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Monthly Archives: December 2021
Predictions 2022!
Break out your crystal ball and let’s hear ’em! Real Estate Stocks/Securities Economy Commodities Inflation
Posted in General
189 Comments
Whatcha waiting for PA?
From CBS Pittsburgh: Pennsylvania Stands Still As Neighbors Hike Minimum Wage, But Some Lawmakers See Action In 2022 What do Ohio, West Virginia, Maryland, New York, New Jersey and Delaware all share in common besides a border with Pennsylvania? They … Continue reading
Posted in Economics, Employment, Philly
121 Comments
“How high is too high?”
From CNBC: Sales of newly built homes tank as affordability hits buyers At some point the price is just too high. That may be increasingly the case for potential buyers of newly built single-family homes. Sales of those homes in … Continue reading
Posted in Economics, National Real Estate, New Development
114 Comments
Not slowing down yet
From the WSJ: Homes Sold in November at Fastest Pace in 10 Months Existing-home sales, which rose in November to the highest seasonally adjusted annual rate since January, are on track for their strongest year since 2006 as low mortgage-interest … Continue reading
Posted in Economics, Mortgages, National Real Estate
137 Comments
Where is everyone?
From Politico: U.S. population growth in 2021 slowest since nation’s founding The U.S. population grew just 0.1 percent in 2021, the slowest rate since the nation was founded in the 18th century, according to data from the U.S. Census Bureau. The … Continue reading
Posted in Demographics, Economics, National Real Estate
145 Comments
Grim beginnings
Thanks CNN: US could be in store for a ‘grim beginning’ to the new year, experts warn, as dual variants of Covid-19 spread With the Delta and Omicron coronavirus variants spreading across the nation as the new year approaches, health … Continue reading
Posted in Economics, National Real Estate
238 Comments
When do we get our recovery?
From the NY Federal Reserve: The Region Is Struggling to Recover from the Pandemic Recession The pandemic struck the New York-Northern New Jersey region early and hard, and the economy is still struggling to recover nearly two years later. Indeed, employment … Continue reading
Posted in Demographics, Economics, Employment, New Jersey Real Estate, NYC
73 Comments
NJ gets back to work
From NJ101.5: As jobless benefits end, NJ sees surge in hiring As enhanced unemployment benefits expired and tens of thousands of New Jerseyans faced the end of jobless benefits altogether, there are signs the hiring crisis is easing. The Garden … Continue reading
Posted in Demographics, Economics, Employment, New Jersey Real Estate
247 Comments
Thanks Millennials!
From the WSJ: Millennials Are Supercharging the Housing Market Alex and Michelle Angert lived the last years of their 20s without a permanent address. They moved out of a small Manhattan apartment in 2018 to stay in short-term rentals around … Continue reading
Posted in Demographics, Economics, National Real Estate
303 Comments
Realtors: Just 2.9% in 2022
From Fortune: How much 2022 home prices are forecast to shift in each of America’s 100 largest markets It’s official: The rate of U.S. home price growth is finally beginning to decelerate after 16 consecutive months of price acceleration. That deceleration could … Continue reading
Posted in Economics, National Real Estate
81 Comments
Prognostication Season
From HousingWire: Will the housing market continue its hot streak in 2022? 1. Demand will continue to be strong into 2022. The first signal we look at to forecast the strength of the housing market is days on market – how fast … Continue reading
Posted in Economics, National Real Estate
81 Comments
Would someone please think of the $550k a year families. They are not rich.
From the Star Ledger: 96% of N.J. residents would get their full property tax break restored under this Senate plan Efforts to restore the full federal deduction for state and local taxes have run into opposition from some Senate Democrats who want … Continue reading
Posted in Economics, Employment, New Jersey Real Estate, Property Taxes
224 Comments
Zillow predicts the future
From Zillow (not that they are ever right on anything): Zillow’s Hot Housing Takes for 2022 2022 will fall just short of record-breaking Sellers keep the upper hand Large rentals will be in high demand The ‘Sun Belt surge’ will … Continue reading
Posted in Demographics, Economics, National Real Estate
178 Comments
Are they really?
From NJB: Despite Labor Issues, Companies are Still Eyeing NJ, Panelists Say According to the U.S. Bureau of Labor Statistics, October marked the tenth consecutive month of nonfarm job gains in New Jersey. The state’s private sector employers added more … Continue reading
Posted in Economics, Employment, New Jersey Real Estate
252 Comments
$931,698 – What the average NJ resident will pay in taxes over their life
From NJ101.5: New Jersey residents pay the most taxes over a lifetime The governor downplays it and the media, the PR arm of the Democrat Party, seem to ignore it. Taxes are and have been the biggest concerns of most … Continue reading
Posted in Economics, New Jersey Real Estate, Property Taxes
86 Comments