Category Archives: Economics

Look at the bright side America, you can afford to live in Detroit

From HousingWire: These are the nation’s most affordable housing markets for middle-class families The era of unusually affordable housing has ended, meaning America’s housing affordability has returned to average historical levels. While this means homes are no longer cheap on a … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate | 151 Comments

Good Times in NJ?

From the APP: What recession worries? NJ jobless rate at record low, employers scrounge New Jersey’s job market was flat in July, but even if employers were in hiring mode, they’d have a tough time finding workers to fill the … Continue reading

Posted in Economics, Employment, New Jersey Real Estate | 106 Comments

Will Murphy own this?

From InsiderNJ: GSI Analysis: NJ’s Workforce and Revenue Results Are True Indicators of the State of Our Economy “While a declining unemployment rate is good news, our workforce remaining below 2008 levels is one sign there’s more than meets the … Continue reading

Posted in Economics, Employment, New Jersey Real Estate, Politics | 42 Comments

Don’t Fear The Reaper (or maybe you should)

From CNBC: More signs point to a softer housing market, even as mortgage rates fall Homebuilders and buyers alike are pulling back, even as mortgage rates fall to multiyear lows. The housing market is simply too pricey, and consumers are … Continue reading

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 39 Comments

Snap back to reality

From Mortgage Professional America: Homeowners are getting really good at valuing their homes The gap between the value homeowners put on their refinance mortgage applications and the value assessed by professional appraisers has narrowed for the third straight month. The … Continue reading

Posted in Economics, Mortgages, National Real Estate | 38 Comments

School rules

From HousingWire: Half of homebuyers with kids base purchase on school district Purchasing a home is one of the biggest decisions a person can make during their lifetime. After all, where you live determines many factors about your life, including … Continue reading

Posted in Demographics, Economics, National Real Estate | 50 Comments

We are so f&cked

From NJ Spotlight: AS MURPHY TAKES BOW FOR RECORD LOW UNEMPLOYMENT, CRITICS FEAR FUTURE SHOCK How much have Gov. Phil Murphy’s policies to do with the state’s unemployment rate, which recently dropped to the lowest level on record? A whole … Continue reading

Posted in Economics, Employment, New Jersey Real Estate, Politics | 42 Comments

No impact?

From NJ1015: NO MELTDOWN: NJ HOME VALUES RISE, DESPITE FEARS OF TAX LAW When federal tax law was changed a year and a half ago, alarms were rung by the real-estate industry warning it would be a gut punch to … Continue reading

Posted in Economics, New Jersey Real Estate, Politics, Property Taxes | 247 Comments

Hope you’ve got a good house number

From HousingWire: Why Some Home Prices Simply Don’t Make Sense Psychologists often point out that people are torn between two minds, the rational and the instinctual. This makes the job of an economist a difficult one — market behavior would … Continue reading

Posted in Economics, Humor | 63 Comments

May Case Chiller

From Marketwatch: Home prices continue to slow in May, Case-Shiller says The numbers: Home price inflation slowed further in May as the S&P CoreLogic Case-Shiller 20-city index rose 0.1% in May compared with April on a seasonally adjusted basis. On an … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate | 60 Comments

Sorry, no homes for you

From HousingWire: Millennials want to buy homes, but their wallets are saying no As summertime heats up, it’s safe to say that spring has officially come to an end. But while its cooler days may be behind us, data says … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate | 82 Comments

Ugly June

From CNBC: US existing home sales fell 1.7% in June, vs 0.2% drop expected U.S. home sales fell more than expected in June as a persistent shortage of properties pushed prices to a record high, suggesting the housing market was … Continue reading

Posted in Economics, National Real Estate | 56 Comments

Pounding salt

From LoHud: Housing market in Lower Hudson Valley slows as SALT impact weighs on high-end The housing market in the Lower Hudson Valley region has shown a slight slowdown in the second quarter, and experts blame the decline on the new tax … Continue reading

Posted in Economics, New Jersey Real Estate, NYC, Property Taxes | 48 Comments

NJ bounces back

From the APP: NJ jobs: Unemployment rate drops to record low 3.5%, leaving employers in a pinch While help-wanted signs abound, employers say they are scrambling to fill jobs in an exercise that could get more difficult as the giant … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 31 Comments

Median price hits new high (but not everywhere)

From HousingWire: Median home price climbs to all-time high The median price of single-family homes in the U.S. has climbed to a record high, reaching $266,000 in the second quarter. That’s up 10.8% from the previous quarter and up 6.4% … Continue reading

Posted in Economics, National Real Estate | 45 Comments