Category Archives: Demographics

Sorry about the price of your buildings

Posted on May 27, 2023 by grim

From the NY Post: Remote work is cutting NYC office value by half: Study Working from home is killing office buildings’ worth.  As remote and hybrid work prove to be enduring trends, researchers are predicting grim fates for the future … Continue reading →

Posted in Demographics, Economics, National Real Estate, New Development, NYC | 35 Comments

Time for the middle?

Posted on May 17, 2023 by grim

From the NY Times: Coastal Cities Priced Out Low-Wage Workers. Now College Graduates Are Leaving, Too. The college graduates who fill white-collar jobs in the San Francisco area began to leave in growing numbers about a decade ago. More and … Continue reading →

Posted in Demographics, Economics, Employment, National Real Estate | 103 Comments

Does anyone still work in NYC?

Posted on May 16, 2023 by grim

From the NY Post: New Jersey Gov. Phil Murphy attempts to woo New Yorkers in retaliation for congestion tax The grass is greener in the Garden State? New Jersey Gov. Phil Murphy sure wants you to think so! Murphy is … Continue reading →

Posted in Demographics, Economics, Gold Coast, New Jersey Real Estate, NYC | 52 Comments

Where’s the top?

Posted on May 14, 2023 by grim

From US News: New Jersey Housing Market Forecast Buyer demand in New Jersey remains strong, says LaRue. But higher borrowing rates have had an impact on buyer demand. “Two years ago, people were paying over $100,000 over asking,” says LaRue, referring to … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 59 Comments

Why would they?

Posted on May 12, 2023 by grim

From the WSJ: The Home Buyer’s Quandary: Nobody’s Selling Many Americans who want to move are trapped in their homes—locked in by low interest rates they can’t afford to give up.  These “golden handcuffs” are keeping the supply of homes for … Continue reading →

Posted in Demographics, Economics, Mortgages, National Real Estate | 140 Comments

The New New Jersey

Posted on May 9, 2023 by grim

From ROI-NJ: Why mixed-use, multifamily housing will continue to escalate in northern N.J. Multihousing development through ground-up construction and asset repositioning has eclipsed historical levels of activity within the northern New Jersey and the greater metro New York City areas, … Continue reading →

Posted in Demographics, Economics, New Development, New Jersey Real Estate | 241 Comments

Work from home, in the city.

Posted on May 8, 2023 by grim

From the Real Deal: Philadelphia’s “beat up” office market struggles to recover The City of Brotherly Love has no love for commercial real estate. Office occupancy in Greater Philadelphia has contracted by nearly 10 million square feet since 2019, the Philadelphia … Continue reading →

Posted in Demographics, Economics, Employment, Philly | 67 Comments

Yep…

Posted on May 6, 2023 by grim

From Yahoo Finance: Rich millennials are spending millions to knock down beautiful houses in the NYC suburbs to build mansions as housing wars rage on Just across the Hudson River from New York City, sit suburban communities like Ridgewood, New … Continue reading →

Posted in Demographics, Housing Bubble, New Jersey Real Estate, NYC | 43 Comments

Northern NJ shuts out warehouses

Posted on May 4, 2023 by grim

From the Real Deal: Warehouses banned in 400,000 acres of North Jersey The New Jersey Highlands Region won’t be high on industrial developers’ list anymore. The state’s Highlands Council prohibited warehouse development in 398,000 acres of the 860,000-acre region, NorthJersey.com reported. … Continue reading →

Posted in Demographics, Employment, New Development, New Jersey Real Estate | 132 Comments

Paycheck to Paycheck

Posted on April 28, 2023 by grim

From the Record: Report: 37% of working families in NJ struggled to make ends meet during COVID pandemic A new report shows that 37% of New Jersey households — 1.3 million families — were not able to afford basic necessities … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 65 Comments

Locked in is the new priced out

Posted on April 19, 2023 by grim

From DS News: Fannie Mae: ‘Lock-in Effect’ Amplifying Housing Shortages While the annual rate of increase in home prices slowed dramatically as a result of inflated interest rates, single-family home prices increased at a non-seasonally adjusted annual rate of 4.7% from … Continue reading →

Posted in Demographics, Mortgages, National Real Estate | 73 Comments

Fastest selling markets in NJ (Feb edition)

Posted on April 15, 2023 by grim

From Redfin: New Jersey Towns Where Homes are Still Selling Fast According to RedFin‘s February 2023 data, it takes 61 days to sell a home in New Jersey, which is an 11 day increase from 2022. We’ve compiled a list of … Continue reading →

Posted in Demographics, Economics, Housing Bubble, New Jersey Real Estate | 53 Comments

Back in the pool!

Posted on April 12, 2023 by grim

From CNBC: Homebuyer mortgage demand jumps after interest rates drop to two-month low Today’s housing market is so pricey that homebuyers are highly sensitive to any distinct moves in mortgage rates. And that’s what happened last week. Rates dropped, and … Continue reading →

Posted in Demographics, Economics, Housing Bubble, Mortgages | 122 Comments

Who can afford all this?

Posted on April 11, 2023 by grim

From Stacker: The 50 cities in New Jersey where home prices are rising the fastest

Posted in Demographics, Economics, Housing Bubble, New Jersey Real Estate | 19 Comments

Welcome to the party

Posted on April 10, 2023 by grim

From Axios: Millennial homeowners outnumber renters for the first time Millennial homeowners outnumbered millennial renters for the first time last year, despite creeping interest rates and a tight real estate market. Driving the news: Nearly 52% of the first generation to grow … Continue reading →

Posted in Demographics, Economics, National Real Estate | 38 Comments