Category Archives: Employment

Blame COVID

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

Yeah Right

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?

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%

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?

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

Worst ever time to buy?

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

If you have to ask…

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

NJ Unemployment Falls To 4.2%

From NJ1015: NJ adds 17,800 jobs, with unemployment and labor force down Employers in New Jersey added 17,800 jobs in March, helping push the state’s unemployment rate down by 0.4 percentage points to 4.2%. Eight of the nine major private … Continue reading

Posted in Demographics, Economics, Employment | 97 Comments

Donuts anyone?

From Bloomberg: New Yorkers Plan to Cut Time Spent in the Office by Half, Survey Finds Most New Yorkers who worked from home during the pandemic plan to cut their time in the office by nearly half and spend less … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 233 Comments

Did NYC kill NYC?

From the NY Post: NY’s job deficit continues to grow from already high pre-pandemic levels: federal data New York still has 454,000 fewer private-sector jobs than it had two years ago before the coronavirus pandemic hammered the city and state — … Continue reading

Posted in Demographics, Economics, Employment, NYC | 173 Comments

NJ Unemployment down to 4.6%

From the APP: NJ has regained nearly 90% of jobs lost to pandemic, and pay is rising too New Jersey employers added 25,900 jobs in February, the state Department of Labor and Workforce Development reported Thursday, continuing the job market’s … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 40 Comments

Where did they all go?

From the NY Post: Startling data reveals how many people have fled NYC during COVID pandemic The Big Apple’s population has been hollowed out during the COVID-19 pandemic — with Manhattan suffering the biggest population decline among all US counties, according to … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate | 78 Comments

Should I stay or should I go?

From the Star Ledger: Most residents say N.J. is a good place to live, but a third want to leave, poll shows The majority of New Jerseyans like living here, but more than a third say they’d like to move … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 187 Comments

Uh Oh Time Yet?

From Marketwatch: ‘The housing market is in the early stages of a substantial downshift’: Home sales may drop 25% by the end of summer, according to this analyst The popular spring home-buying season is just ramping up. But one analyst … Continue reading

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate | 128 Comments

Top?

From Yahoo Finance: Sales of U.S. Previously Owned Homes Decline to a Six-Month Low Sales of previously owned U.S. homes fell in February by more than forecast to a six-month low as a limited supply of properties and high prices … Continue reading

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate | 188 Comments