Category Archives: Economics

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

The first cracks?

From Curbed: SF home prices drop, still unaffordable for all On Thursday, Orange County-based data firm Core Logic reported that the median home price in San Francisco is down year over year, dropping four percent in May. Earlier this year, … Continue reading

Posted in Economics, Housing Bubble, National Real Estate | 31 Comments

May contracts tick higher

From MarketWatch: Pending home sales roar higher, but the housing market is still in low gear Pending home sales jumped by a seasonally adjusted 1.1% in May but were 0.7% lower than a year ago, the National Association of Realtors said … Continue reading

Posted in Economics, National Real Estate | 30 Comments

Blame the Boomers

From The Atlantic: The Boomers Ruined Everything The Baby Boomers ruined America. That sounds like a hyperbolic claim, but it’s one way to state what I found as I tried to solve a riddle. American society is going through a … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate | 139 Comments

Blame Millennials? For what?

From the Guardian: Like it or not, ‘Generation Snowflake’ has got a raw deal The idea of generational conflict has come to prominence in the last few years, but few seem to agree on its shape and causes. Public discussion … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate | 137 Comments

NJ loses 7600 jobs in May

From the APP: NJ jobs faltered in May: Spring slump or Trump tariffs? New Jersey employers tamped down their hiring in May and are growing more pessimistic about their outlook, a series of reports released this week shows. The New … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 110 Comments

Gates invests in Newark

From the Star Ledger: Bill Gates just chose 10 cities to invest in and one of them is in N.J. Newark’s newest initiative to provide free legal help for low-income tenants facing evictions is getting a major boost from three of the … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate | 70 Comments

IRS closes SALT loophole

From Accounting Today: It’s over: States lose fight against SALT deduction cap New York, New Jersey and Connecticut have been fighting a new cap on state and local tax deductions ever since it was included in the 2017 Republican tax … Continue reading

Posted in Economics, New Jersey Real Estate, Politics, Property Taxes | 33 Comments

Train town prices go poof

From Bloomberg: NJ Transit Train Delays Hit a Record After the Governor’s Pledge to Fix Them New Jersey Transit commuter trains have hit their worst on-time and reliability records in the 18 months since Governor Phil Murphy promised to overhaul … Continue reading

Posted in Economics, New Jersey Real Estate, NYC, Politics | 69 Comments

Gettin risky with it

From HousingWire: FHA is increasing lending to riskier borrowers Citing rising risks among the mortgages it is backing, the Federal Housing Administration earlier this year announced that it was changing some of its lending rules to increase the prevalence of manual underwriting. The idea behind the … Continue reading

Posted in Economics, Housing Bubble, Mortgages, Risky Lending | 247 Comments

Flipping will never die

From MarketWatch: Home flipping rate hits 9-year high — and that could foretell troubles in the housing market Home-flipping has rebounded by one key measure. But that’s doesn’t make it an easy path toward becoming rich. Just over 49,000 single-family … Continue reading

Posted in Economics, Employment, National Real Estate, New Development | 34 Comments