Monthly Archives: August 2018

Price growth slows. Pause or Dip?

Posted on August 31, 2018 by grim

From CNBC: Home price gains slow down in June: S&P Case-Shiller Homebuyers are pulling back, and prices are finally following. Home prices are still rising, but the gains are shrinking. In June, prices nationally rose 6.2 percent year over year, … Continue reading →

Posted in Demographics, Economics, Housing Recovery, National Real Estate | 74 Comments

The Slump

Posted on August 30, 2018 by grim

From MarketWatch: Pending home sales stumble as housing market momentum wanes The numbers: Pending-home sales declined 0.7% in July, the National Association of Realtors said Wednesday. What happened: NAR’s index, which tracks real-estate transactions in which a contract has been … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate | 90 Comments

August Otteau Report

Posted on August 29, 2018 by grim

From Otteau Group: MarketNEWS August 2018 Edition The number of home purchase contracts in New Jersey increased by 4% during July compared to the same month last year. There has however been a noticeable change in the mood of the … Continue reading →

Posted in Economics, New Jersey Real Estate | 49 Comments

Who does this?

Posted on August 28, 2018 by grim

From the Star Ledger: ‘My Lowe’s contractor doesn’t care, and Lowe’s doesn’t either,’ homeowner claims When CherylAnne and Mike Amendola decided to expand and renovate the kitchen in their Lincoln Park home, they knew it would be a big job. … Continue reading →

Posted in New Development, New Jersey Real Estate | 82 Comments

Someone is still investing in NJ

Posted on August 27, 2018 by grim

From ROI-NJ: Angel investors put nearly $39M into N.J. economy in first half of 2018 The New Jersey Economic Development Authority has approved 60 Angel Investor Tax Credit program applications this year, helping to put nearly $39 million into 20 … Continue reading →

Posted in Economics, New Jersey Real Estate | 31 Comments

Taxes trump hometown

Posted on August 25, 2018 by grim

From the NY Times: Minimizing the Pain of Trump’s Tax Law Longtime New Yorkers Joanne and Vince Intrieri left their 3,100-square-foot three-bedroom near the United Nations earlier this year, trading it in for a sunny three-bedroom condominium in Downtown Miami. … Continue reading →

Posted in Demographics | 15 Comments

Plenty of room to run?

Posted on August 24, 2018 by grim

From CNBC: The housing recovery isn’t over, it just feels like it is A slew of negative housing numbers for July are piling up on top of a slew of negative housing numbers from the last several months. Sales of … Continue reading →

Posted in Demographics, Economics, Employment, Foreclosures, Housing Recovery, National Real Estate | 50 Comments

Good month for jobs in NJ

Posted on August 22, 2018 by grim

From the APP: NJ job market surges in July; here are 3 places hiring It’s a good time to go job hunting in the Garden State. The New Jersey economy added thousands of jobs in July, and the state’s unemployment … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate | 115 Comments

Urbanization, but only at the right price

Posted on August 21, 2018 by grim

From USA Today: Home prices: Even midsize cities are getting pricey, leading some buyers to smaller markets A couple of years ago, freshly-minted college graduates Jon and Samantha Reidy crisscrossed North Carolina in search of a place to settle and … Continue reading →

Posted in Demographics, Economics, National Real Estate | 45 Comments

Rise of Gen Z

Posted on August 20, 2018 by grim

From Bloomberg: Gen Z Is Set to Outnumber Millennials Within a Year Millennials are about to be surpassed by Generation Z. Gen Z will comprise 32 percent of the global population of 7.7 billion in 2019, nudging ahead of millennials, … Continue reading →

Posted in Demographics, Economics, National Real Estate | 65 Comments

Price Reduced!

Posted on August 18, 2018 by grim

From HousingWire: Is housing becoming a buyer’s market? Home sellers have begun cutting back their listing price, especially at the high end of the housing market, leaving open the possibility that it is now beginning to shift to a buyer’s … Continue reading →

Posted in Economics, National Real Estate, Price Reduced | 44 Comments

The new “rate lock”

Posted on August 17, 2018 by grim

From HousingWire: Goodbye refi: Rising interest rates all but erase refinance demand While mortgage interest rates dipped ever so slightly in the last week, they’ve been trending up for the majority of this year. In fact, the interest rate on … Continue reading →

Posted in Housing Recovery, Mortgages, National Real Estate | 53 Comments

City of the Future?

Posted on August 16, 2018 by grim

First time Outdoor magazine made it to the front page, great great piece: Affordable Housing Is the Key to a Thriving City Almost as long as there have been cities, there have been efforts to revamp their downtowns. But philosophies … Continue reading →

Posted in Demographics, Economics, New Development, New Jersey Real Estate | 57 Comments

Owners staying put is causing the inventory crunch

Posted on August 15, 2018 by grim

From HousingWire: First-time homebuyers dominate mortgage market First-time homebuyers may be facing rising affordability issues, but they are still outpacing the share of repeat buyers in the housing market, according to the latest report from the Urban Institute. This is … Continue reading →

Posted in Economics, Housing Bubble, Housing Recovery, National Real Estate | 28 Comments

Hottest markets?

Posted on August 14, 2018 by grim

God, I feel that the Ledger should just give up on the stupid “top 10 list” format, I feel like I’m getting sucked into a social media marketing promotion by taking the clickbait. I’ll be the sucker and save you … Continue reading →

Posted in Economics, Housing Bubble, Housing Recovery, New Jersey Real Estate | 40 Comments