Monthly Archives: July 2014

No (where to) sleep till in Brooklyn

Posted on July 12, 2014 by grim

From the Daily News: Brooklyn or bust! Thin inventory and hot demand send home prices to new record high Soon enough, no one will be able to afford Brooklyn. A lack of inventory coupled with strong demand sent the average … Continue reading →

Posted in Demographics, Economics, Housing Recovery, NYC | 32 Comments

A million dollars a job subsidy, nothing to see here, move on.

Posted on July 11, 2014 by grim

From the Star Ledger: N.J. gives $260 million tax break to energy company with political ties New Jersey officials today approved a $260 million package of tax credits — the third-largest economic subsidy in state history — for a nuclear-energy … Continue reading →

Posted in Demographics, Economics, Politics | 119 Comments

Wage Home Price Disconnect?

Posted on July 10, 2014 by grim

From HousingWire: Is wage stagnation keeping homebuyers away? Perhaps the reason buyers are staying away from the housing market is because they simply can’t afford it. At least, that’s what one report suggests. In Trulia’s Price Monitor for June, Trulia’s … Continue reading →

Posted in Demographics, Economics, Housing Recovery | 168 Comments

NJ continues to lead nation in foreclosures

Posted on July 9, 2014 by grim

From MarketWatch: 5 states with the most (and fewest) foreclosures There were 47,000 completed foreclosures nationally in May, down from 52,000 a year ago, which is a drop of 9.4%. But if you look at the month-over-month numbers from just … Continue reading →

Posted in Foreclosures, New Jersey Real Estate | 109 Comments

Bad Vibes

Posted on July 8, 2014 by grim

From CNN/Money: Housing market is a ‘crapshoot’ The housing market is a “crapshoot” now, according to one of America’s leading real estate experts. Karl “Chip” Case is an economist whose name is synonymous with home prices. He is co-creator of … Continue reading →

Posted in Demographics, Economics, Employment, Housing Recovery | 68 Comments

Living at home? Not quite.

Posted on July 6, 2014 by grim

From the Atlantic: The Misguided Freakout About Basement-Dwelling Millennials More than ever, young people are living in their parents’ basements. You’ve surely heard that one before. The Washington Post, the New York Times, the New Republic, Salon, and others have … Continue reading →

Posted in Demographics | 35 Comments

It ain’t the debt

Posted on July 5, 2014 by grim

From the NYT: College Debt and Home Buying Swelling student loan debt is commonly cited as a primary factor in the declining homeownership rate among 25- to 34-year-olds. But are the two really related? While homeownership is down nationally since … Continue reading →

Posted in Demographics, Economics, Employment, Housing Recovery | 21 Comments

Are the experts right or wrong?

Posted on July 3, 2014 by grim

From the Star Ledger: NJ housing crisis: 8 key takeaways from live chat with experts 1) “New Jersey has quite a bit of affordable housing, but number one, not enough, and not necessarily in the right places.” The overwhelming majority … Continue reading →

Posted in Demographics, Housing Recovery, New Development, New Jersey Real Estate | 74 Comments

Where’s the Beef Risk?

Posted on July 2, 2014 by grim

From Bloomberg: The Riskiest Housing Markets in the U.S. 20. Minneapolis – St. Paul, Minnesota Risk of loss: 18.8%

 Worst year: -10.1% (July 2010 – June 2011)
 Best year: 13% (July 1999 – June 2000) 
Average annual gain: 3.5% Zillow … Continue reading →

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

Home price growth to slow towards year end

Posted on July 1, 2014 by grim

From HousingWire: Clear Capital: 0.9% growth the new normal for rest of 2014 Clear Capital’s midyear market report card says the industry needs to get used to less than 1% housing growth for the remainder of 2014. That said, all … Continue reading →

Posted in Demographics, Economics, Employment, Housing Recovery | 55 Comments