Monthly Archives: August 2021

Pending home sales dip

Posted on August 31, 2021 by grim

From MarketWatch: Pending home sales slide for second month in a row — even though economists predicted an increase Fewer Americans signed on the dotted line in July to purchase a home — but it’s likely too early to say … Continue reading →

Posted in Economics, National Real Estate | 54 Comments

Lowball! is Back!

Posted on August 30, 2021 by grim

From the NY Post: Here’s why a bonkers $39M NJ mansion just sold for a measly $4.6M You thought those friends who snagged a Catskills farmhouse just before all hell broke loose in March 2020 were getting a deal? Well, … Continue reading →

Posted in Lowball | 46 Comments

Great time to be a landlord in NJ

Posted on August 27, 2021 by grim

From the Record: Tangled relationship: Renters stop paying amid pandemic, forcing small landlords into bind Elena Walczyk had a buyer lined up to purchase the mobile home in Cape May County that she and her husband had rented out for years. But … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes | 148 Comments

What now for NJ unemployed?

Posted on August 25, 2021 by grim

From the Star Ledger: Murphy won’t say if N.J. will extend pandemic unemployment benefits, affecting 500K residents With approximately 500,000 New Jerseyans set to lose pandemic unemployment benefits after the first week of September, Gov. Phil Murphy won’t say if … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate | 218 Comments

Cool? Or prelude to Crash?

Posted on August 24, 2021 by grim

From CNN: The US housing market is starting to cool off — a bit The housing market is showing signs of cooling off.Sales of existing homes — which include single-family homes, townhomes, condominiums and co-ops — were up 2% in July from the … Continue reading →

Posted in Housing Bubble, National Real Estate | 47 Comments

Not nearly enough progress

Posted on August 21, 2021 by grim

Updated Vaccination by Age Range for NJ:7/29 vs 8/21 At Least 1 DoseTotal Pop: 9.2mTotal 1st Doses: 6.0m – 65% of total pop (Up from 62%) – Bloomberg reporting 68.6% 12-15 – 450k population – 180k dosed – 40% 1 … Continue reading →

Posted in General | 201 Comments

Everything wrong with NJ, summed up.

Posted on August 18, 2021 by grim

From Jersey Digs: Orange City Council Ignores all Budget Cut Suggestions, Voting to Raise Property Taxes The Citizens Budget Advisory Committee (CBAC), a nine-member board comprised of local business professionals, opposed the 6.35 percent increase in the municipal budget, proposing … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes | 454 Comments

Hey Clot!

Posted on August 15, 2021 by grim

Fron the NY Post: ‘Jersey Shore’ star Nicole ‘Snooki’ Polizzi sells $740K N.J. beach house Nicole “Snooki” Polizzi doubled her investment on a New Jersey beach house, property records show. The former “Jersey Shore” star and her husband, Jionni LaValle, … Continue reading →

Posted in General | 299 Comments

The school vax window is closing

Posted on August 11, 2021 by grim

From the Daily Record: NJ officials to parents: Get your teens a first COVID shot this week in time for school With most schools about four weeks away from opening, New Jersey officials are urging parents to get their adolescents a first … Continue reading →

Posted in General | 246 Comments

More bureaucracy? Why not!

Posted on August 9, 2021 by grim

From NJ Spotlight: Ongoing warehouse boom prompts renewed calls for broader regulation After new data showed New Jersey’s warehouse boom continues unabated, advocates renewed calls for state or regional control over where they can be built and for limits on … Continue reading →

Posted in New Development, New Jersey Real Estate | 218 Comments

All eyes on jobs

Posted on August 6, 2021 by grim

From CNBC: Friday’s jobs report is a wild card, with economists’ estimates all over the map The economy is expected to have added about 845,000 payrolls in July, according to Dow Jones consensus estimate, as America’s workforce gradually rebuilds from … Continue reading →

Posted in General | 203 Comments

Home prices to moderate? Or not?

Posted on August 4, 2021 by grim

From HousingWire: Home prices are still rising, but relief for buyers is coming Home prices continue to increase as national inventory levels remain low heading into August. But relief for buyers could be coming in the next 12 months. Home prices increased … Continue reading →

Posted in General | 190 Comments

Philly on fire

Posted on August 2, 2021 by grim

From Philly Magazine: Philly Houses Are Selling Faster — and for More Money — Than Ever. How Long Can That Last? Right now, the competition for properties is so fierce that decent houses get a flood of offers and sell quickly, … Continue reading →

Posted in General | 171 Comments