Category Archives: Demographics

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

Where NJ goes

Posted on August 7, 2023 by grim

From NJ 92.7: Leaving New Jersey: Where People Choose to Live Next #10. Delaware #9. Maryland #8. Georgia #7. Virginia #6. Texas #5. California #4. North Carolina #3. Florida #2. New York #1. Pennsylvania

Posted in Demographics, Economics, National Real Estate, New Jersey Real Estate | 82 Comments

Losing the greatest fools

Posted on August 3, 2023 by grim

From CNBC: Foreign buyers are bailing on the U.S. housing market. Here’s why International buyers are pulling back from the U.S. housing market, as high mortgage rates, soaring home prices, a meager supply of homes for sale and a strong dollar … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 69 Comments

Find somewhere else to live

Posted on July 17, 2023 by grim

From CBS News: In ‘warfare against renters,’ homeowners fight affordable housing push At a packed City Hall meeting, one resident after another stood before the City Council of the suburban Phoenix city of Surprise pleading with officials to block the construction … Continue reading →

Posted in Crisis, Demographics, National Real Estate, New Development | 14 Comments

Congestion pricing hurts, until it helps

Posted on July 16, 2023 by grim

From ROINJ: The next ‘Stay in N.J.’ program: Why congestion tax hurts N.J. commuters — but could ultimately help N.J. economy New York City officials say their congestion pricing system will collect billions for mass transit — and discourage drivers … Continue reading →

Posted in Demographics, Economics, Employment, New Development, New Jersey Real Estate, NYC | 24 Comments

Where you shouldn’t buy

Posted on July 10, 2023 by grim

From Yahoo Finance: These Are the 10 Most Overpriced Housing Markets in the U.S. — 5 Are in Florida 10. Nashville, Tennessee 9. Tampa, Florida 8. Deltona, Florida 7. Detroit 6. Palm Bay, Florida 5. Lakeland, Florida 4. Memphis, Tennessee … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate, Where's the Beef? | 22 Comments

How much more unaffordable can it get?

Posted on July 5, 2023 by grim

From ATTOM: Home Affordability Worsens Across U.S. During Second Quarter Of 2023 As Home Prices Tick Upwards ATTOM, a leading curator of land, property, and real estate data, today released its second-quarter 2023 U.S. Home Affordability Report showing that median-priced single-family … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate | 60 Comments