Category Archives: Economics

Pop?

Posted on August 17, 2022 by grim

From Insider: US home prices could sink as much as 15% in a market crash but a moderate downturn is still more likely, Fitch says The odds of a severe housing downturn have risen, and US home prices could sink … Continue reading →

Posted in Economics, Housing Bubble | 177 Comments

Auto default crisis? Or not?

Posted on August 16, 2022 by grim

From Jalopnik: It Sure Feels Like a Car Loan Crisis Is Coming There could be bad news around the corner as more and more car buyers are having difficulty keeping up with auto loan payments. According to a report from Automotive News, … Continue reading →

Posted in Demographics, Economics, Employment | 74 Comments

Low rates – never again?

Posted on August 13, 2022 by grim

From the Washington Post: The Fed’s Damage to the Housing Market May Last Years With interest rates now hovering around 5%, existing-home sales are down more than 14% from last year. Some potential buyers are sitting on the sidelines until … Continue reading →

Posted in Economics, Housing Bubble, Mortgages, National Real Estate | 54 Comments

Going to battle with NYC

Posted on August 11, 2022 by grim

From NJ Globe: Gottheimer, legislators combat NYC congestion pricing by offering incentives to keep jobs in N.J. Stepping up his fight against New York City’s congestion pricing plan, Rep. Josh Gottheimer (D-Wyckoff) and three Bergen County legislators today announced a … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate, NYC | 160 Comments

Rebalancing or Crash?

Posted on August 8, 2022 by grim

From MarketWatch: Annual home price growth saw ‘the greatest single-month slowdown’ since at least the early 1970s. Does this mean homebuyers are finally getting a break? Is this the news home buyers have finally been looking for? In June, the … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 140 Comments

Jobs Day!

Posted on August 5, 2022 by grim

From CNBC: Stock futures are flat with all eyes on the July jobs report Stock futures were little changed Friday as investors waited for the July jobs report, looking for further clues about the Federal Reserve’s path of rate hikes … Continue reading →

Posted in Demographics, Economics, Employment | 74 Comments

Where people “go” to work

Posted on August 3, 2022 by grim

From the NYT: What Remote Work Debate? They’ve Been Back at the Office for a While. The competition for parking space is getting steeper. Commutes are inching longer. Workplace lounges are filling up with commotion as junior associates play cornhole. … Continue reading →

Posted in Demographics, Economics, Employment, National Real Estate | 111 Comments

Housing market slows … kind of

Posted on August 1, 2022 by grim

From CNBC: Home prices cooled at a record pace in June, according to housing data firm Rising mortgage rates and inflation in the wider economy caused housing demand to drop sharply in June, forcing home prices to cool down. Home … Continue reading →

Posted in Economics, Housing Bubble, Housing Recovery, National Real Estate | 52 Comments

NJ: Want your tax break? Get back to the office.

Posted on July 29, 2022 by grim

Disregard the source, was trying to find a non-paywalled version of this article yesterday. From Florida Realtors: N.J. to Companies: Make Workers Return While companies continue to wrestle with the employee question – Should they be allowed to work remotely … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate, Politics | 152 Comments

Recession Day?

Posted on July 28, 2022 by grim

From the WSJ: Is the U.S. in a recession? GDP report will give us clues On Thursday, we’ll get an important report card on the U.S. economy.  GDP, or gross domestic product, tells us how much the economy grew or … Continue reading →

Posted in Economics | 136 Comments

Is Dr. Doom Right?

Posted on July 26, 2022 by grim

From Bloomberg: Shallow Recession Calls Are ‘Totally Delusional,’ Roubini Warns Economist Nouriel Roubini said the US is facing a deep recession as interest rates rise and the economy is burdened by high debt loads, calling those expecting a shallow downturn … Continue reading →

Posted in Economics, Employment, National Real Estate | 234 Comments

Who to blame?

Posted on July 25, 2022 by grim

From Vice: Good News: Economy Sucks, You’re Screwed, and It’s All Your Fault, Economists Say Good news everyone: wage increases are slowing, raises are getting smaller, layoffs are beginning to happen, and inflation is all your fault. And you should … Continue reading →

Posted in Demographics, Economics, Employment, Politics | 46 Comments

Welcome Back to … Normal?

Posted on July 22, 2022 by grim

From the APP: NJ private-sector jobs back to pre-COVID levels. But will hiring spree last? New Jersey added 9,800 jobs and its unemployment remained a low 3.9% in June, the state Department of Labor and Workforce Development said Thursday in … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 98 Comments

Relief?

Posted on July 21, 2022 by grim

From the Record: New Jersey taxpayers won’t find relief in Phil Murphy’s budget Gov. Phil Murphy and Democrats in the state legislature are lauding themselves for providing relief and improving New Jersey’s economy with their recently passed state budget. Neither … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate, Politics, Property Taxes | 68 Comments

We’ve never wanted a recession so badly

Posted on July 20, 2022 by grim

From MarketWatch: A ‘fake’ recession? The U.S. economy is in decent shape for now despite weak GDP The U.S. might fall prey to recession in the near future, but it isn’t entering one now and any such talk of a … Continue reading →

Posted in Economics, Employment, National Real Estate | 64 Comments