Category Archives: Economics

Blame Millennials? For what?

Posted on June 22, 2019 by grim

From the Guardian: Like it or not, ‘Generation Snowflake’ has got a raw deal The idea of generational conflict has come to prominence in the last few years, but few seem to agree on its shape and causes. Public discussion … Continue reading →

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

NJ loses 7600 jobs in May

Posted on June 21, 2019 by grim

From the APP: NJ jobs faltered in May: Spring slump or Trump tariffs? New Jersey employers tamped down their hiring in May and are growing more pessimistic about their outlook, a series of reports released this week shows. The New … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 110 Comments

Gates invests in Newark

Posted on June 18, 2019 by grim

From the Star Ledger: Bill Gates just chose 10 cities to invest in and one of them is in N.J. Newark’s newest initiative to provide free legal help for low-income tenants facing evictions is getting a major boost from three of the … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate | 70 Comments

IRS closes SALT loophole

Posted on June 16, 2019 by grim

From Accounting Today: It’s over: States lose fight against SALT deduction cap New York, New Jersey and Connecticut have been fighting a new cap on state and local tax deductions ever since it was included in the 2017 Republican tax … Continue reading →

Posted in Economics, New Jersey Real Estate, Politics, Property Taxes | 33 Comments

Train town prices go poof

Posted on June 14, 2019 by grim

From Bloomberg: NJ Transit Train Delays Hit a Record After the Governor’s Pledge to Fix Them New Jersey Transit commuter trains have hit their worst on-time and reliability records in the 18 months since Governor Phil Murphy promised to overhaul … Continue reading →

Posted in Economics, New Jersey Real Estate, NYC, Politics | 70 Comments

Gettin risky with it

Posted on June 11, 2019 by grim

From HousingWire: FHA is increasing lending to riskier borrowers Citing rising risks among the mortgages it is backing, the Federal Housing Administration earlier this year announced that it was changing some of its lending rules to increase the prevalence of manual underwriting. The idea behind the … Continue reading →

Posted in Economics, Housing Bubble, Mortgages, Risky Lending | 249 Comments

Flipping will never die

Posted on June 10, 2019 by grim

From MarketWatch: Home flipping rate hits 9-year high — and that could foretell troubles in the housing market Home-flipping has rebounded by one key measure. But that’s doesn’t make it an easy path toward becoming rich. Just over 49,000 single-family … Continue reading →

Posted in Economics, Employment, National Real Estate, New Development | 34 Comments

All eyes on jobs

Posted on June 7, 2019 by grim

From CNBC: The May jobs report is coming and economic reports don’t get much more important than this one The economy was expected to have added a solid 180,000 jobs in May, but if the payroll number is much stronger … Continue reading →

Posted in Economics, Employment, National Real Estate | 82 Comments

A new record for NYC

Posted on June 5, 2019 by grim

From the WSJ: Philip Falcone Sets NYC Record With Nearly $80 Million Townhouse Sale Former hedge-fund manager Philip Falcone has sold a New York townhouse for close to $80 million, making it the most expensive residential townhouse ever sold in … Continue reading →

Posted in Comp Killer, Economics, Employment, NYC | 137 Comments

We go down now?

Posted on June 3, 2019 by grim

From Fortune: Average Home Values See First Monthly Drop in 7 Years In uncertain times, rising housing values have been one thing keeping our collective spirits up. But, as they say, nothing increases forever, and the U.S. real estate market … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, Housing Recovery, National Real Estate | 86 Comments

Millennials jump in?

Posted on May 30, 2019 by grim

From CNBC: Many millennials say buying a home may finally be within reach Samantha Suckno says knew she wanted to start to build a life with her soon-to-be husband in a home they owned. So she and her fiance, Jason … Continue reading →

Posted in Demographics, Economics, National Real Estate, New Jersey Real Estate | 143 Comments

What NJ Makes…

Posted on May 29, 2019 by grim

From the APP: NJ manufacturing jobs grow, but will parents let kids skip college? Aquatherm, a Lakewood manufacturer that makes solar heating systems for swimming pools, has no shortage of ideas that could help its business grow. Workers, on the … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate | 44 Comments

Rats leave sinking ship

Posted on May 25, 2019 by grim

From Bloomberg: Florida Is the Big Winner as the Wealthy Move Out of Northern States Roughly 5 million Americans move from one state to another annually and some states are clearly making out better than others. Florida and South Carolina … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 15 Comments

Has Asbury made it?

Posted on May 21, 2019 by grim

From the NYT: Asbury Park, N.J.: A Seaside Community Reborn Carolyn Curtin moved to Asbury Park in 2002 and fell in love with a late Victorian house with a falling-down porch and heaven knows what other problems. She knew nothing … Continue reading →

Posted in Economics, Housing Recovery, New Development, Shore Real Estate | 156 Comments

So absurd it needs to be reposted

Posted on May 16, 2019 by grim

From SportsTalk: Paterson, NJ Developers Think An Arena Can Help Save A Struggling Shopping Mall Sports as an economic generator in Paterson, NJ?  It doesn’t appear that any sports league is looking to put a team in Paterson, New Jersey. … Continue reading →

Posted in Economics, New Development, New Jersey Real Estate, Politics | 99 Comments