Category Archives: Economics

17,500 jobs … poof

From the Star Ledger: N.J. lost 17,500 jobs in March New Jersey employers cut 19,100 private-sector jobs in March, while at the same time the unemployment rate fell to 4.2 percent, according to the latest U.S. Bureau of Labor Statistics … Continue reading

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

…except here

From MarketWatch: Foreclosure activity drops to pre-recession levels nationwide Chances are slim that a new foreclosure sign was posted on your block. The number of foreclosure filings, which include default notices, auctions and bank repossessions, dropped 19% nationwide from a … Continue reading

Posted in Economics, Foreclosures, National Real Estate | 29 Comments

2.5 month supply of homes in Brooklyn

From Bloomberg: Brooklyn Home Sales Jump Most Since ’10 With Listings Near a Low Home sales in Brooklyn jumped the most in seven years while the supply of listings hovered near a record low, pushing buyers toward bidding wars in … Continue reading

Posted in Demographics, Economics, Employment, NYC | 48 Comments

Mortgage delinquencies at 10 year low

From HousingWire: More Americans are now paying their mortgage often, and on time Mortgage delinquency rates, including loans in serious delinquency and even foreclosure inventory, fell at the start of 2017, according to the latest monthly Loan Performance Insights Report … Continue reading

Posted in Demographics, Economics, Employment, Mortgages, National Real Estate | 22 Comments

Local realtors: It’s a great time to sell … and buy!

From NJ1015: Demand for housing in New Jersey on the rise — It’s a seller’s market The New Jersey housing market, which has been depressed since the Great Recession, is showing signs of firing up. According to Rob Dekanski, a … Continue reading

Posted in Economics, New Jersey Real Estate | 47 Comments

Better than renting out?

From the NYT: Making a Living With Airbnb New Yorkers who welcome strangers into their homes by becoming Airbnb hosts have found that the experience can be at turns nerve-racking, humorous and sometimes embarrassing. But for some determined hosts, it … Continue reading

Posted in Demographics, Economics, NYC | 37 Comments

When will home price growth start to slow?

From HousingWire: CoreLogic: Home prices rose 7% in February Home prices increased in February and will only continue that upward trend, according to the Home Price Index and HPI Forecast from CoreLogic, a global property information, analytics and data-enabled solutions … Continue reading

Posted in Demographics, Economics, National Real Estate | 105 Comments

Going to be a good year for NJ real estate

From the Otteau Group: NJ Home Sales Showing More Balance In February, the number of contract purchases by home buyers exceeded the same month in the prior year for the 30th consecutive month, reflecting an 8% increase over February 2016. … Continue reading

Posted in Economics, Housing Recovery, New Jersey Real Estate | 78 Comments

Home prices see strong start for 2017

From CNBC: US home prices rise 5.9 percent to 31-month high in Jan: S&P CoreLogic Case-Shiller US home price gains reached a 31-month high in January, according to the S&P/Case-Shiller U.S. National Home Price Index. The index, which measures all … Continue reading

Posted in Economics, National Real Estate | 53 Comments

Healthy Shmealthy

From CNBC: Here are the nation’s healthiest—and unhealthiest—housing markets Housing remains in high demand in most of the nation, but the housing recovery looks increasingly uneven, depending on location. Whether buyers are shopping for their own homes or for investment … Continue reading

Posted in Economics, New Jersey Real Estate | 51 Comments

NJ Unemployment falls to 4.4%

From NJ Biz: N.J. added over 12k jobs in February, new report says New Jersey added 12,600 total nonfarm jobs last month and saw its unemployment rate tick down slightly to 4.4 percent, according to a report released Thursday by … Continue reading

Posted in Economics, Employment, New Jersey Real Estate | 45 Comments

The year of the ‘burbs?

From the NYT: Home Sales Brisk in New York City’s Suburbs Real estate market temperatures in the commuter suburbs around New York City range from warm to sizzling, having never really cooled down for the winter. As 2016 ended, prices … Continue reading

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

Are suburbs the smart move?

From Inman: Are the suburbs a better deal for millennials? Much has been made of the millennial desire to live in cities; however, a couple of recent studies show that for families with kids, the suburbs might be the place … Continue reading

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

NJ Comeback?

From the Record: N.J. job growth last year best since 2000 New Jersey added nearly 61,000 jobs last year, the best year for private-sector growth since 2000, according to the U.S. Bureau of Labor Statistics. The gains continued into the … Continue reading

Posted in Economics, New Jersey Real Estate | 29 Comments

Rent or Buy – Too Simple?

From NJ101.5: Should you buy or rent? A county-by-county list for NJ To make that decision a bit easier, real estate database ATTOM Data Solutions has released a report that breaks down the math in New Jersey’s housing markets and … Continue reading

Posted in Economics, New Jersey Real Estate | 49 Comments