Category Archives: Demographics

Shocker, Americans Misinformed

Posted on January 25, 2023 by grim

From the Hill: Survey finds Americans wildly misinformed on housing market  A new survey finds Americans are woefully misinformed about the nation’s mercurial housing market, even as millions of them prepare to buy homes.   Twenty-eight million Americans plan to purchase a … Continue reading →

Posted in Demographics, Economics, Humor, New Jersey Real Estate | 84 Comments

Hey 2010!

Posted on January 21, 2023 by grim

From Reuters: U.S. home sales slump to 12-year low; glimmers of hope emerging U.S. existing home sales plunged to a 12-year low in December, but declining mortgage rates raised cautious optimism that the embattled housing market could be close to … Continue reading →

Posted in Demographics, Economics, Housing Bubble, Mortgages, National Real Estate | 90 Comments

32 months of job growth

Posted on January 20, 2023 by grim

From the NJ Department of Labor and Workforce Development: NJ’s Job Gains Continue with Slight Uptick in December New Jersey’s labor market grew slightly in December, adding 1,400 nonfarm jobs to a seasonally adjusted level of 4,265,700, according to preliminary estimates produced … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 58 Comments

You take the good, you take the bad, you take them both, and there you have…

Posted on January 12, 2023 by grim

From the Times Union: Hudson Valley housing prices exploded in 2020. What happens now? In the late summer of 2019, when the word “pandemic” was most likely to call up images of the Spanish flu or the Black Death, the … Continue reading →

Posted in Demographics, Economics, Employment, NYC | 152 Comments

Is it really so bad?

Posted on January 11, 2023 by grim

From Fox Business: Concerns over a ‘white collar recession’ grow as Goldman Sachs, Morgan Stanley, Amazon and others cut jobs Concerns about a “white collar recession” grew Tuesday after Goldman Sachs began to lay off workers as part of a plan to … Continue reading →

Posted in Demographics, Economics, Employment, National Real Estate | 107 Comments

Sales Plunge in November

Posted on December 23, 2022 by grim

From Reuters: U.S. existing home sales fall for 10th straight month in November U.S. existing home sales slumped to a 2-1/2 year low in November as the housing market continued to be squeezed by higher mortgage rates. Existing home sales … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate | 120 Comments

Worrying our way into, and out of, a recession

Posted on December 19, 2022 by grim

From CNN: Why recession fears are back: Americans are losing faith From the executive suite to the grocery aisles to the halls of the Federal Reserve, the big question is: Can red-hot inflation be vanquished without tipping the economy into … Continue reading →

Posted in Demographics, Economics, Employment, National Real Estate | 62 Comments

Pretty sure this means no recession…

Posted on December 13, 2022 by grim

From Motley Fool: 98% of CEOs Expect a Recession in 12-18 Months Uncertainty has been one of the few consistent themes of recent years. It’s not surprising given that we’re still navigating the aftermath of what was an unprecedented pandemic. … Continue reading →

Posted in Demographics, Economics, Employment, National Real Estate | 97 Comments

Kids these days…

Posted on November 23, 2022 by grim

From Business Insider: Gen Z’s finances are already tanking, and we’re not even in a recession yet Young Americans are still spending as the holiday shopping season ramps up, but they’re running out of money. With a recessionpotentially looming next year, it arguably couldn’t … Continue reading →

Posted in Demographics, Economics | 80 Comments

October housing market hit a wall

Posted on November 22, 2022 by grim

From Mansion Global: October Was a Spooky Month for the U.S. Housing Market Would-be buyers are turning their backs on the turbulent U.S. housing market in droves, according to new data released from Redfin on Monday.  The number of pending … Continue reading →

Posted in Demographics, Economics, Mortgages, National Real Estate | 66 Comments

Blip or recession?

Posted on November 18, 2022 by grim

From NJ1015: Record streak for New Jersey job growth snapped in October New Jersey’s economy lost jobs in October for the first time in nearly two years, snapping the state’s longest streak of job growth since at least the 1980s. … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 89 Comments

Never a good time to be a first time buyer

Posted on November 13, 2022 by grim

From the NYT: ‘It’s Never Our Time’: First-Time Home Buyers Face a Brutal Market First-time buyers account for the smallest share of the market in the 41 years that the National Association of Realtors has tracked such data. In the year from … Continue reading →

Posted in Demographics, Economics, Employment, National Real Estate | 16 Comments

Housing tanks, buyers screwed

Posted on October 21, 2022 by grim

From CNBC: Existing home sales fall to a 10-year low in September, as mortgage rates soar Existing homes are selling at the slowest pace since September 2012, with the exception of a brief drop at the start of the Covid 19 … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, Mortgages, National Real Estate | 70 Comments

The new New Jersey

Posted on October 16, 2022 by grim

From NJ1015: WORK-FROM-HOME SURGE TRANSFORMS NJ ECONOMY Close to 1 million New Jerseyans a day worked from home in 2021, according to Census Bureau estimates from its American Community Survey that underscore the massive changes brought on by the pandemic. … Continue reading →

Posted in Demographics, Economics, Employment | 54 Comments

Price declines for the NY Metro

Posted on October 14, 2022 by grim

From Patch: Long Island Home Prices, Sales Dip As Interest Rates Rise Long Island’s housing prices have finally started to come down from the all-time highs that were set during the summer. But real estate experts say it’s still a … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate, NYC | 132 Comments