Category Archives: Demographics

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

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

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

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

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

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

You load 16 tons, what do you get?

From the Star Ledger: Hudson River rail tunnel gets green light from the feds to start building it A major and final bureaucratic hurdle has been cleared by the Gateway Tunnel project after the U.S. Army Corps Of Engineers issued a permit … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate, NYC | 259 Comments

Paying taxes in the Sunshine State

From the Star Ledger: With no SALT deduction, should I move to Florida? There’s no question that taxes across the board are high in New Jersey when compared with other states, and that most taxes in Florida are lower. To … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate, Property Taxes | 166 Comments

Hiring Stalemate in NJ

From NJBIZ: NJBIA survey: 3 in 4 NJ employers faced hiring shortages this year Despite waning fears about the COVID-19 pandemic, three out of every four employers said they’ve struggled to find workers this past year, and many said they’re … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 127 Comments

Real estate is never normal

From the NYT: Will Real Estate Ever Be Normal Again? The third time Drew Mena’s manager asked him about relocating to Austin, Texas, he and his wife, Amena Sengal, began to seriously consider it. They had deliberated each time before, … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate | 189 Comments

Ivy calling Kool-Aid again

From the Real Deal: Strong housing demand a mirage, says analyst who called previous crash Everyone seems to be betting the house on a new home these days. Multibillion-dollar private equity firms. Joe Schmo house-flippers. Even savvy tech firms. Everyone … Continue reading

Posted in Demographics, Economics, National Real Estate, New Development | 241 Comments

Slow but strong

From NJ Business: NJ Home Sales Cool, Prices Remain Hot for Fall High prices and low inventory have continued to cool sales throughout New Jersey. While New Jersey saw a slight decline in closed sales the past few months, overall … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate | 139 Comments

Nothing to see here

From the MPA: Which housing markets have been most vulnerable to COVID? The housing markets in Illinois, New Jersey and Delaware counties are more vulnerable to the impact of the ongoing coronavirus pandemic than elsewhere in the US, according to … Continue reading

Posted in Demographics, Economics, Foreclosures, National Real Estate | 362 Comments