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Monthly Archives: November 2024
What’s it really cost to live here
From NJ Digest: NJ Residents Pay More in Taxes Than Anywhere in Nation, New Study Finds New Jersey residents will pay more in taxes over their lifetimes than those in any other state, according to a recent study by Self Financial. … Continue reading
Posted in New Jersey Real Estate, Politics, Property Taxes
76 Comments
Prices slowing?
From MarketWatch: Home-price growth has ‘stalled,’ Case-Shiller says Home prices in the 20 biggest U.S. metropolitan areas lost more steam in September, buckling under the pressure of high mortgage rates and historic unaffordability. The S&P CoreLogic Case-Shiller 20-city house-price index … Continue reading
Posted in Economics, National Real Estate
74 Comments
Rethinking outdated public notice requirements
From the Real Deal: As print publications dwindle, real estate struggles to meet public notice requirements New Jersey’s largest newspaper, the Star-Ledger, announced last month it would cease print editions beginning early next year. It marks a loss not just … Continue reading
October sales … UP!
From CNBC: Home sales surged in October, just before mortgage rates jumped A sharp drop in mortgage rates brought homebuyers off the fence in October after a slow summer. Sales of previously owned homes last month rose 3.4% from September … Continue reading
Posted in Economics, Housing Bubble, National Real Estate
128 Comments
Live like Paul Volker
From the Record: North Jersey home of President Obama’s economic recovery board chair listed for $3.5M Nestled along Park Street, just a few hundred feet from Montclair’s Applegate Farm stands the Tinkham-Volcker house. Listed for sale in early November for … Continue reading
Greedy boomers living too long
From Fortune: The ‘Oracle of Wall Street’ says home prices need to fall 20% to end the ‘generational schism’ Baby boomers own more homes than millennials and Gen Zers, creating a “generational schism” in the world of housing, according to … Continue reading
Posted in Crisis, Demographics, Economics, Housing Bubble, Humor, National Real Estate
170 Comments
Home Insurance Spiking Across US
From Fast Company: The housing market’s home insurance shock, as told by an interactive map Over the past few years, many housing markets have experienced a home insurance shock. Part of this is due to insurance models reassessing disaster risks, while … Continue reading
Posted in National Real Estate
68 Comments
Basement Voters Swing Election?
From Fortune: Top real-estate CEO suggests some young people might have voted for Trump because they’re sick of living in their parents’ basements “The young voters who, after years living in their parents’ basement, swung right in this election, will … Continue reading
Posted in Crisis, Demographics, Economics, National Real Estate
91 Comments
Florida falls first?
From the NY Post: Florida’s crumbling home prices haven’t been this bad since 2011 Florida’s sun-soaked southwestern coast, known for its wealthy enclaves and retirement appeal, is grappling with the steepest home price drops in more than a decade. From Sarasota’s luxury … Continue reading
Posted in Demographics, Economics, Housing Bubble, National Real Estate
139 Comments
Seller and Buyer Profiles
From the NAR: Profile of Home Buyers and Sellers 2024 First-time home buyers in the last year shrunk to an historic low of just 24 percent of all buyers. Prior to 2008, the share of first-time buyers had a historical … Continue reading
Posted in Demographics, Economics, Employment, National Real Estate
55 Comments
No Crash?
From Bankrate: Is the housing market going to crash? What the experts are saying The U.S. housing market had finally started slowing in late 2022, and home prices seemed poised for a correction. But a strange thing happened on the … Continue reading
Posted in Demographics, Economics, Housing Bubble, National Real Estate
63 Comments
Inventory Up, Prices Up
From NorthJersey.com: North Jersey real estate saw more new home listings, but higher prices, in October New Jersey’s real estate market saw more new home listings and properties staying on the market longer in October, but also increasing home prices. … Continue reading
Posted in Housing Bubble, New Jersey Real Estate
90 Comments
Fed Cuts!
From CNBC: Federal Reserve cuts interest rates by a quarter point The Federal Reserve approved its second consecutive interest rate cut Thursday, moving at a less aggressive pace than before but continuing its efforts to rightsize monetary policy. In a … Continue reading
Posted in Economics, Housing Bubble, Mortgages, National Real Estate
17 Comments
Who is better for housing?
From Mansion Global: Housing Was a Factor for About 40% of Early Voters in the U.S. Presidential Election For U.S. adults who voted in the presidential election by Nov. 1, about two in five said the housing market was a … Continue reading
Posted in National Real Estate, Politics
167 Comments
Make me move
From CNET: Most Homebuyers Won’t Budge Until Mortgage Rates Drop to 4%, CNET Survey Finds A recent CNET survey found that half of US adults say lower mortgage rates would make them realistically consider purchasing a house. If average mortgage rates were … Continue reading
Posted in Economics, Housing Bubble, Mortgages, National Real Estate
52 Comments