Category Archives: General

Aaaaaand, we’re back.

From the Star Ledger: Gym owner says he’ll reopen Monday, whether or not Murphy allows it  A business owner in Bellmawr has decided to “take matters into our own hands” by opening his gym in defiance of a state-ordered closing … Continue reading →

Looks like folks largely stayed home for Mothers Day, but a good portion did venture out the day before. Looks like that weekend traffic is still sitting at the 20% under baseline level. The longer term trend is clearly back … Continue reading →

From NJ Spotlight: Jersey Shore Towns Begin to Open Up — Cautiously: How Ready Are They? New Jersey’s beach towns prepare for a summer season like no other. For the bulk of the 41 municipalities stitched up and down the … Continue reading →

From the NJ DOL: NJ Unemployment Payouts Approach $2B The New Jersey Department of Labor has distributed $1.9 billion in income-supplementing benefits since the COVID-19 pandemic began in mid-March, and this week saw new unemployment claims for the period surpass … Continue reading →

NJ’s First “reopening” weekend – the last three data points on the chart are Friday, Saturday (peak), and Sunday. Saturday was clearly the most mobile day since mid-March. Will be interesting to see this develop over the next few weeks.

Quarantine Fatigue in NJ

From NJBIZ: NJ sees steep drop in new jobless claims, labor data shows Despite record-high nationwide unemployment, New Jersey saw a steep drop in the number of people seeking jobless claims last week as the COVID-19 pandemic slams the breaks … Continue reading →

From News 4: At Least One-Third of New York, New Jersey Residents Had Someone in Their Home Laid Off: Polls Two polls released Monday offer new perspective into the far reaching impact of the coronavirus pandemic in New York and … Continue reading →

From Barrons: Home Buyers Are Looking for Price Cuts. Realtors Say Sellers Aren’t Budging. The coronavirus pandemic has dampened the spring homebuying season by nearly every measure—but buyers still might not find the discounts they’re looking for.  Of the nearly 3,000 agents surveyed … Continue reading →

From the Record: More than 850,000 NJ workers have filed for unemployment since COVID-19 crisis began Close to 20% of New Jersey’s workforce has filed for unemployment benefits in the last five weeks to cover lost income, as businesses remain shuttered and social … Continue reading →

From MarketWatch: Existing-home sales slump 8.5% in March — but the worst is yet to come as the coronavirus hits the U.S. housing market Sales of previously-owned homes slid 8.5% in March as the coronavirus pandemic began to exert pressure … Continue reading →

From CNBC: The New York retail real estate market is reeling because of coronavirus, as rents tumble The coronavirus pandemic is pummeling the retail real estate market in New York City, with rents tumbling and not expected to turn around anytime soon, … Continue reading →

From MarketWatch: Fannie Mae: Home sales will decline by 15% in 2020 due to coronavirus, but what will happen to property prices? At the end of last year, economists expected that 2020 would be a strong year for housing. But … Continue reading →

From HousingWire: It may be harder to get a mortgage after coronavirus crisis ends From an economic standpoint, the main question surrounding the spread of the coronavirus is just how long the country will be shut down and just how … Continue reading →