Monthly Archives: August 2024

New rules, nothing really changes

Posted on August 8, 2024 by grim

From NJ1015: NJ changes home-buying rules: what this means for you Some big changes to the process of buying or selling a home in New Jersey are now in effect. The aim of the new rules, created through legislation that … Continue reading →

Posted in New Jersey Real Estate, Politics | 82 Comments

NJ #2 in price increases

Posted on August 7, 2024 by grim

From CoreLogic: Home-price growth starting to cool: CoreLogic Home prices continue to rise even as low inventory and high mortgage rates are keeping first-time and repeat homebuyers out of the market, but the pace of appreciation is starting to cool. That’s according to CoreLogic’s … Continue reading →

Posted in Demographics, Economics, Housing Bubble, New Jersey Real Estate | 109 Comments

Housing the next big issue?

Posted on August 6, 2024 by grim

From Politico: Priced out of housing, many younger disillusioned voters embrace populism From California to Krakow, young voters who are losing faith in democracy have been spurred in part by a surprising cause: high rents and rising property prices. The … Continue reading →

Posted in Crisis, Demographics, Economics, Housing Bubble, National Real Estate | 65 Comments

That was quick…

Posted on August 5, 2024 by grim

From CNBC: Treasury yields tumble as recession concerns take hold  U.S. Treasurys slid on Monday as fears about a recession grew after a series of key economic data was released last week. At 4:10 a.m. ET, the yield on the 10-year … Continue reading →

Posted in Economics, Employment, Housing Bubble, National Real Estate | 85 Comments

$775k in Garfield

Posted on August 2, 2024 by grim

From NJ.com: This multi-family N.J. home had 35 offers and sold for $126K over asking Home prices are getting out of reach, making multi-family homes a hot commodity. So when a two family home in Garfiled hit the market, it … Continue reading →

Posted in Housing Bubble, New Jersey Real Estate | 193 Comments