Monthly Archives: December 2016

Lock them in their parents basement

Posted on December 12, 2016 by grim

from NJ101.5: How can NJ stop young adults from fleeing the state? As we wind down the end of 2016 and get set to ring in a brand new year, New Jersey faces a number of significant challenges. The state’s … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate | 110 Comments

So much for Bergen…

Posted on December 10, 2016 by grim

From the Star Ledger: Less income and cheaper homes: How Bergen County has changed in a decade Bergen County residents are earning less, spending more time commuting to work and have seen their homes continue decrease in value – a … Continue reading →

Posted in Demographics, Economics, Employment, North Jersey Real Estate | 50 Comments

Fewer and fewer underwater owners

Posted on December 9, 2016 by grim

From National Mortgage News: Homeowner’s Equity Rises 11% from 2015 Levels: CoreLogic The amount of equity homeowners hold grew by $726 billion, or 10.8%, in the third quarter of 2016 versus the year before, according to data from CoreLogic. On … Continue reading →

Posted in Economics, Housing Recovery, Mortgages, National Real Estate | 33 Comments

October home prices tick up nationally

Posted on December 7, 2016 by grim

From Housingwire: Corelogic: Home prices continue upward climb in October Home prices continued their upward trend in October, and are forecasted to continue rising into next month and next year, according to the Home Price Index and HPI Forecast by … Continue reading →

Posted in Economics, National Real Estate | 167 Comments

Year of the Millennial?

Posted on December 5, 2016 by grim

From Reuters: Data Dive: Will 2017 be the year millennials buy houses? Millennials have been the largest demographic group since 2015, but they have not been pulling their weight in buying homes. And that’s put a big crimp on the … Continue reading →

Posted in Demographics, Economics, National Real Estate | 88 Comments

Again … foreclosure isn’t the problem, it’s the solution.

Posted on December 4, 2016 by grim

From the Philly Inquirer: The foreclosure nightmare continues in New Jersey The neighborhood’s zombie has, at long last, made it through foreclosure and is on the market. A quick tour of the house, which was vacant for nearly 30 months, … Continue reading →

Posted in Foreclosures, New Jersey Real Estate, South Jersey Real Estate | 18 Comments

An affordable place in NJ?

Posted on December 3, 2016 by grim

From the Press of Atlantic City: Lower cost of living may be driving population migration to Cumberland County Robert Bruni’s dream of buying a house and owning a burger joint or deli fell victim to what he said was the … Continue reading →

Posted in Demographics, Economics, South Jersey Real Estate | 47 Comments

NYC Over-Gentrified?

Posted on December 2, 2016 by grim

From Business Insider: The Fed confirmed some of the most troubling trends in Manhattan real estate The Federal Reserve on Wednesday supported recent data showing some worrying trends in parts of Manhattan’s real-estate market. The Beige Book compiled anecdotes from … Continue reading →

Posted in Economics, NYC | 90 Comments

Pending Home Sales slow in October

Posted on December 1, 2016 by grim

From the WSJ: U.S. Pending Home Sales Edged Higher in October The number of homes that went under contract inched higher in October, a sign the housing market could be plateauing in the final months of the year. The National … Continue reading →

Posted in Economics, National Real Estate | 129 Comments