Category Archives: Demographics

NY Mortgages Worse Than NJ

From CoreLogic’s December Loan Performance Insights: NY has finally taken the overtaken NJ in mortgage delinquency stats, something I’ve been talking about for months. This is primarily being driven by distressed loan performance improving in NJ, and not delinquencies growing … Continue reading

Posted in Demographics, Economics, Mortgages, New Jersey Real Estate, Risky Lending | 75 Comments

Silly Valley

From the Star Ledger: Assembly speaker-elect: We can make N.J. the new Silicon Valley They all came from the same place — the transistors that powered radio to the digital cellular that powers our smartphones, fiber optics to LCD technology, … Continue reading

Posted in Demographics, Economics, New Development, New Jersey Real Estate | 102 Comments

On the bright side, it’ll be so affordable nobody will want to leave

From the Philly Inquirer: ‘It’s going to make it more expensive to live here’: Why N.J., Pa. might face housing blow under GOP tax bill Usually, Tom Bracken said, he would do cartwheels over a plan to cut corporate taxes. … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate, Philly, Politics | 95 Comments

Great time to buy a house … again

From Bloomberg: Housing Market’s Comeback Is Poised to Accelerate Housing was the epicenter of the last recession. From the peak in 2005 to the end of the contraction in mid-2009, U.S. residential investment declined at an unprecedented rate of about … Continue reading

Posted in Demographics, Economics, Housing Recovery, National Real Estate | 82 Comments

Otteau Report November

From Otteau Group: MarketNEWS November Edition After home sales were basically unchanged during the month of September, New Jersey experienced a 9% increase in purchase contracts in October. Considering the 4% increase one year ago in October of 2016, home … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate | 222 Comments

So what happens to New Jersey?

From ROI NJ: Murphy’s plans, GOP’s ideas could hasten migration from N.J. While raising the minimum wage and increasing the millionaires tax are two goals for Gov.-elect Phil Murphy, two Republican tax bills currently making their way through the federal … Continue reading

Posted in Demographics, Economics, National Real Estate, Politics, Property Taxes | 76 Comments

If not the Millionaires, then who? (Hint, You.)

From the Star Ledger: N.J.’s millionaires’ tax hike is losing support By now, anyone paying attention can see that Republicans in Washington are out to screw New Jersey. We would pay higher taxes under their plan, even though we already … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate, Politics, Property Taxes | 25 Comments

Light Reading for Thanksgiving Morning

From ROI-NJ: Smart Growth coalition offers Murphy blueprint for economy For all the talk of attracting companies, the fact remains that the state has a land supply problem, especially in Northern New Jersey. Consider this: If a manufacturer wanted to … Continue reading

Posted in Demographics, Economics, Employment, New Development, New Jersey Real Estate, Politics | 26 Comments

$15 in 3 years?

From the Star Ledger: What Murphy just said about N.J. minimum wage hike, millionaire’s tax In their first public appearance together, Gov.-elect Phil Murphy and his fellow Democrats who lead the New Jersey Legislature promised Monday to gradually hike the … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate | 88 Comments

Upper middle class not paying their fair share?

From Bloomberg: Should the Upper Middle Class Take the Biggest Tax Hit? Humans learn the concept of fairness at a very young age. After all, it doesn’t take long for a child to start whining about a sibling who gets … Continue reading

Posted in Demographics, Economics, National Real Estate, Politics | 116 Comments

New life into old suburbs?

From LoHud: Study: NYC suburbs could use 250K more transit-oriented homes The solution to rising housing prices in the New York metro area could be the addition of 250,000 homes to the city’s suburbs over the next 20 years, according … Continue reading

Posted in Demographics, Economics, New Development, North Jersey Real Estate, NYC | 49 Comments

That time of year again

From The Street: Top Predictions for U.S. Home Prices In 2018 Danni Springfield, a real estate agent at The Springfield Group in San Antonio, Tx. – Even relatively steady markets are seeing impressive growth in the housing market, Springfield says. … Continue reading

Posted in Demographics, Economics, National Real Estate | 23 Comments

Vancouver tops NYC and SF for least affordable

From HousingWire: New study reveals least affordable city in North America Home prices are out of control in markets such as San Francisco and Manhattan, which have the lowest levels of affordability in the U.S., however other cities in North … Continue reading

Posted in Demographics, Economics, National Real Estate | 100 Comments

Camden on the mend?

From WHYY: Camden on the rise? New data show poverty is falling Ken Hammon’s driveway says it all. About halfway down Tuckahoe Road in South Camden, sits the black Mustang the 31-year-old bought thanks to a life-changing job at Holtec … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 187 Comments

What the hell?

From HousingWire: New home sales 10-year high baffles economists After hitting a new low in August, new home sales surged in September to their fastest pace in the past decade, according to the latest report released jointly by the U.S. … Continue reading

Posted in Demographics, Economics, National Real Estate, New Development | 127 Comments