Monthly Archives: July 2019

Pounding salt

From LoHud: Housing market in Lower Hudson Valley slows as SALT impact weighs on high-end The housing market in the Lower Hudson Valley region has shown a slight slowdown in the second quarter, and experts blame the decline on the new tax … Continue reading

Posted in Economics, New Jersey Real Estate, NYC, Property Taxes | 10 Comments

NJ bounces back

From the APP: NJ jobs: Unemployment rate drops to record low 3.5%, leaving employers in a pinch While help-wanted signs abound, employers say they are scrambling to fill jobs in an exercise that could get more difficult as the giant … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 31 Comments

Median price hits new high (but not everywhere)

From HousingWire: Median home price climbs to all-time high The median price of single-family homes in the U.S. has climbed to a record high, reaching $266,000 in the second quarter. That’s up 10.8% from the previous quarter and up 6.4% … Continue reading

Posted in Economics, National Real Estate | 45 Comments

Most stable market in…forever?

From CNBC: Housing-market distress is at its lowest in at least 20 years — can it hold?  In the aftermath of the housing crisis, lenders and regulators clamped down hard to make sure we’d never have another bubble like the … Continue reading

Posted in Demographics, Economics, Employment, Foreclosures, National Real Estate | 98 Comments

Industrial is hot in NJ

From GlobeSt: NJ’s Industrial Market Continues to be a Record-Breaker The industrial real estate market in New Jersey continues to see strong demand, higher rents and low availabilities. Commercial brokerage firm CBRE in its latest market report on the industrial … Continue reading

Posted in Demographics, Economics, Employment, New Development, New Jersey Real Estate | 19 Comments

Maybe we should have chosen another option?

From the Press of Atlantic City: NJ wage support complicated, less effective than stronger economy New Jersey lawmakers have hobbled the state economy with the worst business tax and regulatory climate in America. That costs residents a lot of prosperity … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 114 Comments

NJ’s glimmer of hope

From the Star Ledger: Wages up, unemployment down in N.J.’s largest counties as economic recovery continues Wages in Mercer County rose by 7.1 percent last year, the largest increase in New Jersey and one of the biggest in the country, … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 72 Comments

Home prices pick up speed

From HousingWire: Annual home-price growth reverses course, finally rises After 14 months of slowing home-price gains, the pace of growth finally picked up speed in May, increasing by 3.6% on an annual basis, according to the latest from CoreLogic. And, it … Continue reading

Posted in Economics, Housing Bubble, Housing Recovery, National Real Estate | 32 Comments

NJ – $10 minimum wage today

From NJ Spotlight: NJ’S MINIMUM WAGES RISES TO $10 TODAY IN FIRST STEP TOWARD $15 Today more than 200,000 New Jerseyans are getting a raise to $10 an hour, the first in the state’s multi-year move toward a $15-an-hour minimum … Continue reading

Posted in Demographics, Economics, Employment | 63 Comments