Author Archives: grim

NJ adds jobs in Oct – unemployment up to 3.2

From InsiderNJ: NJDOL: New Jersey Payrolls Grow in October Hiring by New Jersey employers picked up in October while New Jersey’s unemployment rate edged higher for the month, according to estimates produced by the U.S. Bureau of Labor Statistics. Total … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 76 Comments

What could possibly go wrong?

From the Star Ledger: Murphy pushes taxpayer-funded bank for N.J. No state has done that in a century.  Gov. Phil Murphy on Wednesday took the first steps to make New Jersey the first state in a century to open a state-owned bank. … Continue reading

Posted in New Jersey Real Estate, Politics, Where's the Beef? | 116 Comments

Pay up suckers

From HousingWire: Are homes under $250,000 nearing extinction? A recent report by economic research consultancy Capital Economics shared a stunning statistic: The number of vacant single-family homes for sale priced under $250,000 has halved since 2012. According to the report, at the … Continue reading

Posted in Demographics, Economics, Housing Recovery, National Real Estate | 154 Comments

Democrats lose NJ

From the Star Ledger: How Gov. Murphy helped Republicans win Assemblyman Jon Bramnick, the Republican leader, says he is grateful that Gov. Phil Murphy engaged so heavily in this week’s election because it helped Republicans like him win close races. “Did Murphy … Continue reading

Posted in New Jersey Real Estate, Politics, Property Taxes, Unrest | 144 Comments

So Much For Reurbanization

From Forbes: Millennials With Families Are Leaving Major Cities For The Suburbs, Transforming Them Into ‘Hipsturbia’  Just as their parents flocked to the suburbs, city-loving Millennials are doing the same yet transitioning some areas to “Hipsturbia,” a phrase revealed in … Continue reading

Posted in Demographics, Economics, Housing Recovery, National Real Estate, New Development | 67 Comments

Will they buy?

From HousingWire: The homebuyers are coming. The homebuyers are coming A flood of first-time homebuyers is about to hit the market over the next three years, according to newly released analysis from TransUnion.  TransUnion is currently projecting that at least 8.3 … Continue reading

Posted in Demographics, Economics, Housing Recovery, National Real Estate | 83 Comments

Slay the Zombies

From HousingWire: ATTOM: Zombie foreclosures are ticking down The amount of vacant homes in the U.S. continues to sit at a lull, slowly ticking down, according to a new data set from ATTOM Data Solutions.  In the fourth quarter of 2019, … Continue reading

Posted in Economics, Foreclosures, Housing Recovery, National Real Estate | 95 Comments

August Case Shiller

From CNBC: Home price gains heat up in August but slow in major markets, S&P Case-Shiller index says Home prices are heating up again on a national level, but some of the largest cities are lagging. That may be due … Continue reading

Posted in Demographics, Economics, Housing Bubble, Housing Recovery, National Real Estate | 65 Comments

High end not so dead?

From Forbes: Hamptons Home Prices On The Rise Again After Two Years Of Declines  Home prices in the Hamptons, the summer playground of Wall Street titans and Hollywood celebrities, are on the rise again after almost two years of declines.  … Continue reading

Posted in Economics, National Real Estate | 24 Comments

Great market! Everywhere but here.

From Forbes: Home Prices Jump In 95% Of Cities, Reaching Record High  Home prices have hit a new high. According to stats from ATTOM Data Solutions, median home prices jumped 2.9% over the third quarter of 2019 and 8.2% since … Continue reading

Posted in Economics, Housing Recovery, National Real Estate, New Jersey Real Estate | 26 Comments

September Existing Home Sales

From Reuters: U.S. existing home sales drop more than expected in September U.S. home sales fell more than expected in September as the market continues to struggle with a dearth of properties for sale, especially for cheaper homes. The National … Continue reading

Posted in Demographics, Economics, National Real Estate | 37 Comments

Get with the times NJ

From CNBC: Backyard bungalows are becoming big business for homeowners and builders They’re not just she-sheds or he-sheds or granny pods or tiny homes. The latest housing trend in the backyard is now front and center for a new breed … Continue reading

Posted in Demographics, Economics, National Real Estate, New Development | 89 Comments

The Trump Effect

From CNBC: Robert Shiller: Recession likely years away due to bullish Trump effect Nobel-prize winning economist Robert Shiller believes a recession may be years away due to a bullish Trump effect in the market. According to the Yale University professor, … Continue reading

Posted in Economics, Employment, National Real Estate, Politics | 15 Comments

NJ UE 3.1%

From NJBIZ: NJ unemployment dips again in September While job levels remained relatively unchanged, the state’s unemployment rate continued its downward trend for the sixth month in a row. September’s 3.1 percent rate marked a 0.1 percentage point drop – … Continue reading

Posted in Economics, Employment, New Jersey Real Estate | 27 Comments

Housing a bright spot

From Housingwire: Federal Reserve report cites “rebounded” housing market The housing market was the bright spot in the Federal Reserve’s monthly economic snapshot released on Tuesday. While consumer spending “softened,” business equipment spending was “sluggish,” and payroll growth has been “moderate,” … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate | 117 Comments