Category Archives: Employment

The commercial slump

Posted on August 19, 2024 by grim

From NorthJersey.com: New commercial real estate projects have slowed in NJ thanks to high borrowing rates Construction in New Jersey isn’t what it used to be. In the commercial real estate sector — think strip malls, industrial warehousing, research and … Continue reading →

Posted in Crisis, Economics, Employment, National Real Estate, New Development | 73 Comments

That was quick…

Posted on August 5, 2024 by grim

From CNBC: Treasury yields tumble as recession concerns take hold  U.S. Treasurys slid on Monday as fears about a recession grew after a series of key economic data was released last week. At 4:10 a.m. ET, the yield on the 10-year … Continue reading →

Posted in Economics, Employment, Housing Bubble, National Real Estate | 85 Comments

The million dollar starter home

Posted on July 30, 2024 by grim

From National Mortgage Professional: Starter Home Prices Topple $1M In More U.S. Cities The barriers towards homeownership continue to mount for more first-time homebuyers, with Zillow reporting that the number of million-dollar starter homes has tripled since 2019. In more than 200 … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble | 52 Comments

The Gold Coast is Back!

Posted on July 12, 2024 by grim

From Bloomberg: What We Can Learn From Jersey City’s Luxury Housing Boom US renters say there’s now a 60% likelihood they’ll never own a home — the highest reading in at least a decade — and that can help explain why we’re … Continue reading →

Posted in Demographics, Economics, Employment, Gold Coast, Housing Bubble | 88 Comments

No home for you

Posted on June 28, 2024 by grim

From CNN: The housing market is ‘stuck’ until at least 2026, Bank of America warns Help may not be on the way for first-time homebuyers frustrated by high mortgage rates and even higher home prices. Economists at Bank of America … Continue reading →

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

No chance of home price declines?

Posted on June 27, 2024 by grim

From Marketwatch: When will home prices go down? Six economists weigh in. “The U.S. housing shortage is still lingering based on our estimate of 4.5 million additional housing units that are required to make up for the gaps accumulated from … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate | 82 Comments

What’s the next year hold?

Posted on June 26, 2024 by grim

From Fast Company: Updated home price forecasts from Zillow and Moody’s for 400 housing markets Despite strained housing affordability, national home prices, as measured by the Zillow Home Value Index, increased by 3.9% from May 2023 to May 2024 (see … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate | 19 Comments

Cracks in the market?

Posted on June 24, 2024 by grim

From ATTOM: New Jersey And Illinois Have Highest Concentrations Of Housing Markets At Risk Of DeclinesATTOM, a leading curator of land, property, and real estate data, today released a Special Housing Impact Report spotlighting county-level housing markets around the United States … Continue reading →

Posted in Demographics, Economics, Employment, Foreclosures, Housing Bubble, New Jersey Real Estate | 33 Comments

Jobs strong in NJ

Posted on June 21, 2024 by grim

From the NJBIA: NJ Gains Jobs in May, Unemployment Dips to 4.6%  The state’s unemployment rate declined by one-tenth of a percentage point for the second consecutive month to 4.6% in May, according to U.S. Bureau of Labor Statistics data … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 61 Comments

Covid claims another

Posted on June 15, 2024 by grim

From NorthJersey.com: Coach USA bus company files for bankruptcy. How will it impact NJ riders? Paramus-based Coach USA — one of the largest private bus companies in the country — filed to begin Chapter 11 bankruptcy proceedings this week. Dan … Continue reading →

Posted in Crisis, Employment, New Jersey Real Estate, NYC | 16 Comments

Tick tick tick

Posted on June 8, 2024 by grim

From the Daily Mail: Home prices are falling in these 4 former boomtowns – it’s a bad omen for the rest of America Home prices are falling in four former hotspots – as near-record housing costs push homebuyers away.  Three … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate | 25 Comments

Jobs Day!

Posted on June 7, 2024 by grim

From Yahoo Finance: May jobs report expected to show more signs of cooling labor market The May jobs report is expected to show further signs of cooling in the labor market. The monthly report from the Bureau of Labor Statistics, … Continue reading →

Posted in Economics, Employment, National Real Estate | 103 Comments

Until AI takes over

Posted on May 30, 2024 by grim

From the APP: College pays off in NJ: 7th highest median earnings for graduates If you’re graduating from a New Jersey college, you might be in great shape. According to a new study, the Garden State ranks in the top … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 119 Comments

The next tech hotspot?

Posted on May 24, 2024 by grim

From the NY Post: Time to buy in ‘Quantum Valley’? Upstate New York home prices are set to skyrocket as Big Tech moves in Will the San Francisco Bay Area tech hub known as Silicon Valley soon be eclipsed by the … Continue reading →

Posted in Demographics, Economics, Employment, National Real Estate, North Jersey Real Estate, NYC | 45 Comments

Fire all the professors

Posted on May 13, 2024 by grim

Not real estate related, but had to post this snarky masterpiece: From The Atlantic: No One Knows What Universities Are For Last month, the Pomona College economist Gary N. Smith calculated that the number of tenured and tenure-track professors at … Continue reading →

Posted in Crisis, Economics, Employment | 57 Comments