Category Archives: Employment

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

Don’t count the middle class out yet

From the NYT: Middle-Income Jobs Finally Show Signs of a Rebound The American economy is finally creating more middle-income jobs, according to a new analysis released Thursday by the Federal Reserve Bank of New York, in a turnabout from the … Continue reading

Posted in Demographics, Economics, Employment, Housing Recovery, New Jersey Real Estate, NYC | 41 Comments

Northeast not what she used to be

From the Atlantic: An Unsteady Future for New England’s Suburbs The house is a perfect Colonial, white with green shutters, with five bedrooms, a pool, and a spacious lawn. A decade ago, it would have flown off the market. These … Continue reading

Posted in Demographics, Economics, Employment, Housing Recovery | 106 Comments

Future so dark you better bring a flashlight

From Money Magazine: The Most Pessimistic Workers Live in This State Ah. New Jersey. The Garden State. Home to Bruce Springsteen, Gov. Chris Christie, and the most pessimistic population of workers in these United States. That is, according to a … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 84 Comments

July Beige Book

From the Federal Reserve: Beige Book – July 13, 2016 Second District–New York The Second District’s economy has picked up, growing modestly since the last report, and labor markets remain tight. Contacts note continued moderate pressure on input prices and … Continue reading

Posted in Economics, Employment, Housing Recovery, North Jersey Real Estate, NYC | 41 Comments

Investors out as cash sales fall?

From HousingWire: CoreLogic: Fewer buyers paying cash for properties Cash sales made up 33% of total home sales in March 2016, a decrease of 2.4 percentage points annually, according to a recent report by CoreLogic. Monthly, cash sales fell by … Continue reading

Posted in Employment, Housing Recovery, National Real Estate | 106 Comments

A bad May for NJ jobs

From the Record: NJ lost 6,800 jobs in May; unemployment rate ticks up New Jersey lost 6,800 jobs last month, increasing the state’s unemployment rate to 4.9 percent, slightly higher than the national average, the Department of Labor and Workforce … Continue reading

Posted in Economics, Employment, New Jersey Real Estate | 42 Comments

Location and Access to Opportunity are Expensive

From MarketWatch: Opinion: Home prices keep rising — mostly for the rich Residential housing is robust again, perhaps even bubbly. But instead of threatening to inflict another economic collapse on the U.S., rising home prices in fact may be reflecting … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate | 184 Comments

How much further does the Gold Coast have left to run?

From the Real Deal: Land ho! The Gold Coast of New Jersey has gotten so hot for developers in recent years that in many areas near the waterfront there is hardly any land left to go around. The land grab … Continue reading

Posted in Demographics, Economics, Employment, Housing Recovery, New Development, New Jersey Real Estate | 57 Comments

Affordability again pushing buyers to the burbs?

From LoHud: Housing market strong in Lower Hudson Valley The Lower Hudson Valley housing market continued to show its strength, as the total number of first-quarter home sales in Westchester, Rockland and Putnam counties went up by 14.5 percent over … Continue reading

Posted in Employment, Housing Recovery, NYC | 60 Comments

Positive sign for jobs? Or just more of the same?

From the Record: North Jersey employers put out the ‘Help Wanted’ sign Ikea is hiring — and so are Hackensack University Medical Center, Public Service Electric and Gas Co., Eisai and Toys “R” Us, among other North Jersey employers. With … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 80 Comments