Category Archives: Employment

Pending sales fall again, 11th consecutive month

From CNBC: Pending home sales fall unexpectedly in November Contracts to buy previously owned homes fell unexpectedly in November, the National Association of Realtors said on Friday, the latest sign of weakness in the U.S. housing market. The NAR’s pending … Continue reading

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

What middle class?

From the New York Post: New York City’s endangered middle class in exodus, analysts say New York City’s shrinking middle class is now in full retreat, as masses of our most endangered population depart the city in numbers not seen … Continue reading

Posted in Demographics, Economics, Employment, NYC | 24 Comments

Shiller’s Take

From the NYT: The Housing Boom Is Already Gigantic. How Long Can It Last? We are, once again, experiencing one of the greatest housing booms in United States history. How long this will last and where it is heading next … Continue reading

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

End of Trump’s boom?

From Bloomberg: Americans Turn More Pessimistic on Economy The number of Americans expecting the U.S. economy to get worse in the next year is at its highest point since 2013, a national NBC/Wall Street Journal poll shows. … Overall, 28 … Continue reading

Posted in Economics, Employment, General, National Real Estate | 86 Comments

Another day another tax

From NJ101.5: WHY FEWER CHEAP FLIGHTS MIGHT BE FOUND AT NEWARK AIRPORT Your chances of finding a cheap flight out of Newark Liberty International Airport could soon go down dramatically. You may want to expand your search to John F. … Continue reading

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

Optimistic … but

From NJ101.5: HOW NJ BUSINESSES FEEL ABOUT ECONOMY, MINIMUM WAGE IN 2019 New Jersey businesses don’t really like much about the state in which they operate, but most expect an uptick in sales and profits in 2019, according to a … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 142 Comments

What’s more important, whether people have jobs, or what they get paid?

From NJ Patch: Approximately 1,000 NJ Jobs Will Be Gone By The New Year Some of the announcements came before the stock market plummeted on Tuesday, and talk of a possible recession arose. But the sting of about 1,000 layoffs … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 60 Comments

Jobs boom over, or room to run?

From Bloomberg: Will the U.S. Jobs Boom Last? The U.S. unemployment rate is at an almost 50-year low. Companies increasingly say that workers are hard to find. So how much longer can hiring keep up the pace of the past … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate | 29 Comments

The king falters

From the WSJ: New York’s Wealthiest Cut Losses as Manhattan Real Estate Falters When actor Brian Kerwin decided to sell his longtime Manhattan home—an 1880s Romanesque townhouse he and his late wife had carefully restored—he was hoping it would go … Continue reading

Posted in Demographics, Economics, Employment, New Development, NYC | 172 Comments

The big slow continues

From CNBC: Home price gains shrink to the lowest level since January 2017: September S&P Case-Shiller index Home values are still rising, but the gains have now shrunk to the lowest level since January 2017, as rising mortgage rates cut … Continue reading

Posted in Demographics, Economics, Employment, Mortgages, National Real Estate | 168 Comments

Yes, NJ is a manufacturing powerhouse

From ROINJ: Manufacturing is (hidden) gem of N.J. economy Manufacturing is not dying, it’s evolving. So said John Kennedy, the CEO of the New Jersey Manufacturing Extension Program, at a recent Financial Executives International meeting. “Manufacturing in New Jersey is … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 30 Comments

Sorry Jersey, not for you.

From Fortune: Long Island City Real Estate Booms After Amazon Announces New York Office, Report Says Though Amazon said it won’t begin hiring for its newly announced office in Queens, N.Y. until 2019, condo sales in the neighborhood are already … Continue reading

Posted in Economics, Employment, NYC | 32 Comments

How can the housing market be slowing?

From the NYT: Why the Housing Market Is Slumping Despite a Booming Economy These should be happy times for the housing sector. The economy is booming, with more people working at higher pay, and with the sizable millennial generation reaching … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate | 29 Comments

Monopoly for Millennials is making them mad

Given the weather and hellacious afternoon commute in store for us, I thought I’d post something entertaining. From Fortune: Millennials Tell Hasbro Just How Insulting ‘Monopoly for Millennials’ Really Is Hasbro has released a new game, “Monopoly for Millennials,” and … Continue reading

Posted in Demographics, Economics, Employment, Humor | 154 Comments

A better outcome for NNJ?

Is this actually the best result for NJ? Discuss. From the WSJ: New York City and Northern Virginia will be the homes for Amazon.com Inc.’s second and third headquarters, according to people familiar with the matter, ending a more than … Continue reading

Posted in Economics, Employment, North Jersey Real Estate, NYC | 161 Comments