Category Archives: Employment

Sorry renters

From RentCafe: Competition for Apartments Intensifies in Midwest This Rental Season, but Miami Holds Onto 1st Place While the Midwest is flexing its muscle in peak rental season, we’re seeing rising competition in the Northeast,as well. The main reason for this … Continue reading

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

Good or Bad?

From NJ Spotlight: Reconciling rising unemployment and strong job growth: NJ’s uncertain fiscal outlook New Jersey’s unemployment rate has steadily risen over the past year and now ranks among the highest in the nation. But while some economists and others … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 71 Comments

Wages Up!

Seems like given the current inflation conditions, we’re in a politically advantageous time to push for minimum wage increases without much noise: Florida’s minimum wage increases this month Montgomery County Introduces Bill To Phase Out Tipped Minimum Wage Connecticut’s minimum … Continue reading

Posted in Economics, Employment, National Real Estate | 24 Comments

Tick Tick Tick

From NJ1015: NJ ADDS JOBS, UNEMPLOYMENT RATE EDGES UP New Jersey’s unemployment rate ticked up in August. The New Jersey Department of Labor and Workforce Development announced on Thursday that the number of jobs in the state grew by 12,300 … Continue reading

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

Sorry about your paycheck

From the WSJ: U.S. Incomes Fall for Third Straight Year Surging inflation gobbled up household income gains last year, making 2022 the third straight year in which Americans saw their living standards eroded by rising prices and pandemic disruptions. Americans’ inflation-adjusted … Continue reading

Posted in Crisis, Demographics, Economics, Employment, National Real Estate | 57 Comments

Lazy millennials already gave up

From Redfin: Redfin Survey: 1 in 5 Millennial Respondents Believe They’ll Never Own a Home Nearly one of every five (18%) millennials and 12% of Gen Zers who replied to a recent housing survey believe they will never own a … Continue reading

Posted in Crisis, Demographics, Economics, Employment, National Real Estate | 111 Comments

Pay up or walk, suckers.

From the Star Ledger: Timing was key in sale of N.J. home for $205K over asking price Location may be the key word in real estate but, like anything else, timing can also make a difference. A house in Closter … Continue reading

Posted in Demographics, Economics, Employment, Housing Bubble, New Jersey Real Estate | 63 Comments

Dark clouds ahead, or too much pessimism?

From ROI-NJ: Survey: Will N.J.’s economy remain as is or worsen by end of 2023? How about that economy? The answer may not be that good: 44% of 434 certified public accountants surveyed by the New Jersey Society of Certified Public … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 63 Comments

Sorry about your job

From the Record: NJ job market numbers are out: See where we’re headed New Jersey’s private sector lost 9,500 jobs in the past two months and the unemployment rate ticked up from 3.7% to 3.9% according to a preliminary jobs report released … Continue reading

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

Another day, another record

From CNBC: The average Manhattan rent just hit a new record of $5,588 a month Rents in Manhattan hit a new high in July, as higher interest rates and low supply continued to drive up prices. The average monthly rent … Continue reading

Posted in Demographics, Economics, Employment, NYC | 40 Comments

Jobs Day!

From Morningstar: July Jobs Report Forecast: Few Signs of a Slowing Economy Forecasts for the July U.S. jobs report call for yet another month of healthy gains in the labor market, with no signs of a recession. Still, if the … Continue reading

Posted in Economics, Employment, New Jersey Real Estate | 116 Comments

Recession fading away?

From CNBC: Goldman Sachs cuts odds of a U.S. recession in the next year Goldman Sachs revised down the odds of a U.S. recession happening in the next 12 months, cutting the probability down to 20% from 25% on the … Continue reading

Posted in Economics, Employment, National Real Estate | 216 Comments

Congestion pricing hurts, until it helps

From ROINJ: The next ‘Stay in N.J.’ program: Why congestion tax hurts N.J. commuters — but could ultimately help N.J. economy New York City officials say their congestion pricing system will collect billions for mass transit — and discourage drivers … Continue reading

Posted in Demographics, Economics, Employment, New Development, New Jersey Real Estate, NYC | 24 Comments

Where you shouldn’t buy

From Yahoo Finance: These Are the 10 Most Overpriced Housing Markets in the U.S. — 5 Are in Florida 10. Nashville, Tennessee 9. Tampa, Florida 8. Deltona, Florida 7. Detroit 6. Palm Bay, Florida 5. Lakeland, Florida 4. Memphis, Tennessee … Continue reading

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate, Where's the Beef? | 22 Comments

How much more unaffordable can it get?

From ATTOM: Home Affordability Worsens Across U.S. During Second Quarter Of 2023 As Home Prices Tick Upwards ATTOM, a leading curator of land, property, and real estate data, today released its second-quarter 2023 U.S. Home Affordability Report showing that median-priced single-family … Continue reading

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