Rutgers professor Will Irving was less sanguine about the office market and the state’s economy. With respect to a hard or soft landing, he said, “it’s still a landing, and the landing that we’re seeing in New Jersey is a little ahead and a little harder than we’re seeing elsewhere.”
Topic
real estate
Jersey Shore workers struggle to find middle-class homes
“We know there is a shortage, a significant shortage of affordable housing in New Jersey, but the middle class is getting squeezed as well,” said Will Irving. “And it’s getting harder and harder for young families to afford to buy a house.”
NAIOP New Jersey to host annual meeting, commercial real estate outlook on Jan. 25
Will Irving will present on the panel of industry experts discussing the connection between local economic trends and the state’s commercial real estate sector.
Research: Eric Seymour co-authors new paper: How Private Equity Landlords Prey on Working-Class Communities of Color
The paper focuses on the Atlanta region and describes the factors contributing to the increase of private equity and real estate investment trusts in single-family home ownership, and how this affects low-income working-class communities of color.
Arena near American Dream could get $2B replacement under new proposal
A massive new convention center and hotel in the New Jersey Meadowlands could cost more than $2.1 billion, but the project would generate far more than that for the local economy, supporters said on Friday. The proposal Friday by the Meadowlands Chamber of Commerce...
More Millennials Are Leaving the Nest to Form Their Own Households
From 2016 to 2021, nearly every state saw a spike in the number of young adults between the ages of 25 and 44 forming new households, a development with far-reaching implications for state populations, economic growth and infrastructure. For many millennials, the...
Many More Single Women Than Men Are Homeowners. Here’s Why
On average, women earn 83 cents for every dollar a man makes — yet single women own roughly 10.7 million homes, compared to 8.1 million for single men, according to a recent analysis from LendingTree that looked at 2021 Census data. That’s a surprising statistic...
Research: The impact of current and former REOs across owner types: the case of Detroit
The study draws on home sale price data in the Detroit tri-county area from 2008–2013. Results indicate REOs owned by HUD and private entities are associated with substantial discounts.
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.
COVID-19 is giving many New Jersey suburbs a big boost
Most sectors of the commercial real estate market in New Jersey have been badly hurt by the COVID-19 pandemic, but that’s not the case with residential real estate. It turns out home sales in many parts of the Garden State are doing great. According to Rutgers...
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