Category Archives: Employment

Lazy millennials already gave up

Posted on September 8, 2023 by grim

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.

Posted on September 5, 2023 by grim

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?

Posted on August 21, 2023 by grim

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

Posted on August 20, 2023 by grim

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

Posted on August 10, 2023 by grim

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!

Posted on August 4, 2023 by grim

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?

Posted on July 18, 2023 by grim

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

Posted on July 16, 2023 by grim

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

Posted on July 10, 2023 by grim

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?

Posted on July 5, 2023 by grim

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

I’m going where there’s no depression, to the lovely land that’s free from care. 

Posted on June 27, 2023 by grim

From Ritholtz: What Recession? Rising rates, falling savings, increased deficits, dubious GDP: Ever since the yield curve inverted and warnings of “imminent recession” filled the air, the Philly Fed’s map of State Coincident Indexes has provided a good real-time snapshot of the state … Continue reading →

Posted in Demographics, Economics, Employment, National Real Estate | 59 Comments

Pending sales tracking far below previous years

Posted on June 16, 2023 by grim

From Redfin: Housing Market Update: There Are Nearly 40% Fewer Homes For Sale Than Pre-Pandemic The total number of U.S. homes for sale dropped 6% from a year earlier during the four weeks ending June 11, the biggest decline in … Continue reading →

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

Fed presses pause

Posted on June 15, 2023 by grim

From CNN: The Fed holds rates steady, pausing its rate-hiking campaign The Federal Reserve said Wednesday it would pause its historic rate-hiking campaign as it waits for the effects to trickle further through the economy, but signaled that additional rate hikes are … Continue reading →

Posted in Economics, Employment, Mortgages, National Real Estate, Politics | 93 Comments

Buying a home in La La Land

Posted on June 9, 2023 by grim

From the Philly Inquirer: The Philly area doesn’t have enough homes available for low- and middle-income buyers More than one million homes nationwide were available for sale in late April. But high prices mean that what’s out there doesn’t match … Continue reading →

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

How much higher can rents go?

Posted on June 8, 2023 by grim

From Zumper: New York City Metro Report

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