Category Archives: Demographics

Huh?

From the LA Times: Forget California exodus. New Jersey residents lead an influx back into the Golden State  After a half decade of Californians moving to places like Texas and Florida, an unlikely state has been supplying California with new … Continue reading

Posted in Demographics, Economics, National Real Estate, New Jersey Real Estate, Where's the Beef? | 9 Comments

All Hail Prince and Princess Snowflake

From the Guardian: Millennials on course to become ‘richest generation in history’ Millennials may have been portrayed as frivolous spenders squandering their income on overpriced coffees and online barre classes in the face of pitiful long-term finances – but they … Continue reading

Posted in Demographics, Economics, National Real Estate | 58 Comments

NYC may see it’s glory days again

Hat tip to 3b for the Fortune doom loop article: The ‘prophet of urban doom’ says New York City is in major trouble, and it’s just the first inning of the ballgame: ‘The cycle is out of control’ As nicknames … Continue reading

Posted in Crisis, Demographics, Economics, Employment, Housing Bubble, NYC | 101 Comments

What if rates don’t come down?

From Newsweek: Housing Market Update: Home Prices Reach Troubling Milestone Insufficient supply of homes in the market is pushing up prices, Wells Fargo economists said, making it tougher for Americans to afford a home amid elevated mortgage rates. The median sale … Continue reading

Posted in Demographics, Economics, Housing Bubble, Mortgages, National Real Estate | 46 Comments

Are we in the 80s again?

From Fortune: Say goodbye to the peak of home price appreciation, Fortune 500 chief economist says—it’s behind us Back to the ’80s Fleming has spoken with Fortune on several occasions about the comparison of today’s housing market to that of the 1980s. … Continue reading

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 67 Comments

Demographics driving housing

From Newsweek: How Millennials Are Shifting the Housing Market For a large number of millennials, the generation born between 1981 and 1996, the time to buy a home has never been quite right. Older millennials were not yet 30 when … Continue reading

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 111 Comments

Dying? Already dead.

From Fast Company: How the starter home became a dying American dream When 26-year old Memphis resident DeMario Johnson returns to his home after working a long day servicing waterwells for the local utility in Raleigh, North Carolina, he doesn’t … Continue reading

Posted in Crisis, Demographics, Economics, Housing Bubble, National Real Estate | 93 Comments

Free and Clear

From NJ.com: More than 1 in 3 N.J. homes now mortgage free in major home debt shift More than one-third of homes in New Jersey are mortgage free, mirroring national trends and reaching new highs, federal data shows. U.S. Census … Continue reading

Posted in Demographics, Economics, Mortgages, National Real Estate, New Jersey Real Estate | 37 Comments

37 NJ towns you can’t afford

From the Star Ledger: These 37 N.J. towns have home values of at least $1M. See latest statewide ranking. New Jersey’s home prices continued to steadily increase through the end of last year with typical home values of at least … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate | 100 Comments

NYC’s rent controlled time bomb

From Bloomberg: Why NYC Apartment Buildings Are on Sale Now for 50% Off Even in the crisp afternoon sunlight, the two-bedroom Manhattan apartment has a ghostly pallor, its cracked walls yellowing like an ancient black-and-white photograph. Paint chips are falling from … Continue reading

Posted in Crisis, Demographics, Economics, NYC, Politics, Price Reduced | 55 Comments

Short refi window closes

From CNBC: Mortgage rates jump back over 7% as stronger economic data rolls in The average rate on the popular 30-year fixed mortgage crossed over 7% on Monday for the first time since December, hitting 7.04%, according to Mortgage News Daily. … Continue reading

Posted in Demographics, Economics, Housing Bubble, Mortgages, National Real Estate | 111 Comments

Finally slowing?

From CNBC: Home prices began to cool in November after nine straight months of gains, S&P Case-Shiller says Home prices in November fell 0.2% from October, according to the S&P CoreLogic Case-Shiller national home price index. While that may not … Continue reading

Posted in Demographics, Economics, Housing Bubble, Mortgages, National Real Estate | 124 Comments

NJ second worst state to retire in

From WalletHub: Best and Worst States to Retire (2024) Many people fear that retirement will mark the end of their financial security, and others worry they might never actually get to retire. That’s understandable when 28% of non-retired adults haven’t saved any … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 90 Comments

Blame taxes for the inventory?

From CNN: Boomers are not moving out of their big homes. Here’s why After 33 years and four children, Baby Boomers Marta and Octavian Dragos say they feel trapped in what was once their dream home in El Cerrito, California. … Continue reading

Posted in Demographics, Economics, Housing Bubble, Politics, Property Taxes | 94 Comments

NJ Homes for $1

From Patch: $1 Homes For Sale In Newark; Public Lottery Will Mark Milestone Buy a house for a buck? That’s the dream that’s about to become reality for some lucky Newark families on Monday, when the city launches its first … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate, Politics | 64 Comments