Category Archives: Economics

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

What buyers?

Posted on October 24, 2024 by grim

From Reuters: US existing home sales slide to 14-year low; prices stay elevated U.S. existing home sales dropped to a 14-year low in September, weighed down by higher mortgage rates and house prices. The second straight monthly decline in home … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 49 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

The Lock In – Illustrated

Posted on October 17, 2024 by grim

From Axios: Low home turnover rate, charted Only a small sliver of U.S. homes changed hands through August this year, according to Redfin. Why it matters: This is one more stunning stat that shows just how stagnant the real estate market has been. … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 78 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

NJ Makes!

Posted on October 10, 2024 by grim

From the APP: NJ manufacturing doing better than you think, making these things you’d never imagine Each month, Unex Manufacturing Inc. executives get a phone call or email from an economic development group in another state — Florida, Texas, South … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate | 150 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

NJ’s warehouse craze over?

Posted on October 3, 2024 by grim

From NJ Spotlight News: Warehouse vacancies rise, fueling claims of an overbuilt market Warehouse vacancies in New Jersey are on the rise, as supply outpaces demand and community groups continue to fight the explosive growth in new construction. The vacancy … Continue reading →

Posted in Economics, New Development, New Jersey Real Estate | 74 Comments

So much for NJ’s economy

Posted on September 30, 2024 by grim

From Reuters: US East Coast port strike looms Tuesday with no talks scheduled U.S. East and Gulf Coast port workers are set to go on strike at midnight on Monday with no talks currently scheduled to head off a stoppage … Continue reading →

Posted in Crisis, Economics, New Jersey Real Estate, Politics, Unrest | 195 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