Category Archives: Economics

No housing crisis yet…

Posted on November 23, 2019 by grim

From MarketWatch: Existing-home sales rebound 1.9% in October as low mortgage rates continue to provide a lift Sales of previously-owned homes rose 1.9% in October — the latest housing statistic to demonstrate the upward lift low mortgage rates have provided … Continue reading →

Posted in Demographics, Economics, Housing Recovery, National Real Estate | 77 Comments

How low can inventory go?

Posted on November 21, 2019 by grim

From HousingWire: U.S. housing market experiences largest inventory decline since 2018 In October, America’s home sales rose by 3.9%, marking the fourth month of the past six to post a year-over-year increase in sales, according to the RE/MAX National Housing Report. “October … Continue reading →

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

NJ adds jobs in Oct – unemployment up to 3.2

Posted on November 17, 2019 by grim

From InsiderNJ: NJDOL: New Jersey Payrolls Grow in October Hiring by New Jersey employers picked up in October while New Jersey’s unemployment rate edged higher for the month, according to estimates produced by the U.S. Bureau of Labor Statistics. Total … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 76 Comments

Pay up suckers

Posted on November 11, 2019 by grim

From HousingWire: Are homes under $250,000 nearing extinction? A recent report by economic research consultancy Capital Economics shared a stunning statistic: The number of vacant single-family homes for sale priced under $250,000 has halved since 2012. According to the report, at the … Continue reading →

Posted in Demographics, Economics, Housing Recovery, National Real Estate | 154 Comments

So Much For Reurbanization

Posted on November 6, 2019 by grim

From Forbes: Millennials With Families Are Leaving Major Cities For The Suburbs, Transforming Them Into ‘Hipsturbia’  Just as their parents flocked to the suburbs, city-loving Millennials are doing the same yet transitioning some areas to “Hipsturbia,” a phrase revealed in … Continue reading →

Posted in Demographics, Economics, Housing Recovery, National Real Estate, New Development | 67 Comments

Will they buy?

Posted on November 3, 2019 by grim

From HousingWire: The homebuyers are coming. The homebuyers are coming A flood of first-time homebuyers is about to hit the market over the next three years, according to newly released analysis from TransUnion.  TransUnion is currently projecting that at least 8.3 … Continue reading →

Posted in Demographics, Economics, Housing Recovery, National Real Estate | 83 Comments

Slay the Zombies

Posted on November 1, 2019 by grim

From HousingWire: ATTOM: Zombie foreclosures are ticking down The amount of vacant homes in the U.S. continues to sit at a lull, slowly ticking down, according to a new data set from ATTOM Data Solutions.  In the fourth quarter of 2019, … Continue reading →

Posted in Economics, Foreclosures, Housing Recovery, National Real Estate | 95 Comments

August Case Shiller

Posted on October 30, 2019 by grim

From CNBC: Home price gains heat up in August but slow in major markets, S&P Case-Shiller index says Home prices are heating up again on a national level, but some of the largest cities are lagging. That may be due … Continue reading →

Posted in Demographics, Economics, Housing Bubble, Housing Recovery, National Real Estate | 65 Comments

High end not so dead?

Posted on October 29, 2019 by grim

From Forbes: Hamptons Home Prices On The Rise Again After Two Years Of Declines  Home prices in the Hamptons, the summer playground of Wall Street titans and Hollywood celebrities, are on the rise again after almost two years of declines.  … Continue reading →

Posted in Economics, National Real Estate | 24 Comments

Great market! Everywhere but here.

Posted on October 26, 2019 by grim

From Forbes: Home Prices Jump In 95% Of Cities, Reaching Record High  Home prices have hit a new high. According to stats from ATTOM Data Solutions, median home prices jumped 2.9% over the third quarter of 2019 and 8.2% since … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate, New Jersey Real Estate | 26 Comments

September Existing Home Sales

Posted on October 24, 2019 by grim

From Reuters: U.S. existing home sales drop more than expected in September U.S. home sales fell more than expected in September as the market continues to struggle with a dearth of properties for sale, especially for cheaper homes. The National … Continue reading →

Posted in Demographics, Economics, National Real Estate | 37 Comments

Get with the times NJ

Posted on October 22, 2019 by grim

From CNBC: Backyard bungalows are becoming big business for homeowners and builders They’re not just she-sheds or he-sheds or granny pods or tiny homes. The latest housing trend in the backyard is now front and center for a new breed … Continue reading →

Posted in Demographics, Economics, National Real Estate, New Development | 89 Comments

The Trump Effect

Posted on October 21, 2019 by grim

From CNBC: Robert Shiller: Recession likely years away due to bullish Trump effect Nobel-prize winning economist Robert Shiller believes a recession may be years away due to a bullish Trump effect in the market. According to the Yale University professor, … Continue reading →

Posted in Economics, Employment, National Real Estate, Politics | 15 Comments

NJ UE 3.1%

Posted on October 19, 2019 by grim

From NJBIZ: NJ unemployment dips again in September While job levels remained relatively unchanged, the state’s unemployment rate continued its downward trend for the sixth month in a row. September’s 3.1 percent rate marked a 0.1 percentage point drop – … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate | 27 Comments

Housing a bright spot

Posted on October 17, 2019 by grim

From Housingwire: Federal Reserve report cites “rebounded” housing market The housing market was the bright spot in the Federal Reserve’s monthly economic snapshot released on Tuesday. While consumer spending “softened,” business equipment spending was “sluggish,” and payroll growth has been “moderate,” … Continue reading →

Posted in Demographics, Economics, Employment, National Real Estate | 117 Comments