Category Archives: Economics

Does anyone really want Amazon?

From the Philly Inquirer: Beware, Philadelphia: Amazon could drive up housing prices When Amazon announced its search for a second North American headquarters, government officials, developers, and residents in cities nationwide embraced the prospect as decidedly good news. Including many … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate, Philly | 68 Comments

Noticing some extra room these days?

From the Star Ledger: Worry as Census says N.J.’s population shrank for the first time in years New Jersey may have lost population for the first time in a decade, new data shows, potentially imperiling economic growth and the number … Continue reading

Posted in Demographics, Economics, New Development, New Jersey Real Estate | 63 Comments

NJ Income Jumps to #3 Nationwide

From the Star Ledger: N.J. shoots up the state income rankings, reverses depressing trend New Jersey households made $76,126 last year, a 4 percent growth over 2015, according to recently released Census data. The growth shot New Jersey from the … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 145 Comments

The biggest barrier to starter homes – zoning laws and NIMBY

From HousingWire: Trulia: Housing market fails to produce what buyers really want The gap between the homes consumers want and the homes available for sale continues to grow in many markets across the U.S., according to the latest Mismatched Markets … Continue reading

Posted in Demographics, Economics, National Real Estate, New Development | 79 Comments

Get out your wallets

From CNBC: Almost half of top US housing markets are ‘overvalued’ It will come as no surprise to anyone out house hunting today — buying a home is becoming ever more difficult to afford. Prices just keep soaring while incomes … Continue reading

Posted in Demographics, Economics, National Real Estate | 101 Comments

Case Shiller Day!

From Marketwatch: Home price gains were hot in June as Seattle sizzled, Case-Shiller says U.S. home price growth picked up steam in June as strong demand continued to buoy the market. The S&P/Case-Shiller 20-city index rose a seasonally adjusted 5.7% … Continue reading

Posted in Economics, National Real Estate | 81 Comments

Hoboken as expensive as Manhattan?

From HousingWire: New York vs New Jersey — we did the math on where it’s cheapest for commuters to live New York City is the most expensive and the most populated city in America. About 3 million people work in … Continue reading

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

Existing Home Sales Tank

From CNBC: US existing home sales unexpectedly fall in July U.S. home resales unexpectedly fell in July to their lowest monthly level of the year due to a lack of properties for sale, which also continued to push up prices. … Continue reading

Posted in Economics, National Real Estate | 113 Comments

This makes my head hurt

From the Real Deal: This is the salary you need to earn to buy a home right now in New York, Miami and LA Using the National Association of Realtors’ data on housing affordability, Business Insider gathered a list of … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate, Where's the Beef? | 70 Comments

Livin’ large

From Bloomberg: Millennial Americans Are Moving to the ‘Burbs, Buying Big SUVs Millennials are finally starting their own baby boom and heading for the suburbs in big sport utility vehicles, much like their parents did. Americans aged about 18 to … Continue reading

Posted in Demographics, Economics, National Real Estate | 51 Comments

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 | 93 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