Category Archives: Economics

Sorry about your mansion

Posted on April 19, 2019 by grim

From the WSJ, hat tip Anuj: Wealthy Greenwich Home Sellers Give In to Market Realities After four years on the market, and three price cuts, a stately Colonial-style home on Greenwich, Conn.’s tony Round Hill Road is being sold in … Continue reading →

Posted in Economics, National Real Estate | 78 Comments

Slowing in LI, or still strong?

Posted on April 17, 2019 by grim

From Newsday: LI home prices rise, but sales slow and inventory grows, report shows Long Island home prices kept rising as the spring selling season got underway last month, but the pace of sales slowed and inventory is on the … Continue reading →

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

Paid less taxes, nobody cared

Posted on April 15, 2019 by grim

From the NYT: Face It: You (Probably) Got a Tax Cut If you’re an American taxpayer, you probably got a tax cut last year. And there’s a good chance you don’t believe it. Ever since President Trump signed the Republican-sponsored … Continue reading →

Posted in Economics, Politics, Unrest | 29 Comments

Movement of jah people!

Posted on April 12, 2019 by grim

From NJ Spotlight: IS THE FEDERAL SALT CAP PUTTING NJ RESIDENTS ON THE ROAD TO OTHER STATES? Cindy Myers, the president of a moving company based in Mahwah, said she’s seen a big uptick in out-of-state moves in the past … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate, Unrest | 76 Comments

Neighborhood makes a difference? Get real.

Posted on April 11, 2019 by grim

From the APP: Middle class in NJ: Where you grow up determines if you will be rich or poor The chartered bus from Long Branch and Asbury Park made good time to New York City, dropping eighth graders at Samsung to see the latest … Continue reading →

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

Jobs Day

Posted on April 5, 2019 by grim

From CNBC: Friday’s jobs report could eliminate market’s recession fears Companies seem to have done a lot of hiring in March, and if Friday’s jobs report is as strong as expected, it could go a long way towards reducing speculation … Continue reading →

Posted in Economics, Employment, National Real Estate | 92 Comments

Geographic Sorting and Spacial Inequality

Posted on April 4, 2019 by grim

From Citylab: How the 1 Percent Is Pulling America’s Cities and Regions Apart The two gravest challenges facing America today, economic inequality and geographic divides, are increasingly intertwined. Economic inequality has surged with nearly all the growth being captured by … Continue reading →

Posted in Demographics, Economics, Employment, National Real Estate | 68 Comments

Refi window opens again

Posted on April 1, 2019 by grim

From Housingwire: Here’s how many borrowers should refinance after the recent drop in mortgage rates Mortgage rates fell 22 basis points last week to 4.06%, an event that will likely be a gamechanger for the refinance market. According to the latest report … Continue reading →

Posted in Economics, Mortgages, National Real Estate | 102 Comments

Pending Sales Dip

Posted on March 29, 2019 by grim

From CNBC: Pending sales fall in February Pending home sales drop 1% in February, despite lower mortgage rates Homebuyers signed 1 percent fewer contracts to buy existing homes in February compared with January, according to the National Association of Realtors’ … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate | 89 Comments

FHA getting a bit too risky

Posted on March 26, 2019 by grim

From HousingWire: FHA says as many as 50,000 mortgages will be affected by new lending rules Two weeks ago, the Federal Housing Administration took steps to mitigate risks to its single-family portfolio, announcing updates to its TOTAL Mortgage Scorecard that will flag some loans … Continue reading →

Posted in Economics, Mortgages, National Real Estate, Risky Lending | 99 Comments

Where do the rich live?

Posted on March 24, 2019 by grim

From Bloomberg: These Are the Wealthiest Towns in the U.S.

Posted in Demographics, Economics, New Jersey Real Estate, NYC | 105 Comments

Home sales … skyrocket?

Posted on March 23, 2019 by grim

From CNBC: Home sales make record jump, proving how sensitive buyers are to mortgage rates Sales of existing homes skyrocketed a whopping 11.8 percent in February compared with January, according to the National Association of Realtors. That is the largest … Continue reading →

Posted in Economics, Mortgages, National Real Estate | 19 Comments

Expect the worst

Posted on March 21, 2019 by grim

From Bloomberg: Trump Tax Reform Hits Home in Wealthy New York Suburbs Nick Boniakowski’s clients bought a home in Northern New Jersey in 2016. Now they want to move again. They found a house they liked. It wasn’t the charm … Continue reading →

Posted in Economics, New Jersey Real Estate, Property Taxes, Unrest | 65 Comments

Facebook attempts to stop discrimination, after supporting it, and profiting from it, for years.

Posted on March 20, 2019 by grim

From HousingWire: Facebook making massive changes to ad platform after being accused of enabling housing discrimination Facebook is making significant changes to its advertising platform after the social media monolith was accused of enabling discrimination in housing, employment, and lending. The … Continue reading →

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

NJ a bit more unequal

Posted on March 17, 2019 by grim

From the Star Ledger: The gap between rich and poor in N.J. keeps getting bigger. See how bad it is in your town. New Jersey is becoming a more unequal place to live. Over the past five years, the gap … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate | 89 Comments