Monthly Archives: May 2024

Fire all the professors

Posted on May 13, 2024 by grim

Not real estate related, but had to post this snarky masterpiece: From The Atlantic: No One Knows What Universities Are For Last month, the Pomona College economist Gary N. Smith calculated that the number of tenured and tenure-track professors at … Continue reading →

Posted in Crisis, Economics, Employment | 57 Comments

The Worst Time?

Posted on May 11, 2024 by grim

From Kiplinger: Is This the Worst Time To Buy a Home? The Federal Reserve is holding interest rates steady, and mortgages are hovering over 7%. House prices are still rising. Housing supply is still not close to meeting demand.  Is … Continue reading →

Posted in Crisis, Demographics, Economics, Housing Bubble, National Real Estate | 35 Comments

This again?

Posted on May 10, 2024 by grim

From Quartz: ‘Fractional home ownership’ wants to fix real estate’s woes. What is it and could it work? There’s more than one way to own a house these days. Sites including real estate startup Pacaso are opening up a new … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 47 Comments

To be honest, there are some signs…

Posted on May 9, 2024 by grim

From Business Insider: Home sellers are facing a summer from hell The past few years were very good to people who decided to sell their homes. The massive relocation shuffle meant most homes hitting the market were the subject of … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 50 Comments

Northeast the strongest?

Posted on May 8, 2024 by grim

From Fast Company: As the Northeast housing market heats up, Florida’s is cooling down Researchers at John Burns Research and Consulting (JBREC) publicly released the results from their March survey of real estate agents, and it paints an interesting picture. It aligns … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate, New Jersey Real Estate | 73 Comments

Not quite the 70s…

Posted on May 7, 2024 by grim

From Yahoo Finance: Return to the ’70s? Today’s housing market has echoes of dark era. High inflation and a disappointing report on economic growth — followed by a sudden drop in stocks late last month — made for a familiar economic combination. … Continue reading →

Posted in Demographics, Economics, Employment, Mortgages, National Real Estate | 83 Comments

Hottest markets in NJ right now

Posted on May 6, 2024 by grim

From NJ1015: 21 of this spring’s hottest real estate markets are in NJ Out of 10,770 towns nationwide realtor.com looked at the hottest real estate markets in the country. They calculated the rankings by looking at the number of days … Continue reading →

Posted in Housing Bubble, New Jersey Real Estate | 69 Comments

Uh oh.. NJ hits peak-warehouse

Posted on May 5, 2024 by grim

From NJ Spotlight News: Warehouse industry reports point to possible slowdown Recent data from state and industry sources shows a sharp slowing in the number of building permits issued for warehouse construction last year in New Jersey. Those sources also … Continue reading →

Posted in Economics, Employment, New Development, New Jersey Real Estate | 22 Comments

Inventory shifts positive?

Posted on May 3, 2024 by grim

From the Star Ledger: Real estate update: These NJ counties saw home inventory increase in April Across New Jersey, 13 counties saw an increase in new home listings compared with April 2023. And, the number of new listings also increased … Continue reading →

Posted in General, Housing Bubble, New Jersey Real Estate | 75 Comments

Back Again

Posted on May 1, 2024 by grim

From CNBC: Demand for riskier adjustable-rate mortgages hits highest level of the year, due to rising rates When mortgage rates rise, consumers look for any way to lower their monthly payments, and that often leads them to adjustable-rate mortgages. These … Continue reading →

Posted in Economics, Housing Bubble, Risky Lending | 105 Comments