By Michael L. Lahr, Director of Rutgers Economic Research Service (R/ECON™) What is the status of New Jersey housing markets? The bottom line has been more or less the same since June 2020: double-digit price growth prompted by low inventory and depressed interest rates. Have they peaked? That is a tougher call. For sure, the [...]
By Michael L. Lahr, R/ECON™ Housing markets are not just geographically separated, they are socially stratified too (in combination the two generate what is termed, “housing market segmentation”). Properties in a region can differ radically in price (e.g., range between $20,000 and $1,000,000 per acre). Moreover, the buyer base and housing availability for that particular [...]
Michael S. Hayes and Pengju Zhang The COVID-19 pandemic has accelerated changes in investment decisions throughout the economy. For example, the growth in virtual work and e-commerce has likely negatively impacted the demand for some commercial property in New Jersey. A significant increase in vacant and under-occupied property can cause many social problems, including increasing [...]
Samantha Roth Samantha Roth is a Master of Public Administration Student at the School of Public Affairs and Administration at Rutgers University-Newark. She is a research assistant with support from the New Jersey Policy Lab and is presently engaged in a project on the topic of housing policy formulation and implementation in a post-Covid era. [...]
Kyle Farmbry Among the many challenges brought by COVID-19, the pandemic is exposing the vast scope of our housing affordability crisis. This crisis has been brewing for some time, and policy responses such as moratoria on evictions and the provision of rental assistance have provided crucial lifelines for countless families dealing with crisis. However, the [...]
