Category Archives: Demographics

The new New York City

Posted on September 30, 2023 by grim

From Business Insider: NYC and its suburbs won’t build new housing, so New Yorkers are flooding into Jersey City and driving up prices New Yorkers have been taking notice of Jersey City real estate for years, and its popularity as an alternative … Continue reading →

Posted in Crisis, Demographics, Economics, Gold Coast, New Development, New Jersey Real Estate, NYC | 56 Comments

Sorry renters

Posted on September 29, 2023 by grim

From RentCafe: Competition for Apartments Intensifies in Midwest This Rental Season, but Miami Holds Onto 1st Place While the Midwest is flexing its muscle in peak rental season, we’re seeing rising competition in the Northeast,as well. The main reason for this … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, New Jersey Real Estate, NYC | 119 Comments

GenX poised to take the lead

Posted on September 28, 2023 by grim

From the NYT: The Greatest Wealth Transfer in History Is Here, With Familiar (Rich) Winners Trillions of dollars in family wealth are set to be passed down in the next few years — and the transfer will largely reinforce U.S. … Continue reading →

Posted in Demographics, Economics, National Real Estate, Unrest | 112 Comments

Good or Bad?

Posted on September 25, 2023 by grim

From NJ Spotlight: Reconciling rising unemployment and strong job growth: NJ’s uncertain fiscal outlook New Jersey’s unemployment rate has steadily risen over the past year and now ranks among the highest in the nation. But while some economists and others … Continue reading →

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

Sales slump, prices still rising

Posted on September 22, 2023 by grim

From ABC News: Home sales fell again in August as homebuyers grapple with rising mortgage rates Sales of previously occupied U.S. homes fell for the third month in a row in August, as higher mortgage rates, rising prices and a … Continue reading →

Posted in Demographics, Economics, Housing Bubble, Mortgages, National Real Estate | 115 Comments

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