Monthly Archives: July 2022

NJ: Want your tax break? Get back to the office.

Posted on July 29, 2022 by grim

Disregard the source, was trying to find a non-paywalled version of this article yesterday. From Florida Realtors: N.J. to Companies: Make Workers Return While companies continue to wrestle with the employee question – Should they be allowed to work remotely … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate, Politics | 152 Comments

Recession Day?

Posted on July 28, 2022 by grim

From the WSJ: Is the U.S. in a recession? GDP report will give us clues On Thursday, we’ll get an important report card on the U.S. economy.  GDP, or gross domestic product, tells us how much the economy grew or … Continue reading →

Posted in Economics | 136 Comments

Is Dr. Doom Right?

Posted on July 26, 2022 by grim

From Bloomberg: Shallow Recession Calls Are ‘Totally Delusional,’ Roubini Warns Economist Nouriel Roubini said the US is facing a deep recession as interest rates rise and the economy is burdened by high debt loads, calling those expecting a shallow downturn … Continue reading →

Posted in Economics, Employment, National Real Estate | 234 Comments

Who to blame?

Posted on July 25, 2022 by grim

From Vice: Good News: Economy Sucks, You’re Screwed, and It’s All Your Fault, Economists Say Good news everyone: wage increases are slowing, raises are getting smaller, layoffs are beginning to happen, and inflation is all your fault. And you should … Continue reading →

Posted in Demographics, Economics, Employment, Politics | 46 Comments

Welcome Back to … Normal?

Posted on July 22, 2022 by grim

From the APP: NJ private-sector jobs back to pre-COVID levels. But will hiring spree last? New Jersey added 9,800 jobs and its unemployment remained a low 3.9% in June, the state Department of Labor and Workforce Development said Thursday in … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 98 Comments

Relief?

Posted on July 21, 2022 by grim

From the Record: New Jersey taxpayers won’t find relief in Phil Murphy’s budget Gov. Phil Murphy and Democrats in the state legislature are lauding themselves for providing relief and improving New Jersey’s economy with their recently passed state budget. Neither … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate, Politics, Property Taxes | 68 Comments

We’ve never wanted a recession so badly

Posted on July 20, 2022 by grim

From MarketWatch: A ‘fake’ recession? The U.S. economy is in decent shape for now despite weak GDP The U.S. might fall prey to recession in the near future, but it isn’t entering one now and any such talk of a … Continue reading →

Posted in Economics, Employment, National Real Estate | 64 Comments

Get used to it

Posted on July 19, 2022 by grim

From the Record: ‘The new normal’? In NJ, higher prices may be here to stay, say economists With prices rising at their fastest in more than four decades, the question is on the mind of every driver, homeowner, shopper and … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 68 Comments

Where the money is

Posted on July 18, 2022 by grim

From NJ94.3: 3 New Jersey Counties Are Among The Richest In America We all know there is a lot of money to be found in New Jersey. As a matter of fact, the Garden State is home to three of … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 124 Comments

July Beige Book

Posted on July 15, 2022 by grim

From the Federal Reserve: Beige Book – July 2022 Federal Reserve Bank of New York Summary of Economic ActivityEconomic growth in the Second District slowed to a crawl in the latest reporting period, as demand from households and businesses weakened … Continue reading →

Posted in Demographics, Economics, Employment, New Development, New Jersey Real Estate | 122 Comments

About your wage increase…

Posted on July 14, 2022 by grim

From Bloomberg: Rents in US Rise at Fastest Pace Since 1986, Buoying Inflation An index measuring rent of a primary residence was 0.8% higher in June than the month before, an acceleration from the 0.6% increase recorded in May, according … Continue reading →

Posted in General | 81 Comments

Doesn’t this mean there won’t be a recession?

Posted on July 13, 2022 by grim

From CNBC: 70% of Americans think a recession is coming: Here’s what they are doing to prepare Experts are weighing the odds as to how likely a recession is and how fast it could come upon us. Most Americans — … Continue reading →

Posted in Demographics, Economics, National Real Estate | 116 Comments

Like all the locals here I’ve had to sell my home, too proud to leave I work my fingers to the bone.

Posted on July 12, 2022 by grim

From the NYT: The Shrinking of the Middle-Class Neighborhood When Ashley Broadnax thinks of the East Nashville neighborhood she grew up in during the ’90s, the images that rush in have a modest, middle-class tinge. After school, she and other … Continue reading →

Posted in Demographics, Economics, Employment, National Real Estate | 74 Comments

Work From (Rented) Home

Posted on July 11, 2022 by grim

From the NYT: Renters Face Fiercest Competition in Florida and the Northeast Demand for apartments in Florida has intensified, followed by markets in Pennsylvania and New Jersey, as Americans embrace remote work. As pandemic restrictions ease and remote work becomes … Continue reading →

Posted in Demographics, Economics, Employment, National Real Estate | 69 Comments

Which states are leading the recession?

Posted on July 9, 2022 by grim

From the BEA: Gross Domestic Product by State, 1st Quarter 2022

Posted in Economics, National Real Estate | 58 Comments