Category Archives: Employment

NJ home prices up 552% in 40 years

From Axios: Washington home prices rose more than 800% in 40 years

Posted in Demographics, Economics, Employment, National Real Estate | 48 Comments

From the NY Post: Homes for sale in short supply as there’s now 30 renters for every house on the market in US The number of homes for sale for each renter household in the U.S. remains near record lows, … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate | 55 Comments

Just how many jobs do you need?

Great chart from Visual Capitalist: Mapped: Home Price-to-Income Ratio of Large U.S. Cities

Posted in Demographics, Economics, Employment, National Real Estate | 69 Comments

NJ Makes!

From the APP: NJ manufacturing doing better than you think, making these things you’d never imagine Each month, Unex Manufacturing Inc. executives get a phone call or email from an economic development group in another state — Florida, Texas, South … Continue reading

Posted in Economics, Employment, New Jersey Real Estate | 150 Comments

Jobs Day!

From CNBC: Here’s everything to expect when the September jobs report is released Friday September’s jobs picture is expected to look a lot like August’s — a gradual slowdown in hiring from earlier this year, a modest increase in wages … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate | 89 Comments

Back to “normal”?

From the AP: For home shoppers, the Fed’s big rate cut is likely just a small step towards affording a home The Federal Reserve gave home shoppers what they hoped for this week: a big rate cut and a signal … Continue reading

Posted in Demographics, Economics, Employment, Housing Bubble, Mortgages, National Real Estate | 97 Comments

NJ loses jobs in August

From ROINJ: New Jersey payrolls decline in August; unemployment rate at 4.8%  New Jersey recorded a decrease of 4,400 jobs between July and August, bringing the seasonally adjusted total to 4,369,400 jobs, according to Thursday estimates released by the U.S. Bureau … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 18 Comments

Fed unexpectedly cuts by 50

From CNBC: Fed slashes interest rates by a half point, an aggressive start to its first easing campaign in four years The Federal Reserve on Wednesday enacted its first interest rate cut since the early days of the Covid pandemic, … Continue reading

Posted in Economics, Employment, Mortgages, National Real Estate | 208 Comments

Where can you afford to buy?

From NorthJersey.com: These New Jersey towns have the lowest home prices within 30 minutes of New York City In a new study from PropertyShark, the real estate data provider found the 13 communities with the lowest home prices within a … Continue reading

Posted in Demographics, Economics, Employment, Housing Bubble, New Jersey Real Estate, NYC | 49 Comments

Vampire squid says prices are going up

From Goldman Sachs: US house prices are forecast to rise more than 4% next year US home prices are expected to climb as the Federal Reserve begins cutting interest rates while the underlying economy is still firm, according to Goldman … Continue reading

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate | 71 Comments

Prices to fall? Maybe?

From MSN: These housing markets are poised for a downturn — and they’re not in Florida or Texas ome buyers are contending with record-high home prices across most of the U.S., but some markets are poised for a correction and could offer … Continue reading

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

Can’t afford to stay, can’t afford to go

From The Hill: Americans moving at lowest rate in decades: Census Bureau analysis The percentage of Americans who move is at its lowest rate in recent history. And new research suggests the rate will stay low for quite some time. … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate | 23 Comments

The commercial slump

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…

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

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