Category Archives: Economics

NJ economic growth at 18 year high

From Bloomberg: New Jersey’s Economy Gains, Still Lags New York: NY Fed Data The Garden State is growing. New Jersey’s economy accelerated at the fastest pace in almost 18 years though it lags neighboring New York state as it has … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate | 90 Comments

More like “Land of the Lost”

From ROI-NJ: Murphy tells ROI: ‘We’re the land that time forgot here in terms of the development of this economy’ Following in the footsteps of the president under whom he served, Gov. Phil Murphy is trying to bring an innovation … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate, Politics | 72 Comments

Sky is the limit for NJ … taxes

From the Record: Analysis: NJ economic growth won’t sustain Murphy’s agenda, adding pressure to raise taxes Fresh off striking a budget deal that included $1.6 billion in new taxes, Gov. Phil Murphy said he was banking on strong economic growth … Continue reading

Posted in Economics, New Jersey Real Estate, Politics | 36 Comments

Good thing the rich are rich

From CNBC: The $1 billion price cut: Luxury real estate gets slashed The most expensive real-estate in America just became a little less expensive — with $1 billion in price cuts among America’s top listings over the past few months, … Continue reading

Posted in Demographics, Economics, National Real Estate | 16 Comments

Price growth slows. Pause or Dip?

From CNBC: Home price gains slow down in June: S&P Case-Shiller Homebuyers are pulling back, and prices are finally following. Home prices are still rising, but the gains are shrinking. In June, prices nationally rose 6.2 percent year over year, … Continue reading

Posted in Demographics, Economics, Housing Recovery, National Real Estate | 74 Comments

The Slump

From MarketWatch: Pending home sales stumble as housing market momentum wanes The numbers: Pending-home sales declined 0.7% in July, the National Association of Realtors said Wednesday. What happened: NAR’s index, which tracks real-estate transactions in which a contract has been … Continue reading

Posted in Economics, Housing Recovery, National Real Estate | 90 Comments

August Otteau Report

From Otteau Group: MarketNEWS August 2018 Edition The number of home purchase contracts in New Jersey increased by 4% during July compared to the same month last year. There has however been a noticeable change in the mood of the … Continue reading

Posted in Economics, New Jersey Real Estate | 49 Comments

Someone is still investing in NJ

From ROI-NJ: Angel investors put nearly $39M into N.J. economy in first half of 2018 The New Jersey Economic Development Authority has approved 60 Angel Investor Tax Credit program applications this year, helping to put nearly $39 million into 20 … Continue reading

Posted in Economics, New Jersey Real Estate | 31 Comments

Plenty of room to run?

From CNBC: The housing recovery isn’t over, it just feels like it is A slew of negative housing numbers for July are piling up on top of a slew of negative housing numbers from the last several months. Sales of … Continue reading

Posted in Demographics, Economics, Employment, Foreclosures, Housing Recovery, National Real Estate | 50 Comments

Good month for jobs in NJ

From the APP: NJ job market surges in July; here are 3 places hiring It’s a good time to go job hunting in the Garden State. The New Jersey economy added thousands of jobs in July, and the state’s unemployment … Continue reading

Posted in Economics, Employment, New Jersey Real Estate | 112 Comments

Urbanization, but only at the right price

From USA Today: Home prices: Even midsize cities are getting pricey, leading some buyers to smaller markets A couple of years ago, freshly-minted college graduates Jon and Samantha Reidy crisscrossed North Carolina in search of a place to settle and … Continue reading

Posted in Demographics, Economics, National Real Estate | 45 Comments

Rise of Gen Z

From Bloomberg: Gen Z Is Set to Outnumber Millennials Within a Year Millennials are about to be surpassed by Generation Z. Gen Z will comprise 32 percent of the global population of 7.7 billion in 2019, nudging ahead of millennials, … Continue reading

Posted in Demographics, Economics, National Real Estate | 65 Comments

Price Reduced!

From HousingWire: Is housing becoming a buyer’s market? Home sellers have begun cutting back their listing price, especially at the high end of the housing market, leaving open the possibility that it is now beginning to shift to a buyer’s … Continue reading

Posted in Economics, National Real Estate, Price Reduced | 44 Comments

City of the Future?

First time Outdoor magazine made it to the front page, great great piece: Affordable Housing Is the Key to a Thriving City Almost as long as there have been cities, there have been efforts to revamp their downtowns. But philosophies … Continue reading

Posted in Demographics, Economics, New Development, New Jersey Real Estate | 57 Comments

Owners staying put is causing the inventory crunch

From HousingWire: First-time homebuyers dominate mortgage market First-time homebuyers may be facing rising affordability issues, but they are still outpacing the share of repeat buyers in the housing market, according to the latest report from the Urban Institute. This is … Continue reading

Posted in Economics, Housing Bubble, Housing Recovery, National Real Estate | 28 Comments