Category Archives: Economics

Yeah Right

From NJ1015: GOP plan for ‘once-in-a-lifetime opportunity’ to cut NJ taxes Assembly Republicans want to cut income taxes as part of the new state budget, part of a four-pronged plan for responding to an unprecedented surge in state revenues and … Continue reading

Posted in Economics, Employment, New Jersey Real Estate, Politics | 301 Comments

No national price decline?

From Yahoo Finance: Housing Prices Are Expected to Drop in These Cities — Is Yours One of Them? Housing prices could drop by as much as 10% in many U.S. cities, per Fortune, referencing a new report from Moody’s Analytics. However, the … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate | 237 Comments

NJ UE Falls to 4.1%

From InsiderNJ: NJDOL: New Jersey Job Growth Continues in April  New Jersey’s employment growth continued for the 17th consecutive month in April, as non-farm employment increased by 14,800 jobs to reach a seasonally adjusted level of 4,191,500, while NJ’s unemployment rate … Continue reading

Posted in Economics, Employment, New Jersey Real Estate | 27 Comments

Back to work?

From NJ1015: Extended unemployment insurance to expire for 80,000 NJ workers Eighty-eight weeks of unemployment benefits triggered by the coronavirus pandemic are coming to a close. The New Jersey Department of Labor and Workforce Development announced Thursday that approximately 80,000 New Jersey … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 384 Comments

We’ve been discussing this for the last 10 years…

From Yahoo Money: Mortgage rates hit highest level in 13 years and could cool housing market Mortgage rates hit their highest level since August 2009 this week, following a sharp increase in the 10-year Treasury yield and continuing a breakneck … Continue reading

Posted in Economics, Mortgages, National Real Estate | 62 Comments

Worst ever time to buy?

From Gallup: Record Low in U.S. Say It Is a Good Time to Buy a House Thirty percent of U.S. adults say it is a good time to buy a house, down 23 percentage points from a year ago and … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate | 208 Comments

To say it’s name is to summon it

From Marketwatch: Recession is ‘almost inevitable’: former Fed Gov. Ferguson says For months, former Fed Governor Roger Ferguson has worried the risks of a recession were rising. Now, he said, a recession in 2023 is nearly unavoidable, with the chances … Continue reading

Posted in Economics | 189 Comments

Almost Number 1

From NJ1015: NJ foreclosure rate 2nd-highest in U.S. for March, and all of Q1 New Jersey trailed only Illinois for the highest foreclosure rate in the United States over the first quarter of 2022 as backlogs from pandemic moratoriums continued … Continue reading

Posted in Economics, Foreclosures, New Jersey Real Estate | 343 Comments

If you have to ask…

From Fortune: Another housing bubble? ‘We’re skating close to one,’ says Realtor.com economist This might be the hottest housing market ever recorded. Over the past 12 months, U.S. home prices are up a staggering 19.2%. For comparison, in the years leading into the 2008 … Continue reading

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate | 79 Comments

Nothing to worry about

From Wealth of Common Sense: 4 Reasons the Housing Market Won’t Crash Millennials are the biggest demographic in the country We don’t have enough housing supply No one wants to sell Consumer balance sheets remain strong Discuss.

Posted in Demographics, Economics, National Real Estate | 152 Comments

Expensive everywhere you’d want to live

From Yahoo Finance: Homebuyers just got another grim new statistic: Average home prices in 11 housing markets now exceed $500,000 The U.S. housing market’s half-million dollar club is growing, with more cities than ever posting average home prices above $500,000. … Continue reading

Posted in Demographics, Economics, National Real Estate | 84 Comments

Priced Out

From CNN: Renters are growing pessimistic they will ever own a home as prices keep rising Faced with a white-hot real estate market, renters are losing confidence they will ever own a home. On average only 43.3% of renters expect to … Continue reading

Posted in Demographics, Economics, National Real Estate | 83 Comments

NJ Unemployment Falls To 4.2%

From NJ1015: NJ adds 17,800 jobs, with unemployment and labor force down Employers in New Jersey added 17,800 jobs in March, helping push the state’s unemployment rate down by 0.4 percentage points to 4.2%. Eight of the nine major private … Continue reading

Posted in Demographics, Economics, Employment | 97 Comments

Welcome to 2007

From Forbes: The housing market just hit a level not seen since 2007 The financial sting of soaring home prices—up 32.6% over the past two years—was lessened, to a degree, by historically low mortgage rates during the pandemic. Even as … Continue reading

Posted in Economics, Housing Bubble, Mortgages | 173 Comments

Donuts anyone?

From Bloomberg: New Yorkers Plan to Cut Time Spent in the Office by Half, Survey Finds Most New Yorkers who worked from home during the pandemic plan to cut their time in the office by nearly half and spend less … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 233 Comments