Category Archives: Economics

Get used to it

Posted on July 19, 2022 by grim

From the Record: ‘The new normal’? In NJ, higher prices may be here to stay, say economists With prices rising at their fastest in more than four decades, the question is on the mind of every driver, homeowner, shopper and … Continue reading →

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

Where the money is

Posted on July 18, 2022 by grim

From NJ94.3: 3 New Jersey Counties Are Among The Richest In America We all know there is a lot of money to be found in New Jersey. As a matter of fact, the Garden State is home to three of … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 124 Comments

July Beige Book

Posted on July 15, 2022 by grim

From the Federal Reserve: Beige Book – July 2022 Federal Reserve Bank of New York Summary of Economic ActivityEconomic growth in the Second District slowed to a crawl in the latest reporting period, as demand from households and businesses weakened … Continue reading →

Posted in Demographics, Economics, Employment, New Development, New Jersey Real Estate | 122 Comments

Doesn’t this mean there won’t be a recession?

Posted on July 13, 2022 by grim

From CNBC: 70% of Americans think a recession is coming: Here’s what they are doing to prepare Experts are weighing the odds as to how likely a recession is and how fast it could come upon us. Most Americans — … Continue reading →

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

Like all the locals here I’ve had to sell my home, too proud to leave I work my fingers to the bone.

Posted on July 12, 2022 by grim

From the NYT: The Shrinking of the Middle-Class Neighborhood When Ashley Broadnax thinks of the East Nashville neighborhood she grew up in during the ’90s, the images that rush in have a modest, middle-class tinge. After school, she and other … Continue reading →

Posted in Demographics, Economics, Employment, National Real Estate | 74 Comments

Work From (Rented) Home

Posted on July 11, 2022 by grim

From the NYT: Renters Face Fiercest Competition in Florida and the Northeast Demand for apartments in Florida has intensified, followed by markets in Pennsylvania and New Jersey, as Americans embrace remote work. As pandemic restrictions ease and remote work becomes … Continue reading →

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

Which states are leading the recession?

Posted on July 9, 2022 by grim

From the BEA: Gross Domestic Product by State, 1st Quarter 2022

Posted in Economics, National Real Estate | 58 Comments

Jobs Clues

Posted on July 8, 2022 by grim

From Fox Business: Jobs report will offer fresh recession clues The Labor Department’s monthly jobs report due out Friday is likely to show U.S. employers hired fewer workers last month than in May, and economists say the slowdown may serve … Continue reading →

Posted in Economics, Employment, National Real Estate | 70 Comments

Maybe not a recession…

Posted on July 7, 2022 by grim

Some of my favorite folks on Bloomberg: Ritholtz: Data Doesn’t Support US Recession

Posted in Economics, National Real Estate | 69 Comments

Will prices hold?

Posted on July 6, 2022 by grim

From Bloomberg: Manhattan Home Prices Hit a Record While Sales Frenzy Winds Down Manhattan home sales showed continued strength in the second quarter, though there are clear signs that fears of a recession are slowing down the market. Purchases of condos … Continue reading →

Posted in Economics, Housing Bubble, Housing Recovery, National Real Estate | 161 Comments

Maybe the kids are alright

Posted on July 2, 2022 by grim

From Full Stack Economics: 24 charts that show we’re (mostly) living better than our parents If there’s one thing the left and right seem to agree about, it’s that the US economy’s best days are in the past. “More than … Continue reading →

Posted in Demographics, Economics, Employment | 24 Comments

Northeast Holds Out

Posted on June 28, 2022 by grim

From Forbes: Pending Home Sales See Surprise Rebound In May, But Experts Warn Housing Market Is ‘Undergoing A Transition’ Pending home sales, which measure signed contracts on previously owned and existing properties, unexpectedly rose slightly in May, up 0.7% compared … Continue reading →

Posted in Economics, National Real Estate | 146 Comments

Worth breaking something

Posted on June 15, 2022 by grim

From Bloomberg: Fed Mulls ‘Game Changer’ to Jolt Inflation: Decision Day Guide Federal Reserve Chair Jerome Powell, who’s carefully telegraphed interest rate hikes over four years, looks likely to abandon gradualism and move more forcefully to stamp out inflation along … Continue reading →

Posted in Economics, Politics, Unrest | 156 Comments

Mortgage Rate Bloodbath

Posted on June 14, 2022 by grim

From Mortgage News Daily: Mortgage Rates Surge Well Into the 6% Range After One of The Worst Days in Decades It’s hard to quantify just how bad today was for mortgage rates because there’s no quality day-over-day mortgage rate data from before … Continue reading →

Posted in Economics, Mortgages, National Real Estate | 161 Comments

Different this time?

Posted on June 13, 2022 by grim

From Business Insider: The Great Recession misled millennials: It made them think high home prices will eventually come down History often repeats itself — but when it comes to the current housing market, don’t hold your breath.  If you were … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 155 Comments