Category Archives: Economics

But, can you afford NJ on these jobs?

From the APP: NJ becoming the warehouse state, and that means more jobs School supplies, shoes, clothing and home decor – Freehold Township resident Blythe Aguayo buys everything online these days. “I get home from work and my kids will … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate | 87 Comments

New homes were never cheap

From CNBC: As housing affordability weakens, more buyers are left out in the cold The cost of housing is rising at a fast clip, and nowhere is it more apparent than in the market for newly built homes. Sales there … Continue reading

Posted in Demographics, Economics, National Real Estate, New Development | 89 Comments

Up Up and Away!

From HousingWire: Home prices hit yet another new all-time high Home prices increased in the second quarter of 2017 to yet another all-time high due to low levels of housing supply, according to the latest quarterly report from the National … Continue reading

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 34 Comments

Long Island prices jump

From Newsday: Home prices jump 9.8% in Nassau, rise 5.8% in Suffolk The median home price in Nassau County jumped nearly 10 percent last month compared to a year ago, as limited supply continued to drive prices up. The median … Continue reading

Posted in Economics, National Real Estate, NYC | 91 Comments

School are shrinking – why aren’t taxes dropping?

From RT40: Mapping New Jersey’s Shrinking School Districts More than half of New Jersey’s school districts have shrunk in the last six years, reflecting wider population moves toward urban areas as well as net migration from the state. School districts … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate, Property Taxes | 51 Comments

Wise up NJ, or get left behind.

From the Record: New Jersey’s suburban economy’s existential crisis A new study suggests that New Jersey could expand its economy by $150 billion and create a quarter-million new jobs over the next decade by making a number of policy changes … Continue reading

Posted in Demographics, Economics, New Development, New Jersey Real Estate | 49 Comments

Not iffy, recovering, but slowly

From NJ101.5: The bright side of NJ’s iffy housing market Featuring a worst-in-the-nation foreclosure rate and a significant inventory shortage, New Jersey’s housing market is far from perfect and still reeling from the economic downturn of late last decade. But, … Continue reading

Posted in Economics, New Jersey Real Estate | 68 Comments

Sellers at the high end get real … and sell

From CNBC: Luxury home prices soar as sellers come back down to earth The slump in the swankiest sector of the housing market appears to be over, and, ironically, it may be due to a dose of reality among sellers. … Continue reading

Posted in Demographics, Economics, Housing Recovery, National Real Estate | 54 Comments

Housing continuing to recover as investors step aside

From Bloomberg: Gain in U.S. Pending Home Sales Shows Market Is Stabilizing A rebound in contract signings for the purchase of previously owned U.S. homes shows housing demand is stabilizing after a three-month downturn, National Association of Realtors figures released … Continue reading

Posted in Economics, Housing Recovery, National Real Estate | 79 Comments

Good Times on Wall Street

From Bloomberg: Hamptons Home Prices Soar to Record $1.07 Million The stock market is up. Must be time to splurge on a mansion in the Hamptons. Buyers in the Long Island resort towns opted for more-expensive properties in the second … Continue reading

Posted in Economics, Housing Recovery, NYC | 83 Comments

The Future of America – Boarding Houses

From Quartz:

Posted in Demographics, Economics, New Development | 120 Comments

Philly best local showing in the last decade

From the Philly Business Journal: Philadelphia posts solid, post-recession gain in home values Since the real estate bubble burst during the Great Recession of 2007-2009, housing markets across the country have struggled to regain their footing. Philadelphia and its Pennsylvania … Continue reading

Posted in Economics, Housing Recovery | 28 Comments

Has Asbury made it?

From the NY Post: Jersey Shore’s Asbury Park returns to its glory days Few towns along the Jersey Shore have enjoyed a more visible beachfront revival over the past few years than Asbury Park, the vibrant summer enclave about 60 … Continue reading

Posted in Demographics, Economics, New Development, Shore Real Estate | 55 Comments

Foreigners love American real estate

From CNBC: Foreigners snap up record number of US homes Foreign purchases of U.S. residential real estate surged to the highest level ever in terms of number of homes sold and dollar volume. Foreign buyers closed on $153 billion worth … Continue reading

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

Nassau hits new peak, Suffolk on the way

From Newsday: LI home prices jump; Nassau reaches record level It’s boom time again for the housing market in Nassau County, where prices have reached a new peak. The median price for a closed home sale jumped to $505,000 last … Continue reading

Posted in Demographics, Economics, NYC | 44 Comments