Category Archives: Demographics

Northeast takes a dip

Posted on September 28, 2024 by grim

From the NAR: Pending Home Sales Edged Up 0.6% in August Pending home sales in August rose 0.6%, according to the National Association of REALTORS®. The Midwest, South and West posted monthly gains in transactions, while the Northeast recorded a … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 62 Comments

First timers vs. Investors

Posted on September 26, 2024 by grim

From HousingWire: Investors are purchasing fewer homes, but they still account for nearly 25% of sales The share of single-family homes sold to investors peaked at nearly 30% at the start of this year, but these types of transactions dropped … Continue reading →

Posted in Crisis, Demographics, Economics, Housing Bubble, National Real Estate | 125 Comments

Time to spend!

Posted on September 25, 2024 by grim

From CNBC: Mortgage rates dip, giving U.S. homebuyers over $200,000 in additional spending power in some U.S. cities U.S. home buyers are gaining tens of thousands in purchasing power as mortgage rates drop. With 30-year fixed mortgage rates declining from 7.79% … Continue reading →

Posted in Demographics, Economics, Housing Bubble, Mortgages | 79 Comments

Back to “normal”?

Posted on September 23, 2024 by grim

From the AP: For home shoppers, the Fed’s big rate cut is likely just a small step towards affording a home The Federal Reserve gave home shoppers what they hoped for this week: a big rate cut and a signal … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, Mortgages, National Real Estate | 97 Comments

NJ loses jobs in August

Posted on September 21, 2024 by grim

From ROINJ: New Jersey payrolls decline in August; unemployment rate at 4.8%  New Jersey recorded a decrease of 4,400 jobs between July and August, bringing the seasonally adjusted total to 4,369,400 jobs, according to Thursday estimates released by the U.S. Bureau … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 18 Comments

Starter home? What’s that?

Posted on September 17, 2024 by grim

From CBS News: As more first-time homebuyers are priced out, what can revive the American starter home? Felicia Ellis is actively looking to buy her first home by the end of the year. A three-bedroom, two-bathroom house on a tree-lined street in … Continue reading →

Posted in Crisis, Demographics, Economics, Housing Bubble, National Real Estate, New Development | 103 Comments

Where can you afford to buy?

Posted on September 16, 2024 by grim

From NorthJersey.com: These New Jersey towns have the lowest home prices within 30 minutes of New York City In a new study from PropertyShark, the real estate data provider found the 13 communities with the lowest home prices within a … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, New Jersey Real Estate, NYC | 49 Comments

Ah damn, now they’ve gone and done it

Posted on September 13, 2024 by grim

From MSN: Home prices almost never go down Beginning in the 70s and into the 80s, baby boomers who were coming of age and entering the housing world fueled a boom, so home prices generally rose (as did mortgage rates). An … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 175 Comments

Vampire squid says prices are going up

Posted on September 11, 2024 by grim

From Goldman Sachs: US house prices are forecast to rise more than 4% next year US home prices are expected to climb as the Federal Reserve begins cutting interest rates while the underlying economy is still firm, according to Goldman … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate | 71 Comments

Prices to fall? Maybe?

Posted on September 5, 2024 by grim

From MSN: These housing markets are poised for a downturn — and they’re not in Florida or Texas ome buyers are contending with record-high home prices across most of the U.S., but some markets are poised for a correction and could offer … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, New Jersey Real Estate, NYC | 119 Comments

Can’t afford a house? How about a trailer?

Posted on September 4, 2024 by grim

From MyCentralJersey.com: ‘It’s not your grandma’s trailer’: Mobile homes are affordable solution to homebuyer woes Cesar Gaona Jr.’s story is a familiar one. A native of the Avenel section of Woodbridge in his late 20s, he was excited to buy … Continue reading →

Posted in Crisis, Demographics, Economics, Housing Bubble, New Jersey Real Estate | 49 Comments

Can’t afford to stay, can’t afford to go

Posted on September 3, 2024 by grim

From The Hill: Americans moving at lowest rate in decades: Census Bureau analysis The percentage of Americans who move is at its lowest rate in recent history. And new research suggests the rate will stay low for quite some time. … Continue reading →

Posted in Demographics, Economics, Employment, National Real Estate | 23 Comments

Uh oh, are buyers all gone?

Posted on August 31, 2024 by grim

From Barrons: U.S. Pending Homes Sales Slip to Lowest Level on Record The number of homes going under contract in the U.S. fell back sharply in July, reaching its lowest in decades as soaring prices bar many Americans from the … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 57 Comments

Hottest Zip Codes in NJ

Posted on August 22, 2024 by grim

From Fox 5: These NY, NJ towns have the hottest ZIP codes for home sales  Realtor.com has released its 2024 list of hottest zip codes for home sales, and towns in NY and NJ made the list!…Seven of the 10 hottest zip … Continue reading →

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

Build baby build

Posted on August 20, 2024 by grim

From NJ.com: One of N.J.’s wealthiest towns to get first luxury apartment complex amid controversy Hundreds of rental units are coming to Colts Neck — one of New Jersey’s wealthiest communities — where developers have already broken ground on the … Continue reading →

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