Where will all the home buyers come from?
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TAKING THE HYPE OUT OF HOBOKEN REAL ESTATE: Lack of real estate data transparency prevents sound decisions from objective sources. The current debate on property values in Hoboken, NJ and their future direction seems to have brokers and flippers sounding off about the resilience to any vulnerability. This blog has been erected to bring some RE.ality (real estate reality) to the discussion.
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There is a non-trivial chance that we actually see the unemployment rate hit new post-WWII highs next year, and it comes down to how businesses managed their payrolls during this economic downturn. While more than six million jobs have been lost, what that number masks are the near nine million people who saw their full-time positions eliminated. There were three million who were pushed into part-time work, and in fact, there are now a record nine million Americans working part-time because of the weak economy, which is a 55% increase from a year ago.
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