Category Archives: Employment

NY Metro Rents Skyrocket

From the Record: Rents are skyrocketing. This report breaks down just how much Housing prices just don’t seem to be letting up. In February, rentals saw the largest increase in price nationwide in more than a year, according to Rent.com’s … Continue reading

Posted in Demographics, Economics, Employment, Housing Bubble, New Jersey Real Estate, NYC | 90 Comments

Commergeddon

From the WSJ: America’s Office Fire Sale Has Barely Begun If offices are in such hot water, where are all the forced sellers? Office-building owners have been under pressure since the Covid-19 pandemic hollowed out their buildings in early 2020. According to data … Continue reading

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate | 36 Comments

Boomers back on top

From Philadelphia Magazine: Boomers Are Downsizing — and Dominating Philly’s Real Estate Market Take a walk through the Laurel, the recently completed luxury condo tower at Rittenhouse Square’s northwest corner, and you might mistake it for a retirement community. When you … Continue reading

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate | 83 Comments

NJ rents only up 2.3%?

From the Bergen Record: Here’s what rent prices look like in NJ, and the US, at the start of 2024 As home prices have continued to soar and mortgage rates remain high, many would-be first-time buyers are opting to stay … Continue reading

Posted in Demographics, Economics, Employment, Housing Bubble, New Jersey Real Estate | 66 Comments

NYC may see it’s glory days again

Hat tip to 3b for the Fortune doom loop article: The ‘prophet of urban doom’ says New York City is in major trouble, and it’s just the first inning of the ballgame: ‘The cycle is out of control’ As nicknames … Continue reading

Posted in Crisis, Demographics, Economics, Employment, Housing Bubble, NYC | 101 Comments

Eatontown = Hollywood?

From NJ.com: Netflix plan to build massive N.J. studio gets key approval Netflix’s plans to build a $903 million production studio complexat the former Fort Monmouth army base got a key approval from a local board Wednesday. The Fort Monmouth Economic … Continue reading

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

NJ second worst state to retire in

From WalletHub: Best and Worst States to Retire (2024) Many people fear that retirement will mark the end of their financial security, and others worry they might never actually get to retire. That’s understandable when 28% of non-retired adults haven’t saved any … Continue reading

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

You too can be a corporate raider

From NorthJersey.com: North Jersey home of legendary RJR Nabisco CEO on the market for $1.5 million After nearly 40 years, a Sparta estate once home to one of the most legendary CEOs of the era of excess, RJR Nabisco’s F. … Continue reading

Posted in Employment, New Jersey Real Estate | 64 Comments

Online gaming not good for the economy?

Who could’a knew? From Gambling News: Report Argues New Jersey iGaming Has Harmed the Economy The gambling industry can provide significant economic boosts to certain areas, creating new jobs and generating millions in tax money. This argument continues to be … Continue reading

Posted in Economics, Employment, New Jersey Real Estate, Politics | 17 Comments

NJ Industrial On Fire

From ROI-NJ: C&W report: Industrial market records highest level of leasing in 2 years Cushman & Wakefield recently released its fourth-quarter 2023 industrial and office statistics for northern and central New Jersey, showing New Jersey’s industrial market recorded its highest level … Continue reading

Posted in Economics, Employment, New Development, New Jersey Real Estate | 47 Comments

NJ Gets Coal for Christmas

From NJBIZ: NJ unemployment rate ticks up in November jobs report  Just before the holiday, the New Jersey Department of Labor and Workforce Development released the state’s November jobs report, which showed an increase of 4,100 jobs (3,100 in the private … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 120 Comments

Out of reach … forever?

From NPR: Most homes for sale in 2023 were not affordable for a typical U.S. household If you found the U.S. housing market impossible this year you were not alone. In fact, you were in the vast majority, according to … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate | 57 Comments

Home sales tick up, slightly

From the Real Deal: Existing home sales rise for first time since May It was by no means a blizzard of activity, but existing home sales increased from October to November, ending a cold spell for the moribund U.S. market. Sales … Continue reading

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

Like the good ol’ days

From Business Insider: HENRYs are turning to a little-known and risky type of mortgage as home prices soar  With home prices and mortgage rates sky high, potential homeowners — even those with deep pockets — are looking for ways to ease the … Continue reading

Posted in Economics, Employment, Housing Bubble, National Real Estate, NYC, Risky Lending | 112 Comments

Prediction Season!

From the APP: Realtor.com released 2024 forecast for top housing markets Coming in at No. 23 was the Allentown-Bethlehem-Easton, PA-NJ area, with forecasts of : The next New Jersey market on the list was New York-Newark-Jersey City, NY-NJ-PA, coming in … Continue reading

Posted in Demographics, Economics, Employment, Housing Bubble, New Jersey Real Estate | 47 Comments