Monthly Archives: July 2024

Maybe they aren’t so bad?

From NorthJersey.com: Really, rankings? These two Jersey cities are consistently ‘the worst.’ We beg to differ Newark and Jersey City are New Jersey’s most populated cities, so it’s no wonder that they’re often the target of the various “worst places” … Continue reading

Posted in Demographics, Gold Coast, New Jersey Real Estate | 174 Comments

Shore rentals starting to look shaky?

From the Philly Inquirer: Jersey Shore rental market sees cancellations, dropped prices, vacant weeks. What’s going on? Is the “Shore crowd in Italy”? Again? That’s the buzz, or rationalization, among some renters, real estate agents and homeowners at the Jersey … Continue reading

Posted in Demographics, Economics, Shore Real Estate | 59 Comments

Mortgage pressure easing

From the MPA: Mortgage rates see immediate relief after positive economic data Mortgage rates fell this week, following positive economic data that suggests the Federal Reserve may ease up on interest rates later this year. Freddie Mac’s latest Primary Mortgage … Continue reading

Posted in Demographics, Economics, Housing Bubble, Mortgages, National Real Estate | 31 Comments

The Gold Coast is Back!

From Bloomberg: What We Can Learn From Jersey City’s Luxury Housing Boom US renters say there’s now a 60% likelihood they’ll never own a home — the highest reading in at least a decade — and that can help explain why we’re … Continue reading

Posted in Demographics, Economics, Employment, Gold Coast, Housing Bubble | 88 Comments

The real estate boom is …. coming?

From Fox Business: Real estate tycoon explains when house prices will start to drop and ‘open the floodgates’ Over the next year, two macroeconomic indicators may align and create booming opportunities in real estate, according to RE/MAX’s chairman and co-founder. … Continue reading

Posted in Demographics, Economics, Mortgages, National Real Estate | 110 Comments

Jersey Market Slowing?

From NorthJersey.com: Real estate update: Nearly half of NJ counties saw housing inventory increase in June June marked the eighth consecutive month of housing inventory growth across the nation, with 36.7% more homes actively for sale than this time last year. The … Continue reading

Posted in Demographics, Economics, Housing Bubble, New Jersey Real Estate | 89 Comments

The backyard economy has sprung a leak

From CNBC: The pool party’s over as Americans ease up on backyard upgrades Americans will be splashing around this summer in the backyard pools they’ve already got, but not splashing out as much on new ones.  Swimming pool installations were … Continue reading

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

$8m Middle Sedge Mansion Torn Down

From NBC: Jersey Shore mansion on private island now demolished after abandoned for years It was an unusual house that turned heads for decades along the Jersey Shore. Now, it is no more. The home and adjacent guest house on … Continue reading

Posted in New Jersey Real Estate, Shore Real Estate | 7 Comments

Lowball! Baseball Edition.

From NorthJersey.com: Derek Jeter’s Greenwood Lake ‘castle’ sold for a third of original asking price Former Yankees captain Derek Jeter has sold his home on Greenwood Lake. The $5.1 million sale closed on Wednesday, less than two months after hitting the … Continue reading

Posted in Lowball | 16 Comments

Welcome to the Peak

Some great charts over at Visual Capitalist: Mapped: The Growth in U.S. House Prices by State in 2024 In 2024, U.S. home prices are steadily rising across nearly every state in America. Overall, home prices rose 6.6% annually as of the first … Continue reading

Posted in Demographics, Economics, Housing Bubble, National Real Estate, New Jersey Real Estate | 217 Comments