Author Archives: grim

August home sales dip

Posted on September 23, 2021 by grim

From the WSJ: Hot U.S. Housing Market Cooled Some in August The turbocharged housing market slowed in August as near record asking prices are giving buyers pause, easing some of the frenzy that gripped the market only a few months ago. … Continue reading →

Posted in Economics, National Real Estate | 31 Comments

Silk City is Hot

Posted on September 22, 2021 by grim

From the Record: Gentrification or growth? Why Paterson is hot for real estate buyers and investors Zaib Atyat purchased his first home in Paterson 20 years ago for $250,000. The three-family unit on the city’s south side offered a steady source … Continue reading →

Posted in New Development, New Jersey Real Estate | 125 Comments

Sales down, prices up..

Posted on September 20, 2021 by grim

From Redfin: Home Sales Fell 6% in August, the First Annual Decline in 15 Months However, home prices were up 16%, and new listings posted their first year-over-year decline since February, which could signal a tightening market. The median price … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 136 Comments

Never bet against NYC

Posted on September 17, 2021 by grim

From Bloomberg: New York City Has Once Again Defied the Doomsayers. Here’s Why. New York City is emerging as one of the world’s most resilient big cities in the wake of the pandemic. The secret to its success is more … Continue reading →

Posted in General | 216 Comments

Impact or not?

Posted on September 16, 2021 by grim

From the Philly Voice: U.S. housing market faces ‘shock’ from end of mortgage forbearance — but no bubble, experts say Pandemic policies have undoubtedly shaped the way the U.S. housing market has functioned throughout the health crisis, which has had … Continue reading →

Posted in Economics, Mortgages, Politics, Risky Lending | 112 Comments

Boom or bubble

Posted on September 13, 2021 by grim

From CNBC: Here’s why experts believe the U.S. is in a housing boom and not a bubble The U.S. housing market has been an unlikely beneficiary from the Covid-19 pandemic. During the pandemic, home prices have climbed at a record … Continue reading →

Posted in Housing Bubble, National Real Estate, New Development | 381 Comments

20

Posted on September 11, 2021 by grim

From Thomas Franklin at the Bergen Record:

Posted in General | 82 Comments

Clear to close? Think again.

Posted on September 9, 2021 by grim

From Inman: Ida flooding could jeopardize 47,000 home sales in NY and NJ Devastating flash floods in New York and New Jersey in the aftermath of Hurricane Ida could delay or derail as many as 47,000 pending real estate transactions … Continue reading →

Posted in Mortgages, New Jersey Real Estate, Risky Lending | 196 Comments

Maybe some gentrification isn’t so bad?

Posted on September 6, 2021 by grim

Interesting piece from VOX: What we talk about when we talk about gentrification In his 2019 paper “Hoboken Is Burning: Yuppies, Arson, and Displacement in the Postindustrial City,” Princeton historian Dylan Gottlieb documented the violent displacement Puerto Rican residents faced … Continue reading →

Posted in Demographics, Economics, National Real Estate, New Development | 197 Comments

Nothing in between

Posted on September 4, 2021 by grim

From NPR: The Housing Shortage Is Significant. It’s Acute For Small, Entry-Level Homes America’s roaring real estate boom is leaving millions of would-be homebuyers out in the cold. The problem is most severe in that corner of the market that … Continue reading →

Posted in Economics, National Real Estate, New Development | 60 Comments

Bubflation?

Posted on September 1, 2021 by grim

From CNBC: Soaring home prices shattered another record in June, S&P Case-Shiller says Home prices rose 18.6% annually in June, up from the 16.8% increase in May, according to the S&P CoreLogic Case-Shiller national home price index. That is the … Continue reading →

Posted in Housing Bubble, National Real Estate | 265 Comments

Pending home sales dip

Posted on August 31, 2021 by grim

From MarketWatch: Pending home sales slide for second month in a row — even though economists predicted an increase Fewer Americans signed on the dotted line in July to purchase a home — but it’s likely too early to say … Continue reading →

Posted in Economics, National Real Estate | 54 Comments

Lowball! is Back!

Posted on August 30, 2021 by grim

From the NY Post: Here’s why a bonkers $39M NJ mansion just sold for a measly $4.6M You thought those friends who snagged a Catskills farmhouse just before all hell broke loose in March 2020 were getting a deal? Well, … Continue reading →

Posted in Lowball | 46 Comments

Great time to be a landlord in NJ

Posted on August 27, 2021 by grim

From the Record: Tangled relationship: Renters stop paying amid pandemic, forcing small landlords into bind Elena Walczyk had a buyer lined up to purchase the mobile home in Cape May County that she and her husband had rented out for years. But … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes | 147 Comments

What now for NJ unemployed?

Posted on August 25, 2021 by grim

From the Star Ledger: Murphy won’t say if N.J. will extend pandemic unemployment benefits, affecting 500K residents With approximately 500,000 New Jerseyans set to lose pandemic unemployment benefits after the first week of September, Gov. Phil Murphy won’t say if … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate | 216 Comments