Author Archives: grim

Simmer Down

Posted on January 31, 2025 by grim

From Redfin: The Typical Home Is Taking Nearly 2 Months to Sell. That’s The Slowest Pace in 5 Years. Homes are selling at their slowest pace since the start of the pandemic, and fewer homes are turning over, as mortgage … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate | 111 Comments

New home sales pop!

Posted on January 29, 2025 by grim

From Reuters: US new home sales exceed expectations; rising supply curbs house price growth Sales of new U.S. single-family homes increased more than expected in December, further evidence that housing market activity regained some momentum at the end of 2024, … Continue reading →

Posted in Demographics, Economics, National Real Estate | 191 Comments

Jersey City is where we’re growing?

Posted on January 25, 2025 by grim

From NorthJersey.com: One North Jersey city leads the Garden State in housing development. See where While housing inventory across the nation has continued to fall short of meeting the growing demand, certain cities are making bigger strides at closing that … Continue reading →

Posted in Demographics, Economics, Employment, New Development, New Jersey Real Estate | 109 Comments

NJ Bakes, The World Takes

Posted on January 22, 2025 by grim

Why am I posting this? Who knows. We can still make things here in NJ. From Jersey Digs: Former New Jersey Party City Will Become One of America’s Largest Doughnut Factories A former Party City space just a stone’s throw … Continue reading →

Posted in Economics, New Development, New Jersey Real Estate, Where's the Beef? | 220 Comments

Uh Oh

Posted on January 21, 2025 by grim

From HousingWire: Home sales are stalled with 7% mortgages New contracts for home purchases are coming in very low this month. We counted 10% fewer home sales for the week than the same week a year ago. In the fourth … Continue reading →

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

Trump fix housing?

Posted on January 18, 2025 by grim

From Yahoo Finance: Trump will inherit a housing market creaking under the strain of high prices and high interest rates President-elect Donald Trump is inheriting a housing market that looks nothing like it did in his first term. Affordability, measured … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate | 116 Comments

NJ Economic Predictions 2025

Posted on January 15, 2025 by grim

From Princeton Perspectives: 2025 New Jersey Economic Outlook Real Estate – In real estate, the housing market could see moderate growth, however, housing affordability will remain a challenge. New Jersey’s municipalities are currently contemplating the impact of having to come … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate, Politics | 123 Comments

Go Long on Greenland?

Posted on January 14, 2025 by grim

Real estate opportunity of a lifetime? From the Hill: 1 poll finds majority of Greenland respondents support joining US A new survey found that a majority of Greenland respondents support joining the United States. According to a poll by Patriot Polling released … Continue reading →

Posted in National Real Estate, New Development | 71 Comments

Will they get paid? Will they rebuild?

Posted on January 13, 2025 by grim

From MSN: Their Wealth Is in Their Homes. Their Homes Are Now Ash. Sylvia Sweeney and her husband, Bob Honeychurch, bought their three-bedroom home nestled in the foothills of the San Gabriel Valley for $780,000 in 2009. At the start … Continue reading →

Posted in Crisis, Economics, National Real Estate | 72 Comments

Jobs Day!

Posted on January 10, 2025 by grim

From CNN: What to expect from the final jobs report for 2024 In 2024, job growth continued to cool off, settling back into a familiar gait that was roughly in line with the pace of job creation in 2010-2019. Through November, the … Continue reading →

Posted in Demographics, Economics, Employment, National Real Estate | 80 Comments

Clifton is … hot?

Posted on January 9, 2025 by grim

From the Record: Clifton is one of the hottest towns in New Jersey for homebuying. Here’s why While not much farther from New York than Bergen, many Passaic communities feature more spacious neighborhoods and are known for beloved nature spots, … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 54 Comments

Jersey Payday

Posted on January 8, 2025 by grim

From the APP: NJ property values have soared since COVID. Which towns have seen the biggest increases? The top 10 municipalities with the highest increases in average property value from 2018 to 2023 include:

Posted in Housing Bubble, New Jersey Real Estate, Where's the Beef? | 54 Comments

December Market Update

Posted on January 6, 2025 by grim

A new thread for ChiFi, from the Bergen Record: How did North Jersey’s real estate market finish off 2024? Our December market update Real estate activity in New Jersey slowed down as 2024 came to an end, with the state … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate | 125 Comments

Build Baby Build

Posted on January 3, 2025 by grim

From RENJ: Judge: State can continue rollout of affordable housing law, pending outcome of legal challenge A judge has denied a request by some two dozen towns to halt the rollout of New Jersey’s new affordable housing law, in a … Continue reading →

Posted in Demographics, Economics, Housing Bubble, New Development, New Jersey Real Estate, Politics | 63 Comments

Innovation HQ to Housing – the NJ Way

Posted on January 2, 2025 by grim

From the Star Ledger, Hat Tip Juice: Bell Labs marks 100th birthday as iconic N.J. company prepares for huge move The sprawling Murray Hill campus on Mountain Avenue was a bustling center for innovation in suburban Union County for decades. … Continue reading →

Posted in Demographics, Economics, Employment, New Development, New Jersey Real Estate | 25 Comments