Category Archives: Demographics

Uh Oh Time Yet?

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?

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

Sounds familiar

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

Sorry New York

From Fox News: Wall Street’s hybrid work model likely to squeeze New York’s budget Wall Street’s hybrid work week is here to stay and the economic implications on New York City and New York State’s budgets could prove to be devastating. Some of Wall Street’s … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 82 Comments

Why does NJ think it’s even part of the conversation?

From NJBIZ: NJ rolls out roadmap for 21st century ‘future of work’ State officials on Feb. 17 published a long-awaited slate of recommendations laying out how the New Jersey workforce of the 21st century needs to change in the decades … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 135 Comments

Huh?

From the AP: Biden has long-term inflation plan, but voter patience short President Joe Biden came into office with a plan to fix inflation — just not the particular inflationary problem that the country now faces.  His belief is that … Continue reading

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

Housing survived the pandemic too

From Mortgage News Daily: MBA Says Delinquencies Fall Below Historic Levels For the second time this week a major report on loan performance has confirmed that homeowners are recovering rapidly from the pandemic. The National Delinquency Survey from the Mortgage Bankers Association … Continue reading

Posted in Demographics, Economics, Employment, Mortgages, National Real Estate | 117 Comments

Experts offer milquetoast predictions, nothing you didn’t already know.

This is all you’ve got? Talk about bold predictions. From MarketWatch: ‘Home price growth may return to normalcy.’ 5 economists and real estate pros predict what will happen in the housing market in 2022 Prediction 1: Mortgage rates will rise … Continue reading

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 143 Comments

No return to “normal”

From A Wealth of Common Sense: Why It Could Be Years Until We See a Normal Housing Market The people buying homes today have excellent credit scores. This wasn’t the case in the subprime boom of the early-to-mid aughts when … Continue reading

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

We’ve got all the risk

From NJ1015: More than 1 in 5 high-risk U.S. housing markets are NJ counties A 2021 fourth-quarter report released by ATTOM Data Solutions shows that one-fifth of the nation’s counties most at risk for damage to their housing markets due to COVID-19’s … Continue reading

Posted in Demographics, Economics, Housing Bubble, Politics | 127 Comments

NJ Unemployment Falls to 6.3%

From ROINJ: New Jersey adds jobs for 12th straight month; unemployment rate falls to 6.3% New Jersey Department of Labor & Workforce Development figures for December show the state added 10,100 jobs, according to preliminary estimates by the U.S. Bureau of Labor … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 112 Comments

Just keeps going

From Bloomberg: A Typical U.S. Home Is Now Valued at $320,662 — 20% More Than a Year Ago Mortgage rates are creeping higher, yet the U.S. real estate market is still breaking records.  Home values on average jumped almost 20% … Continue reading

Posted in Demographics, Economics, National Real Estate | 109 Comments

Fun – dah – mentals

From the NYT: Something Has to Give in the Housing Market. Or Does It? Two years into the pandemic, rundown bungalows command bidding wars, buyers keep snatching up places they’ve never seen, and homebuilders can’t find enough cabinet doors for everyone who … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate | 59 Comments

It was legal to discriminate against older workers in NJ

From the Star Ledger: Older workers in N.J. have new protections to help them find a job, get promoted In response to an increasingly older workforce and retirement ages, on Oct. 4, 2021, Gov. Phil Murphy signed a bill expanding … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate | 147 Comments

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