Monthly Archives: September 2019

Retire in Bayonne … or Clifton

What the f*ck? Looking to retire in New Jersey? This Hudson County city is the place to go, rankings say Bayonne is the “it” place in New Jersey — for seniors. The Peninsula City has been ranked the No. 1 … Continue reading

Posted in Demographics, Economics, Humor, New Jersey Real Estate | 51 Comments

Turns out millennials are not all that different

From the WSJ: Millennials Continue to Leave Big Cities Large U.S. cities lost tens of thousands of millennial and younger Gen X residents last year, according to Census figures released Thursday that offer fresh signs of cooling urban growth. Cities … Continue reading

Posted in Demographics, Economics, National Real Estate | 104 Comments

Murphy blows it

From the Star Ledger: N.J. public worker pension investments fall short  New Jersey’s government-worker pension fund investments fell short in the fiscal year that ended in June. The pension fund returned 6.27 percent, trailing the 7.5 percent the pension system assumes it … Continue reading

Posted in Economics, New Jersey Real Estate, Politics | 20 Comments

July Case Shiller – eh

From HousingWire: Case-Shiller: U.S. home-price gains were lethargic in July July 2019 saw an annual increase of 3.2% for home prices nationwide, matching the previous month’s pace, according to the Case-Shiller Home Price Index from S&P Dow Jones Indices and CoreLogic. The 10-City and 20-City composites reported a 1.6% … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate | 66 Comments

Nobody wants to sell?

From HousingWire: U.S. housing market experiences largest inventory decline since last year In August, America’s home sales slid 1.6%, marking the sixth month of 2019 that produced fewer sales than the previous year, according to the RE/MAX National Housing Report. RE/MAX reports … Continue reading

Posted in Economics, Housing Recovery, National Real Estate | 55 Comments

NJ UE Record Low

From NBC: New Jersey Unemployment Drops to Record Low of 3.2 Percent New Jersey’s jobless rate has fallen to a record low of 3.2 percent. That’s according to the figures released Thursday by the state Labor and Workforce Development Department. … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 51 Comments

Fewer options for rent controlled areas

From HousingWire: Trump’s housing-finance plan aims to curb GSE lending in areas with rent control Buckle your seatbelts, California. You may be in for another showdown with the Trump administration. You too, New York and Oregon. When Treasury released its housing finance … Continue reading

Posted in Economics, Mortgages, National Real Estate, Politics, Unrest | 84 Comments

Leading Indicator?

From Forbes: The California Real Estate Boom Is Over. What Now? If you had invested in a property in San Francisco five years ago and cashed out in 2019, you would have made a 50% profit, never mind the rental … Continue reading

Posted in Economics, Housing Bubble, National Real Estate | 150 Comments

Sorry JC, not good enough.

From JerseyDigs: Study Finds Jersey City Will Add as Many Apartments as Manhattan in 2019

Posted in Gold Coast, National Real Estate, New Development, New Jersey Real Estate | 122 Comments

Why NJ is f*cked

From the Star Ledger: N.J. is facing a $1.2B public-worker pension time bomb In the waning days of his administration, Gov. Chris Christie left his successor Phil Murphy a parting gift, of sorts. For years, New Jersey had assumed its public pension fund would … Continue reading

Posted in Economics, Politics, Property Taxes, Unrest | 85 Comments

Millennials want homes?

From CNBC: Older millennials are driving home prices higher again They may have waited longer than previous generations, but millennials are now showing a strong desire to become homeowners, especially older millennials. That is strengthening overall demand for the limited … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate | 58 Comments

Millennials – Still no home for you

From Curbed: Sorry, millennials: A recession won’t help you buy a house The 2008 financial crisis brought the global economy to its knees and sent American home prices into freefall. For anyone who managed to hang on to their job, savings, … Continue reading

Posted in Demographics, Economics, Foreclosures, National Real Estate | 84 Comments