Category Archives: Economics

Existing home sales flat in August, prices up, inventory up slightly

From HousingWire: Existing home sales held steady in August After falling for four consecutive months, existing home sales held its ground in August, according to the latest report from the National Association of Realtors. Total existing home sales, completed transactions … Continue reading

Posted in Economics, Housing Bubble, Housing Recovery, National Real Estate | 5 Comments

Good thing it never rains in NJ

From WHYY: New Jersey unprepared for next economic downturn, say ratings agencies Ten years after the Great Recession, more and more states are bulking up their financial reserves to prepare for another economic downturn. But not the Garden State. According … Continue reading

Posted in Economics, New Jersey Real Estate | 74 Comments

Everything is holding housing back

From MarketWatch: This is why Americans are losing confidence in the housing market Today, less people are buying houses. According to Fannie Mae, a mere 24% of Americans feel like now is a good time to buy a house. Looking … Continue reading

Posted in Demographics, Economics, Employment, Housing Recovery, Mortgages, National Real Estate | 37 Comments

Long Island prices gain through summer

From LI Patch: Long Island Home Prices Continue to Soar Long Island’s housing market continues to grow, as a report released today by the Multiple Listing Service of Long Island showed that housing prices are up and more homes are … Continue reading

Posted in Economics, Housing Recovery, NYC | 59 Comments

Bye Bye Refi

From HousingWire: Originations fall to 4-year low due to rising interest rates The signs were all there. It was clear that mortgage originations were trending down as interest rates rose, but it’s still striking to see the results in black … Continue reading

Posted in Economics, Housing Recovery, Mortgages, National Real Estate | 78 Comments

We’re #1! In flipped properties.

From NJ101.5: Home flipping down, but not in New Jersey Home “flipping” — buying and selling a dwelling quickly after renovations for a profit — is slowing in most parts of the country. But flipping activity in New Jersey is … Continue reading

Posted in Demographics, Economics, Foreclosures, New Jersey Real Estate | 64 Comments

NJ economic growth at 18 year high

From Bloomberg: New Jersey’s Economy Gains, Still Lags New York: NY Fed Data The Garden State is growing. New Jersey’s economy accelerated at the fastest pace in almost 18 years though it lags neighboring New York state as it has … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate | 90 Comments

More like “Land of the Lost”

From ROI-NJ: Murphy tells ROI: ‘We’re the land that time forgot here in terms of the development of this economy’ Following in the footsteps of the president under whom he served, Gov. Phil Murphy is trying to bring an innovation … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate, Politics | 72 Comments

Sky is the limit for NJ … taxes

From the Record: Analysis: NJ economic growth won’t sustain Murphy’s agenda, adding pressure to raise taxes Fresh off striking a budget deal that included $1.6 billion in new taxes, Gov. Phil Murphy said he was banking on strong economic growth … Continue reading

Posted in Economics, New Jersey Real Estate, Politics | 36 Comments

Good thing the rich are rich

From CNBC: The $1 billion price cut: Luxury real estate gets slashed The most expensive real-estate in America just became a little less expensive — with $1 billion in price cuts among America’s top listings over the past few months, … Continue reading

Posted in Demographics, Economics, National Real Estate | 16 Comments

Price growth slows. Pause or Dip?

From CNBC: Home price gains slow down in June: S&P Case-Shiller Homebuyers are pulling back, and prices are finally following. Home prices are still rising, but the gains are shrinking. In June, prices nationally rose 6.2 percent year over year, … Continue reading

Posted in Demographics, Economics, Housing Recovery, National Real Estate | 74 Comments

The Slump

From MarketWatch: Pending home sales stumble as housing market momentum wanes The numbers: Pending-home sales declined 0.7% in July, the National Association of Realtors said Wednesday. What happened: NAR’s index, which tracks real-estate transactions in which a contract has been … Continue reading

Posted in Economics, Housing Recovery, National Real Estate | 90 Comments

August Otteau Report

From Otteau Group: MarketNEWS August 2018 Edition The number of home purchase contracts in New Jersey increased by 4% during July compared to the same month last year. There has however been a noticeable change in the mood of the … Continue reading

Posted in Economics, New Jersey Real Estate | 49 Comments

Someone is still investing in NJ

From ROI-NJ: Angel investors put nearly $39M into N.J. economy in first half of 2018 The New Jersey Economic Development Authority has approved 60 Angel Investor Tax Credit program applications this year, helping to put nearly $39 million into 20 … Continue reading

Posted in Economics, New Jersey Real Estate | 31 Comments

Plenty of room to run?

From CNBC: The housing recovery isn’t over, it just feels like it is A slew of negative housing numbers for July are piling up on top of a slew of negative housing numbers from the last several months. Sales of … Continue reading

Posted in Demographics, Economics, Employment, Foreclosures, Housing Recovery, National Real Estate | 50 Comments