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Category Archives: Demographics
Does anyone really want Amazon?
From the Philly Inquirer: Beware, Philadelphia: Amazon could drive up housing prices When Amazon announced its search for a second North American headquarters, government officials, developers, and residents in cities nationwide embraced the prospect as decidedly good news. Including many … Continue reading
Posted in Demographics, Economics, Employment, New Jersey Real Estate, Philly
68 Comments
Noticing some extra room these days?
From the Star Ledger: Worry as Census says N.J.’s population shrank for the first time in years New Jersey may have lost population for the first time in a decade, new data shows, potentially imperiling economic growth and the number … Continue reading
NJ Income Jumps to #3 Nationwide
From the Star Ledger: N.J. shoots up the state income rankings, reverses depressing trend New Jersey households made $76,126 last year, a 4 percent growth over 2015, according to recently released Census data. The growth shot New Jersey from the … Continue reading
Posted in Demographics, Economics, Employment, New Jersey Real Estate
145 Comments
The biggest barrier to starter homes – zoning laws and NIMBY
From HousingWire: Trulia: Housing market fails to produce what buyers really want The gap between the homes consumers want and the homes available for sale continues to grow in many markets across the U.S., according to the latest Mismatched Markets … Continue reading
Posted in Demographics, Economics, National Real Estate, New Development
79 Comments
Get out your wallets
From CNBC: Almost half of top US housing markets are ‘overvalued’ It will come as no surprise to anyone out house hunting today — buying a home is becoming ever more difficult to afford. Prices just keep soaring while incomes … Continue reading
Posted in Demographics, Economics, National Real Estate
101 Comments
That was fast…
From the NYT: The Urban Revival Is Over For all the concern about the gentrification, rising housing prices and the growing gap between the rich and poor in our leading cities, an even bigger threat lies on the horizon: The … Continue reading
Posted in Demographics, National Real Estate, New Development
34 Comments
Hoboken as expensive as Manhattan?
From HousingWire: New York vs New Jersey — we did the math on where it’s cheapest for commuters to live New York City is the most expensive and the most populated city in America. About 3 million people work in … Continue reading
Posted in Demographics, Economics, New Jersey Real Estate, NYC
48 Comments
This makes my head hurt
From the Real Deal: This is the salary you need to earn to buy a home right now in New York, Miami and LA Using the National Association of Realtors’ data on housing affordability, Business Insider gathered a list of … Continue reading
Livin’ large
From Bloomberg: Millennial Americans Are Moving to the ‘Burbs, Buying Big SUVs Millennials are finally starting their own baby boom and heading for the suburbs in big sport utility vehicles, much like their parents did. Americans aged about 18 to … Continue reading
Posted in Demographics, Economics, National Real Estate
51 Comments
But, can you afford NJ on these jobs?
From the APP: NJ becoming the warehouse state, and that means more jobs School supplies, shoes, clothing and home decor – Freehold Township resident Blythe Aguayo buys everything online these days. “I get home from work and my kids will … Continue reading
Posted in Demographics, Economics, New Jersey Real Estate
93 Comments
New homes were never cheap
From CNBC: As housing affordability weakens, more buyers are left out in the cold The cost of housing is rising at a fast clip, and nowhere is it more apparent than in the market for newly built homes. Sales there … Continue reading
Posted in Demographics, Economics, National Real Estate, New Development
89 Comments
Up Up and Away!
From HousingWire: Home prices hit yet another new all-time high Home prices increased in the second quarter of 2017 to yet another all-time high due to low levels of housing supply, according to the latest quarterly report from the National … Continue reading
Posted in Demographics, Economics, Housing Bubble, National Real Estate
34 Comments
School are shrinking – why aren’t taxes dropping?
From RT40: Mapping New Jersey’s Shrinking School Districts More than half of New Jersey’s school districts have shrunk in the last six years, reflecting wider population moves toward urban areas as well as net migration from the state. School districts … Continue reading
Posted in Demographics, Economics, New Jersey Real Estate, Property Taxes
51 Comments
Wise up NJ, or get left behind.
From the Record: New Jersey’s suburban economy’s existential crisis A new study suggests that New Jersey could expand its economy by $150 billion and create a quarter-million new jobs over the next decade by making a number of policy changes … Continue reading
Sellers at the high end get real … and sell
From CNBC: Luxury home prices soar as sellers come back down to earth The slump in the swankiest sector of the housing market appears to be over, and, ironically, it may be due to a dose of reality among sellers. … Continue reading
Posted in Demographics, Economics, Housing Recovery, National Real Estate
54 Comments