Category Archives: Demographics

Why millennials aren’t buying

From HousingWire: Here are 5 reasons the Millennial homeownership rate is low For years, several factors have been tossed around such as high home prices, fear over the last housing crisis, delays in family formation and even student loans as … Continue reading

Posted in Demographics, Economics, National Real Estate | 68 Comments

Rents pushing new highs nationally

From HousingWire: Rent just jumped to an all-time high We’ve known that the rent may be too damn high for quite a while now, but a new report shows that rent has never been this high before. Newly released data … Continue reading

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

All eyes on jobs today

From CNBC: Hiring seen strong in June with plenty of jobs for grads Employers may be having a hard time finding workers, but recent graduates and students may be helping fill the ranks this summer and that trend could have … Continue reading

Posted in Demographics, Economics, Employment | 134 Comments

It’s a great time to stay put

From CNBC: Home prices make the biggest jump in four years It is a seller’s market, undeniably. The supply of homes for sale is low, demand is high, and now prices are heating up even more. But sellers today see … Continue reading

Posted in Demographics, Economics, Housing Recovery, Mortgages, National Real Estate | 95 Comments

New Jersey has a serious problem

From the Star Ledger: Why paychecks in N.J. aren’t growing as fast as the rest of the U.S. New Jersey hit near rock bottom in wage growth last year as compared to the rest of the country, according to new … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 43 Comments

June MarketNews

From the Otteau Group: June MarketNews Home sales in New Jersey increased by 2% in the month of May compared to the same month last year, recording more than 12,200 purchase contracts in a single-month, setting an all-time record. As … Continue reading

Posted in Demographics, Economics, Housing Bubble, Housing Recovery, New Jersey Real Estate | 71 Comments

Dylan, Chelsea, and Austin buy homes

From the Huffington Post: Millennial Buyers Face Tough Housing Market Yvonne Jimenez Smith and her husband, Brandon Smith, spoke in whispers recently as they visited a white stucco house they planned to buy on a leafy street in San Jose, … Continue reading

Posted in Demographics, Economics, National Real Estate | 125 Comments

The good old days really were

From Curbed: How the housing market has become harder since 1988 Millennials facing today’s difficult housing market, and the challenges of buying their first home, can wistfully imagine the ’50s and dream of a time when government policy and growth … Continue reading

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

About time…

From CNBC: Millennials moving out of Mom and Dad’s place, study shows If you have an adult child living at home, you could become an empty nester sooner than you thought. The number of 18- to 34-year-olds living with parents … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate | 136 Comments

NJ not a place for startups

From WNYC: New Jersey Wants to Stake a Claim in the Innovation Economy New Jersey Governor Phil Murphy rarely misses an opportunity to point out the Garden State once was a hub for innovation — where Thomas Edison invented the … Continue reading

Posted in Demographics, Economics, Employment, New Development, New Jersey Real Estate | 228 Comments

Short term looking good for NJ, long term? Ummm…

From the APP: NJ jobs: Companies hiring, and this is why you’d better grab a job now New Jersey employers are recruiting aggressively to fill job openings, but clouds are beginning to build, which could force them to temper their … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 103 Comments

How far can home prices go?

From CNBC: US house prices are going to rise at twice the speed of inflation and pay: Reuters poll An acute shortage of affordable homes in the United States will continue over the coming year, according to a majority of … Continue reading

Posted in Demographics, Economics, Employment, Housing Bubble | 138 Comments

NJ Population Growth & Decline Visualized

From the Star Ledger:

Posted in Demographics, Economics, New Jersey Real Estate | 196 Comments

Nothing left to buy?

From CNBC: Pending home sales fall more than expected as costs for buyers rise Potential homebuyers out shopping in April may have been spooked by a sharp rise in mortgage interest rates. Pending home sales, which measure signed contracts to … Continue reading

Posted in Demographics, Economics, National Real Estate | 32 Comments

Another Strong Spring Market

From the Otteau Group: MarketNEWS May 31, 2018 Edition NJ YTD Purchase Contracts Back Up After home sales recorded a 6% retraction in March, New Jersey recorded more than 11,000 purchase contracts during the month of April equating to a … Continue reading

Posted in Demographics, Economics, Employment, Foreclosures, Housing Recovery, New Jersey Real Estate | 137 Comments