Category Archives: NYC

Affordability again pushing buyers to the burbs?

Posted on April 18, 2016 by grim

From LoHud: Housing market strong in Lower Hudson Valley The Lower Hudson Valley housing market continued to show its strength, as the total number of first-quarter home sales in Westchester, Rockland and Putnam counties went up by 14.5 percent over … Continue reading →

Posted in Employment, Housing Recovery, NYC | 60 Comments

Population patterns in NJ showing urbanization shift

Posted on March 25, 2016 by grim

From the Record: Bergen County leads population growth trend, halts flow to other parts of N.J. A decades-long population shift from northeastern New Jersey to other parts of the state has come to an abrupt halt, with Bergen and Hudson … Continue reading →

Posted in Demographics, Economics, Housing Recovery, North Jersey Real Estate, NYC | 33 Comments

March Beige Book

Posted on March 3, 2016 by grim

From the Federal Reserve: Beige Book – March 2, 2016 – Second District–New York Economic activity in the Second District has remained generally flat since the last report, while labor markets continue to tighten. Selling prices were little changed, while … Continue reading →

Posted in Demographics, Economics, Housing Recovery, New Jersey Real Estate, NYC | 110 Comments

NYC/Philly – US Economic Powerhouse

Posted on February 18, 2016 by grim

I thought this was fitting, given the discussion about NYC/Philly GDP and US economic contribution:

Posted in Demographics, Economics, Employment, North Jersey Real Estate, NYC | 102 Comments

Move over Brooklyn

Posted on February 14, 2016 by grim

From the NYT: Moving to Jersey City? Join the Club. Jersey City is no longer just another gritty town on the wrong side of the Hudson River, dismissed by apartment hunters. As its population soars, new housing rises and buyers … Continue reading →

Posted in Housing Recovery, New Development, NYC | 133 Comments

Local home price gains still lag the nation

Posted on February 11, 2016 by grim

From the Record: North Jersey home prices rise 2% Single-family home prices in the New York metropolitan area ticked up 2 percent in the fourth quarter of 2015, to a median $464,600, the National Association of Realtors reported Wednesday. Nationally, … Continue reading →

Posted in Housing Recovery, New Jersey Real Estate, NYC | 142 Comments

$1m to buy the average condo/coop in NYC

Posted on December 28, 2015 by grim

From the WSJ: New York City Housing Prices Set Record Manhattan apartment prices reached new highs in 2015, with the typical price of a co-op or condominium topping $1 million for the first time as the year drew to a … Continue reading →

Posted in Economics, Housing Recovery, NYC | 97 Comments

Maybe a little NYC magic will rub off on us?

Posted on October 10, 2015 by grim

From the NYT: Manhattan Apartment Prices Near Million-Dollar Mark, Reports Say A million dollars doesn’t buy what it used to in Manhattan. A combination of high demand and too few listings pushed the median sales price for a Manhattan apartment … Continue reading →

Posted in Economics, Housing Recovery, NYC | 42 Comments

Go ahead, hike, I dare you.

Posted on September 17, 2015 by grim

From Reuters: For hot New York property market, a Fed move won’t change much Not even a rate hike from the Federal Reserve is expected to cool off the hot New York commercial real estate market, where demand remains high, … Continue reading →

Posted in Economics, Housing Recovery, New Development, NYC | 106 Comments

What me worry?

Posted on September 14, 2015 by grim

From Real Estate Weekly: Threat of natural disaster does little to dampen home prices Do the high real estate prices in New York and New Jersey equal high danger? The area has certainly seen its share of intense weather in … Continue reading →

Posted in New Jersey Real Estate, NYC, Shore Real Estate | 35 Comments

September Beige Book

Posted on September 3, 2015 by grim

From the Federal Reserve: Beige Book – September 2, 2015 – Second District–New York The Second District’s economy has continued to grow at a modest pace since the last report. Businesses generally report that selling prices remain stable; while input … Continue reading →

Posted in Economics, New Jersey Real Estate, NYC | 61 Comments

As goes our infrastructure, so goes our economy

Posted on August 27, 2015 by grim

From Bloomberg: N.J.’s Creaky Mass Transit Endangers Boom for Wall Street West Jersey City, one of the few bright stars in New Jersey’s employment recovery, is in danger of being strangled by the state’s transportation crisis. The city on the … Continue reading →

Posted in Economics, Employment, New Development, New Jersey Real Estate, NYC | 72 Comments

Schumer’s Tunnel?

Posted on August 12, 2015 by grim

From REW: Hudson River tunnel project back on, says Schumer The Gateway Project, a plan to build a high-speed railway corridor under the Hudson River between New Jersey and New York, is back on. A day after Amtrak president Steven … Continue reading →

Posted in New Development, North Jersey Real Estate, NYC | 84 Comments

Tax breaks working to bring new jobs?

Posted on August 6, 2015 by grim

From the Star Ledger: JP Morgan moving 2,150 jobs to Jersey City, report says JP Morgan Chase has formally decided to relocate 2,150 jobs from Manhattan to an office building here, according to reporting by The Wall Street Journal Wednesday. … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate, NYC | 66 Comments

Vote for Christie – Get a Tunnel

Posted on July 25, 2015 by grim

From the NYT: Chris Christie Claims He Will Pursue the Trans-Hudson Tunnel Project as President Several days of severe delays for rail commuters trying to cross the Hudson River this week has been a painful reminder of the deteriorating state … Continue reading →

Posted in Economics, New Jersey Real Estate, NYC, Politics | 51 Comments