Category Archives: Demographics

“Drive till you qualify”

Posted on January 9, 2024 by grim

From Business Insider: Millennials are moving to ‘the most boring places in the world’ For nearly two decades millennials morphed dense, amenity-rich urban neighborhoods across America into exclusive playgrounds for the young and childless. Compared with Gen Xers and baby … Continue reading →

Posted in Crisis, Demographics, Economics, Housing Bubble, National Real Estate | 43 Comments

Buffalo is the place to be

Posted on January 8, 2024 by grim

From Buffalo Rising: Buffalo’s Real Estate Revolution: How It Became 2024’s Hottest Housing Market In the heart of the Great Lakes region, a remarkable transformation is unfolding. Buffalo, once overshadowed by larger cities, has surged to the forefront as the … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 52 Comments

Seems like a long shot

Posted on January 3, 2024 by grim

From NJ1015: NJ one of 3 states expected to see housing market crash in 2024 It looks like New Jersey’s housing market may soon run out of steam. And that’s unfortunate for so many living in The Garden State. According … Continue reading →

Posted in Crisis, Demographics, Economics, Housing Bubble, New Jersey Real Estate | 195 Comments

NJ Gets Coal for Christmas

Posted on December 28, 2023 by grim

From NJBIZ: NJ unemployment rate ticks up in November jobs report  Just before the holiday, the New Jersey Department of Labor and Workforce Development released the state’s November jobs report, which showed an increase of 4,100 jobs (3,100 in the private … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 120 Comments

Out of reach … forever?

Posted on December 26, 2023 by grim

From NPR: Most homes for sale in 2023 were not affordable for a typical U.S. household If you found the U.S. housing market impossible this year you were not alone. In fact, you were in the vast majority, according to … Continue reading →

Posted in Demographics, Economics, Employment, National Real Estate | 57 Comments

Fitch – NJ is overpriced

Posted on December 22, 2023 by grim

From Fitch: Homes Prices Remain Overvalued in 88% of the U.S. Fitch Ratings-New York-20 December 2023: Fitch Ratings estimates that national home prices were 9.4% overvalued for 2Q2023 on a population-weighted average basis and expects overvaluation to remain elevated due … Continue reading →

Posted in Demographics, Economics, National Real Estate, New Jersey Real Estate | 90 Comments

Home sales tick up, slightly

Posted on December 21, 2023 by grim

From the Real Deal: Existing home sales rise for first time since May It was by no means a blizzard of activity, but existing home sales increased from October to November, ending a cold spell for the moribund U.S. market. Sales … Continue reading →

Posted in Demographics, Economics, Employment, National Real Estate | 61 Comments

Prediction Season!

Posted on December 16, 2023 by grim

From the APP: Realtor.com released 2024 forecast for top housing markets Coming in at No. 23 was the Allentown-Bethlehem-Easton, PA-NJ area, with forecasts of : The next New Jersey market on the list was New York-Newark-Jersey City, NY-NJ-PA, coming in … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, New Jersey Real Estate | 47 Comments

No unintended consequences here…

Posted on December 13, 2023 by grim

From the NJ Monitor: N.J. Senate approves penalties for discriminatory real estate appraisals Senate lawmakers approved a bill Monday that would create steep penalties for real estate appraisers who undervalue homes because of the owner or buyer’s protected characteristics, with Republican critics … Continue reading →

Posted in Demographics, Economics, Politics | 97 Comments

Pretty sure this won’t end well, whichever way it goes

Posted on December 12, 2023 by grim

From Yahoo Finance: ‘Stay Out Of The Markets’ — Kevin O’Leary Urges Government To Not Get Involved In Housing — Says New Bill That Would Ban Hedge Funds From Buying Homes ‘Is Very, Very Bad And Destructive’ Real estate investors … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate, Politics | 9 Comments

Riskiest Markets

Posted on December 7, 2023 by grim

From Atom: Housing Markets Facing Greater Risk Of Downturns Clustered In California, New Jersey And Illinois ATTOM, a leading curator of land, property, and real estate data, today released a Special Housing Risk Report spotlighting county-level housing markets around the United … Continue reading →

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

Maybe in 2025?

Posted on December 4, 2023 by grim

From Fast Company: U.S. home prices to hold firm in 2024 even if a mild recession hits, Fannie Mae says Fannie Mae economists expect U.S. economic growth to decelerate, leading to a mild recession in 2024, according to the latest forecast … Continue reading →

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

$75k or $525k?

Posted on November 28, 2023 by grim

Ohhhhh, Millennials… From the Messenger: Millennials Say Over $500K Would Buy Them Happiness: Report Each generation has a different idea of the cost of happiness. For millennials, more than $500,000 annually would be the key. In a survey conducted by The Harris Poll, 2,034 … Continue reading →

Posted in Crisis, Demographics, Economics, Humor | 138 Comments

Three’s Company is cool again

Posted on November 27, 2023 by grim

From CNBC: Gen Z, millennials are ‘house hacking’ to become homeowners in a tough market. How the strategy can help Gen Z and millennials are “hacking” the housing market as high prices and interest rates make affordability difficult. The term “house hacking” refers … Continue reading →

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

Will real estate end 2024 lower?

Posted on November 25, 2023 by grim

From Business Insider: Home prices are poised to drop as the frozen housing market thaws, 2 top experts say House prices may be headed lower, dealing a blow to sellers but providing relief to buyers, two experts say. “The only … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 27 Comments