Category Archives: Employment

2.5 month supply of homes in Brooklyn

From Bloomberg: Brooklyn Home Sales Jump Most Since ’10 With Listings Near a Low Home sales in Brooklyn jumped the most in seven years while the supply of listings hovered near a record low, pushing buyers toward bidding wars in … Continue reading

Posted in Demographics, Economics, Employment, NYC | 48 Comments

Mortgage delinquencies at 10 year low

From HousingWire: More Americans are now paying their mortgage often, and on time Mortgage delinquency rates, including loans in serious delinquency and even foreclosure inventory, fell at the start of 2017, according to the latest monthly Loan Performance Insights Report … Continue reading

Posted in Demographics, Economics, Employment, Mortgages, National Real Estate | 22 Comments

NJ Unemployment falls to 4.4%

From NJ Biz: N.J. added over 12k jobs in February, new report says New Jersey added 12,600 total nonfarm jobs last month and saw its unemployment rate tick down slightly to 4.4 percent, according to a report released Thursday by … Continue reading

Posted in Economics, Employment, New Jersey Real Estate | 45 Comments

Ruining your Friday

From NJ Spotlight: OP-ED: JIM HUGHES PREDICTS NJ’S POSTSUBURBAN ECONOMY, AND IT ISN’T PRETTY New Jersey is known for many things, not all of them wonderful. Since World War II, with apologies to Bruce Springsteen and Tony Soprano, it is … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 149 Comments

Pending home sales starting to show cracks?

From CNBC: Pending home sales drop unexpectedly to lowest in a year, down 2.8% in January Higher mortgage rates and near record low supply resulted in disappointing home sales to start the year. House hunters signed 2.8 percent fewer contracts … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate | 87 Comments

So much for Bergen…

From the Star Ledger: Less income and cheaper homes: How Bergen County has changed in a decade Bergen County residents are earning less, spending more time commuting to work and have seen their homes continue decrease in value – a … Continue reading

Posted in Demographics, Economics, Employment, North Jersey Real Estate | 50 Comments

Sorry NJ…

From NJ1015: Forecast calls for a braking of New Jersey’s economy While the U.S. economy seems to be moving ahead moderately, New Jersey’s economy is stuck in “slow,” according to the latest Rutgers University economic forecast. The Rutgers RECON forecast … Continue reading

Posted in Economics, Employment, New Jersey Real Estate | 107 Comments

Grrrriiiinnnddd

From the Record: Home prices in NYC region rise, but slowly Home prices in the region continue to rise, but at the slowest pace in the nation, the S&P CoreLogic Case-Shiller index reported Tuesday. Values rose 1.7 percent in the … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate, NYC | 57 Comments

So far away

From the Star Ledger: Home prices in N.J. slower to climb than previously thought, report says While New Jersey home prices are climbing steadily, they won’t reach their previous peak for another seven years, according to a report. Jeffrey Otteau … Continue reading

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

Affordability Sucks, Inventory Sucks, Housing Sucks

From HousingWire: Looking to buy a home? Now is not the time The summer heat also brought with it rising home prices, which reached levels not seen since before the housing crisis. Now, however, as the heat subsides and we … Continue reading

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate | 65 Comments

NJ Market Continues to Lag

From the Record: Region’s home price increase is weakest in U.S. Home prices in the New York metropolitan area inched up in July, but the increase was the weakest in the nation, the S&P CoreLogic Case-Shiller Indices reported today. Nationally, … Continue reading

Posted in Economics, Employment, New Jersey Real Estate | 69 Comments

Christie the problem? Or all the governors before him?

From the Star Ledger: Chris Christie’s state is an economic cripple Newly-released 2015 Census data only further confirms the depth of New Jersey’s economic funk. The state’s recovery is really struggling, people. Compared to other states, including our neighbors, we’ve … Continue reading

Posted in Economics, Employment, New Jersey Real Estate | 107 Comments

NJ economy “in deep trouble”

From the Record: Census shows no big payday for N.J. Years of economic malaise showed broad signs of lifting in 2015 across the United States as higher incomes and other beacons of rising prosperity helped reverse nearly a decade of … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 132 Comments

New Home Sales at 9 Year High

From the WSJ: U.S. New Home Sales Rise to Highest Level Since 2007 Sales of newly built homes rose in July to the highest level in nearly a decade, a sign of solid momentum in the U.S. housing market. Purchases … Continue reading

Posted in Economics, Employment, Housing Recovery, National Real Estate | 196 Comments

As go jobs, so goes housing?

From DS News: Are Low Foreclosure Rates Due to the Job Market? With foreclosure starts being at their lowest level since 2000, Fannie Mae reports that the major drop in foreclosures can be tied to a number of economic factors, … Continue reading

Posted in Economics, Employment, National Real Estate | 82 Comments