Category Archives: Demographics

Jobs strong in NJ

Posted on June 21, 2024 by grim

From the NJBIA: NJ Gains Jobs in May, Unemployment Dips to 4.6%  The state’s unemployment rate declined by one-tenth of a percentage point for the second consecutive month to 4.6% in May, according to U.S. Bureau of Labor Statistics data … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 61 Comments

Still hot

Posted on June 9, 2024 by grim

From NorthJersey.com: Real estate update: May marks 7th month of housing inventory growth across the nation May marked the seventh consecutive month of housing inventory growth across the nation, signaling that the number of homes for sale may slowly be returning to … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate, New Jersey Real Estate | 20 Comments

Tick tick tick

Posted on June 8, 2024 by grim

From the Daily Mail: Home prices are falling in these 4 former boomtowns – it’s a bad omen for the rest of America Home prices are falling in four former hotspots – as near-record housing costs push homebuyers away.  Three … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate | 25 Comments

Don’t leave just yet

Posted on June 2, 2024 by grim

From InsiderNJ: Stay NJ Task Force Releases Report Recommending Changes to Simplify and Improve New Jersey’s Property Tax Relief Programs Today, the Stay NJ Task Force released its report providing recommendations for the State to implement the new Stay NJ program while simplifying and … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate, Politics | 37 Comments

Until AI takes over

Posted on May 30, 2024 by grim

From the APP: College pays off in NJ: 7th highest median earnings for graduates If you’re graduating from a New Jersey college, you might be in great shape. According to a new study, the Garden State ranks in the top … Continue reading →

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

Will builders pull back?

Posted on May 28, 2024 by grim

From CNBC: Sales of newly built homes tank in April, as prices and interest rates rise Sales of newly built homes dropped 4.7% in April compared with March, and fell a larger 7.7% from the prior year, the U.S. Census … Continue reading →

Posted in Demographics, Economics, Mortgages, National Real Estate, New Development | 37 Comments

The next tech hotspot?

Posted on May 24, 2024 by grim

From the NY Post: Time to buy in ‘Quantum Valley’? Upstate New York home prices are set to skyrocket as Big Tech moves in Will the San Francisco Bay Area tech hub known as Silicon Valley soon be eclipsed by the … Continue reading →

Posted in Demographics, Economics, Employment, National Real Estate, North Jersey Real Estate, NYC | 45 Comments

What would you trade?

Posted on May 21, 2024 by grim

From the Record: What would you sacrifice to afford a home? A report shows the differences between generations Generations often have differing perspectives on politics, work culture and family dynamics, so it might not come as a surprise that the … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 48 Comments

Nothing is cheap anymore

Posted on May 18, 2024 by grim

From MarketWatch: Rents just surged 10% in this affordable housing market. It was ‘bound to happen,’ one economist says. Renters are running away from high rents in expensive cities and moving to more affordable ones — but that’s pushing up … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 30 Comments

First to fall?

Posted on May 17, 2024 by grim

From Mansion Global: Florida and Texas Show Signs of Home Prices Falling Gary and Karen Steppe listed a condo in Indialantic, Fla., in February for $294,900. They expected the two-bedroom vacation home, which is in an oceanside town near Melbourne … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 80 Comments

Different this time?

Posted on May 15, 2024 by grim

From the NY Post: US home prices have soared 47% since 2020 A recent analysis by ResiClub of the Case-Shiller National Home Price Index has unveiled a jaw-dropping surge in US home prices, soaring a lofty 47.1% since the dawn of this … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 95 Comments

90% of the country overpriced

Posted on May 14, 2024 by grim

From Fitch: Real Home Price Appreciation Aligns with Sustainable Price Trends Fitch Ratings estimates national home prices were 11.1% overvalued for 4Q23 on a population-weighted average basis, showing negligible difference from the previous quarter.  The consistency in Fitch’s overvaluation estimates, … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 102 Comments

The Worst Time?

Posted on May 11, 2024 by grim

From Kiplinger: Is This the Worst Time To Buy a Home? The Federal Reserve is holding interest rates steady, and mortgages are hovering over 7%. House prices are still rising. Housing supply is still not close to meeting demand.  Is … Continue reading →

Posted in Crisis, Demographics, Economics, Housing Bubble, National Real Estate | 35 Comments

This again?

Posted on May 10, 2024 by grim

From Quartz: ‘Fractional home ownership’ wants to fix real estate’s woes. What is it and could it work? There’s more than one way to own a house these days. Sites including real estate startup Pacaso are opening up a new … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 47 Comments

To be honest, there are some signs…

Posted on May 9, 2024 by grim

From Business Insider: Home sellers are facing a summer from hell The past few years were very good to people who decided to sell their homes. The massive relocation shuffle meant most homes hitting the market were the subject of … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 50 Comments