Category Archives: Demographics

I prefer the term over-asset’ed

Posted on September 18, 2023 by grim

From Fortune: House poor is back: ‘the new normal for the foreseeable future’ While many first-time home buyers struggle to afford a down payment on a house in today’s market, one of the long-term affordability issues centers on monthly payments … Continue reading →

Posted in Crisis, Demographics, Economics, Housing Bubble, Mortgages | 60 Comments

Tick Tick Tick

Posted on September 17, 2023 by grim

From NJ1015: NJ ADDS JOBS, UNEMPLOYMENT RATE EDGES UP New Jersey’s unemployment rate ticked up in August. The New Jersey Department of Labor and Workforce Development announced on Thursday that the number of jobs in the state grew by 12,300 … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 33 Comments

Blame the boomers!

Posted on September 15, 2023 by grim

From Fox: Why are home prices so expensive? Blame the boomers, Barclays says U.S. home prices across the country are surging even with the astronomical rise in mortgage rates, putting ownership out of reach for millions of Americans.  The spike … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 68 Comments

Sorry about your paycheck

Posted on September 13, 2023 by grim

From the WSJ: U.S. Incomes Fall for Third Straight Year Surging inflation gobbled up household income gains last year, making 2022 the third straight year in which Americans saw their living standards eroded by rising prices and pandemic disruptions. Americans’ inflation-adjusted … Continue reading →

Posted in Crisis, Demographics, Economics, Employment, National Real Estate | 57 Comments

NJ DOM on track to break new lows

Posted on September 12, 2023 by grim

From Redfin: New-Jersey Housing Market Overview

Posted in Demographics, Economics, Housing Bubble, New Jersey Real Estate | 78 Comments

Lazy millennials already gave up

Posted on September 8, 2023 by grim

From Redfin: Redfin Survey: 1 in 5 Millennial Respondents Believe They’ll Never Own a Home Nearly one of every five (18%) millennials and 12% of Gen Zers who replied to a recent housing survey believe they will never own a … Continue reading →

Posted in Crisis, Demographics, Economics, Employment, National Real Estate | 111 Comments

What happens to NYC rents now?

Posted on September 6, 2023 by grim

From the NYT: New York City’s Crackdown on Airbnb Is Starting. Here’s What to Expect. New York City officials on Tuesday are expected to start enforcing strict new regulations that limit residents’ ability to rent out homes through platforms like … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate, NYC | 159 Comments

Pay up or walk, suckers.

Posted on September 5, 2023 by grim

From the Star Ledger: Timing was key in sale of N.J. home for $205K over asking price Location may be the key word in real estate but, like anything else, timing can also make a difference. A house in Closter … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, New Jersey Real Estate | 63 Comments

Shrinkflation hits housing

Posted on August 27, 2023 by grim

From the Week: The answer to rising home prices: smaller homes With the prices of homes remaining stubbornly unaffordable, the number of available home listings shrinking, and record high mortgage rates, potential homebuyers are increasingly looking to newly constructed homes to fill … Continue reading →

Posted in Demographics, Economics, National Real Estate, New Development | 144 Comments

Welcome back old friend

Posted on August 23, 2023 by grim

From Fortune: Housing market affordability is worse now than at the height of the housing bubble in 2006 On Monday, the average 30-year fixed mortgage rate reached 7.48%, marking the highest level since the year 2000. Even prior to this recent surge … Continue reading →

Posted in Crisis, Demographics, Economics, Housing Bubble, Mortgages, National Real Estate | 123 Comments

Dark clouds ahead, or too much pessimism?

Posted on August 21, 2023 by grim

From ROI-NJ: Survey: Will N.J.’s economy remain as is or worsen by end of 2023? How about that economy? The answer may not be that good: 44% of 434 certified public accountants surveyed by the New Jersey Society of Certified Public … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 63 Comments

9.7% of North Jersey homes over a $1m

Posted on August 15, 2023 by grim

From Redfin: Nearly 1 in 10 U.S. Homes Are Worth at Least $1 Million, Close to All-Time High Just over 8% of U.S. homes are worth $1 million or more, near June 2022’s all-time high of 8.6%.  This analysis estimated … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 45 Comments

When will rates impact housing?

Posted on August 14, 2023 by grim

From HousingWire: Where are mortgage rates headed? ast week ended with a wild ride for mortgage rates. We anticipated the two inflation reports could help mortgage rates, however, we had a bad bond auction last Thursday, and the 10-year yield rose sharply. Weekly … Continue reading →

Posted in Demographics, Economics, Housing Bubble, Mortgages, National Real Estate | 61 Comments

Another day, another record

Posted on August 10, 2023 by grim

From CNBC: The average Manhattan rent just hit a new record of $5,588 a month Rents in Manhattan hit a new high in July, as higher interest rates and low supply continued to drive up prices. The average monthly rent … Continue reading →

Posted in Demographics, Economics, Employment, NYC | 40 Comments

Tipping Point

Posted on August 9, 2023 by grim

From MSN: The shrinking American home: As demand rises, builders go smaller “It’s pretty consistent nationally,” said Mikaela Arroyo, director of the New Home Trends Institute at John Burns Real Estate Consulting.  In an April report, JBREC surveyed 290 residential … Continue reading →

Posted in Demographics, National Real Estate, New Development, Where's the Beef? | 37 Comments