Category Archives: Demographics

But, can you afford NJ on these jobs?

Posted on August 21, 2017 by grim

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 | 87 Comments

New homes were never cheap

Posted on August 18, 2017 by grim

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!

Posted on August 17, 2017 by grim

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?

Posted on August 13, 2017 by grim

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.

Posted on August 11, 2017 by grim

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 →

Posted in Demographics, Economics, New Development, New Jersey Real Estate | 49 Comments

Sellers at the high end get real … and sell

Posted on August 4, 2017 by grim

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

The Future of America – Boarding Houses

Posted on July 24, 2017 by grim

From Quartz:

Posted in Demographics, Economics, New Development | 120 Comments

Has Asbury made it?

Posted on July 20, 2017 by grim

From the NY Post: Jersey Shore’s Asbury Park returns to its glory days Few towns along the Jersey Shore have enjoyed a more visible beachfront revival over the past few years than Asbury Park, the vibrant summer enclave about 60 … Continue reading →

Posted in Demographics, Economics, New Development, Shore Real Estate | 55 Comments

Foreigners love American real estate

Posted on July 19, 2017 by grim

From CNBC: Foreigners snap up record number of US homes Foreign purchases of U.S. residential real estate surged to the highest level ever in terms of number of homes sold and dollar volume. Foreign buyers closed on $153 billion worth … Continue reading →

Posted in Demographics, Economics, National Real Estate | 39 Comments

Nassau hits new peak, Suffolk on the way

Posted on July 15, 2017 by grim

From Newsday: LI home prices jump; Nassau reaches record level It’s boom time again for the housing market in Nassau County, where prices have reached a new peak. The median price for a closed home sale jumped to $505,000 last … Continue reading →

Posted in Demographics, Economics, NYC | 44 Comments

Prices up in Westchester and the Lower Hudson Valley

Posted on July 13, 2017 by grim

From LoHud: Home prices in region rise as inventory drops, report finds Prices of single-family homes rose throughout the Lower Hudson Valley region in the second quarter, with the number of homes available for sale continuing to dwindle, according to … Continue reading →

Posted in Demographics, Economics, Housing Recovery | 61 Comments

50 years later

Posted on July 12, 2017 by grim

From the Star Ledger: Race, riots and reputation: Has N.J.’s largest city recovered? To this day, you look at so many of the abandoned buildings, the light manufacturing, the old jewelry business, you walk around downtown, you still see the … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate, Unrest | 75 Comments

The negative equity gap

Posted on July 10, 2017 by grim

From DSNews: Does Home Price or Location Impact Underwater Mortgages? In total, 1.8 million American homeowners currently owe more on their home loans than their property is worth. Though this is the first time the number has dropped below 2 … Continue reading →

Posted in Demographics, Economics, National Real Estate | 92 Comments

NJ’s Non-gentrified Urban Future

Posted on July 9, 2017 by grim

A glimpse into what NJ’s urban future will look like. Ever increasing property taxes will create a situation where the urban poor can no longer afford to even pay their property taxes, leading to property tax foreclosures in massive numbers. … Continue reading →

Posted in Demographics, Economics, Foreclosures, New Jersey Real Estate, Property Taxes | 25 Comments

Better by 2018? Not likely.

Posted on July 7, 2017 by grim

From NJ Spotlight: NEW JERSEY’S ECONOMIC OUTLOOK FOR 2018 IS SO-SO, ACCOUNTANTS SAY Despite New Jersey’s solid year of job growth in 2016, a recent survey of the state’s certified public accountants suggests few of them believe economic conditions will … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 46 Comments