Monthly Archives: March 2022

Did NYC kill NYC?

Posted on March 31, 2022 by grim

From the NY Post: NY’s job deficit continues to grow from already high pre-pandemic levels: federal data New York still has 454,000 fewer private-sector jobs than it had two years ago before the coronavirus pandemic hammered the city and state — … Continue reading →

Posted in Demographics, Economics, Employment, NYC | 173 Comments

A lot to stomach

Posted on March 28, 2022 by grim

From Fortune: The housing market faces its biggest test yet There has been no shortage of theories on how the ongoing housing boom is going to end. Reopening corporate offices were supposed to tamp down on remote workers buying in far-flung places. … Continue reading →

Posted in Demographics, Economics, Mortgages, National Real Estate | 294 Comments

NJ Unemployment down to 4.6%

Posted on March 26, 2022 by grim

From the APP: NJ has regained nearly 90% of jobs lost to pandemic, and pay is rising too New Jersey employers added 25,900 jobs in February, the state Department of Labor and Workforce Development reported Thursday, continuing the job market’s … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 40 Comments

Where did they all go?

Posted on March 25, 2022 by grim

From the NY Post: Startling data reveals how many people have fled NYC during COVID pandemic The Big Apple’s population has been hollowed out during the COVID-19 pandemic — with Manhattan suffering the biggest population decline among all US counties, according to … Continue reading →

Posted in Demographics, Economics, Employment, National Real Estate | 78 Comments

Should I stay or should I go?

Posted on March 24, 2022 by grim

From the Star Ledger: Most residents say N.J. is a good place to live, but a third want to leave, poll shows The majority of New Jerseyans like living here, but more than a third say they’d like to move … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 187 Comments

All eyes on school budgets

Posted on March 23, 2022 by grim

From the Star Ledger: Jersey City slams $1,600 school tax hike, but education group says sides ‘need to figure how to make that work’ The Fulop administration slammed the Jersey City Board of Education for its $1,600-per-average-homeowner tax hike in … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes | 132 Comments

Uh Oh Time Yet?

Posted on March 22, 2022 by grim

From Marketwatch: ‘The housing market is in the early stages of a substantial downshift’: Home sales may drop 25% by the end of summer, according to this analyst The popular spring home-buying season is just ramping up. But one analyst … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate | 128 Comments

Top?

Posted on March 19, 2022 by grim

From Yahoo Finance: Sales of U.S. Previously Owned Homes Decline to a Six-Month Low Sales of previously owned U.S. homes fell in February by more than forecast to a six-month low as a limited supply of properties and high prices … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate | 188 Comments

Bye bye cheap mortgages?

Posted on March 18, 2022 by grim

From the MPA: Mortgage rates – historically low era comes to an end The 30-year mortgage rate climbed above the 4% mark shortly after the Federal Reserve approved its first interest rate hike in more than three years. Freddie Mac … Continue reading →

Posted in Economics, Mortgages, National Real Estate | 65 Comments

Sounds familiar

Posted on March 15, 2022 by grim

From Reuters: First-time U.S. home buyers feeling ‘defeated’ by soaring prices, rising rates Brianna Lombardozzi finally has her finances to a point where she might be able to buy a house. But she isn’t feeling great about her odds. Lombardozzi, … Continue reading →

Posted in Demographics, Economics, Employment, Mortgages, National Real Estate | 284 Comments

Low tax counties see cuts to school aid

Posted on March 13, 2022 by grim

From NJ1015: 6 NJ counties may see property taxes rise due to school aid cuts When Gov. Murphy announces a victory, you always have to look underneath for the real story. That’s because in a tax and spend administration like … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes | 137 Comments

Go ahead, quit.

Posted on March 10, 2022 by grim

From CNBC: 4.3 million people quit their jobs in January as the Great Resignation shows no sign of slowing down The pandemic-era phenomenon known as the Great Resignation remained a hallmark of the labor market in early 2022, according to … Continue reading →

Posted in Economics, Employment, National Real Estate | 220 Comments

No limit to home prices?

Posted on March 9, 2022 by grim

From Reuters: U.S. house prices to rise another 10% this year U.S. house prices are set to climb in double digits this year even as the Federal Reserve embarks on its expected series of interest rate hikes, according to a … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 171 Comments

To the moon

Posted on March 8, 2022 by grim

From Fortune: What home prices will look like in 2023, according to Fannie Mae Homebuyers just got more bad news: In January, 70% of homes for sale ended up in a bidding war. That’s the highest rate on record. Simply put: So … Continue reading →

Posted in Housing Bubble, National Real Estate | 175 Comments

Median list price hits record high

Posted on March 5, 2022 by grim

From the Star Ledger: How much does it cost to own a home in the U.S.? Home prices across the United States have hit an all-time high, meaning more Americans are losing their buying power and fewer Americans are able … Continue reading →

Posted in National Real Estate, New Jersey Real Estate | 189 Comments