Monthly Archives: October 2022

Moody’s not optimistic about housing

Posted on October 31, 2022 by grim

From MSN: 14 Markets Where Home Prices Could Plummet by 30% The outlook for the nation’s housing market keeps deteriorating. Earlier this year, Mark Zandi, Moody’s Analytics chief economist, told Fortune that several of the most overheated housing markets in … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 92 Comments

What happened to no bubble?

Posted on October 30, 2022 by grim

From CNBC: Pending home sales fell 10% in September, much worse than expected Pending home sales, a measure of signed contracts on existing homes, dropped a much worse-than-expected 10.2% in September from August, according to the National Association of Realtors. … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 16 Comments

Why the delta?

Posted on October 28, 2022 by grim

From Slate: The Reason Home Prices Are Finally Dropping National averages mask significant variation at the metropolitan level. Every one of California’s major cities—including Los Angeles, San Diego, and the Bay Area, some of the most expensive real estate markets … Continue reading →

Posted in Housing Bubble, National Real Estate, New Jersey Real Estate, NYC | 83 Comments

Here we gooooooo!

Posted on October 27, 2022 by grim

From CNBC: Home prices cooled at a record pace in August, S&P Case-Shiller says Home prices are still higher than they were a year ago, but gains are shrinking at the fastest pace on record, according to one key metric, … Continue reading →

Posted in Housing Bubble, National Real Estate | 79 Comments

Price Reduced! Superstar!

Posted on October 25, 2022 by grim

From the Star Ledger: One of the oldest log cabins in the U.S. is up for sale — again — in N.J. It’s a case of history repeating itself, this time at a much marked-down price. Billed as “the oldest … Continue reading →

Posted in New Jersey Real Estate, Price Reduced | 163 Comments

Slowdown in NJ?

Posted on October 24, 2022 by grim

From the Star Ledger: Here are the N.J. towns where the housing market may be cooling the most Here are the New Jersey towns that have the largest supply of houses and how many months supply they have, according to … Continue reading →

Posted in New Jersey Real Estate | 60 Comments

Recession Hits Jersey

Posted on October 22, 2022 by grim

From ROINJ: N.J. unemployment falls to 3.3%; job growth slows in September On Thursday, the U.S. Bureau of Labor Statistics announced total nonfarm wage and salary employment in New Jersey increased by 3,800 in September, reaching a seasonally adjusted level of 4,239,600. … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate | 39 Comments

Housing tanks, buyers screwed

Posted on October 21, 2022 by grim

From CNBC: Existing home sales fall to a 10-year low in September, as mortgage rates soar Existing homes are selling at the slowest pace since September 2012, with the exception of a brief drop at the start of the Covid 19 … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, Mortgages, National Real Estate | 70 Comments

Brokers Capitulate

Posted on October 20, 2022 by grim

From Mortgage News Daily: Another Day, Another 20 Year High in Rates There’s no sense in beating a dead horse or wading through another “same story, different day” assessment of rates. They were already at 20 year highs yesterday, so … Continue reading →

Posted in Economics, Mortgages, National Real Estate | 107 Comments

So which is it?

Posted on October 19, 2022 by grim

From New York Magazine: Wall Street Banks Are (at Least Somewhat) Freaked Out About a Recession You know things are serious when David Solomon, the Goldman Sachs CEO who spent the summer DJ-ing at Lollapalooza, hasn’t posted on Instagramabout his music since … Continue reading →

Posted in Economics, Employment, National Real Estate | 89 Comments

Casino in the Swamp

Posted on October 17, 2022 by grim

From Forbes: How New Jersey Will Double Down On Gambling If Casinos Come To New York City If the handful of billionaires, real estate developers and gambling companies get their way and bring a Las Vegas-style casino resort to New York … Continue reading →

Posted in New Jersey Real Estate, NYC, Politics | 111 Comments

The new New Jersey

Posted on October 16, 2022 by grim

From NJ1015: WORK-FROM-HOME SURGE TRANSFORMS NJ ECONOMY Close to 1 million New Jerseyans a day worked from home in 2021, according to Census Bureau estimates from its American Community Survey that underscore the massive changes brought on by the pandemic. … Continue reading →

Posted in Demographics, Economics, Employment | 54 Comments

Price declines for the NY Metro

Posted on October 14, 2022 by grim

From Patch: Long Island Home Prices, Sales Dip As Interest Rates Rise Long Island’s housing prices have finally started to come down from the all-time highs that were set during the summer. But real estate experts say it’s still a … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate, NYC | 132 Comments

Uh oh

Posted on October 13, 2022 by grim

From CNBC: Inflation increased 0.4% in September, more than expected despite rate hikes Prices consumers pay for a wide variety of goods and services rose more than expected in September as inflation pressures continued to weigh on the U.S. economy. … Continue reading →

Posted in Economics, Mortgages | 76 Comments

No, they are going to spend like drunken sailors

Posted on October 11, 2022 by grim

From MarketWatch: ‘We’re likely to see one of the greatest transfers of intergenerational wealth,’ as $68 trillion set to ‘reshape economy,’ says head of TIAA What big issues will we be reading about in MarketWatch when it comes to retirement? … Continue reading →

Posted in Economics, Where's the Beef? | 239 Comments