Category Archives: Economics

Sales down, prices up..

From Redfin: Home Sales Fell 6% in August, the First Annual Decline in 15 Months However, home prices were up 16%, and new listings posted their first year-over-year decline since February, which could signal a tightening market. The median price … Continue reading

Posted in Economics, Housing Bubble, National Real Estate | 75 Comments

Impact or not?

From the Philly Voice: U.S. housing market faces ‘shock’ from end of mortgage forbearance — but no bubble, experts say Pandemic policies have undoubtedly shaped the way the U.S. housing market has functioned throughout the health crisis, which has had … Continue reading

Posted in Economics, Mortgages, Politics, Risky Lending | 112 Comments

Maybe some gentrification isn’t so bad?

Interesting piece from VOX: What we talk about when we talk about gentrification In his 2019 paper “Hoboken Is Burning: Yuppies, Arson, and Displacement in the Postindustrial City,” Princeton historian Dylan Gottlieb documented the violent displacement Puerto Rican residents faced … Continue reading

Posted in Demographics, Economics, National Real Estate, New Development | 197 Comments

Nothing in between

From NPR: The Housing Shortage Is Significant. It’s Acute For Small, Entry-Level Homes America’s roaring real estate boom is leaving millions of would-be homebuyers out in the cold. The problem is most severe in that corner of the market that … Continue reading

Posted in Economics, National Real Estate, New Development | 60 Comments

Pending home sales dip

From MarketWatch: Pending home sales slide for second month in a row — even though economists predicted an increase Fewer Americans signed on the dotted line in July to purchase a home — but it’s likely too early to say … Continue reading

Posted in Economics, National Real Estate | 54 Comments

What now for NJ unemployed?

From the Star Ledger: Murphy won’t say if N.J. will extend pandemic unemployment benefits, affecting 500K residents With approximately 500,000 New Jerseyans set to lose pandemic unemployment benefits after the first week of September, Gov. Phil Murphy won’t say if … Continue reading

Posted in Economics, Employment, New Jersey Real Estate | 216 Comments

56,000 Pending Eviction Cases

From the Star Ledger: As eviction moratorium nears end, N.J. to begin settlement conferences for renters, landlords The first mandatory settlement conferences in more than 56,000 pending landlord-tenant cases will begin next week, nearly a year-and-a-half since a statewide eviction moratoriumbegan … Continue reading

Posted in Economics, New Jersey Real Estate | 155 Comments

Step away for a minute and the world goes to shit

Seems I picked a fine time to stop blogging. Markets in turmoil, global pandemic, potential real estate catastrophe looming. Couple of folks reached out to me over the past few days about opening the blog back up again. Totally get … Continue reading

Posted in Economics, New Jersey Real Estate, Politics, Unrest | 225 Comments

Another good year for RE?

From HousingWire: CoreLogic: Expect home prices to rise 5% by next November In November, home prices climbed by 3.7% from the previous year, according to CoreLogic’s latest Home Price Forecast. The CoreLogic HPI projects future home price growth based on several economic … Continue reading

Posted in Demographics, Economics, Employment, Housing Recovery, National Real Estate | 116 Comments

End of the NJ HQ?

From the Star Ledger: N.J. could force employers to pay severance to laid-off workers Stirred by the plight of New Jersey Toys “R” Us workers who lost their jobs when the Wayne-based retailed filed for bankruptcy and shuttered stores across … Continue reading

Posted in Economics, Employment, New Jersey Real Estate | 79 Comments

Still strong on LI

From LI Business News: Long Island home prices climb on strong sales Prices of Long Island homes sold last month rose compared with a year ago, boosted by strong demand and a shrinking supply. The median price of homes contracted … Continue reading

Posted in Economics, Housing Recovery, NYC | 36 Comments

Business growing in NJ?

From GlobeSt: Northern NJ Office Market Showing Improvement Heading into 2020 The Northern New Jersey office market showed signs of stability and improvement at the end of 2019 positing positive net absorption, lower availability and higher asking rents, according to … Continue reading

Posted in Economics, New Development, New Jersey Real Estate | 113 Comments

Trends 2020

From Forbes: The Real Estate Landscape In 2020: An Expert’s Predictions   Sellers will expand on home improvements before selling These will go far beyond staging as buyers become less inclined to buy homes that need work “They wish to know … Continue reading

Posted in Economics, National Real Estate | 125 Comments

The Exodus

From CNBC: People couldn’t wait to leave this state in 2019 Blame it on brutal winters, high taxes or the New Jersey Turnpike: The Garden State is the last place where people want to be. More than two-thirds of all … Continue reading

Posted in Demographics, Economics, National Real Estate, New Jersey Real Estate, Property Taxes | 114 Comments

November Pending Sales

From CNBC: US pending home sales rise in November Contracts to buy previously owned U.S. homes rose in November, driven by a surge in new contracts being signed in the country’s West, the National Association of Realtors said on Monday. … Continue reading

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