Category Archives: Employment

About time…

From CNBC: Millennials moving out of Mom and Dad’s place, study shows If you have an adult child living at home, you could become an empty nester sooner than you thought. The number of 18- to 34-year-olds living with parents … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate | 129 Comments

NJ not a place for startups

From WNYC: New Jersey Wants to Stake a Claim in the Innovation Economy New Jersey Governor Phil Murphy rarely misses an opportunity to point out the Garden State once was a hub for innovation — where Thomas Edison invented the … Continue reading

Posted in Demographics, Economics, Employment, New Development, New Jersey Real Estate | 228 Comments

Short term looking good for NJ, long term? Ummm…

From the APP: NJ jobs: Companies hiring, and this is why you’d better grab a job now New Jersey employers are recruiting aggressively to fill job openings, but clouds are beginning to build, which could force them to temper their … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 103 Comments

How far can home prices go?

From CNBC: US house prices are going to rise at twice the speed of inflation and pay: Reuters poll An acute shortage of affordable homes in the United States will continue over the coming year, according to a majority of … Continue reading

Posted in Demographics, Economics, Employment, Housing Bubble | 138 Comments

What the hell do accountants know about running business in NJ anyway…

From NJBIZ: State CPAs take dim view of economic future New Jersey’s accountants do not have a favorable outlook on the state’s economy. In a survey of 786 CPAs in the state conducted by the New Jersey Society of CPAs, … Continue reading

Posted in Economics, Employment, New Jersey Real Estate, Property Taxes | 25 Comments

Another Strong Spring Market

From the Otteau Group: MarketNEWS May 31, 2018 Edition NJ YTD Purchase Contracts Back Up After home sales recorded a 6% retraction in March, New Jersey recorded more than 11,000 purchase contracts during the month of April equating to a … Continue reading

Posted in Demographics, Economics, Employment, Foreclosures, Housing Recovery, New Jersey Real Estate | 137 Comments

But are we ready to change?

From the comments the other day, but good enough to get top page billing. From the NY Times: As Office Parks Empty, Towns Turn Vacancies Into Opportunities Perched off a busy road in northern New Jersey with sweeping vistas of … Continue reading

Posted in Demographics, Economics, Employment, New Development, New Jersey Real Estate | 158 Comments

Start looking to sell?

From MarketWatch: Thinking of selling your home? Do it before 2020, economists say Prospective home buyers these days are probably feeling pressure to lock in a deal quickly given skyrocketing home prices across most of the country. But those who … Continue reading

Posted in Economics, Employment, National Real Estate | 188 Comments

How high can it go?

From CNBC: March home prices make their biggest jump in 4 years—and half of the biggest housing markets are now overvalued Home prices have been rising steadily since the recession, but the gains are suddenly accelerating as spring demand heats … Continue reading

Posted in Economics, Employment, Housing Recovery, National Real Estate | 96 Comments

Has Newark made it?

From Bloomberg: A $1 Billion Real Estate Boost for Battered Newark SJP Properties and Aetna Realty are planning to spend as much as $1 billion on a project beside a Newark, New Jersey, commuter-rail hub, the latest in a spree … Continue reading

Posted in Economics, Employment, New Development, New Jersey Real Estate | 63 Comments

Looks pretty gloomy out there

From the Observer: NJ Politics Digest: Another Grim Take on the State’s Economic Outlook Yikes, the economic outlook in New Jersey is pretty grim—and it’s not going to get any better. While that might be the gut feeling of many … Continue reading

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

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