Author Archives: grim

Transit-based redevelopment

Posted on March 14, 2024 by grim

From Newsweek: Housing Market Solution Could Help New Jersey New Jersey might have just found a solution to its affordable housing crisis, and it involves the undeveloped land outside of its transit system. The Regional Plan Association found 74,000 acres of land … Continue reading →

Posted in Demographics, Housing Bubble, New Development, New Jersey Real Estate, Politics | 95 Comments

Thanks Mom and Dad!

Posted on March 12, 2024 by grim

From Coldwell Banker: 2024 Consumer Survey Key Findings – March 2024 Over a quarter (26%) of surveyed consumers have not provided or do not plan to provide financial support for their child(ren)’s first home, compared to 38% who said they … Continue reading →

Posted in Demographics, Economics, Mortgages, National Real Estate | 103 Comments

Unexpected demand for Gold Coast rentals

Posted on March 11, 2024 by grim

From NorthJersey.com: Short-term rental demand rose in New Jersey after Airbnb restrictions in New York City It’s been just about six months since New York City placed major restrictions on short-term rental properties like Airbnb — and North Jersey is … Continue reading →

Posted in Economics, Gold Coast, New Jersey Real Estate | 88 Comments

Say YES! to $56k in property taxes

Posted on March 10, 2024 by grim

From the Record: Daybreak, an updated 100-year-old brick mansion in Montclair, hits market for $7.5M

Posted in New Jersey Real Estate, Property Taxes | 26 Comments

Jobs Day!

Posted on March 8, 2024 by grim

From the WSJ: Jobs Report Today: What to Watch Investors’ eyes are on the jobs report today. February’s jobs data are due at 8:30 a.m. ET. Economists expect that hiring cooled from January. A softer labor market could translate into … Continue reading →

Posted in Demographics, Economics, Housing Bubble | 144 Comments

This is the top 20?

Posted on March 7, 2024 by grim

From NJ1015: The top 10 hottest towns in New Jersey to buy a home

Posted in Economics, Housing Bubble, New Jersey Real Estate, Where's the Beef? | 33 Comments

Spring has sprung

Posted on March 6, 2024 by grim

From NorthJersey.com: Real estate update: Is North Jersey finally seeing more housing inventory? In February, 19 of New Jersey’s 21 counties saw an increase in new listings over January. Additionally, 12 New Jersey counties saw more new listings this year than … Continue reading →

Posted in Demographics, Economics, Housing Bubble, New Jersey Real Estate | 141 Comments

Boomers back on top

Posted on March 5, 2024 by grim

From Philadelphia Magazine: Boomers Are Downsizing — and Dominating Philly’s Real Estate Market Take a walk through the Laurel, the recently completed luxury condo tower at Rittenhouse Square’s northwest corner, and you might mistake it for a retirement community. When you … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate | 83 Comments

NJ rents only up 2.3%?

Posted on March 4, 2024 by grim

From the Bergen Record: Here’s what rent prices look like in NJ, and the US, at the start of 2024 As home prices have continued to soar and mortgage rates remain high, many would-be first-time buyers are opting to stay … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, New Jersey Real Estate | 66 Comments

Huh?

Posted on March 3, 2024 by grim

From the LA Times: Forget California exodus. New Jersey residents lead an influx back into the Golden State  After a half decade of Californians moving to places like Texas and Florida, an unlikely state has been supplying California with new … Continue reading →

Posted in Demographics, Economics, National Real Estate, New Jersey Real Estate, Where's the Beef? | 16 Comments

$4.9m record breaker in Weehawken

Posted on March 2, 2024 by grim

From Patch: Christie’s International Real Estate Group announces the sale of 12 Henley Place – an iconic and record-breaking sale that set a historic benchmark at Henley on the Hudson, with its remarkable sale price of $4.9 million. Jessica Williams, … Continue reading →

Posted in General, Gold Coast, Housing Bubble, New Development, New Jersey Real Estate | 40 Comments

All your wages are belong to us

Posted on March 1, 2024 by grim

Hat tip to ChiFi, not for this, but for everything he contributes. Hats off to you my friend. From the Visual Capitalist: Charted: U.S. Median House Prices vs. Income

Posted in Housing Bubble, National Real Estate | 115 Comments

All Hail Prince and Princess Snowflake

Posted on February 29, 2024 by grim

From the Guardian: Millennials on course to become ‘richest generation in history’ Millennials may have been portrayed as frivolous spenders squandering their income on overpriced coffees and online barre classes in the face of pitiful long-term finances – but they … Continue reading →

Posted in Demographics, Economics, National Real Estate | 58 Comments

Taxes Up!

Posted on February 28, 2024 by grim

From News12: Gov. Murphy seek $55.9B New Jersey budget, increasing education aid, boosting biz taxes to fund transit Gov. Phil Murphy on Tuesday unveiled a $55.9 billion budget, up about 5% over his previous year’s proposal, calling for nearly $1 … Continue reading →

Posted in Economics, New Jersey Real Estate, Politics, Property Taxes | 97 Comments

NYC may see it’s glory days again

Posted on February 27, 2024 by grim

Hat tip to 3b for the Fortune doom loop article: The ‘prophet of urban doom’ says New York City is in major trouble, and it’s just the first inning of the ballgame: ‘The cycle is out of control’ As nicknames … Continue reading →

Posted in Crisis, Demographics, Economics, Employment, Housing Bubble, NYC | 101 Comments