Monthly Archives: January 2022

Fun – dah – mentals

From the NYT: Something Has to Give in the Housing Market. Or Does It? Two years into the pandemic, rundown bungalows command bidding wars, buyers keep snatching up places they’ve never seen, and homebuilders can’t find enough cabinet doors for everyone who … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate | 58 Comments

Shovels Ready

From the Star Ledger: Feds clear the way for Gateway Tunnel project to get billions in funding The final hurdle needed to qualify for federal funding to start building the $12.3 billion Gateway rail Tunnel was cleared Thursday when the Federal … Continue reading

Posted in New Development, New Jersey Real Estate, NYC | 104 Comments

It was legal to discriminate against older workers in NJ

From the Star Ledger: Older workers in N.J. have new protections to help them find a job, get promoted In response to an increasingly older workforce and retirement ages, on Oct. 4, 2021, Gov. Phil Murphy signed a bill expanding … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate | 147 Comments

The snark is just too good (sorry Mary)

From NJ1015: Is this a $3M dump? No one wants Mary J. Blige’s NJ mansion (Opinion) Singer Mary J. Blige was inducted into the Rock and Roll Hall of Fame last year. She’s won nine Grammy awards, been nominated for … Continue reading

Posted in Economics, Housing Bubble, New Jersey Real Estate | 232 Comments

The kids are alright (kinda)

From Insider: 1980s millennials are finally recovering from the Great Recession Nearly 15 years after the Great Recession hit, the eldest millennials are finally doing alright. Graduating into a blighted job market put them on a rocky road to building both their career … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate | 153 Comments

The new big box mart

From the Real Deal: Northern NJ industrial properties are fetching record rents Warehouse tenants in 2021 paid more for proximity to the largest consumer market in the U.S. than ever before. Retailers, manufacturers and other industrial renters want so badly … Continue reading

Posted in Economics, National Real Estate, New Development, New Jersey Real Estate | 278 Comments

Great Resignation to accelerate?

From NJ1015: Why do more workers plan to jump ship from their jobs in 2022? Job optimism is high as 41% of workers plan to look for a new job in the first six months of 2022, according to Robert … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate | 94 Comments

Slowin’ down

From Fortune: The Great Deceleration? The biggest jump in home prices is behind us—why housing appreciation will slow Year over year, U.S. home prices rose 19.1% between October 2020 and October 2021, according to the S&P CoreLogic Case-Shiller Index, the leading … Continue reading

Posted in Economics, National Real Estate | 118 Comments

The new New Jersey

From NJ Monthly: How Covid-19 Changed the Way We Work in New Jersey When Governor Phil Murphy signed an unprecedented executive order in March 2020 directing New Jersey’s 9 million residents to stay home, the state’s schools and nonessential businesses to shut … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 156 Comments

Strong GDP growth for NJ

From the Star Ledger: Good news: There’s been a wholesale transformation of New Jersey’s economy You might have missed it amid the holiday rush, but 2021 ended with some incredibly positive economic news: for the third quarter, the Garden State ranked … Continue reading

Posted in Economics, Employment, New Jersey Real Estate | 108 Comments

Great Reshuffle Continues

From the Washington Post: A record 4.5 million workers quit or changed jobs in November  The labor market’s record churn reached new heights in November, with 4.5 million workers quitting or changing their jobs, the highest number in the survey’s … Continue reading

Posted in General | 133 Comments

Not such a deep dive

From News 12: Deep Dive: Where things stand now for real estate in New Jersey heading into 2022 Where did 2021 stand when it came to real estate in New Jersey? “Home sales were really hot, especially in the beginning … Continue reading

Posted in Economics, Mortgages, New Jersey Real Estate | 271 Comments