Category Archives: Demographics

Vacancies and Zombies

Posted on April 4, 2023 by grim

From ATTOM Real Estate: Top 10 U.S. Housing Markets with Zombie Properties in Q1 2023 From the Record: North Jersey office vacancy hits 14-year high amid uncertain economy, report finds The flight from offices triggered by the COVID-19 pandemic showed no signs … Continue reading →

Posted in Crisis, Demographics, Economics, New Jersey Real Estate | 97 Comments

Big Discount?

Posted on March 30, 2023 by grim

From the Star Ledger: More N.J. homes are selling below asking price List price and what buyers actually paid for a home in New Jersey have been wildly different for the past few years. Bidding wars that drove up sales … Continue reading →

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

NJ adds 4,600 jobs in Feb

Posted on March 24, 2023 by grim

From the NJ Department of Labor and Workforce Development: NJ’s Strong Labor Market Continues in February New Jersey continued to experience a strong labor market, preliminary estimates produced by the U.S. Bureau of Labor Statistics show, with 4,600 nonfarm jobs … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 116 Comments

Can’t buy? Just rent!

Posted on March 17, 2023 by grim

From the NY Post – Hat Tip ChiFi: North Jersey beats out NYC for the hottest rental market in the US As interest rates remain high to combat languishing inflation, warding off potential home buyers, the rental market has been … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate | 93 Comments

Suck it up

Posted on March 10, 2023 by grim

From the Record: Is $500K the new $300K? What you’ll pay for a starter home in North Jersey Newlyweds Joseph and Cheryl Petta just wanted to buy their first home in North Jersey. It was a disheartening year and a … Continue reading →

Posted in Demographics, Economics, Housing Bubble, New Jersey Real Estate | 197 Comments

NJ Economic Outlook

Posted on March 7, 2023 by grim

From Charles Steindel at the Steve Sweeny Center for Public Policy at Rowan: Multi-Year Budget Workgroup: New Jersey Economic Outlook New Jersey’s economy did well in 2022, setting new highs in jobs, output, and income, generally matching or exceeding growth in … Continue reading →

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

But Murphy said we should be happy to pay

Posted on February 27, 2023 by grim

From Patch: Wyckoff Rep. Sounds Alarm On ‘Exodus’ Of Jobs, People From New Jersey Fifth District Rep. Josh Gottheimer is sounding the alarm on what he said is an “exodus” of jobs and people from New Jersey. In his State … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate, Politics | 35 Comments

Can’t even afford the trailer park

Posted on February 26, 2023 by grim

From the NY Post: Inside the Hamptons trailer park that’s become a playground for millionaires In the summer of 1998, Ken Hilderbrandt was contemplating buying a bigger boat — or a beachfront trailer on a wave-swept bluff in Montauk overlooking … Continue reading →

Posted in Demographics, Economics, National Real Estate, Philly | 17 Comments

No recession for the rich

Posted on February 21, 2023 by grim

From Mansion Global: Manhattan’s Luxury Real Estate Market Posts Best Week Since May 2022 Last week’s unseasonably warm temperatures may have helped warm up Manhattan’s luxury residential real estate market.  There were 31 properties priced at $4 million or more … Continue reading →

Posted in Demographics, Economics, NYC | 113 Comments

Hottest Markets

Posted on February 15, 2023 by grim

From the US News & World Report: The Hottest Housing Markets in the U.S. Now that the demand for housing is showing renewed signs of life amid lower mortgage rates, declining inflation and a reduced risk of recession, it’s certainly an opportune time to analyze which … Continue reading →

Posted in Demographics, Economics, National Real Estate | 173 Comments

Who needs to buy?

Posted on February 10, 2023 by grim

From NJ1015: Here’s where millionaires choose to rent in New Jersey There are over 100 millionaires that rent in one city in New Jersey. If you’ve been paying any attention at all to real estate and building trends in this … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate, NYC | 96 Comments

Sorry buyers…

Posted on February 8, 2023 by grim

From Bloomberg: Buyers Are Flocking to NYC’s Suburbs. Too Bad There Aren’t Many Homes to Sell. In the midst of the worst US housing slump in a decade, a wave of finance and tech layoffs and drumbeats of a potential recession, … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate, NYC | 103 Comments

Survivorship bias? Literally.

Posted on January 31, 2023 by grim

From the NY Post: Single women are outpacing men in homeownership All the single ladies … are buying property.  Indeed, a recent study found that single women are outpacing single men in homeownership.  This new trend has come as a … Continue reading →

Posted in Demographics, Economics, National Real Estate | 42 Comments

Sorry West

Posted on January 30, 2023 by grim

From the Washington Examiner: Huge hit to home prices in west in 2023, Goldman warns: Phoenix, SF, Seattle Houses in several overheated cities in the western United States will see massive price declines in 2023, researchers at Goldman Sachs predict. In a report … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate | 79 Comments

Worst behind us?

Posted on January 26, 2023 by grim

From the NY Post: Here’s when US home price declines could end, Goldman Sachs says The ongoing plunge in US home prices may be nearing its end, Goldman Sachs analysts said in a note to clients this week. Long-term mortgage … Continue reading →

Posted in Demographics, Economics, Employment, Housing Recovery, Mortgages, National Real Estate | 120 Comments