Category Archives: Employment

What now for NJ unemployed?

Posted on August 25, 2021 by grim

From the Star Ledger: Murphy won’t say if N.J. will extend pandemic unemployment benefits, affecting 500K residents With approximately 500,000 New Jerseyans set to lose pandemic unemployment benefits after the first week of September, Gov. Phil Murphy won’t say if … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate | 216 Comments

Another good year for RE?

Posted on January 16, 2020 by grim

From HousingWire: CoreLogic: Expect home prices to rise 5% by next November In November, home prices climbed by 3.7% from the previous year, according to CoreLogic’s latest Home Price Forecast. The CoreLogic HPI projects future home price growth based on several economic … Continue reading →

Posted in Demographics, Economics, Employment, Housing Recovery, National Real Estate | 116 Comments

End of the NJ HQ?

Posted on January 14, 2020 by grim

From the Star Ledger: N.J. could force employers to pay severance to laid-off workers Stirred by the plight of New Jersey Toys “R” Us workers who lost their jobs when the Wayne-based retailed filed for bankruptcy and shuttered stores across … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate | 79 Comments

Housing Slowing?

Posted on December 30, 2019 by grim

From HousingWire: Home price growth slows but rent keeps rising at 2019 ends Both home prices and rents continued to increase as the year reached an end, but one of those two is increasing faster than the other. Home values … Continue reading →

Posted in Demographics, Economics, Employment, National Real Estate | 26 Comments

NJ Minimum Wage Increasing 10%

Posted on December 27, 2019 by grim

Should be interesting given that 6 months ago, minimum wage in NJ was $8.85. On January 1st, it will move to $11 an hour – roughly a 25% increase from a year ago, which would put NJ at the top … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate | 51 Comments

Nobody wants to sell?

Posted on December 2, 2019 by grim

From the Real Deal Home prices accelerate nationally as owners stay longer The pace of rising home prices quickened in September and existing home sales ticked up 1.9 percent. Average home prices in cities across the nation rose 3.2 percent … Continue reading →

Posted in Demographics, Economics, Employment, Housing Recovery, National Real Estate | 21 Comments

No recession without housing?

Posted on November 28, 2019 by grim

Home price gains accelerate in September, S&P Case-Shiller Index says Sales of new U.S. single-family homes unexpectedly fell in October following recent strong gains, but the overall housing market remains supported by lower mortgage rates. After shrinking for much of … Continue reading →

Posted in Demographics, Economics, Employment, Housing Recovery, National Real Estate | 33 Comments

NJ adds jobs in Oct – unemployment up to 3.2

Posted on November 17, 2019 by grim

From InsiderNJ: NJDOL: New Jersey Payrolls Grow in October Hiring by New Jersey employers picked up in October while New Jersey’s unemployment rate edged higher for the month, according to estimates produced by the U.S. Bureau of Labor Statistics. Total … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 76 Comments

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

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

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