Category Archives: Economics

Shaping up to be the strongest year yet?

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

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

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?

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

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?

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

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

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?

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?

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?

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

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

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?

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

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