Category Archives: Demographics

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

Shocker, Americans Misinformed

Posted on January 25, 2023 by grim

From the Hill: Survey finds Americans wildly misinformed on housing market  A new survey finds Americans are woefully misinformed about the nation’s mercurial housing market, even as millions of them prepare to buy homes.   Twenty-eight million Americans plan to purchase a … Continue reading →

Posted in Demographics, Economics, Humor, New Jersey Real Estate | 84 Comments

Hey 2010!

Posted on January 21, 2023 by grim

From Reuters: U.S. home sales slump to 12-year low; glimmers of hope emerging U.S. existing home sales plunged to a 12-year low in December, but declining mortgage rates raised cautious optimism that the embattled housing market could be close to … Continue reading →

Posted in Demographics, Economics, Housing Bubble, Mortgages, National Real Estate | 90 Comments

32 months of job growth

Posted on January 20, 2023 by grim

From the NJ Department of Labor and Workforce Development: NJ’s Job Gains Continue with Slight Uptick in December New Jersey’s labor market grew slightly in December, adding 1,400 nonfarm jobs to a seasonally adjusted level of 4,265,700, according to preliminary estimates produced … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 58 Comments

You take the good, you take the bad, you take them both, and there you have…

Posted on January 12, 2023 by grim

From the Times Union: Hudson Valley housing prices exploded in 2020. What happens now? In the late summer of 2019, when the word “pandemic” was most likely to call up images of the Spanish flu or the Black Death, the … Continue reading →

Posted in Demographics, Economics, Employment, NYC | 152 Comments