Monthly Archives: September 2021

Up Up and Away

Posted on September 29, 2021 by grim

From the FT: US home price gains hit new record for fourth straight month The increase in US home prices continued to accelerate in July, setting an annual record for the fourth straight month as strong demand and a dearth … Continue reading →

Posted in General | 398 Comments

Welcome to Fall

Posted on September 26, 2021 by grim

Or is it THE fall? From the NY Times: Is the Seller’s Market Over? If the pandemic has been good to anybody, it’s been homeowners listing their properties, as pent-up demand for homes has sent prices skyrocketing. But could this … Continue reading →

Posted in General | 312 Comments

The … Sack?

Posted on September 25, 2021 by grim

What the serious f? From NJ Monthly: Hackensack is Back on the Real-Estate Radar for Renters and Buyers Forgive Hackensack for feeling overlooked. Torched by the British during the Revolution, the Bergen County seat never flexed the industrial muscle of … Continue reading →

Posted in General | 46 Comments

August home sales dip

Posted on September 23, 2021 by grim

From the WSJ: Hot U.S. Housing Market Cooled Some in August The turbocharged housing market slowed in August as near record asking prices are giving buyers pause, easing some of the frenzy that gripped the market only a few months ago. … Continue reading →

Posted in Economics, National Real Estate | 168 Comments

Silk City is Hot

Posted on September 22, 2021 by grim

From the Record: Gentrification or growth? Why Paterson is hot for real estate buyers and investors Zaib Atyat purchased his first home in Paterson 20 years ago for $250,000. The three-family unit on the city’s south side offered a steady source … Continue reading →

Posted in New Development, New Jersey Real Estate | 125 Comments

Sales down, prices up..

Posted on September 20, 2021 by grim

From Redfin: Home Sales Fell 6% in August, the First Annual Decline in 15 Months However, home prices were up 16%, and new listings posted their first year-over-year decline since February, which could signal a tightening market. The median price … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 136 Comments

Never bet against NYC

Posted on September 17, 2021 by grim

From Bloomberg: New York City Has Once Again Defied the Doomsayers. Here’s Why. New York City is emerging as one of the world’s most resilient big cities in the wake of the pandemic. The secret to its success is more … Continue reading →

Posted in General | 217 Comments

Impact or not?

Posted on September 16, 2021 by grim

From the Philly Voice: U.S. housing market faces ‘shock’ from end of mortgage forbearance — but no bubble, experts say Pandemic policies have undoubtedly shaped the way the U.S. housing market has functioned throughout the health crisis, which has had … Continue reading →

Posted in Economics, Mortgages, Politics, Risky Lending | 113 Comments

Boom or bubble

Posted on September 13, 2021 by grim

From CNBC: Here’s why experts believe the U.S. is in a housing boom and not a bubble The U.S. housing market has been an unlikely beneficiary from the Covid-19 pandemic. During the pandemic, home prices have climbed at a record … Continue reading →

Posted in Housing Bubble, National Real Estate, New Development | 384 Comments

20

Posted on September 11, 2021 by grim

From Thomas Franklin at the Bergen Record:

Posted in General | 82 Comments

Clear to close? Think again.

Posted on September 9, 2021 by grim

From Inman: Ida flooding could jeopardize 47,000 home sales in NY and NJ Devastating flash floods in New York and New Jersey in the aftermath of Hurricane Ida could delay or derail as many as 47,000 pending real estate transactions … Continue reading →

Posted in Mortgages, New Jersey Real Estate, Risky Lending | 197 Comments

Maybe some gentrification isn’t so bad?

Posted on September 6, 2021 by grim

Interesting piece from VOX: What we talk about when we talk about gentrification In his 2019 paper “Hoboken Is Burning: Yuppies, Arson, and Displacement in the Postindustrial City,” Princeton historian Dylan Gottlieb documented the violent displacement Puerto Rican residents faced … Continue reading →

Posted in Demographics, Economics, National Real Estate, New Development | 198 Comments

Nothing in between

Posted on September 4, 2021 by grim

From NPR: The Housing Shortage Is Significant. It’s Acute For Small, Entry-Level Homes America’s roaring real estate boom is leaving millions of would-be homebuyers out in the cold. The problem is most severe in that corner of the market that … Continue reading →

Posted in Economics, National Real Estate, New Development | 60 Comments

Bubflation?

Posted on September 1, 2021 by grim

From CNBC: Soaring home prices shattered another record in June, S&P Case-Shiller says Home prices rose 18.6% annually in June, up from the 16.8% increase in May, according to the S&P CoreLogic Case-Shiller national home price index. That is the … Continue reading →

Posted in Housing Bubble, National Real Estate | 267 Comments