Category Archives: Economics

Sounds familiar

Posted on March 15, 2022 by grim

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

Go ahead, quit.

Posted on March 10, 2022 by grim

From CNBC: 4.3 million people quit their jobs in January as the Great Resignation shows no sign of slowing down The pandemic-era phenomenon known as the Great Resignation remained a hallmark of the labor market in early 2022, according to … Continue reading →

Posted in Economics, Employment, National Real Estate | 220 Comments

No limit to home prices?

Posted on March 9, 2022 by grim

From Reuters: U.S. house prices to rise another 10% this year U.S. house prices are set to climb in double digits this year even as the Federal Reserve embarks on its expected series of interest rate hikes, according to a … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 171 Comments

Time to serve

Posted on February 27, 2022 by grim

From NJ1015: Get back to work! NJ lawmakers call for all Motor Vehicle offices to reopenLawmakers are trying to force the Motor Vehicle Commission to fully reopen. State Sen. Kristin Corrado, R-Passaic, said the reason for her proposed legislation is … Continue reading →

Posted in Economics, Employment, Politics | 223 Comments

Isn’t this the American Dream?

Posted on February 25, 2022 by grim

From Yahoo Finance: New Jersey’s American Dream Megamall Is Once Again Sinking in Debt Since its groundbreaking nearly two decades ago, the megamall built in New Jersey’s Meadowlands has done little except hemorrhage cash. Now, less than two years after … Continue reading →

Posted in Economics, Employment, New Development, New Jersey Real Estate, Risky Lending | 326 Comments

Welcome Back

Posted on February 23, 2022 by grim

From CNN: Home prices skyrocketed last year. Two regions saw the biggest increases Home prices rose 18.8% in 2021, according to the S&P CoreLogic Case-Shiller US National Home Price Index, the biggest increase in 34 years of data and substantially … Continue reading →

Posted in Economics, Housing Bubble, Housing Recovery, National Real Estate | 218 Comments

Sorry New York

Posted on February 22, 2022 by grim

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

NJ’s No-Stop Centers

Posted on February 20, 2022 by grim

From NJ1015: NJ lawmakers want to force Murphy administration to open unemployment offices Lawmakers will be introducing legislation to force the Murphy administration to open the Department of Labor’s One-Stop Career Center offices as soon as March 1 to resolve outstanding … Continue reading →

Posted in Economics, Employment, Politics | 62 Comments

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

Posted on February 18, 2022 by grim

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?

Posted on February 16, 2022 by grim

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

Up Up Up

Posted on February 15, 2022 by grim

From the APP: NJ inflation: Energy, furniture, food soar, and retirees may need jobs to pay for it As Valentine’s Day approached, Lou Smith, the owner of Blend on Main in Manasquan, last week found the wholesale price of a 2-pound … Continue reading →

Posted in Economics, New Jersey Real Estate, Where's the Beef? | 90 Comments

Housing survived the pandemic too

Posted on February 14, 2022 by grim

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

Sorry about your savings

Posted on February 11, 2022 by grim

From CNN: America’s annual price increase was worse than economists had forecast A key measure of inflation climbed to a near-40-year high last month. Economists are hopeful that America will reach the peak of the pandemic-era price increases in the early months … Continue reading →

Posted in Economics | 251 Comments

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

Posted on February 10, 2022 by grim

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

Really Zillow?

Posted on February 7, 2022 by grim

From Fortune: Zillow: Our 2022 housing forecast is way off—home prices now set to spike 16% Homebuyers got crushed last year as home prices soared at their highest clip on record. Housing economists saw that price growth—which peaked at a year-over-year rate … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 46 Comments