Category Archives: Economics

Need to raise the taxes

From the Star Ledger: N.J.’s tax revenues are falling short of Murphy administration target Midway through the fiscal year, New Jersey’s income tax collections have fallen off track, Gov. Phil Murphy’s administration reported on Monday. Revenues for the fiscal year … Continue reading

Posted in Economics, New Jersey Real Estate, Politics | 128 Comments

And now we rent

From Forbes: Renting Is More Affordable Than Buying In Most Major Housing Markets Despite national rents clocking in at well over $1,400, in most of America’s largest housing markets renting is still more affordable than buying. A new analysis from … Continue reading

Posted in Economics, National Real Estate | 147 Comments

Keep Manhattan, just give me that countryside

From Forbes: People First, Jobs Follow: Cause And Effect In Real Estate And Its Impact On Affordability Earlier this year, the U.S. Census Bureau shared its latest data concerning suburban population demographics from 2016 to 2017, revealing a trend that … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate | 48 Comments

Prices up, Rate up, Mortgages up

From HousingWire: CoreLogic: Home prices will rise in 2019 In 2018, the principal-and-interest mortgage payment on the median-priced home climbed by more than 16%, according to the latest data from CoreLogic. CoreLogic reports that although the median home price rose … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate | 120 Comments

Maybe they’ll just stay in Manhattan?

From Bloomberg: Manhattan home prices fall under $1 million as sellers cut deals Manhattan home prices fell in the fourth quarter, with the median slipping to less than $1 million for the first time in three years. Ample inventory continued … Continue reading

Posted in Demographics, Economics, NYC, Price Reduced | 104 Comments

The $150k Club

From the Census ACS Community Survey released a few weeks ago. Town – Median Household Income: Millburn, Essex County $202,862 Essex Fells, Essex County $200,875 Glen Ridge, Essex County $196,821 North Caldwell, Essex County $187,470 Mendham Township, Morris County $185,882 … Continue reading

Posted in Economics, New Jersey Real Estate | 69 Comments

Housing to get more expensive in 2019

From HousingWire: CoreLogic: Home prices will rise in 2019 In 2018, the principal-and-interest mortgage payment on the median-priced home climbed by more than 16%, according to the latest data from CoreLogic. CoreLogic reports that although the median home price rose … Continue reading

Posted in Economics, Mortgages, National Real Estate | 65 Comments

Predictions 2019!

This is becoming a tradition around here, so here we go again! You know how this works, break out the crystal balls and prognosticate. Ground Rules Predictions provided should either be for June 30th, 2019 or December 31st, 2019, please … Continue reading

Posted in Demographics, Economics, Employment, Foreclosures | 94 Comments

Pending sales fall again, 11th consecutive month

From CNBC: Pending home sales fall unexpectedly in November Contracts to buy previously owned homes fell unexpectedly in November, the National Association of Realtors said on Friday, the latest sign of weakness in the U.S. housing market. The NAR’s pending … Continue reading

Posted in Demographics, Economics, Employment, Housing Recovery, National Real Estate | 27 Comments

Gains continue to moderate

From MarketWatch: U.S. home-price gains keep slowing as higher rates scare off buyers, Case-Shiller shows The S&P/Case-Shiller 20-city index rose a seasonally adjusted 0.4% in October but in a clear sign of the housing market’s recent struggles the increase in … Continue reading

Posted in Economics, Housing Bubble, Housing Recovery, National Real Estate | 51 Comments

Flippers pulling out

From the Washington Post: Home flipping takes a hit In yet another sign of a slowdown in the national housing market, the number of homes that were flipped — sold within one year of purchase — declined by 12 percent … Continue reading

Posted in Economics, Housing Recovery, National Real Estate | 38 Comments

What middle class?

From the New York Post: New York City’s endangered middle class in exodus, analysts say New York City’s shrinking middle class is now in full retreat, as masses of our most endangered population depart the city in numbers not seen … Continue reading

Posted in Demographics, Economics, Employment, NYC | 24 Comments

NY & CT lose population, NJ gains

From the Census Department: Nevada and Idaho Are the Nation’s Fastest-Growing States he U.S. population grew by 0.6 percent and Nevada and Idaho were the nation’s fastest-growing states between July 1, 2017, and July 1, 2018. Both states’ populations increased … Continue reading

Posted in Demographics, Economics, National Real Estate | 73 Comments

Shiller’s Take

From the NYT: The Housing Boom Is Already Gigantic. How Long Can It Last? We are, once again, experiencing one of the greatest housing booms in United States history. How long this will last and where it is heading next … Continue reading

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate | 96 Comments

End of Trump’s boom?

From Bloomberg: Americans Turn More Pessimistic on Economy The number of Americans expecting the U.S. economy to get worse in the next year is at its highest point since 2013, a national NBC/Wall Street Journal poll shows. … Overall, 28 … Continue reading

Posted in Economics, Employment, General, National Real Estate | 86 Comments