Category Archives: Demographics

Lazy men will destroy the housing market

Posted on April 4, 2024 by grim

From Yahoo Finance: The ‘growing crisis of the young American male’ could send home prices falling for years or even decades, says the ‘Oracle of Wall Street’ Meredith Whitney, deemed the “Oracle of Wall Street” for successfully calling the financial … Continue reading →

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

How much do you need? 2024 edition.

Posted on April 1, 2024 by grim

From Bankrate: Study: Americans need a six-figure salary to afford a typical home in nearly half of U.S. states A combination of high mortgage rates, rising home prices and low housing inventory over the last two years is pushing homeownership further … Continue reading →

Posted in Demographics, Economics, Employment, National Real Estate, New Jersey Real Estate | 51 Comments

Living your best life in NJ

Posted on March 31, 2024 by grim

From Patch: Morris Is Most Expensive County In NJ For Household Bills, Study Finds A new study shows that Morris County residents are forking over more for their monthly bills on average than in any other county in the state.  … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate | 11 Comments

NJ Loses Jobs

Posted on March 27, 2024 by grim

From NJ Spotlight News: NJ Recorded loss of 5,300 jobs in February For the first time in seven months, nonfarm employment has decreased in New Jersey. The U.S. Bureau of Labor Statistics reported a decrease by 5,300 jobs in February to reach … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate | 97 Comments

Six figures ain’t what it used to be

Posted on March 21, 2024 by grim

From CNBC: The salary a single person needs to live comfortably in 25 major U.S. cities Here’s the income a single person needs to live comfortably in the 25 U.S. cities with the highest cost of living:

Posted in Crisis, Demographics, Economics, Employment, National Real Estate, NYC | 101 Comments

Back to normal or just gridlocked?

Posted on March 20, 2024 by grim

From Mansion Global: U.S. Home Price Growth Is Back to Where It Was Pre-Pandemic After three years of drastic price fluctuations—with values surging and then cooling down—home price growth in the U.S. is back to where it was before the … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 138 Comments

Building 200,000 Affordable Homes

Posted on March 19, 2024 by grim

From the Record: Senate passes bill to overhaul how NJ towns will meet affordable housing mandate How much affordable housing will New Jersey towns be required to zone for, build, convert or renovate over the next decade?  Gov. Phil Murphy … Continue reading →

Posted in Demographics, Economics, New Development, New Jersey Real Estate, Politics | 92 Comments

NY Metro Rents Skyrocket

Posted on March 18, 2024 by grim

From the Record: Rents are skyrocketing. This report breaks down just how much Housing prices just don’t seem to be letting up. In February, rentals saw the largest increase in price nationwide in more than a year, according to Rent.com’s … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, New Jersey Real Estate, NYC | 90 Comments

Commergeddon

Posted on March 17, 2024 by grim

From the WSJ: America’s Office Fire Sale Has Barely Begun If offices are in such hot water, where are all the forced sellers? Office-building owners have been under pressure since the Covid-19 pandemic hollowed out their buildings in early 2020. According to data … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate | 36 Comments

Transit-based redevelopment

Posted on March 14, 2024 by grim

From Newsweek: Housing Market Solution Could Help New Jersey New Jersey might have just found a solution to its affordable housing crisis, and it involves the undeveloped land outside of its transit system. The Regional Plan Association found 74,000 acres of land … Continue reading →

Posted in Demographics, Housing Bubble, New Development, New Jersey Real Estate, Politics | 95 Comments

Thanks Mom and Dad!

Posted on March 12, 2024 by grim

From Coldwell Banker: 2024 Consumer Survey Key Findings – March 2024 Over a quarter (26%) of surveyed consumers have not provided or do not plan to provide financial support for their child(ren)’s first home, compared to 38% who said they … Continue reading →

Posted in Demographics, Economics, Mortgages, National Real Estate | 103 Comments

Jobs Day!

Posted on March 8, 2024 by grim

From the WSJ: Jobs Report Today: What to Watch Investors’ eyes are on the jobs report today. February’s jobs data are due at 8:30 a.m. ET. Economists expect that hiring cooled from January. A softer labor market could translate into … Continue reading →

Posted in Demographics, Economics, Housing Bubble | 144 Comments

Spring has sprung

Posted on March 6, 2024 by grim

From NorthJersey.com: Real estate update: Is North Jersey finally seeing more housing inventory? In February, 19 of New Jersey’s 21 counties saw an increase in new listings over January. Additionally, 12 New Jersey counties saw more new listings this year than … Continue reading →

Posted in Demographics, Economics, Housing Bubble, New Jersey Real Estate | 141 Comments

Boomers back on top

Posted on March 5, 2024 by grim

From Philadelphia Magazine: Boomers Are Downsizing — and Dominating Philly’s Real Estate Market Take a walk through the Laurel, the recently completed luxury condo tower at Rittenhouse Square’s northwest corner, and you might mistake it for a retirement community. When you … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate | 83 Comments

NJ rents only up 2.3%?

Posted on March 4, 2024 by grim

From the Bergen Record: Here’s what rent prices look like in NJ, and the US, at the start of 2024 As home prices have continued to soar and mortgage rates remain high, many would-be first-time buyers are opting to stay … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, New Jersey Real Estate | 66 Comments