Category Archives: Demographics

May Otteau MarketNEWS

Posted on June 27, 2017 by grim

From Otteau Group: NJ Purchase Contracts Bounce Back in May After recording a 7% decline in April, home purchase contracts in New Jersey increased by 11% compared to the same month last year. Given the 9% increase during May of … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate | 41 Comments

King of the hill, top of the heap.

Posted on June 26, 2017 by grim

From the Star Ledger: Recent college grads are leaving N.J. in record numbers. Here’s why. The bed is on an elevated bunk. Below the bed is a desk, dressed with items from college: clothes, books and accessories. The floor is … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate, NYC | 52 Comments

Do so at your own peril

Posted on June 23, 2017 by grim

From the Record: Millennial generation shunning the suburbs for city life They want the bustle. They want the convenience. They want the diversity. In short, they want the city and not the suburbs – even after their children start school. … Continue reading →

Posted in Demographics, Economics, New Development, New Jersey Real Estate | 77 Comments

Gentrification of the shore almost complete?

Posted on June 20, 2017 by grim

From the NYT: Memories of a Jersey Shore Town, Before a Boom On a hot August afternoon in the late 1990s, I waited at Donnelly’s Deli in Avalon, N.J., for our family’s sandwich order. This was a rare treat. We … Continue reading →

Posted in Demographics, Economics, Shore Real Estate | 176 Comments

DINKS with style – what do you expect?

Posted on June 12, 2017 by grim

From MarketWatch: Why house prices in gay neighborhoods are soaring American homeowners can take pride in these prices. At the nadir of the housing market in 2012, homebuyers had to pay an average premium of almost 29%, or $209 per … Continue reading →

Posted in Demographics, Economics, National Real Estate | 31 Comments

Ah the good old days

Posted on June 8, 2017 by grim

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?

Posted on June 7, 2017 by grim

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?

Posted on June 6, 2017 by grim

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

Bayonne joins the Gold Coast

Posted on June 2, 2017 by grim

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

National home prices hit 33 month high

Posted on May 31, 2017 by grim

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

Access = Prosperity

Posted on May 27, 2017 by grim

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

Posted on May 26, 2017 by grim

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

Posted on May 25, 2017 by grim

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?

Posted on May 23, 2017 by grim

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

Posted on May 16, 2017 by grim

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