Monthly Archives: August 2025

Canada – take the money and run

Posted on August 30, 2025 by grim

From Mortgage Professional: Canadians are flocking away from the US housing market More than half of Canadians who own US residential properties are considering selling within the next year, according to a Royal LePage survey.   Of those planning to sell, 62% … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate, Politics | 66 Comments

July Market Highlights

Posted on August 29, 2025 by grim

From mycentraljersey.com: How the Central Jersey real estate market performed last month New Jersey’s hot real estate market did not cool in July, as the average single-family home sold for $776,166, a 6.6% increase over July 2024. The county with … Continue reading →

Posted in Demographics, Economics, Housing Bubble, New Jersey Real Estate | 65 Comments

Tale of two markets

Posted on August 28, 2025 by grim

From Parcl Labs: Regional Divide as New Construction Cracks: August Motivated Seller Update This summer Parcl Labs launched the Motivated Seller Index (MSI): a real-time, 0-10 metric scoring seller urgency based on days on market, price-cut frequency, cut velocity, and … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 82 Comments

NJ Transit Fire Sale?

Posted on August 27, 2025 by grim

From the Ridgewood blog: NJ Transit Eyes Multi-Million Dollar Real Estate Sales to Boost Revenue and Spur Development Ridgewood NJ, NJ Transit is preparing to transform parking lots and underused land into revenue-generating developments — with the potential to reshape … Continue reading →

Posted in New Development, New Jersey Real Estate, Politics | 99 Comments

Praying for a refi

Posted on August 26, 2025 by grim

From Fortune: Millennials and Gen Z are gambling on a big mortgage-rate drop, using ARMs and refinancing. But that could be a ‘financial ticking time bomb’ Mortgage rates have remained elevated since 2023 and home prices are at record highs, locking … Continue reading →

Posted in Demographics, Economics, Housing Bubble, Mortgages, National Real Estate, Risky Lending | 80 Comments

Buyers Walking Away

Posted on August 25, 2025 by grim

From the Hill: Home purchases are getting canceled at a record rate: Redfin Home sales are falling through at the highest rate in years, as record prices, elevated mortgage rates and economic uncertainty lead more buyers to walk away. More than 15 percent … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate | 52 Comments

Look on the bright side?

Posted on August 24, 2025 by grim

From USA Today: How much NJ taxpayers stand to save from Trump tax cuts in 2026, county by county President Donald Trump’s “One Big Beautiful Bill” is now law, and millions of New Jersey taxpayers will see lower federal tax bills starting … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes | 41 Comments

Market on Pause

Posted on August 23, 2025 by grim

From Fox Business: It’s a buyer’s market and nobody is buying: Where Is Jerome Powell? If you’ve flipped through the real-estate pages lately – or just tried to pull up Redfin or Zillow – something’s glaringly obvious. Nobody’s moving and nobody’s buying homes right now.   Recently, I took a glance on Zillow at one of the hottest markets in Florida, which is Route 30A in … Continue reading →

Posted in Demographics, Economics, Housing Bubble, Mortgages, National Real Estate | 58 Comments

Home sales tick up? Still room to run?

Posted on August 22, 2025 by grim

From Reuters: US existing home sales tick up unexpectedly in July Sales of previously owned U.S. homes ticked unexpectedly higher in July, but the pace of sales remains sluggish amid affordability issues for buyers thanks to high house prices and … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, Mortgages, National Real Estate | 30 Comments

When do we hit the tipping point?

Posted on August 20, 2025 by grim

From CNN: The fever gripping the housing market seems to be breaking. Here’s why For the past few years, Brock and Lori Harris, a husband-and-wife real estate agent team in Los Angeles, have navigated a red-hot housing market. Lately, they … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate | 122 Comments

Frozen

Posted on August 17, 2025 by grim

From the WSJ: Nobody’s Buying Homes, Nobody’s Switching Jobs—and America’s Mobility Is Stalling People are moving to new homes and new cities at around the lowest rate on record. Companies have fewer roles for entry-level workers trying to launch their … Continue reading →

Posted in Demographics, Economics, Employment, National Real Estate | 79 Comments

Junk it

Posted on August 14, 2025 by grim

From the Real Deal: Why Cuomo is wrong about Mamdani’s rent-stabilized apartment Like any good socialist, Zohran Mamdani is familiar with the Marxist phrase, “From each according to his ability, to each according to his needs.” Mamdani says he was … Continue reading →

Posted in Crisis, Demographics, Economics, NYC, Politics | 104 Comments

Tick tick tick tick

Posted on August 13, 2025 by grim

From the NY Post: Buyers are back in charge as real estate market cools — majority of US homes now selling below ask The bidding wars are over — at least for now.  More than half of US homes sold … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 58 Comments

Not so good here?

Posted on August 12, 2025 by grim

From NJBIA: Report: Employer Announced Layoffs Spike in July, NJ has Highest in Eastern US  Tech, AI and federal tariffs are increasingly blamed for a 29% monthly increase in US employer-announced layoffs nationwide in July, according to a report from … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 85 Comments

It’s different here..

Posted on August 11, 2025 by grim

From Yahoo Finance: Sellers keep the upper hand in the expensive, wealthy Northeast Homebuyers are gaining power in much of the country. Just not in the wealthy, pricey East Coast. Consensus is growing among economists that home prices will flatline or … Continue reading →

Posted in Demographics, Economics, Employment, National Real Estate, New Jersey Real Estate, NYC | 59 Comments