Category Archives: Demographics

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

NJ UE Record Low

From NBC: New Jersey Unemployment Drops to Record Low of 3.2 Percent New Jersey’s jobless rate has fallen to a record low of 3.2 percent. That’s according to the figures released Thursday by the state Labor and Workforce Development Department. … Continue reading

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

Millennials want homes?

From CNBC: Older millennials are driving home prices higher again They may have waited longer than previous generations, but millennials are now showing a strong desire to become homeowners, especially older millennials. That is strengthening overall demand for the limited … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate | 58 Comments

Millennials – Still no home for you

From Curbed: Sorry, millennials: A recession won’t help you buy a house The 2008 financial crisis brought the global economy to its knees and sent American home prices into freefall. For anyone who managed to hang on to their job, savings, … Continue reading

Posted in Demographics, Economics, Foreclosures, National Real Estate | 84 Comments

Married – House – Kids – No More

From HousingWire: Harvard: First-time homebuyers are changing The profile of first-time homebuyers in the U.S. is changing, according to researchers at the Joint Center for Housing Studies at Harvard University. In a paper titled “The Shifting Profile of First-Time Homebuyers: 1997-2017,” researchers found … Continue reading

Posted in Demographics, Economics, National Real Estate | 120 Comments

Look at the bright side America, you can afford to live in Detroit

From HousingWire: These are the nation’s most affordable housing markets for middle-class families The era of unusually affordable housing has ended, meaning America’s housing affordability has returned to average historical levels. While this means homes are no longer cheap on a … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate | 147 Comments

Don’t Fear The Reaper (or maybe you should)

From CNBC: More signs point to a softer housing market, even as mortgage rates fall Homebuilders and buyers alike are pulling back, even as mortgage rates fall to multiyear lows. The housing market is simply too pricey, and consumers are … Continue reading

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

School rules

From HousingWire: Half of homebuyers with kids base purchase on school district Purchasing a home is one of the biggest decisions a person can make during their lifetime. After all, where you live determines many factors about your life, including … Continue reading

Posted in Demographics, Economics, National Real Estate | 50 Comments

May Case Chiller

From Marketwatch: Home prices continue to slow in May, Case-Shiller says The numbers: Home price inflation slowed further in May as the S&P CoreLogic Case-Shiller 20-city index rose 0.1% in May compared with April on a seasonally adjusted basis. On an … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate | 60 Comments

Sorry, no homes for you

From HousingWire: Millennials want to buy homes, but their wallets are saying no As summertime heats up, it’s safe to say that spring has officially come to an end. But while its cooler days may be behind us, data says … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate | 82 Comments

NJ bounces back

From the APP: NJ jobs: Unemployment rate drops to record low 3.5%, leaving employers in a pinch While help-wanted signs abound, employers say they are scrambling to fill jobs in an exercise that could get more difficult as the giant … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 31 Comments