Category Archives: Economics

Should I stay or should I go?

From HousingWire: Here’s the inventory crisis smothering Millennial homebuying

Posted in Demographics, Economics, National Real Estate | 12 Comments

Think warm thoughts – shore rentals already up 33% YOY.

From the Philly Inquirer: The rush is already on for rentals at the Jersey Shore From the second-story deck of his aunt’s rental property near 20th and Central, real estate agent Bill Godfrey points out the ocean view a block … Continue reading

Posted in Economics, New Jersey Real Estate, Shore Real Estate | 54 Comments

How low can inventory go?

From HousingWire: Realtors: Majority of metros hit peak levels in 2016 The fourth quarter of 2016 saw the best quarterly sales pace of the year, but also pushed housing inventory to record lows, and many markets to home prices with … Continue reading

Posted in Demographics, Economics, National Real Estate | 103 Comments

Annual home prices accelerating … with rates higher?

From MarketWatch: Home prices accelerating in the face of rising mortgage rates U.S. house prices rose at an accelerated pace in December, a sign that higher mortgage rates aren’t yet diminishing outsize demand for properties. Data provider CoreLogic said its … Continue reading

Posted in Economics, Housing Bubble, Housing Recovery, National Real Estate | 146 Comments

Up or Down or Up or Down or Up or Down

From Marketwatch: Housing demand may keep market afloat, even if rates rise How will the housing market handle rising rates? Ever since the November election, when the unexpected Trump victory sent bond yields flying and mortgage rates following closely behind, … Continue reading

Posted in Demographics, Economics, National Real Estate, Politics, Risky Lending | 64 Comments

Not a bad December for NJ real estate

From Otteau Group: MarketNEWS January 30, 2017 Edition In December, the number of contract purchases by homebuyers exceeded the same month in the prior year for the 28th consecutive month, reflecting a 4% increase over December 2015. Considering the 28% … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate | 104 Comments

Luring millennials with sushi

From the WSJ: Suburban Offices Woo Millennials With Food, Fitness and Fun Suburban landlords trying to compete with sleek urban office settings are finding new ways to step up their game. Property owners in New York’s suburbs are investing heavily … Continue reading

Posted in Demographics, Economics, Housing Recovery, New Development, New Jersey Real Estate | 67 Comments

Huh?

Oddest thing I’ve read in a long time, from StateTech (?): Atlantic City Aims to Revitalize by Attracting Tech Talent and Startups How do you redefine a city? It’s a daunting question, but one that Atlantic City, long viewed as … Continue reading

Posted in Demographics, Economics, New Development, South Jersey Real Estate | 100 Comments

If you are reading this you missed the van

From NJBIZ: Are people staying in New Jersey? Study takes a look The prevailing conventional wisdom among those in the state is that New Jersey is losing residents faster than it can keep them. But, according to the 2016 Atlas … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate | 117 Comments

November Prices Push Higher

From CoreLogic: CoreLogic US Home Price Report Shows Prices Up 7.1 Percent in November 2016 Home prices nationwide, including distressed sales, increased year over year by 7.1 percent in November 2016 compared with November 2015 and increased month over month … Continue reading

Posted in Economics, National Real Estate | 62 Comments

A little bit easier to live (and die) in NJ

From Newsworks: New Jersey deploys tax changes for elderly and veterans in 2017 The legislation that raised New Jersey’s gas tax 23 cents in November also includes some tax cuts that have taken effect with the ringing in of 2017. … Continue reading

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

So much for the bump

From Reuters: Pending home sales drop to 10-month low in November Contracts to buy previously owned U.S. homes fell in November to their lowest level in nearly a year, a sign rising interest rates could be weighing on the housing … Continue reading

Posted in Demographics, Economics, National Real Estate | 32 Comments

Millennial FTB? Buy a 2 family.

From MarketWatch: Buying your first home? Consider a duplex… The best first home may be a multi-unit home, because having tenants pays off. Duplexes — a single building with separate units and entrances — are among the least popular homes … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate | 41 Comments

Home sales strong in November

From HousingWire: Existing home sales continue to climb at highest pace since 2007 Existing home sales increased for the third consecutive month in November to the highest pace in almost 10 years, according to the most recent report from the … Continue reading

Posted in Demographics, Economics, National Real Estate | 52 Comments

NJ Grows, NY/PA Shrink

From the Star Ledger: N.J.’s population rises, but New York and Pennsylvania lost residents New Jersey’s population has risen slightly as the Garden State is hanging on to its ranking as the 11th most populous state in the nation, according … Continue reading

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