Monthly Archives: September 2025

NJ construction set to increase, but only if we can find the workers

Posted on September 30, 2025 by grim

From NJBIZ: NJ construction outlook strong as spending rebounds  According to data presented by Otteau, as interest rates rose the volume of commercial investment real estate property sales in New Jersey fell by more than half – from $13 billion … Continue reading →

Posted in Demographics, Economics, Employment, New Development, New Jersey Real Estate | 57 Comments

Can’t afford to live anywhere

Posted on September 29, 2025 by grim

From National Mortgage Professional: Homes are less affordable than ever in 99% of the nation’s counties If you thought houses couldn’t become any more unaffordable, think again: Homes are now less affordable than ever in 99% of America’s counties. As … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 33 Comments

Fed concerned about housing

Posted on September 27, 2025 by grim

From Fast Company: Fed Governor Bowman warns of housing market risks: ‘Declines in house prices could accelerate’ Federal Reserve Governor Michelle Bowman issued a housing market warning during a speech at the Kentucky Bankers Association Annual Convention in Asheville, North Carolina on … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 59 Comments

August home sales dip, Northeast slows

Posted on September 26, 2025 by grim

From Reuters: US existing home sales dip in August Sales of previously owned U.S. homes ticked lower in August amid affordability issues for buyers thanks to still-pricey homes on the market and interest rates on mortgages that remain relatively steep … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 74 Comments

Don’t stop, get it get it

Posted on September 25, 2025 by grim

From CNBC: New home sales soar 20% in August to a three-year high Sales of newly built homes rose a much larger-than-expected 20.5% in August compared with July to the highest level since January 2022, according to the U.S. Census. … Continue reading →

Posted in Housing Bubble, National Real Estate, New Development | 96 Comments

Can’t afford a house, can’t afford kids

Posted on September 24, 2025 by grim

From Newsweek: US Birth Rate Warning Issued Over House Prices Skyrocketing housing costs may be swaying Americans from having children, contributing to plunging birth rates in the country, data suggests. According to the latest birth data released by the U.S. Centers … Continue reading →

Posted in Demographics, Housing Bubble, National Real Estate | 78 Comments

20 Year Retrospective – as told by AI

Posted on September 23, 2025 by grim

Here’s a 20-year retrospective on The New Jersey Real Estate Report (njrereport.com)—a blog that’s been equal parts data diary, town square, and pressure valve for Garden State housing watchers since the mid-2000s. Origins: blogging into the bubble (2005–2007) NJRER first lit … Continue reading →

Posted in Where's the Beef? | 66 Comments

Foreigners can afford it

Posted on September 22, 2025 by grim

From Newsweek: America’s High Mortgage Rates Aren’t Deterring Foreign Buyers While many Americans have dropped out of the housing market in recent months, with sales falling year-over-year in six out of the past eight months, the number of foreign buyers … Continue reading →

Posted in Demographics, Economics, National Real Estate | 96 Comments

Unaffordable at any rate

Posted on September 20, 2025 by grim

From WaPo: The cities where buying a house is most and least affordable as mortgage rates change When mortgage rates dropped to historic lows in 2021, below 3 percent, Britt Vaughan met with a real estate agent and tried to … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, Mortgages | 63 Comments

Sorry about your job

Posted on September 19, 2025 by grim

From NJBIA: NJ Unemployment Rate Climbs to 5% in August  New Jersey businesses added 4,900 jobs in August, but the unemployment rate climbed to 5.0%, the highest it has been in three and a half years, according to preliminary estimates … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 122 Comments

Don’t expect cuts to save housing..

Posted on September 18, 2025 by grim

From Mortgage News Daily: Mortgage Rates HIGHER (Not Lower) After Fed Rate Cut Several things happen on Fed Day–especially on the 4 out of 8 examples with updated rate forecasts from Fed members.  The official announcement of a rate cut … Continue reading →

Posted in Economics, Housing Bubble, Mortgages, National Real Estate | 148 Comments

Coming for us next?

Posted on September 16, 2025 by grim

From Newsweek: Florida’s Housing Market Has ‘Flipped’ for Homebuyers Florida’s housing market has “flipped” for homebuyers, according to real estate analyst Nick Gerli, but not the way they might have wished for. While the Sunshine State can solidly be considered a … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 204 Comments

Pay more and you too can be close to celebrity

Posted on September 15, 2025 by grim

From the Realtors: New Jersey Is Poised To Become a New Celebrity Hot Spot Thanks to Netflix’s Presence Hollywood, New York City, Miami, Aspen. When you think of hot spots where you might have an unexpected celebrity sighting, those cities usually top … Continue reading →

Posted in Humor, New Development, New Jersey Real Estate, Shore Real Estate | 88 Comments

More markets weaken

Posted on September 14, 2025 by grim

From FastCompany: Housing markets with falling home prices just hit highest level since 2012 Among the nation’s 200 largest metro-area housing markets: That’s the highest share of housing markets with falling year-over-year home prices since October 2012—when the housing market … Continue reading →

Posted in Housing Bubble, National Real Estate, Price Reduced | 77 Comments

Dip in rates gets buyers moving again

Posted on September 12, 2025 by grim

Why homebuyers are rushing back sooner than expected There’s good news for prospective homebuyers and current homeowners. Mortgage rates have ticked down in recent weeks. Unsurprisingly, the downtrend has caused the number of mortgage applications to surge, benefiting current homeowners. … Continue reading →

Posted in Demographics, Economics, Housing Bubble, Mortgages, National Real Estate | 150 Comments