Category Archives: Housing Bubble

Spring has sprung

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

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%?

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

$4.9m record breaker in Weehawken

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

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

NYC may see it’s glory days again

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

What if rates don’t come down?

From Newsweek: Housing Market Update: Home Prices Reach Troubling Milestone Insufficient supply of homes in the market is pushing up prices, Wells Fargo economists said, making it tougher for Americans to afford a home amid elevated mortgage rates. The median sale … Continue reading

Posted in Demographics, Economics, Housing Bubble, Mortgages, National Real Estate | 46 Comments

Are we in the 80s again?

From Fortune: Say goodbye to the peak of home price appreciation, Fortune 500 chief economist says—it’s behind us Back to the ’80s Fleming has spoken with Fortune on several occasions about the comparison of today’s housing market to that of the 1980s. … Continue reading

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 67 Comments

Demographics driving housing

From Newsweek: How Millennials Are Shifting the Housing Market For a large number of millennials, the generation born between 1981 and 1996, the time to buy a home has never been quite right. Older millennials were not yet 30 when … Continue reading

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 111 Comments

Dying? Already dead.

From Fast Company: How the starter home became a dying American dream When 26-year old Memphis resident DeMario Johnson returns to his home after working a long day servicing waterwells for the local utility in Raleigh, North Carolina, he doesn’t … Continue reading

Posted in Crisis, Demographics, Economics, Housing Bubble, National Real Estate | 93 Comments

Sold out, come back again later.

From NJ.com: New listings of homes for sale plummeted 10% or more in these 7 N.J. counties. See latest prices. More than half of New Jersey counties saw fewer homes hit the real estate market in January with seven counties … Continue reading

Posted in Economics, Housing Bubble, New Jersey Real Estate | 8 Comments

Oh boy, now they did it…

From Business Insider: The myth of the housing bubble Almost as soon as home prices began their unprecedented climb in 2020, doomsayers began warning of a looming crisis. The housing market, they claimed, was a bubble destined to burst. A … Continue reading

Posted in Economics, Housing Bubble, National Real Estate | 42 Comments

Mortgage see-saw takes it’s toll

From CNBC: Mortgage rates surge higher again, causing homebuyers to pull back After a brief reprieve in December and January, mortgage rates are moving higher again, and that is taking its toll on mortgage demand. Total mortgage application volume fell 2.3% … Continue reading

Posted in Economics, Housing Bubble, Mortgages, National Real Estate | 52 Comments

Priced out of Monmouth

From the APP: Monmouth County median home prices start the new year by rising over the $800K mark The median home in Monmouth County listed for $808,750 in January, up 2.5% from the previous month’s $789,000, an analysis of data from Realtor.com … Continue reading

Posted in Housing Bubble, New Jersey Real Estate, Shore Real Estate | 57 Comments

Jersey Shore Timeshares

Sorry, this one is behind the paywall, but I couldn’t help but post it. From the Philadelphia Business Journal: With Jersey Shore home prices soaring, owners are now selling fractions of their houses With skyrocketing home prices and rental rates … Continue reading

Posted in Crisis, Housing Bubble, New Jersey Real Estate | 127 Comments