Category Archives: Economics

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 | 44 Comments

Rise of Gen Z

From Bloomberg: Gen Z Is Set to Outnumber Millennials Within a Year Millennials are about to be surpassed by Generation Z. Gen Z will comprise 32 percent of the global population of 7.7 billion in 2019, nudging ahead of millennials, … Continue reading

Posted in Demographics, Economics, National Real Estate | 65 Comments

Price Reduced!

From HousingWire: Is housing becoming a buyer’s market? Home sellers have begun cutting back their listing price, especially at the high end of the housing market, leaving open the possibility that it is now beginning to shift to a buyer’s … Continue reading

Posted in Economics, National Real Estate, Price Reduced | 44 Comments

City of the Future?

First time Outdoor magazine made it to the front page, great great piece: Affordable Housing Is the Key to a Thriving City Almost as long as there have been cities, there have been efforts to revamp their downtowns. But philosophies … Continue reading

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

Owners staying put is causing the inventory crunch

From HousingWire: First-time homebuyers dominate mortgage market First-time homebuyers may be facing rising affordability issues, but they are still outpacing the share of repeat buyers in the housing market, according to the latest report from the Urban Institute. This is … Continue reading

Posted in Economics, Housing Bubble, Housing Recovery, National Real Estate | 28 Comments

Hottest markets?

God, I feel that the Ledger should just give up on the stupid “top 10 list” format, I feel like I’m getting sucked into a social media marketing promotion by taking the clickbait. I’ll be the sucker and save you … Continue reading

Posted in Economics, Housing Bubble, Housing Recovery, New Jersey Real Estate | 39 Comments

Nothing will be done

From the Star Ledger: Huge change for N.J.: Public worker benefit cuts, merging schools, more toll roads pushed by top lawmaker Frustrated by endless growth in property taxes and public worker benefit costs, New Jersey’s most powerful lawmaker earlier this … Continue reading

Posted in Economics, New Jersey Real Estate, Politics, Property Taxes | 89 Comments

Will the pause continue?

Great piece from Citylab this morning: This Housing Price Spike Is Different Housing prices are cooking. Across the nation, the price of homes is rising faster than the rate of inflation—in some places by a factor of three. That’s true … Continue reading

Posted in Demographics, Economics, Employment, Housing Bubble, Housing Recovery | 129 Comments

Is Newark sure it wants Amazon?

From Vice (first time ever?): Cities Are for Rich People Now and Wooing Amazon Only Makes It Worse If there are two facts of life in the modern American city, they are that rent will be too damn high, and … Continue reading

Posted in Demographics, Economics, Employment, New Development, New Jersey Real Estate | 70 Comments

Expensive to buy, expensive to rent

From the Star Ledger: Who the heck can afford N.J.? Search up-to-date prices in every N.J. town for renting, buying If you or anyone you know has been in the New Jersey real estate market, you feel the pain. On … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 119 Comments

The Big Slow

From the Philly Inquirer: Is Philly’s housing market still hot? As buyers grow nervous and tired, home prices are slowing Even before she and her husband started seriously house-hunting for their first home, Nicole Benson Paul had heard the stories … Continue reading

Posted in Economics, Housing Bubble, Housing Recovery, National Real Estate | 128 Comments

May Case Shiller

From HousingWire: Case-Shiller: Home prices rising at least twice the rate of inflation To absolutely no one’s surprise, home prices increased once again in May, and even showed double-digit gains in some markets on the West Coast, and increasing at … Continue reading

Posted in Economics, Housing Bubble, Housing Recovery, National Real Estate | 99 Comments

Where rents have gone up the most

From the Star Ledger: Rent prices are skyrocketing in these 15 N.J. real estate markets It’s not a renter’s market in New Jersey. The state has the fifth-highest median rent in the nation, along with high housing costs that force … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate | 65 Comments

Will affordable housing make NJ unaffordable for the rest of us?

From the Star Ledger: N.J. needs to build 155,000 affordable housing units. No one can agree on how or where As New Jersey reigned as one of the most expensive places in the country to live, the state agency tasked … Continue reading

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

“Uh Oh”s keep coming

From CNBC: Southern California home sales crash, a warning sign to the nation Southern California home sales hit the brakes in June, falling to the lowest reading for the month in four years. Sales of both new and existing houses … Continue reading

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 329 Comments