Category Archives: Demographics

No Crash?

Posted on November 11, 2024 by grim

From Bankrate: Is the housing market going to crash? What the experts are saying The U.S. housing market had finally started slowing in late 2022, and home prices seemed poised for a correction. But a strange thing happened on the … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 63 Comments

NJ home prices up 552% in 40 years

Posted on November 2, 2024 by grim

From Axios: Washington home prices rose more than 800% in 40 years

Posted in Demographics, Economics, Employment, National Real Estate | 48 Comments

Availability improving?

Posted on October 31, 2024 by grim

From the NAR: October 2024 Monthly Housing Market Trends Report

Posted in Demographics, Economics, National Real Estate | 78 Comments

$700k to live in Staten Island

Posted on October 29, 2024 by grim

From SI Live: Median price of a Staten Island home hits $700,000, report says Staten Island home prices are continuing to rise, according to the latest report from the Staten Island Board of Realtors (SIBOR) — and the median sales price of … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate, NYC | 33 Comments

Posted on October 27, 2024 by grim

From the NY Post: Homes for sale in short supply as there’s now 30 renters for every house on the market in US The number of homes for sale for each renter household in the U.S. remains near record lows, … Continue reading →

Posted in Demographics, Economics, Employment, National Real Estate | 55 Comments

Want cheaper houses? Build more of them.

Posted on October 25, 2024 by grim

From Yahoo Finance: Homebuyers still price sensitive as mortgage rates climb: Economist Mortgage rates rose for their fourth straight week, the 30-year fixed rate mortgage now sitting at 6.54%. Existing home sales also fell to a 14-year low, the National Association of … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate, New Development | 66 Comments

150,000 new housing units coming

Posted on October 23, 2024 by grim

From JD Supra: New Jersey Releases Fourth Round Affordable Housing Calculations; Identifies Present and Future Need for 150,000 New Units Throughout State The Department of Community Affairs (DCA) has released its “fourth round” affordable housing calculations for the coming decade, … Continue reading →

Posted in Crisis, Demographics, New Development, New Jersey Real Estate | 55 Comments

Bring on the units

Posted on October 22, 2024 by grim

From Gothamist: After years of delay, former Toys ‘R’ Us headquarters in NJ will be turned into housing Seven years after Toys “R” Us declared bankruptcy, a deal to put a substantial amount of housing on the site of the … Continue reading →

Posted in Demographics, Economics, Housing Bubble, New Development, New Jersey Real Estate | 30 Comments

Just how many jobs do you need?

Posted on October 20, 2024 by grim

Great chart from Visual Capitalist: Mapped: Home Price-to-Income Ratio of Large U.S. Cities

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

Flemington?

Posted on October 14, 2024 by grim

From NJ1015: The new ‘up-and-coming’ town in NJ is one you’d never think of When the pandemic hit, it sent a wave of New Yorkers into New Jersey. People flocked to commuter towns, and it felt like everyone was on … Continue reading →

Posted in Demographics, Economics, New Development, New Jersey Real Estate | 70 Comments

Jobs Day!

Posted on October 4, 2024 by grim

From CNBC: Here’s everything to expect when the September jobs report is released Friday September’s jobs picture is expected to look a lot like August’s — a gradual slowdown in hiring from earlier this year, a modest increase in wages … Continue reading →

Posted in Demographics, Economics, Employment, National Real Estate | 89 Comments

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