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Monthly Archives: February 2024
Priced out of Monmouth
From the APP: Monmouth County median home prices start the new year by rising over the $800K mark The median home in Monmouth County listed for $808,750 in January, up 2.5% from the previous month’s $789,000, an analysis of data from Realtor.com … Continue reading
NYC’s rent controlled time bomb
From Bloomberg: Why NYC Apartment Buildings Are on Sale Now for 50% Off Even in the crisp afternoon sunlight, the two-bedroom Manhattan apartment has a ghostly pallor, its cracked walls yellowing like an ancient black-and-white photograph. Paint chips are falling from … Continue reading
Posted in Crisis, Demographics, Economics, NYC, Politics, Price Reduced
55 Comments
Shocker: Rental agents say you should rent…
From CBS/Philly: Jersey Shore real estate experts urge families to book summer rentals quickly as warm weather approaches Jersey Shore real estate experts are urging families to book their summer rentals quickly as they expect a spike in demand for … Continue reading
Posted in Philly, Shore Real Estate
100 Comments
Best geopolitical news in a decade
Has nothing to do with real estate, but our neighbors on this side of the world really should be our strongest trade partners. From Quartz: The US imported more from Mexico than China for the first time in decades For … Continue reading
Posted in Economics, Politics, Unrest
106 Comments
Jersey Shore Timeshares
Sorry, this one is behind the paywall, but I couldn’t help but post it. From the Philadelphia Business Journal: With Jersey Shore home prices soaring, owners are now selling fractions of their houses With skyrocketing home prices and rental rates … Continue reading
Posted in Crisis, Housing Bubble, New Jersey Real Estate
127 Comments
Short refi window closes
From CNBC: Mortgage rates jump back over 7% as stronger economic data rolls in The average rate on the popular 30-year fixed mortgage crossed over 7% on Monday for the first time since December, hitting 7.04%, according to Mortgage News Daily. … Continue reading
Posted in Demographics, Economics, Housing Bubble, Mortgages, National Real Estate
111 Comments
Sorry Texas
… Louisiana, and Mississippi.
Posted in Economics, Housing Bubble, National Real Estate
78 Comments
January a mixed bag for NJ real estate
From NorthJersey.com: Real estate snapshot: Did North Jersey home prices increase in January? In January, New Jersey’s real estate market saw both positive and negative trends for potential homebuyers. Just about half of New Jersey’s 21 counties saw an increase … Continue reading
Posted in Economics, Housing Bubble, New Jersey Real Estate
38 Comments
Finally slowing?
From CNBC: Home prices began to cool in November after nine straight months of gains, S&P Case-Shiller says Home prices in November fell 0.2% from October, according to the S&P CoreLogic Case-Shiller national home price index. While that may not … Continue reading
Posted in Demographics, Economics, Housing Bubble, Mortgages, National Real Estate
124 Comments
NJ second worst state to retire in
From WalletHub: Best and Worst States to Retire (2024) Many people fear that retirement will mark the end of their financial security, and others worry they might never actually get to retire. That’s understandable when 28% of non-retired adults haven’t saved any … Continue reading
Posted in Demographics, Economics, Employment, New Jersey Real Estate
90 Comments