Author Archives: grim

Ah the good old days

From NPR – All Things Considered: Before Silicon Valley, New Jersey Reigned As Nation’s Center Of Innovation People from New Jersey are used to defending their state. But, in fact, New Jersey has a history to brag about. Thomas Edison … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate | 65 Comments

Slowdown ahead?

From CNBC: Fast-rising home prices finally hit a wall This spring may be one of the hottest sellers’ markets in history, but even off-the-chart-demand can’t put every potential buyer in a home of their own. If the house is too … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate | 112 Comments

Shaping up to be the strongest year yet?

From CBS News: House-hunting in 2017? You’ll need a fatter wallet What’s on your TV? In many middle-class homes, programs about house-hunting now compete for viewers with sporting events, cooking shows and financial advice. Americans are house-hungry. And nothing proves … Continue reading

Posted in Demographics, Economics, Employment, Housing Recovery, National Real Estate | 130 Comments

Refis down, foreclosures down, purchases down

From DSNews: First-time Foreclosure Starts Hit All-time Low Both mortgage originations and foreclosures are in freefall, according to the recent Mortgage Monitor report released by Black Knight Financial Services on Monday. Overall originations dropped 34 percent over the first quarter … Continue reading

Posted in Economics, Foreclosures, National Real Estate | 23 Comments

Bayonne joins the Gold Coast

From the NY Post: When Jason Tsay and Michael Suchocki left artsy Chelsea for sleepy Bayonne, they thought the New Jersey city was on the cusp of a real estate renaissance. Turns out they were a decade early. The couple … Continue reading

Posted in Demographics, Economics, Gold Coast, New Development | 124 Comments

When will the rest of Jersey follow?

From the Star Ledger: The 19 hottest real estate markets in N.J. are surging Time to separate the wheat from the chaff. New Jersey’s real estate market has been fairly fractured since the Great Recession ended in 2009. A slow … Continue reading

Posted in Economics, New Jersey Real Estate | 108 Comments

National home prices hit 33 month high

From CNBC: Growth in US home prices continues in March, reaching 33-month high U.S. home prices rose slightly less than what was anticipated for the month of March, according to new data from the S&P/Case-Shiller U.S. National Home Price Index. … Continue reading

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

How your tax dollars are spent to protect the wealthy

From Climate Central: How Rising Seas Drowned the Flood Insurance Program Long Beach Island is the largest and richest barrier island in New Jersey, an oasis of sprawling oceanfront retreats and second homes located midway down the state’s heavily developed … Continue reading

Posted in Politics, Risky Lending, Shore Real Estate | 22 Comments

Philly the reason for South Jersey’s slump?

From Philly.com: Despite vibrancy in Philly’s suburbs, home values still struggle If the massive cluster of new housing, shops, and restaurants rising in King of Prussia is any indication, the suburbs are as prosperous as ever. There, as elsewhere across … Continue reading

Posted in Economics, Housing Recovery, South Jersey Real Estate | 9 Comments

Access = Prosperity

From the Star Ledger: What causes income inequality among similar N.J. towns? Railroads have historically been instrumental to human development by connecting economic centers and providing people with enhanced access to opportunities. New Jersey is no exception. In the 1830s, … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate | 48 Comments

The New Newark

From the NYT: Work for Audible, Live Rent-Free? Would you live in Newark if your boss paid your rent for a year? That was the question that Audible.com, the audiobook company, posed to its workers when it announced a housing … Continue reading

Posted in Demographics, Economics, New Development, New Jersey Real Estate | 28 Comments

If not for immigrants, NJ would be sunk

From the Star Ledger: Immigration is the only thing keeping N.J.’s population afloat, data shows New Jersey came closer to reaching nine million residents last year, but the state’s meager growth slowed its pace toward that milestone, according to new … Continue reading

Posted in Demographics, New Jersey Real Estate | 15 Comments

Does this explain the construction gap?

From Bloomberg: Foreclosures Dry Up and a Hot Wall Street Trade Gets New Look It was a rare lucrative business for Wall Street in the aftermath of the financial crisis: snapping up properties in foreclosure and renting them out. So … Continue reading

Posted in Demographics, Economics, National Real Estate, New Development | 145 Comments

Shiller on the origins of housing’s animal spirits

From the New York Times: How Tales of ‘Flippers’ Led to a Housing Bubble There is still no consensus on why the last housing boom and bust happened. That is troubling, because that violent housing cycle helped to produce the … Continue reading

Posted in Housing Bubble, National Real Estate | 52 Comments

The building boom cometh

From Builder Magazine: REALTORS: EXISTING HOME SALES TO RISE 3.5% THIS YEAR. Job gains and improving household confidence are expected to guide existing-home sales to a decade high in 2017, but supply and affordability headwinds and modest economic growth are … Continue reading

Posted in National Real Estate, New Development | 77 Comments