From the Realtors:
Revealed: America’s Hottest Housing Markets—and Why Some Buyers Are Happily Paying Over Asking in These Popular Spots
New Jersey market is heating up
Philadelphia, grouped together with parts of New Jersey and Delaware, saw the greatest improvement in its market hotness, jumping 77 spots year over year. New York City, clustered with other sections of New Jersey, emerged as the second-most-improved market, having gone up 48 spots in the rankings, followed by Kansas City, MO, which was 45 spots hotter.
In New Jersey, portions of which ranked at 58th and 206th on the February hotness list, many counties are seeing homes sell in a matter of days, and tens or even hundreds of thousands of dollars over the asking price, thanks to a combination of scarce inventory and frenzied demand.
New Jersey real estate agent Joseph Aziz, with Joseph Aziz Real Estate, tells Realtor.com that he has been seeing buyers willing to pay extra to get into a home in a good location boasting top-notch schools, shopping districts, and parks.
“Ever since COVID started, the prices have been going up,” Aziz says. “There are a few periods of a two-to-three month span where the prices stay the same, but then it continues to go up.”
The agent adds that the only time you see price cuts in New Jersey nowadays is when “the property was aggressively overpriced” from the outset.
One example of New Jersey’s overheated real estate market comes from Bergen County, where in late October 2024 Aziz sold a five-bedroom, 4.5-bathroom home on a quarter-acre lot in Paramus for $1,725,000—which was $125,000 over the asking price.
Aziz says that it took him just six days to offload the property. During that time, he hosted two open houses, which attracted 130 house hunters and generated 27 offers.
The buyers were locals looking to upgrade their housing situation, Aziz recalls. They agreed to shell out six figures over the listing price without a home inspection or an appraisal, all because they were eager to close on a property with a good layout priced below $2 million.
Asked if he was surprised that his clients were willing to pay such a sizable premium, he says: “Not at all. I expected it to go over more. But I think [mortgage] rates being over 6.5% stopped it from being worse.”
Aziz explains that the local market is “very, very competitive,” especially when it comes to properties less than 10 years old with a larger square footage and a decently sized parcel of land.
“Less and less homes are being built, and people are choosing to renovate instead of build, so new construction is becoming harder and harder to secure,” he notes.
First
There is no way I‘d buy anything in Philly. Too many reports of car jackings, drug users, etc, etc.
This weekend we are at a house we own just outside of Ramstein Air Base doing some garden work. It is furnished and it is a short term rental for military and civilians coming to Germany for a three year tour of duty or returning to the US. This has been a good investment but may be coming to an end with Trump planning to pull the military out of Germany. If the US military leaves this area there will be a glut of housing available in an area with a depressed local economy. The house itself is great though and a short drive from France and Luxembourg.
Is it just me, or is RFK Jr slowly morphing into Jabba the Hut (or maybe Pepe the Frog – the meme thing).
He is 71….and is in great shape.
https://www.youtube.com/watch?v=piRulptA06o
130 people looking and 27 offers on the house in 6 days. $125,000 over asking. It’s beyond madness. Or is it? And reports this morning stating that rates will fall, adding gas to the fire. I’m long overdue visiting open houses.
US President Donald Trump’s team has ordered the termination of vital support for F-16 fighter jet jamming equipment that Ukraine has. What is important to understand is that this could deprive the Ukrainian Air Force of its most important
https://bskyDOTapp/profile/onestpress.bsky.social/post/3ljv4vpprls2x as usual replace DOT
Lots of countries buy US military equipment Maybe not so much in the future The article sights Dassault, what about the Gripen, Eurofighter or Tornado US based MIC entities may experience unintended consequences Right now, Gen 2 F35 in development is way late and $2T over budget and overseas orders may not ever come given what has transpired so all those development costs spread over smaller # of jets sold
Elon’s next Space X Crew Dragon flight to the ISS on Wednesday.. and boy those Nazis sure like diversity.
2 American Women
1 Japanese Man
1 Russian Man
Astronauts Wilmore and Williams will finally return home after the Pres Biden and the leader of NASA VP Harris left them stranded for eight months.
Italian leader Giorgia Maloni is proposing to extend Article 5 of the NATO Treaty to Ukraine without granting it membership in the military Alliance. The politician believes that this will “guarantee stable, long-term and effective security.
Interesting because Giorgia is ultra conservative. Why get involved, as italy et all might spill their own blood on this Maybe they are not worries about where the puck is but where it is going…
For 71, his mental capabilities have deteriorated pretty bad.
It’s not bad genes… I wonder what he was eating.
9:20. As designed and getting executed by Krasnov.
Nomad – “vital support” The F-16 uses a Northrup Grumman AN/ALQ-131 radar jamming pod. I assume the pause means we aren’t supplying new ones. They have 7 donated F-16 which we fully kitted. I believe two were already shot down, some more aircraft on the way etc.
It was said by our own military that a few jets will not give them air superiority. They are using them to chase and shoot down the drones launched, those cheap Shahed drones that cost very little. The AIM missile cost about $300,000 per shot. The most effective defense weapon they have now is out Patriot missile. Those cost $4 million dollars a shot. They use them now to take out the faster Russian missiles shot from a long range away out of reach of anything Ukraine has.
Zelensky wants 200 patriot missile batteries. 200 x 4 missiles. That would be 3.2 billion for the missiles and several billion more for the radars and launchers etc. Then the cost to reload and maintain. Several billion more annually.
Russia demonstrates a high level of sustained military capability and logistical support from countries like Iran, North Korea, and China. They launched an average two dozen missiles daily over nearly three years now.
What Ukraine really needs is long range offensive force projection that can hit multiple missile launch sites deep inside Russia. They need to take out the launchers of which many are mobile and hidden well as well as airbases and aircraft. To do that would mean probably stealth aircraft and ballistic missiles with a range of up to 1000 km or more. That kind of escalation surely means WWIII. That is why the United States and the EU won’t give it to them no matter what.
Sold for $960K, in Paramus. Not Upper Saddle River or Ho Ho Kus or Alpine but Paramus:
https://www.njmls.com/listings/index.cfm?action=dsp.info&mlsnum=24034345
I was talking to someone in his late 70s yesterday. Very fit, mentally capable and a family man. His house in Lawrence was built in mid 1700, and a lot of historical events happened around the house.
According to him, when he approached the town for his house to get designated as historic property a “few years” ago ( he meant 30- 40 years), the town told him they don’t care about houses south of I-295.
Good for him though, cuz he was able to get a lot of renovations done.
Sold for 780K, on a bust street. We’ve gone beyond Tulip bulb purchases, beyond critical reason to Mad Max survival:
https://www.njmls.com/listings/index.cfm?action=dsp.info&mlsnum=24037306
Juice, What russia needs is an effective trade embargo. Everything else will fall into place. Beyond a certain point the Russians will start to revolt. He knew it… and Kamala would have done it. Hence we got Musk and Trump.
Nomad what was said by Meloni was after this was is over we should extend NATO to protect Ukraine, as in if Putin breaks the truce after the conflict is frozen or over NATO steps in.
Again the EU does not want to pay for their defense. Neither does Canada. They don’t meet their spending commitments and have whittled down their military. It’s been over three years of war in Europe. They have not met their commitments. They expect the United States will send their trained soldiers and equipment to the front lines.
Will we see the million dollar starter home this year? Getting close.
https://www.njmls.com/listings/index.cfm?action=dsp.info&mlsnum=24036534
Rent – What you speak if won’t happen as the EU won’t allow it. Since the beginning of the war Russia has made a thousand sailings of Russian oil tankers through the Baltic Sea right past Copenhagen every day. Those tankers could easily be stopped, but have actually been allowed to continue unmolested and Russia has spent billions expanding their oil tanker fleet since the war started. There are estimated 600 Russian Oil tankers that sail and none are ever stopped.
Under contract, $565,000, one bathroom, on a double yellow street. No words….
https://www.njmls.com/listings/index.cfm?action=dsp.info&mlsnum=25000352
Use it or lose it, that’s for sure.
My dad, my uncle who just passed away. Hard physical work well into their 70s. Not afraid of it, at all.
Ain’t going to stop cancer or your ticker from stopping, but those guys were in far better shape than many 50 year olds I know.
God willing we all get there. I already had my brush with death, so maybe I got a few years clear as payback.
That said, I did get my all clear from Memorial Sloan Kettering and Sinai. Have a few follow ups but that’s just being overly cautious.
I owe everything to my significant other for scheduling that colonoscopy.
And it’s amazing how god damn gray you can go in 6 months living through that shit.
Day One! How about until September? Maybe he meant one day?
11:38 keyword: living!
Heavy drug use such as acid/heroin can make you quite crispy. As well as trash your pancreas. I would assume Bowie and Jobs are in that camp.
RentL0rd says:
March 9, 2025 at 9:52 am
For 71, his mental capabilities have deteriorated pretty bad.
It’s not bad genes… I wonder what he was eating.
Grim,
God bless you and God bless your significant other!
Since the beginning of the war Russia has made a thousand sailings of Russian oil tankers through the Baltic Sea right past Copenhagen every day. Those tankers could easily be stopped, but have actually been allowed to continue unmolested and Russia has spent billions expanding their oil tanker fleet since the war started.
Juice aren’t you the guy always worrying that Ukraine vs Russia is going to turn into WW3?
Well, a naval blockade (like you’re proposing) is considered an act of war under international law, and Russia would be lagally justified in responding with military force against whoever was doing the blockading.
That’s a much better way to start WW3 than supplying Ukraine with arms.
There ain’t no God. It’s luck, genetics, lifestyle, and healthcare. Money makes a huge difference in the last two.
That’s f’n common sense. Ain’t no guy in the sky doing jack shit.
Instead all of the “tribes” that believe in this shite are all jostling for who is better than the next, who hates the other the most, who should kill the members of the other tribe in the name of God, who thinks their tribe is superior, who thinks their tribe deserves all the land, or who thinks their tribe deserves all the money. Cause at the end of the day, all of the tribes love money.
Fast Eddie says:
March 9, 2025 at 1:30 pm
Grim,
God bless you and God bless your significant other!
WW3 is going to end with the USA being nuked if you fucc with Russia.
That will certainly put a kink in the economy here.
Putin ain’t backing down. We are way past 24hours.
Even OrangeHeadBronzerFaceUltaBeautyShopperKing can’t put a lid on this mess.
Thank Victoria Neuland for her work in messing up the entire world.
You get used to it, and when you don’t know much else, or because you are comfortable doing it, you stick to what you know.
And it’s all good until it isn’t.
Just read a document describing the death of a guy in a mine accident. That’s it, game over. It’s old, but it describes the death of one man. Where was God when he needed him?
https://arlweb.msha.gov/FATALS/1996/FTL96C12.htm
Grim says:
March 9, 2025 at 11:34 am
Use it or lose it, that’s for sure.
My dad, my uncle who just passed away. Hard physical work well into their 70s. Not afraid of it, at all.
Grey > Bald.
But if you play it right, you can own either.
Explain to me that concept. Haven’t experinced that since 1996. Is it good?
LAX says:
March 9, 2025 at 1:12 pm
11:38 keyword: living!
Oh, and if you enjoy “living,” don’t do this. I’m sure there is Pegasus on Putin’s phone. SloEJOe ordered it. They already know Putin will waste the USA.
Why the Fuccc not? It’s not like he has many years left. Boomer don’t care.
Juice Box says:
March 9, 2025 at 10:01 am
Russia demonstrates a high level of sustained military capability and logistical support from countries like Iran, North Korea, and China. They launched an average two dozen missiles daily over nearly three years now.
What Ukraine really needs is long range offensive force projection that can hit multiple missile launch sites deep inside Russia. They need to take out the launchers of which many are mobile and hidden well as well as airbases and aircraft. To do that would mean probably stealth aircraft and ballistic missiles with a range of up to 1000 km or more. That kind of escalation surely means WWIII. That is why the United States and the EU won’t give it to them no matter what.
OC1 -I was responding to Rents trade embargo…and why it hasn’t happened.
I am full aware that China and India will want a war if we cut off their oil supplies.
Americans love war. They write movie after movie about it.
RFK has degrees in history, literature and law.
Why the F is he heading the CDC?
He’s a great fit to be my personal trainer and nothing more.
Anyone who is enamored by his muscles is a moron.
Russia has proven that you don’t need a physical war to win.
A few pretty faces, some riches thrown at ya, a well oiled misinformation engine, and you can own any country. War is hard work.
I love War movies.
Just enjoyed Tom Hank’s Greyhound.
The upcoming one where LA gets nuked is going to be a good one.
You will get to star in it if the director Donald Trump is able to get the funding.
You are the guy with the hot wife who both of you look into each others eyes as they melt away from your skull. While at the beach in your Bimmer.
LAX says:
March 9, 2025 at 3:23 pm
I love War movies.
Roids actually work. Just ask your local PoPo, where most are juicing according to the MD’s where I work.
RentL0rd says:
March 9, 2025 at 3:17 pm
RFK has degrees in history, literature and law.
Why the F is he heading the CDC?
He’s a great fit to be my personal trainer and nothing more.
Anyone who is enamored by his muscles is a moron.
RentL0rd says:
March 9, 2025 at 3:17 pm
“Why the F is he heading the CDC?”
Says the dope that enjoyed being governed by SlowJoe and his band of useless misfits; and wanted to be governed by Carmella and whatever incompetent hacks would work for her. Try looking at the big picture: more being accomplished for law-abiding tax-paying citizens every 24 hours, than was accomplished during the past 4 years under SlowJoe.
Dark Phoenix says:
March 9, 2025 at 3:35 pm
“Roids actually work. Just ask your local PoPo, where most are juicing”
Went to a gym in Honesdale, PA yesterday and saw the biggest guy I’ve seen in years; must’ve been a cop. Also the biggest gal I’ve seen in years; must’ve been a lady cop.
3:34 it’s never easy, but I picked a good one. The wife ain’t so bad either.
3:58 Smalls,
Say what you will, the economy and my portfolio did better with slow joe than so far with traitor trump.
Traitor is warning you himself
https://www.nytimes.com/live/2025/03/09/us/trump-news-updates
Donald must’ve been at Mar-a-Lago this weekend because I didn’t read about anything stupid. Market futures are down already and expectations of more Maga stupidity.
Lib, it’s Sunday night, breathe….
Lib,
He’s been golfing both days.
h**ps://trumpgolftrack.com/
There is so much stupidity coming out of this WF during the week, that it takes the weekend to cover some of it. Fox News aired the turd’s comments about warning us of a recession on Sunday.
In other news, I was at the Philly Flower show with my wife and daughter this weekend. Also, went into the butterfly “dome” and had a bunch of the critters land all over me. I was wearing my favorite “Quebec” hat and a couple landed on it as well. A random guy looks at me and says – Oh, they must like your cologne. I smiled and said – “Or, maybe they just like Canada”. He may have been a MAGA guy, cuz that ended the conversation right then and there and we walked our ways. My wife said my joke was not funny.. so not sure.
*WH
“It could have gone up, it could have gone down. It could have gone left or right.” – DJT
But let us add another plane crash to this man’s record:
https://abcnews.go.com/US/small-plane-crashes-pennsylvania/story?id=119615364
At least it crashed into horse buggies were hurt in this crash.