Category Archives: Economics

Are mortgages finally back to a solid level?

Posted on May 10, 2018 by grim

From National Mortgage News: Mortgage delinquency rates down annually, a sign of a healthy economy Despite an especially strong hurricane season last year, the national mortgage delinquency rate fell on an annual basis, signaling a healthier economy, according to CoreLogic’s … Continue reading →

Posted in Economics, Foreclosures, Mortgages, National Real Estate | 156 Comments

Feeling Hot Hot Hot

Posted on May 7, 2018 by grim

From MarketWatch: Americans haven’t been this optimistic about house prices since just before the crash House prices are soaring and, despite warnings from some analysts, most Americans believe they will continue to soar. A majority of U.S. adults (64%) continue … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 75 Comments

At least someone wants to be here

Posted on May 4, 2018 by grim

From the WSJ: New Jersey Landlords Can’t Keep Up With Demand For Industrial Space Industrial space in New Jersey is so hot that lease deals are drying up. Across the state, which has become a major logistics hub for online … Continue reading →

Posted in Economics, New Development, New Jersey Real Estate | 110 Comments

How high can it go?

Posted on May 2, 2018 by grim

From CNBC: March home prices make their biggest jump in 4 years—and half of the biggest housing markets are now overvalued Home prices have been rising steadily since the recession, but the gains are suddenly accelerating as spring demand heats … Continue reading →

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

Has Newark made it?

Posted on May 1, 2018 by grim

From Bloomberg: A $1 Billion Real Estate Boost for Battered Newark SJP Properties and Aetna Realty are planning to spend as much as $1 billion on a project beside a Newark, New Jersey, commuter-rail hub, the latest in a spree … Continue reading →

Posted in Economics, Employment, New Development, New Jersey Real Estate | 63 Comments

Looks pretty gloomy out there

Posted on April 28, 2018 by grim

From the Observer: NJ Politics Digest: Another Grim Take on the State’s Economic Outlook Yikes, the economic outlook in New Jersey is pretty grim—and it’s not going to get any better. While that might be the gut feeling of many … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate | 81 Comments

…and still little new housing

Posted on April 23, 2018 by grim

From CNBC: Home prices just took the biggest jump in four years Homebuyers, hold onto your wallets. The gains in home prices are getting bigger as the supply of homes for sale gets leaner. The median price of a home … Continue reading →

Posted in Demographics, Economics, Housing Recovery, National Real Estate | 35 Comments

Out with retail, in with industrial

Posted on April 21, 2018 by grim

From Real Estate Weekly: Developers struggling to meet demand for New Jersey industrial space New Jersey can’t keep up with demand for industrial space, according to Duke Realty leasing vice president Ben Rosen. “There are no buildings available under 300,000 … Continue reading →

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

Your parents had it easy

Posted on April 18, 2018 by grim

From CNBC:

Posted in Demographics, Economics | 103 Comments

No surprises here, big money stays in Manhattan

Posted on April 13, 2018 by grim

From Bloomberg: New York City’s Top Earners Still Choose Manhattan Over Brooklyn Brooklyn may claim the popularity contest, but Manhattan’s still home to the city’s highest earners. That’s the upshot from a Bloomberg analysis of household earnings by zip code, … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate, NYC | 131 Comments

NJ wages up 4%

Posted on April 12, 2018 by grim

From the Star Ledger: N.J. workers are earning more $$$ but it’s not all good news New Jersey workers now have a few more bucks in their pocket. The average hourly earnings of New Jersey employees in the private sector … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 81 Comments

Foreclosures spike in NYC?

Posted on April 9, 2018 by grim

From The Real Deal: New York City foreclosures are back to financial crisis levels The number of foreclosures in the city continued to climb this year, with Staten Island and Brooklyn seeing the largest upticks in scheduled auctions. In the … Continue reading →

Posted in Economics, Foreclosures, NYC | 84 Comments

You don’t get a house just for showing up…

Posted on April 6, 2018 by grim

From USA Today: Home buying market so brutal, some home buyers make offer sight unseen This spring home-buying season should be a coming-out party for Millennials, many of whom are finally ready to make a purchase after hunkering down for … Continue reading →

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

Get in line with the rest of us

Posted on April 4, 2018 by grim

From NJBIZ: Survey: Millennials want more jobs, cheaper housing Millennials in New Jersey want lower taxes, increased job opportunities, affordable housing and improved, cheaper mass transit in order to stay in the state. According to a survey of 975 state … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate | 103 Comments

Uh Oh

Posted on April 3, 2018 by grim

From Bloomberg: Manhattan Home Sales Tumble Most Since 2009 as Buyers Push Back Home sales in Manhattan plunged by the most since the recession as buyers at all price levels drove hard bargains and were in no rush to close … Continue reading →

Posted in Economics, Housing Recovery, New Development, NYC | 134 Comments