Category Archives: Demographics

NJ second worst state to retire in

Posted on February 1, 2024 by grim

From WalletHub: Best and Worst States to Retire (2024) Many people fear that retirement will mark the end of their financial security, and others worry they might never actually get to retire. That’s understandable when 28% of non-retired adults haven’t saved any … Continue reading →

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

Blame taxes for the inventory?

Posted on January 30, 2024 by grim

From CNN: Boomers are not moving out of their big homes. Here’s why After 33 years and four children, Baby Boomers Marta and Octavian Dragos say they feel trapped in what was once their dream home in El Cerrito, California. … Continue reading →

Posted in Demographics, Economics, Housing Bubble, Politics, Property Taxes | 94 Comments

NJ Homes for $1

Posted on January 29, 2024 by grim

From Patch: $1 Homes For Sale In Newark; Public Lottery Will Mark Milestone Buy a house for a buck? That’s the dream that’s about to become reality for some lucky Newark families on Monday, when the city launches its first … Continue reading →

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

So much for 2023…

Posted on January 26, 2024 by grim

From the NJ Association of Realtors: Monthly Indicators – December 2023 From NJ Business Magazine: Closed Home Sales in NJ Down 22.1% in 2023 New Jersey Realtors has released its 2023 year-end residential real estate housing market data revealing the … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate | 129 Comments

Those were the days…

Posted on January 17, 2024 by grim

From Fox: This was the average cost of an American home in the decade you were born 1940 In 1940, without adjusting for inflation, the average cost of a home in the United States was $2,938, according to the United … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 61 Comments

Shrinkflation, even in housing

Posted on January 15, 2024 by grim

From Fox 5: Renting in NYC: $1,700 gets you a living room sized apartment, study reveals Renters from every borough in NYC agree that prices are soaring and living spaces are shrinking, but a new study sheds light on just … Continue reading →

Posted in Demographics, Economics, Housing Bubble, NYC | 22 Comments

December a mixed bag for NJ real estate

Posted on January 11, 2024 by grim

From Yahoo Finance: Real estate market update: What happened with listings in North Jersey in December December is a traditionally slow month for real estate in New Jersey and across the nation. So it’s no surprise that North Jersey experienced … Continue reading →

Posted in Demographics, Economics, Housing Bubble, Mortgages, New Jersey Real Estate | 66 Comments

“Drive till you qualify”

Posted on January 9, 2024 by grim

From Business Insider: Millennials are moving to ‘the most boring places in the world’ For nearly two decades millennials morphed dense, amenity-rich urban neighborhoods across America into exclusive playgrounds for the young and childless. Compared with Gen Xers and baby … Continue reading →

Posted in Crisis, Demographics, Economics, Housing Bubble, National Real Estate | 43 Comments

Buffalo is the place to be

Posted on January 8, 2024 by grim

From Buffalo Rising: Buffalo’s Real Estate Revolution: How It Became 2024’s Hottest Housing Market In the heart of the Great Lakes region, a remarkable transformation is unfolding. Buffalo, once overshadowed by larger cities, has surged to the forefront as the … Continue reading →

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

Seems like a long shot

Posted on January 3, 2024 by grim

From NJ1015: NJ one of 3 states expected to see housing market crash in 2024 It looks like New Jersey’s housing market may soon run out of steam. And that’s unfortunate for so many living in The Garden State. According … Continue reading →

Posted in Crisis, Demographics, Economics, Housing Bubble, New Jersey Real Estate | 195 Comments

NJ Gets Coal for Christmas

Posted on December 28, 2023 by grim

From NJBIZ: NJ unemployment rate ticks up in November jobs report  Just before the holiday, the New Jersey Department of Labor and Workforce Development released the state’s November jobs report, which showed an increase of 4,100 jobs (3,100 in the private … Continue reading →

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

Out of reach … forever?

Posted on December 26, 2023 by grim

From NPR: Most homes for sale in 2023 were not affordable for a typical U.S. household If you found the U.S. housing market impossible this year you were not alone. In fact, you were in the vast majority, according to … Continue reading →

Posted in Demographics, Economics, Employment, National Real Estate | 57 Comments

Fitch – NJ is overpriced

Posted on December 22, 2023 by grim

From Fitch: Homes Prices Remain Overvalued in 88% of the U.S. Fitch Ratings-New York-20 December 2023: Fitch Ratings estimates that national home prices were 9.4% overvalued for 2Q2023 on a population-weighted average basis and expects overvaluation to remain elevated due … Continue reading →

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

Home sales tick up, slightly

Posted on December 21, 2023 by grim

From the Real Deal: Existing home sales rise for first time since May It was by no means a blizzard of activity, but existing home sales increased from October to November, ending a cold spell for the moribund U.S. market. Sales … Continue reading →

Posted in Demographics, Economics, Employment, National Real Estate | 61 Comments

Prediction Season!

Posted on December 16, 2023 by grim

From the APP: Realtor.com released 2024 forecast for top housing markets Coming in at No. 23 was the Allentown-Bethlehem-Easton, PA-NJ area, with forecasts of : The next New Jersey market on the list was New York-Newark-Jersey City, NY-NJ-PA, coming in … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, New Jersey Real Estate | 47 Comments