Category Archives: Economics

…and still little new housing

From CNBC: Home prices just took the biggest jump in four years Homebuyers, hold onto your wallets. The gains in home prices are getting bigger as the supply of homes for sale gets leaner. The median price of a home … Continue reading

Posted in Demographics, Economics, Housing Recovery, National Real Estate | 35 Comments

Out with retail, in with industrial

From Real Estate Weekly: Developers struggling to meet demand for New Jersey industrial space New Jersey can’t keep up with demand for industrial space, according to Duke Realty leasing vice president Ben Rosen. “There are no buildings available under 300,000 … Continue reading

Posted in Demographics, Economics, New Development, New Jersey Real Estate | 28 Comments

Your parents had it easy

From CNBC:

Posted in Demographics, Economics | 103 Comments

No surprises here, big money stays in Manhattan

From Bloomberg: New York City’s Top Earners Still Choose Manhattan Over Brooklyn Brooklyn may claim the popularity contest, but Manhattan’s still home to the city’s highest earners. That’s the upshot from a Bloomberg analysis of household earnings by zip code, … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate, NYC | 131 Comments

NJ wages up 4%

From the Star Ledger: N.J. workers are earning more $$$ but it’s not all good news New Jersey workers now have a few more bucks in their pocket. The average hourly earnings of New Jersey employees in the private sector … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 81 Comments

Foreclosures spike in NYC?

From The Real Deal: New York City foreclosures are back to financial crisis levels The number of foreclosures in the city continued to climb this year, with Staten Island and Brooklyn seeing the largest upticks in scheduled auctions. In the … Continue reading

Posted in Economics, Foreclosures, NYC | 84 Comments

You don’t get a house just for showing up…

From USA Today: Home buying market so brutal, some home buyers make offer sight unseen This spring home-buying season should be a coming-out party for Millennials, many of whom are finally ready to make a purchase after hunkering down for … Continue reading

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 98 Comments

Get in line with the rest of us

From NJBIZ: Survey: Millennials want more jobs, cheaper housing Millennials in New Jersey want lower taxes, increased job opportunities, affordable housing and improved, cheaper mass transit in order to stay in the state. According to a survey of 975 state … Continue reading

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

Uh Oh

From Bloomberg: Manhattan Home Sales Tumble Most Since 2009 as Buyers Push Back Home sales in Manhattan plunged by the most since the recession as buyers at all price levels drove hard bargains and were in no rush to close … Continue reading

Posted in Economics, Housing Recovery, New Development, NYC | 134 Comments

Hot summer at the Jersey Shore?

From the Press of Atlantic City: Demand for South Jersey summer rentals increases Atlantic and Cape May counties generally finish first and second, respectively, in terms of tourism dollars spent, hotels and homes rented, and other spending indicators measured each … Continue reading

Posted in Economics, Shore Real Estate | 67 Comments

Otteau March MarketNEWS

From the Otteau Group: March MarketNEWS The number of home sales in New Jersey over the first 2 months of 2018 totaled more than 16,000, setting an all-time record. Still, the 2% year-to-date increase over the same period last year … Continue reading

Posted in Economics, Housing Recovery, New Jersey Real Estate | 31 Comments

It’ll sit empty for decades…

From the Record: Toys R Us collapse creates large corporate office vacancy in Wayne The collapse of Toys R Us has placed a big question mark on a large tract of forested woodland in the heart of Wayne. Toys R … Continue reading

Posted in Economics, New Development, New Jersey Real Estate, Politics | 93 Comments

NJ Pension on Track! … to be fixed in 30 years.

From the Star Ledger: Have New Jersey’s pension woes finally bottomed out? ould it be true? Is New Jersey’s pension fund for public workers — among the worst-funded in the nation — really on the road to recovery? That’s what … Continue reading

Posted in Demographics, Economics, Humor, New Jersey Real Estate, Politics | 121 Comments

Onslaught

From HousingWire: Experts: Homebuyers should prepare for onslaught of competition this spring season The latest Case-Shiller report showed home prices are continuing to rise, but now experts say not only are those high prices here to stay, but homebuyers could … Continue reading

Posted in Demographics, Economics, Housing Recovery, National Real Estate | 144 Comments

Oh boy…

From the Star Ledger: Will Phil Murphy veto giving police and fire unions control of their pensions? The state Legislature passed legislation Monday handing control of the pension fund for New Jersey’s police and firefighters over to its members. But … Continue reading

Posted in Economics, New Jersey Real Estate, Politics | 61 Comments