Monthly Archives: April 2022

How did this survive?

Posted on April 29, 2022 by grim

From NJ1015: This Historic New Jersey Beach Mansion Has the Best View on the East Coast

Posted in Shore Real Estate | 149 Comments

Almost Number 1

Posted on April 26, 2022 by grim

From NJ1015: NJ foreclosure rate 2nd-highest in U.S. for March, and all of Q1 New Jersey trailed only Illinois for the highest foreclosure rate in the United States over the first quarter of 2022 as backlogs from pandemic moratoriums continued … Continue reading →

Posted in Economics, Foreclosures, New Jersey Real Estate | 343 Comments

If you have to ask…

Posted on April 25, 2022 by grim

From Fortune: Another housing bubble? ‘We’re skating close to one,’ says Realtor.com economist This might be the hottest housing market ever recorded. Over the past 12 months, U.S. home prices are up a staggering 19.2%. For comparison, in the years leading into the 2008 … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate | 79 Comments

How not to do NJ real estate

Posted on April 24, 2022 by grim

From the NY Post: Alicia Keys and Swizz Beatz lose more than $6M on NJ mansion sale What a hit! Grammy Award winners Alicia Keys and her producer husband Kasseem “Swizz Beatz” Dean have finally sold their 5-acre New Jersey … Continue reading →

Posted in Lowball, New Jersey Real Estate | 15 Comments

Nothing to worry about

Posted on April 22, 2022 by grim

From Wealth of Common Sense: 4 Reasons the Housing Market Won’t Crash Millennials are the biggest demographic in the country We don’t have enough housing supply No one wants to sell Consumer balance sheets remain strong Discuss.

Posted in Demographics, Economics, National Real Estate | 152 Comments

Expensive everywhere you’d want to live

Posted on April 20, 2022 by grim

From Yahoo Finance: Homebuyers just got another grim new statistic: Average home prices in 11 housing markets now exceed $500,000 The U.S. housing market’s half-million dollar club is growing, with more cities than ever posting average home prices above $500,000. … Continue reading →

Posted in Demographics, Economics, National Real Estate | 84 Comments

Priced Out

Posted on April 19, 2022 by grim

From CNN: Renters are growing pessimistic they will ever own a home as prices keep rising Faced with a white-hot real estate market, renters are losing confidence they will ever own a home. On average only 43.3% of renters expect to … Continue reading →

Posted in Demographics, Economics, National Real Estate | 83 Comments

What does 3000 new units look like

Posted on April 18, 2022 by grim

From TAP Wayne: Mapping the New Housing Developments in Wayne  This article is to help Wayne residents visualize where each of the proposed new residential developments will be built in Wayne over the next several years. Below, you will find … Continue reading →

Posted in Demographics, New Development, New Jersey Real Estate | 63 Comments

NJ Unemployment Falls To 4.2%

Posted on April 15, 2022 by grim

From NJ1015: NJ adds 17,800 jobs, with unemployment and labor force down Employers in New Jersey added 17,800 jobs in March, helping push the state’s unemployment rate down by 0.4 percentage points to 4.2%. Eight of the nine major private … Continue reading →

Posted in Demographics, Economics, Employment | 97 Comments

Slowdown?

Posted on April 13, 2022 by grim

From Reuters: Early signs of cooling housing market seen in some U.S. cities, Redfin says There are early signs of a cooldown in some of the hottest corners of the U.S. housing market, Redfin said in a report on Friday, … Continue reading →

Posted in National Real Estate, Price Reduced | 71 Comments

Welcome to 2007

Posted on April 10, 2022 by grim

From Forbes: The housing market just hit a level not seen since 2007 The financial sting of soaring home prices—up 32.6% over the past two years—was lessened, to a degree, by historically low mortgage rates during the pandemic. Even as … Continue reading →

Posted in Economics, Housing Bubble, Mortgages | 173 Comments

Donuts anyone?

Posted on April 7, 2022 by grim

From Bloomberg: New Yorkers Plan to Cut Time Spent in the Office by Half, Survey Finds Most New Yorkers who worked from home during the pandemic plan to cut their time in the office by nearly half and spend less … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 233 Comments

Welcome back to five

Posted on April 6, 2022 by grim

From CNBC: 30-year fixed mortgage crosses 5%  The average rate on the popular 30-year fixed mortgage just crossed 5%, now standing at 5.02%, according to Mortgage News Daily. This is the first time it has crossed that threshold since 2011, … Continue reading →

Posted in Economics, Mortgages, National Real Estate | 90 Comments

The B-Word

Posted on April 3, 2022 by grim

From CBS News: Federal Reserve issues warning over “brewing U.S. housing bubble” Homebuyers have faced a tough choice during the pandemic: Swallow rapid price increases and forgo typical steps like house inspections, or risk getting left out of the real estate … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 158 Comments