Category Archives: Demographics

Where NJ makes it’s money

Posted on November 20, 2023 by grim

From Statista: Real value added to the gross domestic product of New Jersey in the United States in 2022, by industry 

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 71 Comments

Free and Clear

Posted on November 18, 2023 by grim

From Daily Mail: Mortgage-free America! Share of US homes owned outright rises to an all-time high thanks to ageing boomers paying off their record-low deals The share of US homes that are owned outright has increased by 5 percent over … Continue reading →

Posted in Demographics, Economics, National Real Estate | 23 Comments

Somebody’s not happy

Posted on November 17, 2023 by grim

From the NYT: The Fed Has Put Our Housing Market in Jeopardy The Federal Reserve’s relentless attack on inflation is jeopardizing our housing market. The resulting damage is not only having an impact on a critical engine of economic growth … Continue reading →

Posted in Crisis, Demographics, Economics, Housing Bubble, Mortgages, National Real Estate | 75 Comments

Tech’s outsized impact on real estate speculation

Posted on November 16, 2023 by grim

From Realtor.com: Reassessing the ‘Amazon Effect’ on Home Prices in One U.S. Metro Area Seattle-based Amazon’s announcement that it would be building a second headquarters in Northern Virginia boosted home prices and sales, albeit temporarily, according to a new report. … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate | 43 Comments

Alpine back on top

Posted on November 14, 2023 by grim

From NJ.com: These 5 N.J. zip codes are among the priciest in the country A record five New Jersey zip codes made the list of the top 100 priciest places to buy a home in the U.S., according to an … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate | 86 Comments

Least affordable … ever?

Posted on November 12, 2023 by grim

From Black Knight: From the NAHB: Rising Mortgage Rates Push Housing Affordability to Lowest Level in Index History Rising mortgage rates, elevated construction costs and limited existing inventory helped push housing affordability in the third quarter of 2023 to its … Continue reading →

Posted in Crisis, Demographics, Economics, Housing Bubble, National Real Estate | 73 Comments

No end to price increases?

Posted on November 4, 2023 by grim

From Zillow: Home prices could spike nearly 5% in 2024: Zillow Anticipating mortgage rates to remain elevated and new home listings to slightly rise in the coming months, some experts predict home prices would increase 4.9% from August 2023 through … Continue reading →

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

The best doesn’t come cheap

Posted on October 30, 2023 by grim

From Travel+Leisure: 10 Best Places to Live in New Jersey, According to Local Real Estate Experts Recreational and economic opportunities play a major role in choosing where to settle down. As one of the most business-friendly states in the nation, New Jersey’s economy … Continue reading →

Posted in Demographics, New Jersey Real Estate | 38 Comments

Sorry kids, the boomers aren’t leaving what you thought they were.

Posted on October 29, 2023 by grim

Great piece from Insider: The myth of the Great Boomer Wealth Transfer When my husband’s grandmother turned 87, our family realized it was time for us to take over her affairs. Grandma Sue was ailing and recently widowed, so we decided that … Continue reading →

Posted in Demographics, Economics, National Real Estate, Where's the Beef? | 17 Comments

Home offices spur office homes

Posted on October 27, 2023 by grim

Fun collection of stories this morning: Why turning offices into homes is a terrible idea City of Ottawa looking at ways to make office-to-residential conversions easier Conversion of vacant London offices could deliver 28,000 homes to the UK capital These … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate, New Development | 112 Comments

Congratulations, you are rich.

Posted on October 24, 2023 by grim

From the Manhattan Institute: Economics Newsletter: Fed Survey Shows Widened Inequality as Stock and Home Prices Rise Last week, The Fed released its tri-annual Survey of Consumer Finances, a survey that offers a detailed look into American household finances. It shows … Continue reading →

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

Going where the cheaper homes are

Posted on October 15, 2023 by grim

From Insider: Locals are being priced out of Texas and Florida. Here’s where they’re looking for affordable homes instead.  As people across the US relocate to Florida and Texas, locals are feeling squeezed — and searching elsewhere for affordable homes. … Continue reading →

Posted in Crisis, Demographics, Economics, Housing Bubble, National Real Estate | 23 Comments

Still comfortable at the top

Posted on October 4, 2023 by grim

From Mansion Global: Manhattan’s Median Home Price Rose 2% Despite Market Turbulence Manhattan’s home prices held steady in the third quarter, despite a gamut of challenges hitting the real estate market across the nation, according to a variety of market … Continue reading →

Posted in Demographics, Economics, Housing Bubble, Mortgages, NYC | 155 Comments

Nothing to see here

Posted on October 3, 2023 by grim

From the NY Post: US office real estate prices headed for ‘severe crash,’ investors say The commercial real estate market is headed for a severe collapse due in large part to sky-high interest rates and declining property values, according to a survey of … Continue reading →

Posted in Crisis, Demographics, Economics, National Real Estate, New Development | 104 Comments

Do mortgage rates even matter anymore?

Posted on October 2, 2023 by grim

From the APP: Mortgage rates double. Here is why that hasn’t killed Jersey Shore home bidding wars With mortgage rates rising to 22-year highs, the prospects for the sale of the house at 321 14th Ave. in Belmar could have … Continue reading →

Posted in Demographics, Economics, Housing Bubble, Mortgages, New Jersey Real Estate, Shore Real Estate | 44 Comments