Category Archives: Demographics

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

NJ’s Losers

From the Star Ledger: The 20 fastest-shrinking towns in New Jersey New Jersey is in the midst of a dramatic population shift, the inverse of the outward sprawl that has dominated the state for the last several decades. The large … Continue reading

Posted in Demographics, New Jersey Real Estate | 81 Comments

Are suburbs the smart move?

From Inman: Are the suburbs a better deal for millennials? Much has been made of the millennial desire to live in cities; however, a couple of recent studies show that for families with kids, the suburbs might be the place … Continue reading

Posted in Demographics, Economics, National Real Estate | 74 Comments

Millennials happy about housing

From CNBC: Millennials drive housing confidence higher, despite red-hot prices Both buyers and sellers alike are feeling very good about the housing market this spring, even as home values hit new highs and mortgage rates move up. A monthly sentiment … Continue reading

Posted in Demographics, National Real Estate | 76 Comments

Home prices up and continuing to go up -CoreLogic

From HousingWire: CoreLogic: Spring home buying season looks to be strongest in recent memory Home prices increased in January and will even continue this rise into January 2018 due to a mixture of low housing supply and a progressive economic … Continue reading

Posted in Demographics, Economics, National Real Estate | 64 Comments

Ruining your Friday

From NJ Spotlight: OP-ED: JIM HUGHES PREDICTS NJ’S POSTSUBURBAN ECONOMY, AND IT ISN’T PRETTY New Jersey is known for many things, not all of them wonderful. Since World War II, with apologies to Bruce Springsteen and Tony Soprano, it is … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 149 Comments

Pending home sales starting to show cracks?

From CNBC: Pending home sales drop unexpectedly to lowest in a year, down 2.8% in January Higher mortgage rates and near record low supply resulted in disappointing home sales to start the year. House hunters signed 2.8 percent fewer contracts … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate | 87 Comments

Has the time come for Newark’s revival?

From Bloomberg: In Shadow of Manhattan, a Long-Neglected City Is Having a Moment For years, downtown Newark’s Military Park, barren and surrounded by vacant buildings, was a symbol of the despair that set in after the 1967 riots. Now it’s … Continue reading

Posted in Demographics, Economics, New Development, New Jersey Real Estate | 67 Comments

Who to blame?

From National Mortgage News: Thank Landlords for the Home Price Recovery: Attom Small investors, not first-time homebuyers, are driving home prices to unaffordable highs, according to a new report from Attom Data Solutions and Clear Capital. Real estate investors drove … Continue reading

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

Should I stay or should I go?

From HousingWire: Here’s the inventory crisis smothering Millennial homebuying

Posted in Demographics, Economics, National Real Estate | 79 Comments

How low can inventory go?

From HousingWire: Realtors: Majority of metros hit peak levels in 2016 The fourth quarter of 2016 saw the best quarterly sales pace of the year, but also pushed housing inventory to record lows, and many markets to home prices with … Continue reading

Posted in Demographics, Economics, National Real Estate | 103 Comments