Monthly Archives: April 2023

Jersey shore is underwater, but you still can’t get a good deal

Posted on April 6, 2023 by grim

From CNBC: A hidden time bomb? A ‘Big Short’ investor sees financial disaster brewing in housing markets More than a decade after a U.S. mortgage meltdown threatened to destroy the international financial system, a “Big Short” investor once again sees … Continue reading →

Posted in Crisis, National Real Estate, Risky Lending | 104 Comments

Vacancies and Zombies

Posted on April 4, 2023 by grim

From ATTOM Real Estate: Top 10 U.S. Housing Markets with Zombie Properties in Q1 2023 From the Record: North Jersey office vacancy hits 14-year high amid uncertain economy, report finds The flight from offices triggered by the COVID-19 pandemic showed no signs … Continue reading →

Posted in Crisis, Demographics, Economics, New Jersey Real Estate | 97 Comments

Spring doesn’t matter this year?

Posted on April 3, 2023 by grim

From Money: Why Seasonality Doesn’t Matter in the Housing Market This Spring The housing market usually has seasonal ebbs and flows. Spring is historically a very strong season for the real estate market, and home sales tend to peak during the warmest … Continue reading →

Posted in Mortgages, National Real Estate | 93 Comments

Lowball! Alpine Edition

Posted on April 1, 2023 by grim

From NJ1015: New Jersey’s most expensive home finally sells — look inside The Stone Mansion in Alpine — New Jersey’s most expensive home for sale — has finally sold years after it was listed. The sale price, which started out … Continue reading →

Posted in Housing Bubble, Lowball, New Jersey Real Estate | 84 Comments