Category Archives: Employment

Will the pause continue?

Posted on August 8, 2018 by grim

Great piece from Citylab this morning: This Housing Price Spike Is Different Housing prices are cooking. Across the nation, the price of homes is rising faster than the rate of inflation—in some places by a factor of three. That’s true … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, Housing Recovery | 129 Comments

Is Newark sure it wants Amazon?

Posted on August 7, 2018 by grim

From Vice (first time ever?): Cities Are for Rich People Now and Wooing Amazon Only Makes It Worse If there are two facts of life in the modern American city, they are that rent will be too damn high, and … Continue reading →

Posted in Demographics, Economics, Employment, New Development, New Jersey Real Estate | 70 Comments

Expensive to buy, expensive to rent

Posted on August 6, 2018 by grim

From the Star Ledger: Who the heck can afford N.J.? Search up-to-date prices in every N.J. town for renting, buying If you or anyone you know has been in the New Jersey real estate market, you feel the pain. On … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 119 Comments

Can we afford to fight national politics on a local level?

Posted on July 23, 2018 by grim

Norcross this morning in the Star Ledger: N.J. Congressman: Murphy wants $15 min. wage by year-end. Let’s do it The best social program is a good job with fair wages and the dignity that comes with it. Last week, Governor … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 202 Comments

Here comes the bubble? Or still too early?

Posted on July 15, 2018 by grim

From CNBC: The housing shortage may be turning, warning of a price bubble The most competitive, tightest housing market in decades may finally be loosening its grip, and that could put pressure on overheated home prices. The supply of homes … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, Housing Recovery, National Real Estate | 27 Comments

Rents pushing new highs nationally

Posted on July 10, 2018 by grim

From HousingWire: Rent just jumped to an all-time high We’ve known that the rent may be too damn high for quite a while now, but a new report shows that rent has never been this high before. Newly released data … Continue reading →

Posted in Demographics, Economics, Employment, National Real Estate | 92 Comments

All eyes on jobs today

Posted on July 6, 2018 by grim

From CNBC: Hiring seen strong in June with plenty of jobs for grads Employers may be having a hard time finding workers, but recent graduates and students may be helping fill the ranks this summer and that trend could have … Continue reading →

Posted in Demographics, Economics, Employment | 134 Comments

New Jersey has a serious problem

Posted on July 4, 2018 by grim

From the Star Ledger: Why paychecks in N.J. aren’t growing as fast as the rest of the U.S. New Jersey hit near rock bottom in wage growth last year as compared to the rest of the country, according to new … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 43 Comments

About time…

Posted on June 21, 2018 by grim

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 | 136 Comments

NJ not a place for startups

Posted on June 14, 2018 by grim

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…

Posted on June 13, 2018 by grim

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?

Posted on June 11, 2018 by grim

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…

Posted on June 3, 2018 by grim

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

Posted on June 1, 2018 by grim

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?

Posted on May 31, 2018 by grim

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