Category Archives: Demographics

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

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