Monthly Archives: August 2022

Auto default crisis? Or not?

From Jalopnik: It Sure Feels Like a Car Loan Crisis Is Coming There could be bad news around the corner as more and more car buyers are having difficulty keeping up with auto loan payments. According to a report from Automotive News, … Continue reading

Posted in Demographics, Economics, Employment | 73 Comments

Reinventing Jersey

From CoStar: As Former Toys R Us Campus Awaits New Use, New Jersey Embarks on Transforming the American Office Park The future of the former Toys R Us corporate headquarters is still to be determined in New Jersey, a state that’s … Continue reading

Posted in New Development, New Jersey Real Estate | 31 Comments

Low rates – never again?

From the Washington Post: The Fed’s Damage to the Housing Market May Last Years With interest rates now hovering around 5%, existing-home sales are down more than 14% from last year. Some potential buyers are sitting on the sidelines until … Continue reading

Posted in Economics, Housing Bubble, Mortgages, National Real Estate | 54 Comments

Going to battle with NYC

From NJ Globe: Gottheimer, legislators combat NYC congestion pricing by offering incentives to keep jobs in N.J. Stepping up his fight against New York City’s congestion pricing plan, Rep. Josh Gottheimer (D-Wyckoff) and three Bergen County legislators today announced a … Continue reading

Posted in Economics, Employment, New Jersey Real Estate, NYC | 160 Comments

Inventory … UP!

From the NAR: Realtor.com® July Housing Report: Inventory Rises at Record-Breaking Speed The inventory recovery accelerated in July, as active listings increased at record-fast1 annual pace (+30.7%) for the third month in a row, according to the Realtor.com® Monthly Housing Trends Report released … Continue reading

Posted in Housing Bubble, National Real Estate | 107 Comments

Rebalancing or Crash?

From MarketWatch: Annual home price growth saw ‘the greatest single-month slowdown’ since at least the early 1970s. Does this mean homebuyers are finally getting a break? Is this the news home buyers have finally been looking for? In June, the … Continue reading

Posted in Economics, Housing Bubble, National Real Estate | 140 Comments

Ain’t the same bubble

From Yahoo Finance/Bloomberg: Almost Half of Mortgaged Homes in US Now Considered Equity-Rich Nearly half of mortgaged properties were considered equity-rich in the second quarter — meaning owners had at least 50% in home equity. This marked the ninth straight … Continue reading

Posted in Housing Recovery, National Real Estate | 40 Comments

Jobs Day!

From CNBC: Stock futures are flat with all eyes on the July jobs report Stock futures were little changed Friday as investors waited for the July jobs report, looking for further clues about the Federal Reserve’s path of rate hikes … Continue reading

Posted in Demographics, Economics, Employment | 74 Comments

Where people “go” to work

From the NYT: What Remote Work Debate? They’ve Been Back at the Office for a While. The competition for parking space is getting steeper. Commutes are inching longer. Workplace lounges are filling up with commotion as junior associates play cornhole. … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate | 111 Comments

How to lower your NJ property taxes

From the Philly Inquirer: Ivana Trump is buried at Donald Trump’s New Jersey golf club. Could that mean a tax break for the former president? Ivana Trump’s death grabbed international headlines, but her New Jersey burial place is now garnering … Continue reading

Posted in New Jersey Real Estate, Property Taxes | 54 Comments

Housing market slows … kind of

From CNBC: Home prices cooled at a record pace in June, according to housing data firm Rising mortgage rates and inflation in the wider economy caused housing demand to drop sharply in June, forcing home prices to cool down. Home … Continue reading

Posted in Economics, Housing Bubble, Housing Recovery, National Real Estate | 52 Comments