Category Archives: Demographics

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

America loves houses again

From HousingWire: Realtors: Homebuyers flooded housing market in first quarter The first quarter of 2017 saw the strongest quarterly home sales pace in a decade, according to the latest quarterly report from the National Association of Realtors. This increase in … Continue reading

Posted in Demographics, Economics, Employment, Housing Recovery, National Real Estate | 98 Comments

Armageddon for NJ

From the APP: NJ suburbs: Endangered because of millennials? New Jersey’s suburbs, with their sprawling single-family homes and regional malls built to attract baby boomers, need to be re-engineered for a new generation that wants to ditch its cars and … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate | 102 Comments

Otteau April Update

From the Otteau Group: April MarketNEWS NJ Home Sales Continue to Exhibit Strength In March, the number of contract purchases by home buyers exceeded the same month in the prior year for the 31st consecutive month, reflecting a 10% increase … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate | 95 Comments

Everyone happy about housing again?

From HousingWire: Experts: Spring home-buying season starts off with a bang The spring home-buying season is in full swing and it started off with a bang. Home prices increased in February to a new high for the fourth consecutive month, … Continue reading

Posted in Demographics, Economics, National Real Estate | 159 Comments

You were hoping for a job?

From the Star Ledger: More bad news for office leasing market in N.J., report says Office leading deals in the first quarter in New Jersey has dropped to its lowest level in nearly a decade, the Wall Street Journal reported. … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 125 Comments

Home price expectations highest since 2005.

From Gallup: More in US Expect Local Home Values to Rise Sixty-one percent of U.S. adults predict housing prices in their local area will increase in the next 12 months, up from 55% a year ago and the highest Gallup … Continue reading

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 43 Comments

17,500 jobs … poof

From the Star Ledger: N.J. lost 17,500 jobs in March New Jersey employers cut 19,100 private-sector jobs in March, while at the same time the unemployment rate fell to 4.2 percent, according to the latest U.S. Bureau of Labor Statistics … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate | 64 Comments

2.5 month supply of homes in Brooklyn

From Bloomberg: Brooklyn Home Sales Jump Most Since ’10 With Listings Near a Low Home sales in Brooklyn jumped the most in seven years while the supply of listings hovered near a record low, pushing buyers toward bidding wars in … Continue reading

Posted in Demographics, Economics, Employment, NYC | 48 Comments

Mortgage delinquencies at 10 year low

From HousingWire: More Americans are now paying their mortgage often, and on time Mortgage delinquency rates, including loans in serious delinquency and even foreclosure inventory, fell at the start of 2017, according to the latest monthly Loan Performance Insights Report … Continue reading

Posted in Demographics, Economics, Employment, Mortgages, National Real Estate | 22 Comments

Better than renting out?

From the NYT: Making a Living With Airbnb New Yorkers who welcome strangers into their homes by becoming Airbnb hosts have found that the experience can be at turns nerve-racking, humorous and sometimes embarrassing. But for some determined hosts, it … Continue reading

Posted in Demographics, Economics, NYC | 37 Comments

When will home price growth start to slow?

From HousingWire: CoreLogic: Home prices rose 7% in February Home prices increased in February and will only continue that upward trend, according to the Home Price Index and HPI Forecast from CoreLogic, a global property information, analytics and data-enabled solutions … Continue reading

Posted in Demographics, Economics, National Real Estate | 105 Comments