Monthly Archives: July 2015

Philly – Hottest SFH Market in 10 Years

Posted on July 14, 2015 by grim

From the Inquirer: Phila. single-family home prices, sales volume soar in 2Q, data show In the spring, Philadelphia’s single-family housing market had its best quarter in a decade, with prices and sales volume surging throughout the city. The average house … Continue reading →

Posted in Demographics, Economics, Housing Recovery, National Real Estate | 112 Comments

First sign of cracks in the mega-landlord model

Posted on July 13, 2015 by grim

From Bloomberg: Blackstone Selling 1,300 Atlanta Houses in Strategy Shift Blackstone Group LP’s Invitation Homes, after spending more than $9 billion in a U.S. property-buying spree, is starting to sell some houses as it shifts focus from rapid expansion to … Continue reading →

Posted in Economics, National Real Estate | 88 Comments

Seems that everyone is taking shots at Jersey lately…

Posted on July 11, 2015 by grim

From Realtor.com (yes, realtor.com): More Bad News for New Jersey? Or Is It Good News for the Middle Class? If we can’t blame New Jersey Gov. Chris Christie for the traffic jams, maybe he can’t take the hit for this … Continue reading →

Posted in Economics, Housing Recovery, New Jersey Real Estate | 47 Comments

Brooklyn hits record highs

Posted on July 10, 2015 by grim

From Crains NY: Brooklyn housing boom pushes sale prices and rentals to new highs Rents and home prices reached record levels in Brooklyn during the second quarter of 2015, according to a market report released Thursday. The average sale price … Continue reading →

Posted in Demographics, Economics, Housing Recovery, NYC | 109 Comments

HUD to tell you who you are permitted to live next to

Posted on July 9, 2015 by grim

From HousingWire: HUD’s social engineering is coming to your neighborhood Look out American neighborhoods, you’re about to get engineered good and hard. Why? Because market pricing is now considered discrimination. In fact, any neighborhood that doesn’t meet with the approval … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate, Politics | 132 Comments

Finally a good time to sell?

Posted on July 8, 2015 by grim

From HousingWire: Consumer attitudes on housing signal healthier purchase market ahead Americans’ outlook toward the current home selling market and the future of home rental prices may bode well for purchase activity this year, according to results from Fannie Mae’s … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate | 164 Comments

NJ 23th largest economy in the world

Posted on July 7, 2015 by grim

From the Star Ledger: N.J.’s economy would crack world’s Top 25 if it was its own country, report says New Jersey’s economic growth fared worse than nearly every other state in the nation last year. But the state’s gross domestic … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate | 95 Comments

The difference between NJ and CA real estate

Posted on July 6, 2015 by grim

In NJ, if you have a stalker you can’t sell the house. In SF, if you find a dead body during the home inspection, nobody cares. From HousingWire: Corpse found in $1M San Francisco house for sale – Price could … Continue reading →

Posted in Humor | 90 Comments

Yeah, New Jersey stinks. Stinks like money.

Posted on July 4, 2015 by grim

I hear people complain about the drive up or down 95, it stinks, dark and dank industrial wasteland. Miles and miles of warehouse, factory, smokestacks, power plants, shipping containers, garbage dumps. It’s beautiful. You can keep your scenic roadways and … Continue reading →

Posted in Humor, New Jersey Real Estate | 77 Comments

NY Metro Home Prices up 2.8% in April

Posted on July 3, 2015 by grim

From the Record: Region’s home prices tick up 2.8% As the housing market continues to recover, single-family home prices in the New York metropolitan area ticked up 2.8 percent in the year that ended in April, the S&P/Case-Shiller home price … Continue reading →

Posted in Demographics, Economics, Employment, Housing Recovery, New Jersey Real Estate | 54 Comments

Cash sales top 48% in NJ

Posted on July 2, 2015 by grim

From Inman: All-cash purchases, institutional investors saw record lows in May single-family market The percentage of single-family homes and condos purchased with all cash or by institutional investors hit record lows in May. Nearly 25 percent of all home sales … Continue reading →

Posted in Economics, New Jersey Real Estate | 114 Comments

New highs for NYC, over the river … notsomuch

Posted on July 1, 2015 by grim

From the NYT: Average Home Price in Manhattan Reaches $1.87 Million, a New High After flirting with records for more than a year, the average sales price of a Manhattan apartment hit a new high in the second quarter, according … Continue reading →

Posted in Demographics, Economics, Housing Recovery, NYC | 121 Comments