Monthly Archives: January 2019

An Icon Falls

Posted in Economics, Employment | 35 Comments

National home prices continue to soften

From CNBC: Home prices rise at a slower pace: S&P Case-Shiller Home values increased 5.2 percent annually in November, slowing from 5.3 percent in October, according to the widely watched S&P CoreLogic Case-Shiller National Home Price Index. The 10-city composite … Continue reading

Posted in Economics, Housing Recovery, National Real Estate | 70 Comments

Nice house, if you can afford it

From HousingWire: Redfin: Middle class buyers are being priced out of housing market Although housing inventory is increasing, affordability for the typical middle class household is retreating, according to new data from Redfin. “Homeownership is increasingly out of reach for … Continue reading

Posted in Demographics, Economics, Employment, Housing Recovery, National Real Estate | 73 Comments

Anywhere but here

From the Real Deal: Why millionaires are fleeing NYC and New Jersey Volatile financial markets are leading high net worth individuals to leave New York and New Jersey in droves. Last year, the region encompassing New York City, Jersey City … Continue reading

Posted in Economics, New Jersey Real Estate, NYC, Unrest | 4 Comments

Thank Trump for Housing?

From Yahoo Finance: Shiller: Trump is a ‘psychological boost’ to the housing market “I describe the current boom in U.S. home prices as the third largest boom since 1890. And so it’s big, and people are starting to think that … Continue reading

Posted in Demographics, Economics, Employment, Housing Recovery, National Real Estate | 92 Comments

Realtors confused … what else is new?

From CNBC: The unusually large drop in home sales has real estate agents baffled Real estate brokers are trying to figure out why sales of existing homes plunged in December. The 6.4 percent monthly move was unusually large, regardless of … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate | 59 Comments

NJ labor force shrinking

From ROINJ: GSI analysis: 2018 jobs report shows N.J.’s lost steam, economy falling behind Garden State Initiative has released an analysis of New Jersey’s monthly jobs report for December 2018, and in it said the economy is not moving forward … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 60 Comments

Shore only for the rich

From the Star Ledger: New rental tax worries some shore renters, homeowners A new tax in New Jersey on short-term lodging such as Airbnb rentals is rattling some property owners and renters who worry that it could deal a blow … Continue reading

Posted in Politics, Property Taxes, Shore Real Estate, Unrest | 29 Comments

NJ nears $15

From the Star Ledger: N.J. minimum wage to rise to $15 an hour as Murphy, top Dems strike deal New Jersey’s Democratic governor and lawmakers have reached a highly anticipated agreement to raise New Jersey’s minimum wage to $15 an … Continue reading

Posted in Economics, Employment, New Jersey Real Estate | 88 Comments

Need to raise the taxes

From the Star Ledger: N.J.’s tax revenues are falling short of Murphy administration target Midway through the fiscal year, New Jersey’s income tax collections have fallen off track, Gov. Phil Murphy’s administration reported on Monday. Revenues for the fiscal year … Continue reading

Posted in Economics, New Jersey Real Estate, Politics | 128 Comments

And now we rent

From Forbes: Renting Is More Affordable Than Buying In Most Major Housing Markets Despite national rents clocking in at well over $1,400, in most of America’s largest housing markets renting is still more affordable than buying. A new analysis from … Continue reading

Posted in Economics, National Real Estate | 147 Comments

Keep Manhattan, just give me that countryside

From Forbes: People First, Jobs Follow: Cause And Effect In Real Estate And Its Impact On Affordability Earlier this year, the U.S. Census Bureau shared its latest data concerning suburban population demographics from 2016 to 2017, revealing a trend that … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate | 48 Comments

Don’t believe the hype?

From MarketWatch: Why the housing and mortgage crisis is far from over With major data providers reporting that mortgage delinquencies continue to decline, Wall Street and the pundits are more convinced than ever that the mortgage crisis is dead and … Continue reading

Posted in Foreclosures, National Real Estate, NYC | 64 Comments

Maybe the infrastructure isn’t all junk?

From the Star Ledger: Andrew Cuomo shows Phil Murphy the light at the end of the tunnel Our governor was off on an African safari for the holidays. Meanwhile New York Gov. Andrew Cuomo was doing some pretty impressive legwork … Continue reading

Posted in NYC, Politics, Unrest | 48 Comments

Prices up, Rate up, Mortgages up

From HousingWire: CoreLogic: Home prices will rise in 2019 In 2018, the principal-and-interest mortgage payment on the median-priced home climbed by more than 16%, according to the latest data from CoreLogic. CoreLogic reports that although the median home price rose … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate | 120 Comments