Category Archives: Demographics

If you are reading this you missed the van

From NJBIZ: Are people staying in New Jersey? Study takes a look The prevailing conventional wisdom among those in the state is that New Jersey is losing residents faster than it can keep them. But, according to the 2016 Atlas … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate | 117 Comments

A little bit easier to live (and die) in NJ

From Newsworks: New Jersey deploys tax changes for elderly and veterans in 2017 The legislation that raised New Jersey’s gas tax 23 cents in November also includes some tax cuts that have taken effect with the ringing in of 2017. … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate, Politics | 36 Comments

So much for the bump

From Reuters: Pending home sales drop to 10-month low in November Contracts to buy previously owned U.S. homes fell in November to their lowest level in nearly a year, a sign rising interest rates could be weighing on the housing … Continue reading

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

Millennial FTB? Buy a 2 family.

From MarketWatch: Buying your first home? Consider a duplex… The best first home may be a multi-unit home, because having tenants pays off. Duplexes — a single building with separate units and entrances — are among the least popular homes … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate | 41 Comments

Home sales strong in November

From HousingWire: Existing home sales continue to climb at highest pace since 2007 Existing home sales increased for the third consecutive month in November to the highest pace in almost 10 years, according to the most recent report from the … Continue reading

Posted in Demographics, Economics, National Real Estate | 52 Comments

NJ Grows, NY/PA Shrink

From the Star Ledger: N.J.’s population rises, but New York and Pennsylvania lost residents New Jersey’s population has risen slightly as the Garden State is hanging on to its ranking as the 11th most populous state in the nation, according … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate | 87 Comments

Now lending standards go the other way

From the WSJ: U.S. Home Prices Soar, But Minorities and Young People Miss Out U.S. home values have jumped to records over the past four years, but some demographic groups have participated more in the rally than others. A study … Continue reading

Posted in Demographics, Economics, National Real Estate, Risky Lending | 28 Comments

Lock them in their parents basement

from NJ101.5: How can NJ stop young adults from fleeing the state? As we wind down the end of 2016 and get set to ring in a brand new year, New Jersey faces a number of significant challenges. The state’s … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate | 109 Comments

So much for Bergen…

From the Star Ledger: Less income and cheaper homes: How Bergen County has changed in a decade Bergen County residents are earning less, spending more time commuting to work and have seen their homes continue decrease in value – a … Continue reading

Posted in Demographics, Economics, Employment, North Jersey Real Estate | 50 Comments

Year of the Millennial?

From Reuters: Data Dive: Will 2017 be the year millennials buy houses? Millennials have been the largest demographic group since 2015, but they have not been pulling their weight in buying homes. And that’s put a big crimp on the … Continue reading

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

An affordable place in NJ?

From the Press of Atlantic City: Lower cost of living may be driving population migration to Cumberland County Robert Bruni’s dream of buying a house and owning a burger joint or deli fell victim to what he said was the … Continue reading

Posted in Demographics, Economics, South Jersey Real Estate | 47 Comments

The elusive millennial buyer

From the Record: Millennials boost numbers of first-time homebuyers After two years of renting an $1,800-a-month studio apartment in Harlem, Sarah and Micaiah Fitzgerald decided it was time to buy a home. “We just felt we were throwing money away … Continue reading

Posted in Demographics, New Jersey Real Estate | 91 Comments

2017- Turning point or much of the same?

From HousingWire: What’s in store for housing in 2017? For the majority of this year, the housing market could not get past low inventory levels, which were continuously cited as the main road block to a fully healthy housing market. … Continue reading

Posted in Demographics, Economics, National Real Estate | 85 Comments

Grrrriiiinnnddd

From the Record: Home prices in NYC region rise, but slowly Home prices in the region continue to rise, but at the slowest pace in the nation, the S&P CoreLogic Case-Shiller index reported Tuesday. Values rose 1.7 percent in the … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate, NYC | 57 Comments

Yes, if only America didn’t hate small homes

From the LA Times: Op-Ed Could micro-apartments solve the affordable housing crisis? Cities across America are facing a devastating housing affordability crisis. One obvious potential solution is micro-units. Adding density without affecting the skyline, they offer housing at a lower … Continue reading

Posted in Demographics, Economics, Housing Recovery | 57 Comments