Category Archives: Economics

Never an easy year for a first time buyer

From the NYT: 2018: A Tough Year for First-Time Buyers Dr. Davis and brokers will likely tell you that what your decision should come down to is not so much whether you will make money off your home, or how … Continue reading

Posted in Demographics, Economics, National Real Estate | 221 Comments

Rates go up now?

From the Chicago Tribune: As Fed raises rates, look for higher costs on credit cards, car loans and home mortgages Americans are taking on more debt, and they’re soon going to be paying more for it. The Federal Reserve on … Continue reading

Posted in Economics, Mortgages, National Real Estate | 155 Comments

“It’s grim all over”

From Bloomberg: U.S. Starter Homes Are Scarcer, Pricier, Smaller and More Run-Down Homebuyers in the U.S. have plenty to grouse about these days. Prices have climbed steeply in many metro areas, mortgage rates are rising and inventory is thin. But … Continue reading

Posted in Demographics, Economics, National Real Estate | 109 Comments

Jersey’s pockets a little deeper

From Corelogic: CoreLogic Reports Homeowner Equity Increased by $908 Billion in 2017 CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released the Home Equity Report for the fourth quarter of 2017, which shows that … Continue reading

Posted in Economics, Housing Recovery, New Jersey Real Estate | 38 Comments

I think I can I think I can

From Bloomberg: U.S. Home Prices Rise Almost 9%, the Biggest Gain in Four Years Home prices in the U.S. surged 8.8 percent in February — the biggest gain in four years — as buyers battled for an increasingly scarce resource: … Continue reading

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate | 139 Comments

NJ Lagging Job Recovery

From the Star Ledger: N.J. added 43K jobs in 2017. Here’s why that’s not such good news New Jersey added about 43,000 jobs in the private sector in 2017, about 18,000 less than 2016, according to data released by the … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 170 Comments

Low taxes, but not really.

For most of these towns, there are some pretty sizable factors that keep taxes low, but are largely irrelevant for the rest of NJ. From the Star Ledger: Here are the 30 N.J. towns with the lowest property taxes Last … Continue reading

Posted in Economics, New Jersey Real Estate, Politics | 42 Comments

So they aren’t moochers?

From the APP: Don’t blame NJ’s high taxes on ‘Moocher states’: Malanga Last year’s federal tax reform act has prompted a lot of hand wringing and hyperbolic language from New Jersey officials over the loss of the state and local … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate, Politics, Property Taxes | 37 Comments

I say flip it, flip it good

From Bloomberg: Home Flippers Pile Into the U.S. Market, Scoring Higher Profits Property investors were bullish on the U.S. housing market in 2017, flipping more homes than in any year since 2006, when the real estate bubble that helped upend … Continue reading

Posted in Economics, Housing Bubble, National Real Estate | 137 Comments

NJ fights back on business taxes, then taxes business

From the Star Ledger: We’ve got sure-fire plan to save small businesses from Trump tax law, N.J. lawmakers say New Jersey lawmakers who are already offering up a scheme to save homeowners the state and property tax deduction gutted by … Continue reading

Posted in Economics, New Jersey Real Estate, Politics | 96 Comments

And they think this charitable contribution scheme has a chance?

From the Star Ledger: IRS action on prepaid property taxes slammed as ‘naked political payback’ against N.J. New Jersey Rep. Bill Pascrell Jr. and other Democrats on Monday accused the Internal Revenue Service of “naked political payback” for refusing to … Continue reading

Posted in Economics, New Jersey Real Estate, Politics, Property Taxes | 84 Comments

Will transition to rentership put ownership even further out of reach?

From the WSJ, hat tip hoodafa: Why New Jersey’s Soaring Foreclosures Are Good for the Housing Market New Jersey’s foreclosure crisis is hitting a peak, and that could be a boon for the state’s housing market. While bank repossessions across … Continue reading

Posted in Demographics, Economics, Foreclosures, New Jersey Real Estate | 92 Comments

Recovered or back to a bubble?

From HousingWire: CoreLogic: Housing market nearly recovered from recession CoreLogic, a global property information, analytics and data-enabled solutions provider, released a report outlining the real estate economy from 2006 to 2017, showing that the housing market has nearly completely recovered … Continue reading

Posted in Economics, Housing Bubble, Housing Recovery, National Real Estate | 105 Comments

Keep Manhattan, just give me that countryside

From the Real Deal: Why increasing numbers of New Yorkers are calling it quits on city life According to realtors, there’s a great exodus from New York City that can be measured in New Jersey commuters. Over the past 25 … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate, NYC | 85 Comments

Fulop – From Darling to Demon

From the Jersey Journal: Jersey City residents protest tax reval: ‘You’re taking our homes away from us’ Dozens of Downtown residents protested outside City Hall today to call attention to exorbitant tax increases they could see as a result of … Continue reading

Posted in Economics, Gold Coast, Politics, Property Taxes | 25 Comments