Category Archives: Demographics

Strollers hit Jersey City

From the NY Times: Jersey City Grows Up When Zacheus and Ratri Chan showed up at an open house for a townhouse in the Bergen-Lafayette neighborhood of Jersey City last fall, there was a line down the street. The six-bedroom … Continue reading

Posted in Demographics, Economics, Gold Coast, New Development | 15 Comments

Buy! No, rent! No, buy!

From the Real Deal: More than 75% of Americans choose renting a home over buying: report Fewer Americans are in the home-buying mood. Rising interest rates and housing prices prices, coupled with slowing rent growth are making homeownership less attractive. … Continue reading

Posted in Demographics, Economics, Mortgages, National Real Estate | 93 Comments

Can NJ buy it’s way into a startup economy?

From the Star Ledger: Murphy’s risky plan to spark Jersey’s sagging economy Is New Jersey’s government smart enough to invest $250 million in venture capital projects, and come out a winner? Should a government that is not competent to run … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 127 Comments

Otteau: September Update

From the Otteau Group: September MarketNews Home purchase contracts in New Jersey declined in August by 2% compared to the same month last year. Almost half of the markets in NJ have seen a decline in the pace of home … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate | 120 Comments

NYC transitions into a cooling market

From CNBC: NYC has moved into a buyer’s market, and is experiencing a housing trend last seen in 2009 New York City’s pricey real estate has become a “buyers market,” new data suggests, characterized by lowball offers and a rise … Continue reading

Posted in Demographics, Economics, Housing Bubble, Lowball, NYC | 46 Comments

Home rule crippling NJ’s future

From NJ Spotlight: THE CHALLENGE FACING NEW JERSEY’S SUBURBS: ‘ADAPT IN ORDER TO SURVIVE’ Could suburban communities really empty out if officials don’t plan better to meet the demand for vibrant, walkable neighborhoods? If recent population settlement patterns continue, and … Continue reading

Posted in Demographics, Economics, New Development, New Jersey Real Estate, Politics | 118 Comments

Everything is holding housing back

From MarketWatch: This is why Americans are losing confidence in the housing market Today, less people are buying houses. According to Fannie Mae, a mere 24% of Americans feel like now is a good time to buy a house. Looking … Continue reading

Posted in Demographics, Economics, Employment, Housing Recovery, Mortgages, National Real Estate | 37 Comments

We’re #1! In flipped properties.

From NJ101.5: Home flipping down, but not in New Jersey Home “flipping” — buying and selling a dwelling quickly after renovations for a profit — is slowing in most parts of the country. But flipping activity in New Jersey is … Continue reading

Posted in Demographics, Economics, Foreclosures, New Jersey Real Estate | 64 Comments

NJ economic growth at 18 year high

From Bloomberg: New Jersey’s Economy Gains, Still Lags New York: NY Fed Data The Garden State is growing. New Jersey’s economy accelerated at the fastest pace in almost 18 years though it lags neighboring New York state as it has … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate | 90 Comments

More like “Land of the Lost”

From ROI-NJ: Murphy tells ROI: ‘We’re the land that time forgot here in terms of the development of this economy’ Following in the footsteps of the president under whom he served, Gov. Phil Murphy is trying to bring an innovation … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate, Politics | 72 Comments

Good thing the rich are rich

From CNBC: The $1 billion price cut: Luxury real estate gets slashed The most expensive real-estate in America just became a little less expensive — with $1 billion in price cuts among America’s top listings over the past few months, … Continue reading

Posted in Demographics, Economics, National Real Estate | 16 Comments

Price growth slows. Pause or Dip?

From CNBC: Home price gains slow down in June: S&P Case-Shiller Homebuyers are pulling back, and prices are finally following. Home prices are still rising, but the gains are shrinking. In June, prices nationally rose 6.2 percent year over year, … Continue reading

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

Taxes trump hometown

From the NY Times: Minimizing the Pain of Trump’s Tax Law Longtime New Yorkers Joanne and Vince Intrieri left their 3,100-square-foot three-bedroom near the United Nations earlier this year, trading it in for a sunny three-bedroom condominium in Downtown Miami. … Continue reading

Posted in Demographics | 14 Comments

Plenty of room to run?

From CNBC: The housing recovery isn’t over, it just feels like it is A slew of negative housing numbers for July are piling up on top of a slew of negative housing numbers from the last several months. Sales of … Continue reading

Posted in Demographics, Economics, Employment, Foreclosures, Housing Recovery, National Real Estate | 50 Comments

Urbanization, but only at the right price

From USA Today: Home prices: Even midsize cities are getting pricey, leading some buyers to smaller markets A couple of years ago, freshly-minted college graduates Jon and Samantha Reidy crisscrossed North Carolina in search of a place to settle and … Continue reading

Posted in Demographics, Economics, National Real Estate | 45 Comments