Category Archives: National Real Estate

The kids are alright (kinda)

From Insider: 1980s millennials are finally recovering from the Great Recession Nearly 15 years after the Great Recession hit, the eldest millennials are finally doing alright. Graduating into a blighted job market put them on a rocky road to building both their career … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate | 153 Comments

The new big box mart

From the Real Deal: Northern NJ industrial properties are fetching record rents Warehouse tenants in 2021 paid more for proximity to the largest consumer market in the U.S. than ever before. Retailers, manufacturers and other industrial renters want so badly … Continue reading

Posted in Economics, National Real Estate, New Development, New Jersey Real Estate | 278 Comments

Great Resignation to accelerate?

From NJ1015: Why do more workers plan to jump ship from their jobs in 2022? Job optimism is high as 41% of workers plan to look for a new job in the first six months of 2022, according to Robert … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate | 94 Comments

Slowin’ down

From Fortune: The Great Deceleration? The biggest jump in home prices is behind us—why housing appreciation will slow Year over year, U.S. home prices rose 19.1% between October 2020 and October 2021, according to the S&P CoreLogic Case-Shiller Index, the leading … Continue reading

Posted in Economics, National Real Estate | 118 Comments

“How high is too high?”

From CNBC: Sales of newly built homes tank as affordability hits buyers At some point the price is just too high. That may be increasingly the case for potential buyers of newly built single-family homes. Sales of those homes in … Continue reading

Posted in Economics, National Real Estate, New Development | 114 Comments

Not slowing down yet

From the WSJ: Homes Sold in November at Fastest Pace in 10 Months Existing-home sales, which rose in November to the highest seasonally adjusted annual rate since January, are on track for their strongest year since 2006 as low mortgage-interest … Continue reading

Posted in Economics, Mortgages, National Real Estate | 137 Comments

Where is everyone?

From Politico: U.S. population growth in 2021 slowest since nation’s founding The U.S. population grew just 0.1 percent in 2021, the slowest rate since the nation was founded in the 18th century, according to data from the U.S. Census Bureau. The … Continue reading

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

Grim beginnings

Thanks CNN: US could be in store for a ‘grim beginning’ to the new year, experts warn, as dual variants of Covid-19 spread With the Delta and Omicron coronavirus variants spreading across the nation as the new year approaches, health … Continue reading

Posted in Economics, National Real Estate | 238 Comments

Thanks Millennials!

From the WSJ: Millennials Are Supercharging the Housing Market Alex and Michelle Angert lived the last years of their 20s without a permanent address. They moved out of a small Manhattan apartment in 2018 to stay in short-term rentals around … Continue reading

Posted in Demographics, Economics, National Real Estate | 303 Comments

Realtors: Just 2.9% in 2022

From Fortune: How much 2022 home prices are forecast to shift in each of America’s 100 largest markets It’s official: The rate of U.S. home price growth is finally beginning to decelerate after 16 consecutive months of price acceleration.  That deceleration could … Continue reading

Posted in Economics, National Real Estate | 81 Comments

Prognostication Season

From HousingWire: Will the housing market continue its hot streak in 2022? 1. Demand will continue to be strong into 2022. The first signal we look at to forecast the strength of the housing market is days on market – how fast … Continue reading

Posted in Economics, National Real Estate | 81 Comments

Zillow predicts the future

From Zillow (not that they are ever right on anything): Zillow’s Hot Housing Takes for 2022 2022 will fall just short of record-breaking Sellers keep the upper hand Large rentals will be in high demand The ‘Sun Belt surge’ will … Continue reading

Posted in Demographics, Economics, National Real Estate | 178 Comments

Even when they are down they are up

From CNBC: Home price gains slow down for the first time since May 2020 Home prices are still considerably higher than they were a year ago, when the pandemic caused a massive run on housing, but the gains are finally … Continue reading

Posted in National Real Estate | 150 Comments

Thankful for profit$

From Forbes: Home Prices Hit Record High, Giving Sellers Much To Be Thankful For Home prices hit an all-time high of $359,975 in the four-week period ending November 21, according to a new report from Redfin, a technology-powered real estate brokerage. … Continue reading

Posted in Economics, National Real Estate | 83 Comments

October home sales hold strong

From MarketWatch: Existing-home sales rise slightly as demand remains strong for housing Existing-home sales moved higher in October despite expectations they would do the opposite, underscoring the strong demand for housing across the country. Existing-home sales increased 0.8% between September … Continue reading

Posted in Economics, National Real Estate | 215 Comments