Category Archives: Economics

May Case Chiller

Posted on August 1, 2019 by grim

From Marketwatch: Home prices continue to slow in May, Case-Shiller says The numbers: Home price inflation slowed further in May as the S&P CoreLogic Case-Shiller 20-city index rose 0.1% in May compared with April on a seasonally adjusted basis. On an … Continue reading →

Posted in Demographics, Economics, Employment, National Real Estate | 60 Comments

Sorry, no homes for you

Posted on July 29, 2019 by grim

From HousingWire: Millennials want to buy homes, but their wallets are saying no As summertime heats up, it’s safe to say that spring has officially come to an end. But while its cooler days may be behind us, data says … Continue reading →

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

Ugly June

Posted on July 25, 2019 by grim

From CNBC: US existing home sales fell 1.7% in June, vs 0.2% drop expected U.S. home sales fell more than expected in June as a persistent shortage of properties pushed prices to a record high, suggesting the housing market was … Continue reading →

Posted in Economics, National Real Estate | 56 Comments

Pounding salt

Posted on July 20, 2019 by grim

From LoHud: Housing market in Lower Hudson Valley slows as SALT impact weighs on high-end The housing market in the Lower Hudson Valley region has shown a slight slowdown in the second quarter, and experts blame the decline on the new tax … Continue reading →

Posted in Economics, New Jersey Real Estate, NYC, Property Taxes | 49 Comments

NJ bounces back

Posted on July 19, 2019 by grim

From the APP: NJ jobs: Unemployment rate drops to record low 3.5%, leaving employers in a pinch While help-wanted signs abound, employers say they are scrambling to fill jobs in an exercise that could get more difficult as the giant … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 31 Comments

Median price hits new high (but not everywhere)

Posted on July 18, 2019 by grim

From HousingWire: Median home price climbs to all-time high The median price of single-family homes in the U.S. has climbed to a record high, reaching $266,000 in the second quarter. That’s up 10.8% from the previous quarter and up 6.4% … Continue reading →

Posted in Economics, National Real Estate | 46 Comments

Most stable market in…forever?

Posted on July 15, 2019 by grim

From CNBC: Housing-market distress is at its lowest in at least 20 years — can it hold?  In the aftermath of the housing crisis, lenders and regulators clamped down hard to make sure we’d never have another bubble like the … Continue reading →

Posted in Demographics, Economics, Employment, Foreclosures, National Real Estate | 98 Comments

Industrial is hot in NJ

Posted on July 14, 2019 by grim

From GlobeSt: NJ’s Industrial Market Continues to be a Record-Breaker The industrial real estate market in New Jersey continues to see strong demand, higher rents and low availabilities. Commercial brokerage firm CBRE in its latest market report on the industrial … Continue reading →

Posted in Demographics, Economics, Employment, New Development, New Jersey Real Estate | 19 Comments

Maybe we should have chosen another option?

Posted on July 10, 2019 by grim

From the Press of Atlantic City: NJ wage support complicated, less effective than stronger economy New Jersey lawmakers have hobbled the state economy with the worst business tax and regulatory climate in America. That costs residents a lot of prosperity … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 114 Comments

NJ’s glimmer of hope

Posted on July 6, 2019 by grim

From the Star Ledger: Wages up, unemployment down in N.J.’s largest counties as economic recovery continues Wages in Mercer County rose by 7.1 percent last year, the largest increase in New Jersey and one of the biggest in the country, … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 72 Comments

Home prices pick up speed

Posted on July 3, 2019 by grim

From HousingWire: Annual home-price growth reverses course, finally rises After 14 months of slowing home-price gains, the pace of growth finally picked up speed in May, increasing by 3.6% on an annual basis, according to the latest from CoreLogic. And, it … Continue reading →

Posted in Economics, Housing Bubble, Housing Recovery, National Real Estate | 32 Comments

NJ – $10 minimum wage today

Posted on July 1, 2019 by grim

From NJ Spotlight: NJ’S MINIMUM WAGES RISES TO $10 TODAY IN FIRST STEP TOWARD $15 Today more than 200,000 New Jerseyans are getting a raise to $10 an hour, the first in the state’s multi-year move toward a $15-an-hour minimum … Continue reading →

Posted in Demographics, Economics, Employment | 63 Comments

The first cracks?

Posted on June 29, 2019 by grim

From Curbed: SF home prices drop, still unaffordable for all On Thursday, Orange County-based data firm Core Logic reported that the median home price in San Francisco is down year over year, dropping four percent in May. Earlier this year, … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 31 Comments

May contracts tick higher

Posted on June 28, 2019 by grim

From MarketWatch: Pending home sales roar higher, but the housing market is still in low gear Pending home sales jumped by a seasonally adjusted 1.1% in May but were 0.7% lower than a year ago, the National Association of Realtors said … Continue reading →

Posted in Economics, National Real Estate | 30 Comments

Blame the Boomers

Posted on June 25, 2019 by grim

From The Atlantic: The Boomers Ruined Everything The Baby Boomers ruined America. That sounds like a hyperbolic claim, but it’s one way to state what I found as I tried to solve a riddle. American society is going through a … Continue reading →

Posted in Demographics, Economics, Employment, National Real Estate | 140 Comments