Category Archives: Demographics

Stop making sense

Posted on February 18, 2019 by grim

From the APP: Making NJ competitive will do more than $15 minimum wage New Jersey routinely places at or near the bottom in almost every economic analysis of states in America. It’s one of the worst places in the country … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate, Politics | 21 Comments

No deals in 2019

Posted on February 14, 2019 by grim

From CNBC: Here’s why the housing market, while still risky, won’t be all bad for buyers in 2019 With spring on the way, many home buyers are starting their hunt for a new home. But with the housing market in … Continue reading →

Posted in Demographics, Economics, National Real Estate | 99 Comments

Tax those who attempt to leave

Posted on February 7, 2019 by grim

From Fox News: Mansion sales rise in Florida as wealthy buyers are drawn to its low taxes and sunshine Is bigger really better? It’s true to Florida buyers. Many wealthy buyers are moving to the Sunshine State for higher ceilings … Continue reading →

Posted in Demographics, Economics, Property Taxes | 140 Comments

See ya!

Posted on February 5, 2019 by grim

From the NY Post: As revenue drops, concern about the proposed state budget rises Gov. Andrew M. Cuomo on Monday announced a dramatic drop in state income tax revenue of $2.8 billion, which he says will prompt him to revise his 2019-20 budget … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate, NYC | 159 Comments

Nice house, if you can afford it

Posted on January 28, 2019 by grim

From HousingWire: Redfin: Middle class buyers are being priced out of housing market Although housing inventory is increasing, affordability for the typical middle class household is retreating, according to new data from Redfin. “Homeownership is increasingly out of reach for … Continue reading →

Posted in Demographics, Economics, Employment, Housing Recovery, National Real Estate | 73 Comments

Thank Trump for Housing?

Posted on January 24, 2019 by grim

From Yahoo Finance: Shiller: Trump is a ‘psychological boost’ to the housing market “I describe the current boom in U.S. home prices as the third largest boom since 1890. And so it’s big, and people are starting to think that … Continue reading →

Posted in Demographics, Economics, Employment, Housing Recovery, National Real Estate | 92 Comments

Realtors confused … what else is new?

Posted on January 23, 2019 by grim

From CNBC: The unusually large drop in home sales has real estate agents baffled Real estate brokers are trying to figure out why sales of existing homes plunged in December. The 6.4 percent monthly move was unusually large, regardless of … Continue reading →

Posted in Demographics, Economics, Employment, National Real Estate | 59 Comments

NJ labor force shrinking

Posted on January 22, 2019 by grim

From ROINJ: GSI analysis: 2018 jobs report shows N.J.’s lost steam, economy falling behind Garden State Initiative has released an analysis of New Jersey’s monthly jobs report for December 2018, and in it said the economy is not moving forward … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 60 Comments

Keep Manhattan, just give me that countryside

Posted on January 10, 2019 by grim

From Forbes: People First, Jobs Follow: Cause And Effect In Real Estate And Its Impact On Affordability Earlier this year, the U.S. Census Bureau shared its latest data concerning suburban population demographics from 2016 to 2017, revealing a trend that … Continue reading →

Posted in Demographics, Economics, Employment, National Real Estate | 48 Comments

Prices up, Rate up, Mortgages up

Posted on January 6, 2019 by grim

From HousingWire: CoreLogic: Home prices will rise in 2019 In 2018, the principal-and-interest mortgage payment on the median-priced home climbed by more than 16%, according to the latest data from CoreLogic. CoreLogic reports that although the median home price rose … Continue reading →

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

Maybe they’ll just stay in Manhattan?

Posted on January 4, 2019 by grim

From Bloomberg: Manhattan home prices fall under $1 million as sellers cut deals Manhattan home prices fell in the fourth quarter, with the median slipping to less than $1 million for the first time in three years. Ample inventory continued … Continue reading →

Posted in Demographics, Economics, NYC, Price Reduced | 104 Comments

Predictions 2019!

Posted on December 31, 2018 by grim

This is becoming a tradition around here, so here we go again! You know how this works, break out the crystal balls and prognosticate. Ground Rules Predictions provided should either be for June 30th, 2019 or December 31st, 2019, please … Continue reading →

Posted in Demographics, Economics, Employment, Foreclosures | 94 Comments

Pending sales fall again, 11th consecutive month

Posted on December 29, 2018 by grim

From CNBC: Pending home sales fall unexpectedly in November Contracts to buy previously owned homes fell unexpectedly in November, the National Association of Realtors said on Friday, the latest sign of weakness in the U.S. housing market. The NAR’s pending … Continue reading →

Posted in Demographics, Economics, Employment, Housing Recovery, National Real Estate | 27 Comments

What middle class?

Posted on December 24, 2018 by grim

From the New York Post: New York City’s endangered middle class in exodus, analysts say New York City’s shrinking middle class is now in full retreat, as masses of our most endangered population depart the city in numbers not seen … Continue reading →

Posted in Demographics, Economics, Employment, NYC | 24 Comments

NY & CT lose population, NJ gains

Posted on December 20, 2018 by grim

From the Census Department: Nevada and Idaho Are the Nation’s Fastest-Growing States he U.S. population grew by 0.6 percent and Nevada and Idaho were the nation’s fastest-growing states between July 1, 2017, and July 1, 2018. Both states’ populations increased … Continue reading →

Posted in Demographics, Economics, National Real Estate | 73 Comments