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Monthly Archives: April 2022
How did this survive?
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
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…
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
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
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
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
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
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%
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?
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
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?
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
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
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