Category Archives: Economics

Shaping up to be the strongest year yet?

Posted on June 6, 2017 by grim

From CBS News: House-hunting in 2017? You’ll need a fatter wallet What’s on your TV? In many middle-class homes, programs about house-hunting now compete for viewers with sporting events, cooking shows and financial advice. Americans are house-hungry. And nothing proves … Continue reading →

Posted in Demographics, Economics, Employment, Housing Recovery, National Real Estate | 130 Comments

Refis down, foreclosures down, purchases down

Posted on June 5, 2017 by grim

From DSNews: First-time Foreclosure Starts Hit All-time Low Both mortgage originations and foreclosures are in freefall, according to the recent Mortgage Monitor report released by Black Knight Financial Services on Monday. Overall originations dropped 34 percent over the first quarter … Continue reading →

Posted in Economics, Foreclosures, National Real Estate | 23 Comments

Bayonne joins the Gold Coast

Posted on June 2, 2017 by grim

From the NY Post: When Jason Tsay and Michael Suchocki left artsy Chelsea for sleepy Bayonne, they thought the New Jersey city was on the cusp of a real estate renaissance. Turns out they were a decade early. The couple … Continue reading →

Posted in Demographics, Economics, Gold Coast, New Development | 124 Comments

When will the rest of Jersey follow?

Posted on June 1, 2017 by grim

From the Star Ledger: The 19 hottest real estate markets in N.J. are surging Time to separate the wheat from the chaff. New Jersey’s real estate market has been fairly fractured since the Great Recession ended in 2009. A slow … Continue reading →

Posted in Economics, New Jersey Real Estate | 108 Comments

National home prices hit 33 month high

Posted on May 31, 2017 by grim

From CNBC: Growth in US home prices continues in March, reaching 33-month high U.S. home prices rose slightly less than what was anticipated for the month of March, according to new data from the S&P/Case-Shiller U.S. National Home Price Index. … Continue reading →

Posted in Demographics, Economics, National Real Estate | 84 Comments

Philly the reason for South Jersey’s slump?

Posted on May 29, 2017 by grim

From Philly.com: Despite vibrancy in Philly’s suburbs, home values still struggle If the massive cluster of new housing, shops, and restaurants rising in King of Prussia is any indication, the suburbs are as prosperous as ever. There, as elsewhere across … Continue reading →

Posted in Economics, Housing Recovery, South Jersey Real Estate | 9 Comments

Access = Prosperity

Posted on May 27, 2017 by grim

From the Star Ledger: What causes income inequality among similar N.J. towns? Railroads have historically been instrumental to human development by connecting economic centers and providing people with enhanced access to opportunities. New Jersey is no exception. In the 1830s, … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate | 48 Comments

The New Newark

Posted on May 26, 2017 by grim

From the NYT: Work for Audible, Live Rent-Free? Would you live in Newark if your boss paid your rent for a year? That was the question that Audible.com, the audiobook company, posed to its workers when it announced a housing … Continue reading →

Posted in Demographics, Economics, New Development, New Jersey Real Estate | 28 Comments

Does this explain the construction gap?

Posted on May 23, 2017 by grim

From Bloomberg: Foreclosures Dry Up and a Hot Wall Street Trade Gets New Look It was a rare lucrative business for Wall Street in the aftermath of the financial crisis: snapping up properties in foreclosure and renting them out. So … Continue reading →

Posted in Demographics, Economics, National Real Estate, New Development | 145 Comments

Buy? Buy what?

Posted on May 18, 2017 by grim

From CNBC: Real estate CEO: Record-low housing inventory is ‘freaking us out’ The number of homes for sale in America has been falling steadily for the past year, but the situation is apparently getting much worse as spring demand heats … Continue reading →

Posted in Economics, National Real Estate, Unrest | 89 Comments

Foreclosure crisis completely behind us now?

Posted on May 17, 2017 by grim

From HousingWire: Homeowners keep getting better at paying their mortgage Consumers are steadily getting better at paying their mortgage with fewer and fewer loans moving into foreclosure, according to the Mortgage Bankers Association’s latest National Delinquency Survey. The report found … Continue reading →

Posted in Economics, Foreclosures, Housing Recovery | 87 Comments

America loves houses again

Posted on May 16, 2017 by grim

From HousingWire: Realtors: Homebuyers flooded housing market in first quarter The first quarter of 2017 saw the strongest quarterly home sales pace in a decade, according to the latest quarterly report from the National Association of Realtors. This increase in … Continue reading →

Posted in Demographics, Economics, Employment, Housing Recovery, National Real Estate | 98 Comments

Armageddon for NJ

Posted on May 15, 2017 by grim

From the APP: NJ suburbs: Endangered because of millennials? New Jersey’s suburbs, with their sprawling single-family homes and regional malls built to attract baby boomers, need to be re-engineered for a new generation that wants to ditch its cars and … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate | 102 Comments

Big price jumps on Long Island – Sustainable?

Posted on May 12, 2017 by grim

From Newsday: LI home prices jump in April as inventory plummets: MLS The number of homes listed for sale on Long Island plummeted last month, driving up prices as buyers competed for scarce listings, the Multiple Listing Service of Long … Continue reading →

Posted in Economics, National Real Estate, NYC | 117 Comments

Otteau April Update

Posted on April 29, 2017 by grim

From the Otteau Group: April MarketNEWS NJ Home Sales Continue to Exhibit Strength In March, the number of contract purchases by home buyers exceeded the same month in the prior year for the 31st consecutive month, reflecting a 10% increase … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate | 95 Comments