Category Archives: Employment

NJ wages up 4%

From the Star Ledger: N.J. workers are earning more $$$ but it’s not all good news New Jersey workers now have a few more bucks in their pocket. The average hourly earnings of New Jersey employees in the private sector … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 81 Comments

I think I can I think I can

From Bloomberg: U.S. Home Prices Rise Almost 9%, the Biggest Gain in Four Years Home prices in the U.S. surged 8.8 percent in February — the biggest gain in four years — as buyers battled for an increasingly scarce resource: … Continue reading

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

NJ Lagging Job Recovery

From the Star Ledger: N.J. added 43K jobs in 2017. Here’s why that’s not such good news New Jersey added about 43,000 jobs in the private sector in 2017, about 18,000 less than 2016, according to data released by the … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 170 Comments

No homes left to sell?

From CNBC: Tight supply, rising prices weigh on US home sales U.S. home sales unexpectedly fell in January, leading to the biggest year-on-year decline in more than three years, as a persistent shortage of houses pushed up prices and kept … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate | 156 Comments

Looking good, Billy Ray! Feeling good, Louis!

From HousingWire: Americans gain confidence in housing as home prices rise Americans continue to gain confidence in the housing market, not just despite, but even because of rising home prices, according to the latest Home Purchase Sentiment Index from Fannie … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate | 61 Comments

Net net … nothing?

From the Washington Post: Predictions of a crash in housing prices have not come true Were fears overblown that changes to the federal tax law would trigger plunging home values? You might recall the scary predictions that began coming last … Continue reading

Posted in Demographics, Economics, Employment, Housing Recovery, Politics | 211 Comments

“Homeownership has lost its allure”

From the Star Ledger: Who wants to buy a home in New Jersey? And what happened to the American Dream It used to be part of the American Dream — the cute house in the suburbs with a garage and … Continue reading

Posted in Demographics, Economics, Employment, New Development, New Jersey Real Estate | 85 Comments

Mortgage rates going up

From CNBC: Mortgage rates jump even higher after positive jobs report The good news is Americans are making more money – because they’re going to need it, especially people thinking about buying a home. While the just-released January employment report … Continue reading

Posted in Economics, Employment, Mortgages, National Real Estate | 120 Comments

So what’s in store for NJ?

From the APP: Real estate forecast: Partly sunny, with mix of clouds How would you characterize the health of New Jersey’s residential housing market, from the perspective of homeowners and potential home buyers and sellers? In a word, uncertain. The … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate, Property Taxes | 90 Comments

Wrong way people

From Newsweek: WHY ARE PEOPLE LEAVING CITIES? U.S. MAYORS BLAME HOUSING COSTS Mayors across the United States say that housing costs are the biggest reason that people are moving away from cities, according to a new survey released Tuesday. According … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate, New Development | 58 Comments

NJ Democrats face existential crisis

From the Star Ledger: Democrats take control … of empty treasury | Moran After Gov. Chris Christie hands off to Phil Murphy in two days, liberals in New Jersey will be unleashed to do as they please, with unchecked power … Continue reading

Posted in Economics, Employment, New Jersey Real Estate, Politics, Unrest, Where's the Beef? | 59 Comments

Snow Day Jobs Day!

From Bloomberg: U.S. Added Fewer Jobs Than Expected in December U.S. payroll gains slowed by more than forecast in December, wages picked up slightly and the jobless rate held at the lowest level since 2000, adding to signs of a … Continue reading

Posted in Economics, Employment, National Real Estate | 182 Comments

Do or die time

From NJBIZ: NJ’s challenged suburban economy is now in crisis courtesy of Congress New Jersey is the most suburban state in the nation, which means plenty of malls and office parks. Not too long ago these properties helped make New … Continue reading

Posted in Demographics, Economics, Employment, New Development, New Jersey Real Estate, Property Taxes | 107 Comments

Light Reading for Thanksgiving Morning

From ROI-NJ: Smart Growth coalition offers Murphy blueprint for economy For all the talk of attracting companies, the fact remains that the state has a land supply problem, especially in Northern New Jersey. Consider this: If a manufacturer wanted to … Continue reading

Posted in Demographics, Economics, Employment, New Development, New Jersey Real Estate, Politics | 26 Comments

Selling the tax plan through small business

From the Star Ledger: Why a Trump Cabinet official made a weekend trip to N.J. U.S. Small Business Administrator Linda McMahon discussed the Republican tax cut plan on a trip to New Jersey on Saturday as supporters touted the proposal … Continue reading

Posted in Economics, Employment, New Jersey Real Estate, Politics | 89 Comments