Monthly Archives: April 2024

Single family as a luxury good

From Marketplace: Home prices have risen 423% in 40 years, fueling economic discontent  We’ve been dealing with high inflation in this economy over the last several years, with everything from groceries to new vehicles to construction supplies soaring in price. But for one item in particular — houses … Continue reading

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate | 139 Comments

Where does it stop?

From Patch: Home Prices Jumped 10 Percent This Year In These NJ Counties Atlantic Bergen Burlington Camden Cape May Cumberland Essex Gloucester Hudson Hunterdon Mercer Middlesex Monmouth Morris Ocean Passaic Salem Somerset Sussex Union Warren

Posted in Housing Bubble, New Jersey Real Estate | 119 Comments

Paterson Renaissance?

From the Record: The Great Falls are essential to Paterson’s economic and cultural future There aren’t many urban centers in America that have a waterfall a stone’s throw away from their downtown district. Well, part of Paterson’s point of difference … Continue reading

Posted in Demographics, Economics, New Development, New Jersey Real Estate | 187 Comments

Montclair #4 in the country

From Patch: NJ Town’s Real Estate Market Named One Of The Hottest In U.S.: Report Montclair is not only the hottest town in New Jersey for real estate, but the fourth hottest in the entire country, according to Realtor.com data … Continue reading

Posted in New Jersey Real Estate | 125 Comments

You can’t afford it

From Business Insider: A record 550 cities now have average home values above $1 million A record number of US cities have an average home value of more than $1 million — a sign that the housing market is becoming … Continue reading

Posted in Economics, Housing Bubble, National Real Estate | 48 Comments

Lazy men will destroy the housing market

From Yahoo Finance: The ‘growing crisis of the young American male’ could send home prices falling for years or even decades, says the ‘Oracle of Wall Street’ Meredith Whitney, deemed the “Oracle of Wall Street” for successfully calling the financial … Continue reading

Posted in Demographics, Economics, National Real Estate | 47 Comments

NJ led the Northeast in February

From Corelogic: CoreLogic: US Annual Home Price Growth Slows but Still Up by Over 5% in February U.S. annual home price growth remained mostly consistent with numbers seen since last fall in February but finally slowed as the residual impact … Continue reading

Posted in Housing Bubble, National Real Estate, New Jersey Real Estate | 30 Comments

A new era in NJ politics? Thanks Murphy!

From CNN: Federal court scraps New Jersey’s controversial ‘county line’ ballot design Voting rights advocates scored a major victory Friday in New Jersey when a federal judge struck down the use of a controversial primary ballot design that favored party-backed candidates. The … Continue reading

Posted in New Jersey Real Estate, Politics | 35 Comments

How much do you need? 2024 edition.

From Bankrate: Study: Americans need a six-figure salary to afford a typical home in nearly half of U.S. states A combination of high mortgage rates, rising home prices and low housing inventory over the last two years is pushing homeownership further … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate, New Jersey Real Estate | 51 Comments