Category Archives: Economics

Let’s get those steaks sizzling – if you can afford it

Posted on June 10, 2022 by grim

From CNBC: Consumer price inflation in May expected to run sizzling hot as energy, food and rent rose Economists expect inflation in May continued to burn white hot, with energy, food, rent and health-care costs all rising. According to Dow … Continue reading →

Posted in Economics, Politics | 147 Comments

“Tappable Equity” at $207,000 per Homeowner

Posted on June 7, 2022 by grim

From CNBC: Housing wealth gains a record $1.2 trillion, but there are signs the market is cooling Homeowners are in the money, and it just keeps coming. Two years of rapidly rising home prices have pushed the the nation’s collective … Continue reading →

Posted in Demographics, Economics, Mortgages, National Real Estate | 287 Comments

Not sure I’d trust Zillow

Posted on June 6, 2022 by grim

From Marketwatch: I’m a senior economist at Zillow. Here are 3 things home buyers should know about the housing market now Buyers should prepare for higher monthly costs There’s no doubt that mortgage rates are rising quickly after hitting a … Continue reading →

Posted in Demographics, Economics, National Real Estate | 171 Comments

Blame COVID

Posted on May 31, 2022 by grim

From CNN: The ‘Great Reshuffling’ played a big part in pushing home prices higher  The pandemic changed the way people lived and, for many, where they lived. Working from home was a significant driver of this “Great Reshuffling” and accounted for … Continue reading →

Posted in Demographics, Economics, Employment, National Real Estate | 171 Comments

Sorry, you missed the top

Posted on May 29, 2022 by grim

From Fortune: The housing market just slid into a full-blown correction, says top economist Mark Zandi Moody’s Analytics chief economist Mark Zandi is ready to call it. He tells Fortune that we’ve officially moved from a housing boom into a “housing correction.” The … Continue reading →

Posted in Economics, Housing Bubble, New Jersey Real Estate | 21 Comments

Yeah Right

Posted on May 25, 2022 by grim

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 | 302 Comments

No national price decline?

Posted on May 23, 2022 by grim

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%

Posted on May 21, 2022 by grim

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?

Posted on May 9, 2022 by grim

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…

Posted on May 7, 2022 by grim

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?

Posted on May 5, 2022 by grim

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

Posted on May 3, 2022 by grim

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

Posted on April 26, 2022 by grim

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…

Posted on April 25, 2022 by grim

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

Posted on April 22, 2022 by grim

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