Category Archives: Economics

The Trump Effect

Posted on October 21, 2019 by grim

From CNBC: Robert Shiller: Recession likely years away due to bullish Trump effect Nobel-prize winning economist Robert Shiller believes a recession may be years away due to a bullish Trump effect in the market. According to the Yale University professor, … Continue reading →

Posted in Economics, Employment, National Real Estate, Politics | 15 Comments

NJ UE 3.1%

Posted on October 19, 2019 by grim

From NJBIZ: NJ unemployment dips again in September While job levels remained relatively unchanged, the state’s unemployment rate continued its downward trend for the sixth month in a row. September’s 3.1 percent rate marked a 0.1 percentage point drop – … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate | 27 Comments

Housing a bright spot

Posted on October 17, 2019 by grim

From Housingwire: Federal Reserve report cites “rebounded” housing market The housing market was the bright spot in the Federal Reserve’s monthly economic snapshot released on Tuesday. While consumer spending “softened,” business equipment spending was “sluggish,” and payroll growth has been “moderate,” … Continue reading →

Posted in Demographics, Economics, Employment, National Real Estate | 117 Comments

Hey New Jersey – Trump didn’t do anything to your home values

Posted on October 16, 2019 by grim

From Patch: Don’t Blame Trump Tax Cuts For Essex County Home Values: Opinion  Is President Donald Trump responsible for home values in Essex County? Point the finger somewhere else, some local residents say. Recently, ProPublica and Fortune released a list … Continue reading →

Posted in Demographics, Economics, Employment, Humor, New Jersey Real Estate | 123 Comments

Mortgage company CEO wants tax break so he can write more mortgages

Posted on October 14, 2019 by grim

From Marketwatch: Opinion: This tax break for first-time home buyers could keep the housing market afloat It’s not easy being a home buyer these days. U.S. home prices are high, housing inventory is low, and consumer sentiment is wobbling. A federal … Continue reading →

Posted in Economics, Housing Bubble, Housing Recovery, Mortgages, National Real Estate | 101 Comments

Poverty falls in NJ

Posted on October 11, 2019 by grim

From NJ Spotlight: Poverty in New Jersey in 2018 by County The percentage of New Jerseyans living in poverty last year dropped below 10% for the first time this decade, although the proportion of the state’s residents who are considered … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 82 Comments

Hey New Jersey – Here’s what Trump did to your home values

Posted on October 10, 2019 by grim

From ProPublica: Trump’s Trillion-Dollar Hit to Homeowners

Posted in Economics, National Real Estate, New Jersey Real Estate, Politics, Property Taxes | 45 Comments

Will rent control work in Cali?

Posted on October 9, 2019 by grim

From HousingWire: California enacts statewide rent control During a ceremony Tuesday at a senior citizen center in Oakland, California, Gov. Gavin Newsom signed a statewide law that controls how much landlords can charge for rent. Starting in 2020, the law caps annual … Continue reading →

Posted in Economics, National Real Estate, New Development | 85 Comments

Housing optimism dips, but still very high

Posted on October 8, 2019 by grim

From Yahoo Finance: US housing market optimism slides Optimism about the U.S. housing market may have peaked after hitting its all-time high in August, according to a measure of consumer sentiment. The Fannie Mae Home Purchase Sentiment Index slid 2.3 points … Continue reading →

Posted in Demographics, Economics, Employment, Housing Recovery, National Real Estate | 84 Comments

Not time to drop?

Posted on October 5, 2019 by grim

From HousingWire: CoreLogic says U.S. home-price gains will accelerate through 2020 CoreLogic Chief Economist Frank Nothaft said the pace of home-price gains will quicken over the next 12 months as low mortgage rates give buyers the ability to pay more … Continue reading →

Posted in Economics, Employment, Housing Bubble, National Real Estate | 81 Comments

Not so good in NYC

Posted on October 2, 2019 by grim

From the very rarely cited Fox News: NYC housing prices in near ‘free fall,’ conditions mirror recession era following tax hikes The Manhattan real estate market stumbled in the third quarter of 2019, new reports show, as prices plunged and fewer buyers were willing … Continue reading →

Posted in Economics, Housing Bubble, NYC | 167 Comments

Retire in Bayonne … or Clifton

Posted on September 30, 2019 by grim

What the f*ck? Looking to retire in New Jersey? This Hudson County city is the place to go, rankings say Bayonne is the “it” place in New Jersey — for seniors. The Peninsula City has been ranked the No. 1 … Continue reading →

Posted in Demographics, Economics, Humor, New Jersey Real Estate | 51 Comments

Turns out millennials are not all that different

Posted on September 27, 2019 by grim

From the WSJ: Millennials Continue to Leave Big Cities Large U.S. cities lost tens of thousands of millennial and younger Gen X residents last year, according to Census figures released Thursday that offer fresh signs of cooling urban growth. Cities … Continue reading →

Posted in Demographics, Economics, National Real Estate | 104 Comments

Murphy blows it

Posted on September 26, 2019 by grim

From the Star Ledger: N.J. public worker pension investments fall short  New Jersey’s government-worker pension fund investments fell short in the fiscal year that ended in June. The pension fund returned 6.27 percent, trailing the 7.5 percent the pension system assumes it … Continue reading →

Posted in Economics, New Jersey Real Estate, Politics | 20 Comments

July Case Shiller – eh

Posted on September 25, 2019 by grim

From HousingWire: Case-Shiller: U.S. home-price gains were lethargic in July July 2019 saw an annual increase of 3.2% for home prices nationwide, matching the previous month’s pace, according to the Case-Shiller Home Price Index from S&P Dow Jones Indices and CoreLogic. The 10-City and 20-City composites reported a 1.6% … Continue reading →

Posted in Demographics, Economics, Employment, National Real Estate | 66 Comments