Category Archives: Economics

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

7.4% of NJ households are millionaires

From the Star Ledger: The number of N.J. millionaires growing, study finds New Jersey leaped over Hawaii last year to become the U.S. state with the third-highest number of millionaires. The Garden State’s wealth and incomes are among the highest … Continue reading

Posted in Economics, New Jersey Real Estate | 25 Comments

Home prices up and continuing to go up -CoreLogic

From HousingWire: CoreLogic: Spring home buying season looks to be strongest in recent memory Home prices increased in January and will even continue this rise into January 2018 due to a mixture of low housing supply and a progressive economic … Continue reading

Posted in Demographics, Economics, National Real Estate | 64 Comments

Ruining your Friday

From NJ Spotlight: OP-ED: JIM HUGHES PREDICTS NJ’S POSTSUBURBAN ECONOMY, AND IT ISN’T PRETTY New Jersey is known for many things, not all of them wonderful. Since World War II, with apologies to Bruce Springsteen and Tony Soprano, it is … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 149 Comments

NJ’s real estate market off to a good start in 2017

From the Otteau Group: NJ Home Sales Remain Strong in 2017 In January, the number of contract purchases by home buyers exceeded the same month in the prior year for the 29th consecutive month, reflecting a 14% increase over January … Continue reading

Posted in Economics, New Jersey Real Estate | 246 Comments

Pending home sales starting to show cracks?

From CNBC: Pending home sales drop unexpectedly to lowest in a year, down 2.8% in January Higher mortgage rates and near record low supply resulted in disappointing home sales to start the year. House hunters signed 2.8 percent fewer contracts … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate | 87 Comments

Has the time come for Newark’s revival?

From Bloomberg: In Shadow of Manhattan, a Long-Neglected City Is Having a Moment For years, downtown Newark’s Military Park, barren and surrounded by vacant buildings, was a symbol of the despair that set in after the 1967 riots. Now it’s … Continue reading

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

Who to blame?

From National Mortgage News: Thank Landlords for the Home Price Recovery: Attom Small investors, not first-time homebuyers, are driving home prices to unaffordable highs, according to a new report from Attom Data Solutions and Clear Capital. Real estate investors drove … Continue reading

Posted in Demographics, Economics, National Real Estate | 31 Comments

How high do rates need to be to slow home sales?

From HousingWire: FHFA: Rising interest rates not slowing down home prices…yet Home prices increased during the fourth quarter and, despite rising interest rates, showed no sign of a slowdown, according to the Federal Housing Finance Agency’s House Price Index. Home … Continue reading

Posted in Economics, Mortgages, National Real Estate | 92 Comments

Should I stay or should I go?

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

Posted in Demographics, Economics, National Real Estate | 79 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