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Monthly Archives: October 2019
August Case Shiller
From CNBC: Home price gains heat up in August but slow in major markets, S&P Case-Shiller index says Home prices are heating up again on a national level, but some of the largest cities are lagging. That may be due … Continue reading
High end not so dead?
From Forbes: Hamptons Home Prices On The Rise Again After Two Years Of Declines Home prices in the Hamptons, the summer playground of Wall Street titans and Hollywood celebrities, are on the rise again after almost two years of declines. … Continue reading
Posted in Economics, National Real Estate
24 Comments
Great market! Everywhere but here.
From Forbes: Home Prices Jump In 95% Of Cities, Reaching Record High Home prices have hit a new high. According to stats from ATTOM Data Solutions, median home prices jumped 2.9% over the third quarter of 2019 and 8.2% since … Continue reading
September Existing Home Sales
From Reuters: U.S. existing home sales drop more than expected in September U.S. home sales fell more than expected in September as the market continues to struggle with a dearth of properties for sale, especially for cheaper homes. The National … Continue reading
Posted in Demographics, Economics, National Real Estate
37 Comments
Get with the times NJ
From CNBC: Backyard bungalows are becoming big business for homeowners and builders They’re not just she-sheds or he-sheds or granny pods or tiny homes. The latest housing trend in the backyard is now front and center for a new breed … Continue reading
Posted in Demographics, Economics, National Real Estate, New Development
89 Comments
The Trump Effect
From CNBC: Robert Shiller: Recession likely years away due to bullish Trump effect Nobel-prize winning economist Robert Shiller believes a recession may be years away due to a bullish Trump effect in the market. According to the Yale University professor, … Continue reading
Posted in Economics, Employment, National Real Estate, Politics
15 Comments
NJ UE 3.1%
From NJBIZ: NJ unemployment dips again in September While job levels remained relatively unchanged, the state’s unemployment rate continued its downward trend for the sixth month in a row. September’s 3.1 percent rate marked a 0.1 percentage point drop – … Continue reading
Posted in Economics, Employment, New Jersey Real Estate
27 Comments
Housing a bright spot
From Housingwire: Federal Reserve report cites “rebounded” housing market The housing market was the bright spot in the Federal Reserve’s monthly economic snapshot released on Tuesday. While consumer spending “softened,” business equipment spending was “sluggish,” and payroll growth has been “moderate,” … Continue reading
Posted in Demographics, Economics, Employment, National Real Estate
117 Comments
Hey New Jersey – Trump didn’t do anything to your home values
From Patch: Don’t Blame Trump Tax Cuts For Essex County Home Values: Opinion Is President Donald Trump responsible for home values in Essex County? Point the finger somewhere else, some local residents say. Recently, ProPublica and Fortune released a list … Continue reading
Posted in Demographics, Economics, Employment, Humor, New Jersey Real Estate
124 Comments
Mortgage company CEO wants tax break so he can write more mortgages
From Marketwatch: Opinion: This tax break for first-time home buyers could keep the housing market afloat It’s not easy being a home buyer these days. U.S. home prices are high, housing inventory is low, and consumer sentiment is wobbling. A federal … Continue reading
Poverty falls in NJ
From NJ Spotlight: Poverty in New Jersey in 2018 by County The percentage of New Jerseyans living in poverty last year dropped below 10% for the first time this decade, although the proportion of the state’s residents who are considered … Continue reading
Posted in Demographics, Economics, Employment, New Jersey Real Estate
86 Comments
Hey New Jersey – Here’s what Trump did to your home values
From ProPublica: Trump’s Trillion-Dollar Hit to Homeowners
Will rent control work in Cali?
From HousingWire: California enacts statewide rent control During a ceremony Tuesday at a senior citizen center in Oakland, California, Gov. Gavin Newsom signed a statewide law that controls how much landlords can charge for rent. Starting in 2020, the law caps annual … Continue reading
Posted in Economics, National Real Estate, New Development
87 Comments
Housing optimism dips, but still very high
From Yahoo Finance: US housing market optimism slides Optimism about the U.S. housing market may have peaked after hitting its all-time high in August, according to a measure of consumer sentiment. The Fannie Mae Home Purchase Sentiment Index slid 2.3 points … Continue reading
Not time to drop?
From HousingWire: CoreLogic says U.S. home-price gains will accelerate through 2020 CoreLogic Chief Economist Frank Nothaft said the pace of home-price gains will quicken over the next 12 months as low mortgage rates give buyers the ability to pay more … Continue reading
Posted in Economics, Employment, Housing Bubble, National Real Estate
81 Comments