Unaffordability Creates Opportunity

A number of sources are projecting that New York City real estate will remain flat for the most-part of 2020. A part of that metric reflects the number of New Yorkers leaving the state for places that are more tax-friendly (state, city and real estate taxes). But...

The Affordability Crisis in Real Estate

Affordability. It will be the single most used word in real estate news for the next 15 months. As the nation continues its economic recovery from the Great Recession, the industry most impacted from a negative standpoint, real estate, is facing another crisis:...

Existing Home Sales Increase

The National Association of Realtors reported that year-over-year existing home sales increased 3.9% from 2018. On a month-to-month basis, existing home sales decreased 2.2% from August to a seasonally adjusted annual rate of 5.38 million in September.  Inventory...

Home Flippers Still Making Profits

Flipped Homes Increase Over 12 Percent According to the ATTOM Data Solutions’ Q2 2019 U.S. Home Flipping Report, there were 59,876 single family homes that were flipped in Q2 2019, a 12.4% increase from the previous quarter. On a year-to-year basis, it fell by...

A 2020 Vision for Housing Pt 1

Despite what appears to be a slight slowdown, U.S. home prices continue to rise in most regions, excluding those areas where appreciation has been in the double-digits for years.  But the size of those gains varies greatly from one city to the next. In New Jersey, we...

First-Time Buyer Trending Higher

As the formation of households has slowed, so have the number of first-time buyers fallen from prior levels as recorded from the years 1997 to 2013. In the last 20 years, the number of first-time homebuyers has seen a steady pattern of year-over-year loss. As seen in...