Author Archives: grim

56,000 Pending Eviction Cases

From the Star Ledger: As eviction moratorium nears end, N.J. to begin settlement conferences for renters, landlords The first mandatory settlement conferences in more than 56,000 pending landlord-tenant cases will begin next week, nearly a year-and-a-half since a statewide eviction moratoriumbegan … Continue reading

Posted in Economics, New Jersey Real Estate | 21 Comments

It’s just not possible here

From Bloomberg: Zero-Down Mortgages Stoke U.S. Subprime-Like Fears in Canada They’re the kind of exotic mortgages that one typically associates with the reckless, go-go housing market that gripped the U.S., circa 2005: Put down 5% cash and get 3% back; … Continue reading

Posted in Housing Bubble, Risky Lending | 377 Comments

Mid July Vax Stats

Updated Vaccination by Age Range for NJ:6/30 vs 7/17 At Least 1 DoseTotal Pop: 9.2mTotal 1st Doses: 5.6m – 61% of total pop (Up from 59%) – Bloomberg reporting 64.5% 12-15 – 450k population – 168k dosed – 37% 1 … Continue reading

Posted in General | 354 Comments

“I think we’ve just got so many unknowns right now”

From the Asbury Park Press: There’s more to NJ’s labor shortage than unemployment benefits. Here’s why It’s been more than a year since Ken Gaughran lost his job in radio promotions due to the pandemic, and he is slowly losing … Continue reading

Posted in General | 53 Comments

Getting deductions back! Maybe?

Hat tip to Joyce for this gem, from the Star Ledger: Property tax breaks would be restored under Senate budget bill, Menendez says A $3.5 trillion spending bill for health care, child care, education and climate change also will address … Continue reading

Posted in General | 266 Comments

Buyers bet big on staying home

From HousingWire: Home prices accelerating in areas without mass transit As more of the country moves to permanent work-from-home arrangements, home prices in car-dependent areas have risen twice as fast as those in transit-accessible areas, according to a recent study by Redfin. The … Continue reading

Posted in General | 318 Comments

Waiting it out

From MSN/Money: After a Year of High Prices, Homebuyers Are Burned Out Alexandra Lashner and her husband have been saving for a home since they got married in 2018. Their plan was to buy in the Philadelphia area this year, … Continue reading

Posted in General | 113 Comments

Rents skyrocketing

From Bloomberg: Soaring U.S. Rents Are the Sticky Inflation With Staying Power The cost of renting a home is soaring in cities across the U.S., squeezing the finances of low-income households and posing a threat to the consensus that pandemic … Continue reading

Posted in General | 173 Comments

What’s normal?

From the NYT: Manhattan Real Estate Finally Bounces Back to Normal As vaccination levels rise and businesses reopen, residential real estate has finally bounced back to where it was before Covid devastated New York. In Manhattan this spring, the number … Continue reading

Posted in General | 19 Comments

Sorry, sold out.

From Bloomberg: Suburban NYC Housing Frenzy Slows With Buyers Showing Fatigue Contracts to buy suburban New York homes have scaled back from their frenzied pace at the height of the pandemic. That doesn’t mean buyers have lost interest in acquiring … Continue reading

Posted in General | 85 Comments

Race to the 4th

Updated Vaccination by Age Range for NJ:6/22 vs 6/30 At Least 1 DoseTotal Pop: 9.2mTotal 1st Doses: 5.4m – 59% of total pop (Up from 58%) – Bloomberg reporting 62.8% 12-15 – 450k population – 162k dosed – 36% 1 … Continue reading

Posted in General | 52 Comments

Up Up and Away

From the WSJ: U.S. Home-Price Growth Rose to Record in April U.S. home prices surged at their fastest pace ever in April as buyers competing for a limited number of homes on the market pushed the booming housing market to … Continue reading

Posted in General | 135 Comments

New life for NJ’s suburban office parks?

From AllWork: UK WORKERS WANT TO RETURN TO OFFICES OUTSIDE OF THE CITY A new survey from Clockwise has found that the majority of Gen Z workers may prefer to work in an office. This revelation comes as the UK government … Continue reading

Posted in General | 208 Comments

Greenwood Lake now hip

From the Star Ledger: Ad-Rock of Beastie Boys, Kathleen Hanna selling lakefront N.J. home, party boat for $975K No sleep till … Jersey? Adam Horovitz, aka Ad-Rock from the Beastie Boys, and riot grrrl singer Kathleen Hanna from the bands … Continue reading

Posted in General | 135 Comments

So, here we are again…

From the Record: ‘A seller’s market’: Here’s where home prices are soaring in NJ even as the pandemic fades On the hunt for a home last summer, Priscilla Gabela and her husband, Antonio Aluotto, gave up after a month. Bidding … Continue reading

Posted in General | 51 Comments