Category Archives: Employment

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

Early indicators of the next building boom?

From HousingWire: March job creation bodes well for housing inventory crisis March job numbers brought welcome news as more jobs were added to the construction market, which bodes well for the current lack of inventory in the market. Job creation … Continue reading

Posted in Demographics, Economics, Employment, Housing Recovery, National Real Estate, New Development | 85 Comments

Jed Kolko drops the bomb on the urbanization myth

From jedkolko.com (former Trulia economist): Urban Revival? Not For Most Americans The U.S. population is now less urban than before the start of the housing bubble. While well-educated, higher-income young adults have become much more likely to live in dense … Continue reading

Posted in Demographics, Economics, Employment, Housing Recovery, National Real Estate | 120 Comments

NJ 2015 Jobs Revision Surprise

From the Record: NJ’s 2015 job creation was better than first reported, but state lost 14,100 jobs in January New Jersey employers created 81,500 jobs last year, even more than the 65,200 originally reported, to make 2015’s employment gains the … Continue reading

Posted in Economics, Employment, New Jersey Real Estate | 77 Comments

Pending home sales flatten YOY

From the WSJ: U.S. Pending Home Sales Tumbled 2.5% in January The number of existing homes tentatively sold across the U.S. fell in January, as swiftly rising prices and lower inventory muted buyer demand after the strongest year in nearly … Continue reading

Posted in Demographics, Economics, Employment, Housing Recovery, National Real Estate | 110 Comments