Category Archives: NYC

Back to Work

Posted on September 19, 2022 by grim

From CNBC: New York City is getting closer to the tipping point in return to office work Jamie Dimon may have been off by a year, but New York City’s offices are finally starting to fill up. In May 2021, … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate, NYC | 102 Comments

Going to battle with NYC

Posted on August 11, 2022 by grim

From NJ Globe: Gottheimer, legislators combat NYC congestion pricing by offering incentives to keep jobs in N.J. Stepping up his fight against New York City’s congestion pricing plan, Rep. Josh Gottheimer (D-Wyckoff) and three Bergen County legislators today announced a … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate, NYC | 160 Comments

Did NYC kill NYC?

Posted on March 31, 2022 by grim

From the NY Post: NY’s job deficit continues to grow from already high pre-pandemic levels: federal data New York still has 454,000 fewer private-sector jobs than it had two years ago before the coronavirus pandemic hammered the city and state — … Continue reading →

Posted in Demographics, Economics, Employment, NYC | 173 Comments

Lawwwnguyland

Posted on February 5, 2022 by grim

From Newsday: Long Island home prices surged 60% since 2012 Long Island homebuyers today have to spend more, move faster and choose from a vastly smaller roster of listings than a decade ago, according to a new report from real … Continue reading →

Posted in Economics, National Real Estate, NYC | 81 Comments

Shovels Ready

Posted on January 21, 2022 by grim

From the Star Ledger: Feds clear the way for Gateway Tunnel project to get billions in funding The final hurdle needed to qualify for federal funding to start building the $12.3 billion Gateway rail Tunnel was cleared Thursday when the Federal … Continue reading →

Posted in New Development, New Jersey Real Estate, NYC | 104 Comments

When do we get our recovery?

Posted on December 19, 2021 by grim

From the NY Federal Reserve: The Region Is Struggling to Recover from the Pandemic Recession The pandemic struck the New York-Northern New Jersey region early and hard, and the economy is still struggling to recover nearly two years later. Indeed, employment … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate, NYC | 73 Comments

You load 16 tons, what do you get?

Posted on December 3, 2021 by grim

From the Star Ledger: Hudson River rail tunnel gets green light from the feds to start building it A major and final bureaucratic hurdle has been cleared by the Gateway Tunnel project after the U.S. Army Corps Of Engineers issued a permit … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate, NYC | 259 Comments

LI hitting a wall?

Posted on November 17, 2021 by grim

From Long Island Business News: Long Island home prices head lower again The prices of Long Island homes dropped for the second straight month in October.  The median price of closed home sales in Nassau County last month was $650,000, down from the $661,500 median … Continue reading →

Posted in National Real Estate, NYC, Price Reduced | 163 Comments

Still strong on LI

Posted on January 12, 2020 by grim

From LI Business News: Long Island home prices climb on strong sales Prices of Long Island homes sold last month rose compared with a year ago, boosted by strong demand and a shrinking supply. The median price of homes contracted … Continue reading →

Posted in Economics, Housing Recovery, NYC | 36 Comments

Not so good in NYC

Posted on October 2, 2019 by grim

From the very rarely cited Fox News: NYC housing prices in near ‘free fall,’ conditions mirror recession era following tax hikes The Manhattan real estate market stumbled in the third quarter of 2019, new reports show, as prices plunged and fewer buyers were willing … Continue reading →

Posted in Economics, Housing Bubble, NYC | 167 Comments

Pounding salt

Posted on July 20, 2019 by grim

From LoHud: Housing market in Lower Hudson Valley slows as SALT impact weighs on high-end The housing market in the Lower Hudson Valley region has shown a slight slowdown in the second quarter, and experts blame the decline on the new tax … Continue reading →

Posted in Economics, New Jersey Real Estate, NYC, Property Taxes | 49 Comments

Train town prices go poof

Posted on June 14, 2019 by grim

From Bloomberg: NJ Transit Train Delays Hit a Record After the Governor’s Pledge to Fix Them New Jersey Transit commuter trains have hit their worst on-time and reliability records in the 18 months since Governor Phil Murphy promised to overhaul … Continue reading →

Posted in Economics, New Jersey Real Estate, NYC, Politics | 70 Comments

A new record for NYC

Posted on June 5, 2019 by grim

From the WSJ: Philip Falcone Sets NYC Record With Nearly $80 Million Townhouse Sale Former hedge-fund manager Philip Falcone has sold a New York townhouse for close to $80 million, making it the most expensive residential townhouse ever sold in … Continue reading →

Posted in Comp Killer, Economics, Employment, NYC | 137 Comments

Where do the rich live?

Posted on March 24, 2019 by grim

From Bloomberg: These Are the Wealthiest Towns in the U.S.

Posted in Demographics, Economics, New Jersey Real Estate, NYC | 105 Comments

See ya!

Posted on February 5, 2019 by grim

From the NY Post: As revenue drops, concern about the proposed state budget rises Gov. Andrew M. Cuomo on Monday announced a dramatic drop in state income tax revenue of $2.8 billion, which he says will prompt him to revise his 2019-20 budget … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate, NYC | 159 Comments