Category Archives: Economics

NJ Wealth Tax

Posted on February 28, 2025 by grim

From northjersey.com: Is Murphy’s proposal to increase NJ’s ‘mansion tax’ a good thing? Experts have concerns Gov. Phil Murphy’s 2026 fiscal year budget proposal includes $1.2 billion in new sales taxes and fees on things like alcohol, warehouse truck traffic, drones and … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate, Politics, Property Taxes | 268 Comments

Good luck buying that house

Posted on February 24, 2025 by grim

From Apollo: Median Age of Homebuyers: 56

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 291 Comments

The future of NJ office parks

Posted on February 22, 2025 by grim

From RentCafe: Record-Breaking 71K Apartments Set to Emerge From Office Conversions Office-to-apartment conversions are surging in popularity, with 2025 set to reach a record-breaking milestone of almost 71,000 units in the pipeline. This surge comes amid a nationwide shortage of apartments … Continue reading →

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

Where will spring ’25 go?

Posted on February 21, 2025 by grim

From the WSJ: Home Sales Likely Fell in January Home sales in January likely declined, as home prices and mortgage rates remained too high to attract buyers. Sales of previously owned homes likely fell 2.6% in January from December, economists … Continue reading →

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

“How can the housing market keep growing in 2025?”

Posted on February 18, 2025 by grim

From JP Morgan: The outlook for the US housing market in 2025 The U.S. housing market is likely to remain largely frozen through 2025. Some growth is still expected, but at a very subdued pace of 3% or less. Demand … Continue reading →

Posted in Demographics, Economics, Housing Bubble, Mortgages, National Real Estate | 130 Comments

Florida should thank NYC

Posted on February 17, 2025 by grim

From the NY Post: Wealthy New Yorkers flock to Palm Beach, causing house prices to skyrocket: ‘Supercharged migration’ At the height of the COVID-19 pandemic, wealthy New Yorkers eager to escape the confines of the Big Apple fled south toward … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate, NYC | 51 Comments

Price growth slowing, but not here

Posted on February 14, 2025 by grim

From Mansion Global: U.S. Home Sellers Are Getting More Flexible on Price as Market Stalls U.S. home buyers faced a less competitive market in January amid a sluggish activity, according to a Redfin report Wednesday.  Homes took longer to sell … Continue reading →

Posted in Demographics, Economics, Housing Bubble, New Jersey Real Estate | 168 Comments

Northeast sees strongest price growth in Q4

Posted on February 12, 2025 by grim

From MortgageOrb: NAR: Home Price Growth Picked Up Steam Again in Q4 The national median single-family existing-home price was $410,100 as of the end of the fourth quarter, an increase of 4.8% compared with the fourth quarter of 2023, according … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 380 Comments

Still not building enough homes

Posted on February 11, 2025 by grim

From Fortune: 2024 new home sales hit their highest pace in three years. Does that mean lower home prices are around the corner? Home values have skyrocketed over recent years. The median sales price in the final quarter of 2024 was $419,200 … Continue reading →

Posted in Demographics, Economics, National Real Estate, New Development | 168 Comments

Sounds about right

Posted on February 10, 2025 by grim

From Patch: NJ Residents Struggling To Pay Rent, Mortgages, Study Says: Report If you’re struggling to pay your rent or mortgage on time, you’re not alone. In fact, New Jersey residents are finding it harder than most to manage the … Continue reading →

Posted in Demographics, Economics, Employment, Foreclosures, New Jersey Real Estate, Risky Lending | 86 Comments

Spring Market!

Posted on February 9, 2025 by grim

From the Record: NJ housing inventory spiked by 53% from the end of 2024. Our January market update As New Jersey’s real estate market picked back up in January from December’s end-of-year lull, the Garden State saw significant increases in … Continue reading →

Posted in Economics, Housing Bubble, New Jersey Real Estate | 33 Comments

First Jobs Report of 2025

Posted on February 7, 2025 by grim

From CNBC: The big January jobs report comes out Friday. Here’s what to expect When the Bureau of Labor Statistics releases its nonfarm payrolls count for January, it is projected to show growth of 169,000, down from 256,000 in December, … Continue reading →

Posted in Demographics, Economics, Employment, National Real Estate | 145 Comments

Sorry Jersey

Posted on February 3, 2025 by grim

From the Record: NJ shut out of Zillow’s top 50 housing markets for 2025. Nobody loves New Jersey more than the people who live here. And with its miles of beaches, sprawling green spaces, highly rated restaurants and proximity to … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate, New Jersey Real Estate | 137 Comments

Simmer Down

Posted on January 31, 2025 by grim

From Redfin: The Typical Home Is Taking Nearly 2 Months to Sell. That’s The Slowest Pace in 5 Years. Homes are selling at their slowest pace since the start of the pandemic, and fewer homes are turning over, as mortgage … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate | 197 Comments

New home sales pop!

Posted on January 29, 2025 by grim

From Reuters: US new home sales exceed expectations; rising supply curbs house price growth Sales of new U.S. single-family homes increased more than expected in December, further evidence that housing market activity regained some momentum at the end of 2024, … Continue reading →

Posted in Demographics, Economics, National Real Estate | 191 Comments