Category Archives: Demographics

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

Hellooo 7 point o

Posted on October 8, 2022 by grim

From CNBC: Unemployment rate falls to 3.5% in September, payrolls rise by 263,000 as job market stays strong Job growth fell just short of expectations in September and the unemployment rate declined despite efforts by the Federal Reserve to slow … Continue reading →

Posted in Demographics, Economics, Employment, National Real Estate | 41 Comments

Poof

Posted on September 28, 2022 by grim

From CNBC: Home prices cooled in July at the fastest rate in the history of S&P Case-Shiller Index U.S. home prices cooled in July at the fastest rate in the history of the S&P CoreLogic Case-Shiller Index, according to a … Continue reading →

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

“More remote work leads to higher house prices and rents”

Posted on September 27, 2022 by grim

From Bloomberg: Remote Work Drove Over 60% of House-Price Surge, Fed Study Finds The shift to working from home drove more than half of the increase in house and rent prices during the pandemic and will likely drive up costs … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate | 86 Comments

The starter home may never exist again

Posted on September 26, 2022 by grim

From the NYT: Whatever Happened to the Starter Home? As recently as the 1990s, when Jason Nageli started off, the home-building industry was still constructing what real-estate ads would brightly call the “starter home.” In the Denver area, he sold … Continue reading →

Posted in Demographics, Economics, National Real Estate | 50 Comments