Category Archives: Demographics

How low can inventory go?

From HousingWire: U.S. housing market experiences largest inventory decline since 2018 In October, America’s home sales rose by 3.9%, marking the fourth month of the past six to post a year-over-year increase in sales, according to the RE/MAX National Housing Report. “October … Continue reading

Posted in Demographics, Economics, National Real Estate | 98 Comments

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

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

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

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

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

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

Hey New Jersey – Trump didn’t do anything to your home values

From Patch: Don’t Blame Trump Tax Cuts For Essex County Home Values: Opinion  Is President Donald Trump responsible for home values in Essex County? Point the finger somewhere else, some local residents say. Recently, ProPublica and Fortune released a list … Continue reading

Posted in Demographics, Economics, Employment, Humor, New Jersey Real Estate | 123 Comments

Poverty falls in NJ

From NJ Spotlight: Poverty in New Jersey in 2018 by County The percentage of New Jerseyans living in poverty last year dropped below 10% for the first time this decade, although the proportion of the state’s residents who are considered … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 82 Comments

Housing optimism dips, but still very high

From Yahoo Finance: US housing market optimism slides Optimism about the U.S. housing market may have peaked after hitting its all-time high in August, according to a measure of consumer sentiment. The Fannie Mae Home Purchase Sentiment Index slid 2.3 points … Continue reading

Posted in Demographics, Economics, Employment, Housing Recovery, National Real Estate | 84 Comments

Retire in Bayonne … or Clifton

What the f*ck? Looking to retire in New Jersey? This Hudson County city is the place to go, rankings say Bayonne is the “it” place in New Jersey — for seniors. The Peninsula City has been ranked the No. 1 … Continue reading

Posted in Demographics, Economics, Humor, New Jersey Real Estate | 51 Comments

Turns out millennials are not all that different

From the WSJ: Millennials Continue to Leave Big Cities Large U.S. cities lost tens of thousands of millennial and younger Gen X residents last year, according to Census figures released Thursday that offer fresh signs of cooling urban growth. Cities … Continue reading

Posted in Demographics, Economics, National Real Estate | 104 Comments

July Case Shiller – eh

From HousingWire: Case-Shiller: U.S. home-price gains were lethargic in July July 2019 saw an annual increase of 3.2% for home prices nationwide, matching the previous month’s pace, according to the Case-Shiller Home Price Index from S&P Dow Jones Indices and CoreLogic. The 10-City and 20-City composites reported a 1.6% … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate | 66 Comments