“It will take a good deal of time in order to see that new supply has an effect on affordability in markets,” said Eric Seymour of Rutgers University’s Bloustein School of Planning and Public Policy.
Topic
housing market
Economists Are Right To Hate Rent Control
Progressives keep trying to rehabilitate the reputation of rent control, and often misuse existing research to make their case that it's an effective policy with few, if any downsides. The most recent example comes in the form of an essay for The...
Economists Hate Rent Control. Here’s Why They’re Wrong.
The following OpEd was published in The American Prospect by Prof. Mark Paul As any Econ 101 student can tell you, rent control is bad. This is because rent control is a price control, and price controls artificially distort well-functioning markets, resulting in a...
NJ State Policy Lab Marijuana Study featured on NJ.com
A recent study by the New Jersey State Policy Lab, "Does the Decision to Allow Local Cannabis-Related Businesses Impact Home Sale Prices?" by Michael S. Hayes, Associate Professor, Rutgers University-Camden and Prakash Kandel, Ph.D. Student, Rutgers University-Camden,...
Dean Emeritus James W. Hughes says NJ economy is a tightrope of sorts
New Jersey 101.5 wants to know "Summer is fading fast: Will NJ consumers keep spending?" Inflation and interest rates continue to rise and there is concern that NJ will head into a recession if the spending doesn't keep pace. But Hughes suggests, "The labor market...
New Jersey State Policy Lab: New Jersey’s Single-Family Housing Markets by County 2021
Home real estate markets intensified in 2021 due to what appears to have been a buyer frenzy that drove single-family home prices steeply upward across the State of New Jersey. More single-family homes closed despite fewer listings in New Jersey.
New Jersey Policy Lab: Has New Jersey’s Housing Market Peaked? A New Year’s Assessment
The available stock of both single-family and townhouses for sale has been progressively falling since July 2021 when it reached a pandemic peak. But even that peak was close to a third of numbers ten years prior.
New Jersey Policy Lab: A Primer on Housing Markets with a Bird’s Eye View on New Jersey
Expect telecommuting and surge of millennials forming families to push housing demands in NJ, especially in “good” school districts. Lahr notes a widening gap between housing starts and completions–due to supply chain challenges–and considers pandemic impacts on low-income households.
Real estate market trends, future expectations to be discussed at Real Estate Development and Economic Summit, Dec. 13
News, trends in commercial real estate development, regional cooperation, infrastructure construction, best-practices in commercial real estate investment and pricing, finance and debt, economics and land policy, sustainable development, and occupational strategies...
New Rutgers Regional Report: A retrospective and prospective of NJ’s rental housing market
A new Rutgers Regional Report, “The Evolving Rental Housing Market in New Jersey: Retrospective and Prospective,” authored by James W. Hughes, dean of Rutgers University’s Edward J. Bloustein School of Planning and Public Policy, and Joseph J. Seneca, university...