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Category Archives: Demographics
Clifton #1
From US News and World Report: Best Places to Live in New Jersey in 2025-2026
Unemployment ticks up in NJ
From the NJBIA: NJ Unemployment Rate Rises to 4.8% New Jersey employers added 4,800 jobs in April, but the unemployment rate inched up to 4.8%, the highest it’s been in over three years, according to preliminary federal data released Thursday … Continue reading
Posted in Demographics, Economics, Employment, New Jersey Real Estate
60 Comments
Go West, but not too far west.
From CBS News: Here’s where it’s toughest for the middle class to find an affordable home Homeownership is considered a mainstay of the American dream, but a shortage of affordable homes is blocking that pathway for many middle-income families, according … Continue reading
Foreclosures ticking up (but still low)
From Realtor.com: 2 Southern States Lead the U.S. With the Highest Number of Foreclosures Foreclosures have continued to inch upward, signaling that homeowners are being squeezed by the high cost of homeownership. There were a total of 36,033 U.S. properties … Continue reading
Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate
92 Comments
Used houses get even more used
From Redfin: The Homes Americans are Buying are Older Than Ever The typical home bought in the U.S. hit a record age of 36 years in 2024. That’s nine years older than the median age of homes purchased in 2012, … Continue reading
Nearly half of non-homeowners aren’t considering buying
From Gallup: Housing Market Perceptions Dampen Homebuying Intentions Homeownership appears to be further out of reach for non-homeowners in the U.S. Two-thirds of these Americans report being priced out of the market, and the smallest percentage recorded in years say … Continue reading
Posted in Crisis, Demographics, Economics, Housing Bubble, National Real Estate
100 Comments
North Jersey market stats for April
From the Record: Is the housing market starting to rebalance? How NJ real estate performed in April Of New Jersey’s 21 counties, 13 had an increase in new listings compared with April 2024 and 15 counties had an increase in … Continue reading
Slowdown? Maybe not.
From the APP: NJ home prices: Here is what roiling stock market has done to spring 2025 home buying Home buyers continue to descend on the Jersey Shore, shrugging off high mortgage rates, a faltering stock market and economic uncertainty … Continue reading
Looking Gloomy
From the Dallas Fed: Growth continues in Texas manufacturing sector, but outlooks worsen Texas factory activity continued to rise in April, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state … Continue reading
Posted in Demographics, Economics, Employment, National Real Estate
136 Comments
Dear Mom & Dad…
From Business Insider: 5 years ago, only 85 US cities had starter homes that cost at least $1 million. Now there are 233. The typical price of a starter home was $1 million or higher in 233 US cities last month, a … Continue reading
Doh!
From the prestigious journal of economics and social commentary … Cracked: No Middle-Class Family Can Live Like ‘The Simpsons’ Anymore, Census Shows Over the past 36 seasons, The Simpsons has given us episodes about elaborate monorail scams, gun-toting babies and aliens from … Continue reading
Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate
87 Comments
$500k doesn’t get you paradise
From NJ1015: The price of paradise: New Jersey’s staggering housing market If you’ve been house-hunting lately in New Jersey, you probably didn’t need a national ranking to tell you it’s expensive. But just in case you were wondering, yep, we officially … Continue reading
NJ Loses Jobs in March
From NJBIA: NJ Hiring Slows in March as Jobless Rate Ticks Up to 4.7% New Jersey had a net loss of 2,700 jobs during the month of March and the state’s unemployment rate increased slightly to 4.7%, according to preliminary … Continue reading
Posted in Demographics, Economics, Employment, New Jersey Real Estate
95 Comments
Uh Oh…
From Zillow: Zillow Home Value and Home Sales Forecast (April 2025) Zillow’s latest forecast indicates a decline in home values coupled with an increase in existing home sales for 2025. While mortgage rates are in an especially unpredictable period, barring … Continue reading
Posted in Crisis, Demographics, Economics, Housing Bubble, National Real Estate
25 Comments
NJ economy softening?
From nj.com: Layoffs in N.J. double. More than 3,600 jobs are gone this year. New Jersey saw twice as many layoffs in the first quarter of 2025 than it did last year, even before tariff fears, according to federal labor statistics. There … Continue reading
Posted in Demographics, Economics, Employment, New Jersey Real Estate
135 Comments