Category Archives: Economics

Blame it on the parents

Posted on March 14, 2019 by grim

From CNBC: Here’s how many millennials got money from their parents to buy their homes Millennials aren’t buying homes like their parents and grandparents did. That’s largely because it’s harder to afford a house these days: high real estate prices, stagnant wages and student … Continue reading →

Posted in Demographics, Economics, National Real Estate | 168 Comments

Crisis officially over?

Posted on March 13, 2019 by grim

From Inman: Delinquency rates fall to pre-housing crisis levels: CoreLogic The number of homeowners failing to make mortgage payments has dipped to levels unseen since before the 2008 housing crisis. Nationwide, only 4.1 percent of homeowners were delinquent on their mortgage in December, … Continue reading →

Posted in Economics, Foreclosures, Mortgages, National Real Estate, Risky Lending | 61 Comments

Shore Uprising

Posted on March 12, 2019 by grim

From the NYT: ‘Airbnb Tax’ in N.J. Opens New Front in Battle Over Internet Economy The Jersey Shore, a storied summer vacation spot, has become the newest national battleground over regulating and taxing the internet economy. New Jersey is one … Continue reading →

Posted in Demographics, Economics, Politics, Shore Real Estate | 78 Comments

Our own little Disney

Posted on March 11, 2019 by grim

From the Star Ledger: Inside the N.J. town where retail spending beats Hollywood and tourism rivals Disney Name any brand, and it probably has at least one location in Paramus — some have two or three. At a time when … Continue reading →

Posted in Economics, New Development, New Jersey Real Estate | 50 Comments

Fiscal … Death … Spiral

Posted on March 9, 2019 by grim

From the Star Ledger: N.J. is in a ‘fiscal death spiral’ and Murphy call for new tax on millionaires isn’t the answer, top Democrat says  New Jersey’s Democratic state Senate president, who is steadfastly opposed to the Democratic governor’s call … Continue reading →

Posted in Economics, New Jersey Real Estate, Politics | 17 Comments

Going up again?

Posted on March 7, 2019 by grim

From CNBC: Home prices could be on the verge of heating up again, according to CoreLogic Home prices in January rose at the slowest pace in nearly seven years, but buyers shouldn’t feel too confident just yet. Prices might be … Continue reading →

Posted in Demographics, Economics, Employment, Housing Recovery, National Real Estate | 171 Comments

Minimum wages up – Property taxes up

Posted on March 5, 2019 by grim

Oh, you’ll find a way. From NJTV: How will NJ’s new $15 minimum wage affect local governments? Middletown has a population of 66,000. The Monmouth County city has horse farms, the beach and Big Mike’s Little Red Store. Middletown Mayor … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate, Politics, Property Taxes | 68 Comments

Single women second largest group of homebuyers

Posted on March 4, 2019 by grim

From the Press of Atlantic City: In New Jersey, more single women are buying homes. Here’s why Angela Cottrill likes having control over the place where she lives. The single hairstylist wanted the investment of owning a condo, so she … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate | 38 Comments

Still rising?

Posted on February 28, 2019 by grim

From CNBC: Home prices in December rose at the slowest pace since August 2015: S&P Case-Shiller index Homebuyers have a limit to what they can afford, and sellers are slowly having to adjust to that new reality. Home prices increased … Continue reading →

Posted in Demographics, Economics, National Real Estate | 70 Comments

Millennials take the market

Posted on February 25, 2019 by grim

From HousingWire: Millennials have officially entered the housing market It’s long been projected that Millennials are destined to dominate the housing market in upcoming years. Now, new data from Realtor.com reveals that it’s finally happening. Millennials are buying houses. Lots of them. According to Realtor.com, in January … Continue reading →

Posted in Demographics, Economics, Employment, National Real Estate | 154 Comments

Did we elect the wrong guy?

Posted on February 24, 2019 by grim

From the Star Ledger: Steve Sweeney’s winning the war with Governor Murphy over taxes Last June we had a fight on taxes in the state budget. On one side was Gov. Phil Murphy. He wanted to raise the income tax … Continue reading →

Posted in Economics, New Jersey Real Estate, Politics | 21 Comments

In the old days, we’d have had a rebellion

Posted on February 23, 2019 by grim

No worries people, Murphy is on the job. He’s mad and he’s making phone calls. From the Star Ledger: ‘This is a big deal’: Murphy joins growing effort to restore your property tax deduction They’ve gone to court. They’ve spoken … Continue reading →

Posted in Economics, Politics, Property Taxes | 12 Comments

Stop making sense

Posted on February 18, 2019 by grim

From the APP: Making NJ competitive will do more than $15 minimum wage New Jersey routinely places at or near the bottom in almost every economic analysis of states in America. It’s one of the worst places in the country … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate, Politics | 21 Comments

Uh oh.

Posted on February 15, 2019 by grim

From the Star Ledger: N.J. revenues continue to slump, and Trump tax reforms are blamed New Jersey’s state budget is really feeling the effects of the federal tax reform hangover now. Last month, Gov. Phil Murphy’s administration warned tax revenues were … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate, Politics, Property Taxes | 105 Comments

No deals in 2019

Posted on February 14, 2019 by grim

From CNBC: Here’s why the housing market, while still risky, won’t be all bad for buyers in 2019 With spring on the way, many home buyers are starting their hunt for a new home. But with the housing market in … Continue reading →

Posted in Demographics, Economics, National Real Estate | 99 Comments