Category Archives: Jones on Real Estate

Another Top-10 List — Where Millennials Are Moving 2018

Millennials have made up the top-homebuyer demographic since 2016 and are likely to the primary demand segment for housing for decades to come.   With a current force of 71 million in the population cohort, where Millennials end up moving and working may change the destiny of cities and states across the U.S. – both those …Read more

Another Top-10 List — Metros with Greatest Number of Listings with Prices at $100,000 or Less

Affordability is the new battle cry across the U.S. as home prices continue to escalate at a rate much greater than the corresponding growth in incomes.  This particular affordability issue is being driven by demand simply outstripping supply. From a construction perspective, the U.S. continues to under-build housing.  In the 12-months ending April 2018, a …Read more

Job Growth in May 2018 posts a 223,000 Net Job Gain, Up 1.61 Percent Versus a Year Ago, Unemployment Rate Drops to 3.8 Percent – Lowest in 18 Years

Jobs are everything.  Period.  Good news is that things are looking up. The U.S. added 223,000 net new jobs (preliminary) in May 2018, the best May gain since 2015.  The unemployment rate dropped to 3.8 percent, a level last seen in April 2000 and matches a 50-year low.  In the latest 12-months, the U.S. added …Read more

Commercial Real Estate Cycles Q1 2018 – Dr Glenn Mueller

Finally the report of the quarter for commercial real estate has arrived.  For me this is the most timely read quarterly regarding Commercial Real Estate — Dr. Glenn Mueller’s Real Estate Cycles Q1 2018 report from Black Creek Group – Black Creek Research.  The report contains a critical mass of valuable data spanning major commercial …Read more

Year-To-Date Existing Home Sales Down 0.65 Percent, Seasonally Adjusted Homes Sales Off 1.4 percent Year-Over-Year in April 2018

Tight inventories of listings for sale and rising residential mortgage interest rates slightly deflected existing home sales in April 2018 as reported by the National Association of Realtors®.   Actual sales in April 2018 of 460,000 compared to 447,000 a year ago were up 2.9 percent, but sales year-to-date dipped 0.65 percent.  From a seasonally adjusted …Read more

Another Top-10 List — Richest Cities in America 2018

While the typical American household earns a median income of $57,617 annually, there are some cities where more than one-half earn more than $70,000 per year.  As usual, I invoke the TINSTAANREM axiom — There Is No Such Thing As A National Real Estate Market or a National Economy.  The same is true about incomes. …Read more