Category Archives: Demographics

July Beige Book

Posted on July 15, 2022 by grim

From the Federal Reserve: Beige Book – July 2022 Federal Reserve Bank of New York Summary of Economic ActivityEconomic growth in the Second District slowed to a crawl in the latest reporting period, as demand from households and businesses weakened … Continue reading →

Posted in Demographics, Economics, Employment, New Development, New Jersey Real Estate | 122 Comments

Doesn’t this mean there won’t be a recession?

Posted on July 13, 2022 by grim

From CNBC: 70% of Americans think a recession is coming: Here’s what they are doing to prepare Experts are weighing the odds as to how likely a recession is and how fast it could come upon us. Most Americans — … Continue reading →

Posted in Demographics, Economics, National Real Estate | 116 Comments

Like all the locals here I’ve had to sell my home, too proud to leave I work my fingers to the bone.

Posted on July 12, 2022 by grim

From the NYT: The Shrinking of the Middle-Class Neighborhood When Ashley Broadnax thinks of the East Nashville neighborhood she grew up in during the ’90s, the images that rush in have a modest, middle-class tinge. After school, she and other … Continue reading →

Posted in Demographics, Economics, Employment, National Real Estate | 74 Comments

Work From (Rented) Home

Posted on July 11, 2022 by grim

From the NYT: Renters Face Fiercest Competition in Florida and the Northeast Demand for apartments in Florida has intensified, followed by markets in Pennsylvania and New Jersey, as Americans embrace remote work. As pandemic restrictions ease and remote work becomes … Continue reading →

Posted in Demographics, Economics, Employment, National Real Estate | 69 Comments

Maybe the kids are alright

Posted on July 2, 2022 by grim

From Full Stack Economics: 24 charts that show we’re (mostly) living better than our parents If there’s one thing the left and right seem to agree about, it’s that the US economy’s best days are in the past. “More than … Continue reading →

Posted in Demographics, Economics, Employment | 24 Comments

Different this time?

Posted on June 13, 2022 by grim

From Business Insider: The Great Recession misled millennials: It made them think high home prices will eventually come down History often repeats itself — but when it comes to the current housing market, don’t hold your breath.  If you were … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 155 Comments

“Tappable Equity” at $207,000 per Homeowner

Posted on June 7, 2022 by grim

From CNBC: Housing wealth gains a record $1.2 trillion, but there are signs the market is cooling Homeowners are in the money, and it just keeps coming. Two years of rapidly rising home prices have pushed the the nation’s collective … Continue reading →

Posted in Demographics, Economics, Mortgages, National Real Estate | 287 Comments

Not sure I’d trust Zillow

Posted on June 6, 2022 by grim

From Marketwatch: I’m a senior economist at Zillow. Here are 3 things home buyers should know about the housing market now Buyers should prepare for higher monthly costs There’s no doubt that mortgage rates are rising quickly after hitting a … Continue reading →

Posted in Demographics, Economics, National Real Estate | 171 Comments

Blame COVID

Posted on May 31, 2022 by grim

From CNN: The ‘Great Reshuffling’ played a big part in pushing home prices higher  The pandemic changed the way people lived and, for many, where they lived. Working from home was a significant driver of this “Great Reshuffling” and accounted for … Continue reading →

Posted in Demographics, Economics, Employment, National Real Estate | 171 Comments

No national price decline?

Posted on May 23, 2022 by grim

From Yahoo Finance: Housing Prices Are Expected to Drop in These Cities — Is Yours One of Them? Housing prices could drop by as much as 10% in many U.S. cities, per Fortune, referencing a new report from Moody’s Analytics. However, the … Continue reading →

Posted in Demographics, Economics, Employment, National Real Estate | 237 Comments

Back to work?

Posted on May 9, 2022 by grim

From NJ1015: Extended unemployment insurance to expire for 80,000 NJ workers Eighty-eight weeks of unemployment benefits triggered by the coronavirus pandemic are coming to a close. The New Jersey Department of Labor and Workforce Development announced Thursday that approximately 80,000 New Jersey … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 384 Comments

Worst ever time to buy?

Posted on May 5, 2022 by grim

From Gallup: Record Low in U.S. Say It Is a Good Time to Buy a House Thirty percent of U.S. adults say it is a good time to buy a house, down 23 percentage points from a year ago and … Continue reading →

Posted in Demographics, Economics, Employment, National Real Estate | 208 Comments

If you have to ask…

Posted on April 25, 2022 by grim

From Fortune: Another housing bubble? ‘We’re skating close to one,’ says Realtor.com economist This might be the hottest housing market ever recorded. Over the past 12 months, U.S. home prices are up a staggering 19.2%. For comparison, in the years leading into the 2008 … Continue reading →

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

Nothing to worry about

Posted on April 22, 2022 by grim

From Wealth of Common Sense: 4 Reasons the Housing Market Won’t Crash Millennials are the biggest demographic in the country We don’t have enough housing supply No one wants to sell Consumer balance sheets remain strong Discuss.

Posted in Demographics, Economics, National Real Estate | 152 Comments

Expensive everywhere you’d want to live

Posted on April 20, 2022 by grim

From Yahoo Finance: Homebuyers just got another grim new statistic: Average home prices in 11 housing markets now exceed $500,000 The U.S. housing market’s half-million dollar club is growing, with more cities than ever posting average home prices above $500,000. … Continue reading →

Posted in Demographics, Economics, National Real Estate | 84 Comments