Author Archives: grim

Tariffs good for home prices?

Posted on March 5, 2025 by grim

From CNBC: Here’s how tariffs will hit the U.S. housing market From lumber to drywall to appliances to finishings, much of what goes into a U.S. home comes from outside American borders. The cost of those products is about to … Continue reading →

Posted in Crisis, Economics, Housing Bubble, National Real Estate, Politics | 107 Comments

Crash starts in Florida?

Posted on March 4, 2025 by grim

From the NY Post: Is Florida heading towards a new housing crisis? A housing crisis is brewing in Florida. A confluence of decreased homebuying and increased housing stock has created a perfect storm for would-be sellers in the Sunshine State.  … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 145 Comments

NJ going to cost you a little more next year

Posted on March 3, 2025 by grim

From the Star Ledger: You won’t believe what N.J. is trying to tax now. Here’s the full list.  The list of taxes and fee changes in the proposed budget include: Brand-new taxes: The state anticipates collecting $277 million by taxing go-cart … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes | 121 Comments

Who makes, who takes

Posted on March 2, 2025 by grim

From Bloomberg: The Blue State-Red State Tax Divide Isn’t Really That Fair The Trump administration’s many attempts over the past couple of weeks to halt federal spending have met mostly with approval from Republicans on Capitol Hill and outrage from … Continue reading →

Posted in Demographics, Economics, Employment, National Real Estate | 55 Comments

Good time to buy?

Posted on March 1, 2025 by grim

From Newsweek: Should You Buy a House in March? Experts Weigh in on Housing Market Heading into March 2025, potential homebuyers are facing significant challenges such as high mortgage rates, rising home prices and inflation. Additionally, factors like the threat … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 68 Comments

NJ Wealth Tax

Posted on February 28, 2025 by grim

From northjersey.com: Is Murphy’s proposal to increase NJ’s ‘mansion tax’ a good thing? Experts have concerns Gov. Phil Murphy’s 2026 fiscal year budget proposal includes $1.2 billion in new sales taxes and fees on things like alcohol, warehouse truck traffic, drones and … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate, Politics, Property Taxes | 268 Comments

Good luck buying that house

Posted on February 24, 2025 by grim

From Apollo: Median Age of Homebuyers: 56

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 291 Comments

The future of NJ office parks

Posted on February 22, 2025 by grim

From RentCafe: Record-Breaking 71K Apartments Set to Emerge From Office Conversions Office-to-apartment conversions are surging in popularity, with 2025 set to reach a record-breaking milestone of almost 71,000 units in the pipeline. This surge comes amid a nationwide shortage of apartments … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate, New Development, New Jersey Real Estate | 47 Comments

Where will spring ’25 go?

Posted on February 21, 2025 by grim

From the WSJ: Home Sales Likely Fell in January Home sales in January likely declined, as home prices and mortgage rates remained too high to attract buyers. Sales of previously owned homes likely fell 2.6% in January from December, economists … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate, New Jersey Real Estate | 138 Comments

Trump axes NYC congestion tolls

Posted on February 20, 2025 by grim

From the Hill: Trump declares New York ‘saved’ from congestion pricing: ‘Long live the king!’ President Trump on Wednesday declared New York “saved” after his administration announced it would rescind the Biden-era approval of a congestion pricing plan. “CONGESTION PRICING IS DEAD. … Continue reading →

Posted in New Jersey Real Estate, North Jersey Real Estate, NYC, Politics | 186 Comments

Don’t come here

Posted on February 19, 2025 by grim

From the Record: Property taxes in NJ are still the nation’s most expensive. Property taxes are a thorn in the side of homeowners. While many of us wish we didn’t have to pay them, we don’t have a choice. Just … Continue reading →

Posted in New Jersey Real Estate, Property Taxes | 188 Comments

“How can the housing market keep growing in 2025?”

Posted on February 18, 2025 by grim

From JP Morgan: The outlook for the US housing market in 2025 The U.S. housing market is likely to remain largely frozen through 2025. Some growth is still expected, but at a very subdued pace of 3% or less. Demand … Continue reading →

Posted in Demographics, Economics, Housing Bubble, Mortgages, National Real Estate | 130 Comments

Florida should thank NYC

Posted on February 17, 2025 by grim

From the NY Post: Wealthy New Yorkers flock to Palm Beach, causing house prices to skyrocket: ‘Supercharged migration’ At the height of the COVID-19 pandemic, wealthy New Yorkers eager to escape the confines of the Big Apple fled south toward … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate, NYC | 51 Comments

Will federal job cuts pop the bubble?

Posted on February 16, 2025 by grim

From HousingWire: The impact of job cuts on the DC housing market Is the Washington, D.C. housing market facing a sudden collapse ignited by DOGE’s job-cutting? A whirlwind of social media posts from dubious figures has sparked speculation that a large … Continue reading →

Posted in Crisis, Housing Bubble, National Real Estate, Politics | 38 Comments

Price growth slowing, but not here

Posted on February 14, 2025 by grim

From Mansion Global: U.S. Home Sellers Are Getting More Flexible on Price as Market Stalls U.S. home buyers faced a less competitive market in January amid a sluggish activity, according to a Redfin report Wednesday.  Homes took longer to sell … Continue reading →

Posted in Demographics, Economics, Housing Bubble, New Jersey Real Estate | 168 Comments