Author Archives: grim

Uh Oh…

Posted on April 20, 2025 by grim

From Zillow: Zillow Home Value and Home Sales Forecast (April 2025) Zillow’s latest forecast indicates a decline in home values coupled with an increase in existing home sales for 2025. While mortgage rates are in an especially unpredictable period, barring … Continue reading →

Posted in Crisis, Demographics, Economics, Housing Bubble, National Real Estate | 12 Comments

Of course NJ knows how to negotiate

Posted on April 18, 2025 by grim

From ESPN (I have no idea, but I’ll take it): New Jersey Homebuyers Rank Among America’s Top Negotiators New Home prices have been on the rise across the United States. In New Jersey, there has been a 12.5% increase in … Continue reading →

Posted in Economics, New Jersey Real Estate, Where's the Beef? | 129 Comments

Monmouth foreclosures up (but the number is tiny)

Posted on April 17, 2025 by grim

From NJ1015: This county had the sharpest increase in foreclosures in NJ If you’ve been following the housing market in New Jersey, you already know it’s been a bit of a rollercoaster. Between rising interest rates, high home prices, and … Continue reading →

Posted in Economics, Foreclosures, New Jersey Real Estate, Risky Lending, Shore Real Estate | 49 Comments

NJ economy softening?

Posted on April 15, 2025 by grim

From nj.com: Layoffs in N.J. double. More than 3,600 jobs are gone this year.  New Jersey saw twice as many layoffs in the first quarter of 2025 than it did last year, even before tariff fears, according to federal labor statistics. There … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 135 Comments

At least we still have the house

Posted on April 12, 2025 by grim

From the WSJ: Americans Have $35 Trillion in Housing Wealth—and It’s Costing Them The extra half a million dollars seemed to come so easily—on paper, at least.  In 2021, Nikole Flores and Rocco Savage bought an 1,800-square-foot home in Miami … Continue reading →

Posted in Crisis, Employment, Housing Bubble, Mortgages | 154 Comments

As goes stocks?

Posted on April 11, 2025 by grim

From NorthJersey.com: Do stock market’s ups and downs impact NJ’s real estate prices? We asked the experts The stock market experienced a historic rally on Wednesday following President Donald Trump’s announcement of a 90-day pause on most tariffs. The rally … Continue reading →

Posted in Crisis, Demographics, Economics, Employment, National Real Estate | 86 Comments

Here comes the inventory?

Posted on April 9, 2025 by grim

From the Bergen Record: Despite still dealing with low inventory, NJ saw a spike in active home listings in March As we get further into spring, real estate activity across the Garden State continues to grow. And while our region … Continue reading →

Posted in Demographics, New Jersey Real Estate | 191 Comments

Deal time?

Posted on April 7, 2025 by grim

From Yahoo Finance: Builders sitting on a pile of unsold homes are slashing prices and offering mortgage rate deals Homebuilders are sitting on the most unsold homes since the depths of the Great Recession, giving buyers a chance to snag … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate, New Development | 188 Comments

What’s going to happen to the spring market?

Posted on April 5, 2025 by grim

From NPR: More homes are finally hitting the spring market. Will buyers take the plunge? It’s springtime, and “For Sale” signs are popping up in front of homes across the country. But with so much uncertainty in the economy, it’s … Continue reading →

Posted in Demographics, Economics, Employment, Mortgages, National Real Estate, New Jersey Real Estate | 91 Comments

You need to make more money

Posted on April 4, 2025 by grim

From NorthJersey.com: Six-figure salary needed to buy a home in 30 states. This is how much you’ll need in NJ Earning more than $100,000 a year is something many of us can only dream of. What if we told you … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 193 Comments

That new build or renovation just got more expensive

Posted on April 3, 2025 by grim

From Politico: Where Trump’s tariffs will really hit home When President Donald Trump unveils his broad slate of new tariffs Wednesday, one industry that typically gets a sympathetic ear from the former real estate magnate is likely to feel especially … Continue reading →

Posted in Economics, Housing Bubble, New Development | 222 Comments

Not dead yet

Posted on April 2, 2025 by grim

From the Real Deal: Manhattan office leasing is back, baby  After finishing last year on a high note, the Manhattan office market came out the gate even hotter in 2025. Office leasing volume reached 12.2 million square feet in the first quarter, … Continue reading →

Posted in Demographics, Economics, Employment, New Development, NYC | 113 Comments

NJ Property Taxes – Uncapped Liability

Posted on April 1, 2025 by grim

From the Star Ledger: Struggling N.J. school district wants to raise taxes 36% in ‘shocking’ move  Local officials are facing off in Plainfield after the city’s board of education proposed raising local school property taxes by 36% — the district’s … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes | 139 Comments

NY Metro Leads US

Posted on March 31, 2025 by grim

From the NY Post: Northeast city sees biggest gain as home sales prices rise again Home sales prices continued to increase through the first month of the new year, with one major metro market in the Northeast boasting the biggest annual gain. … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate | 97 Comments

Everyone wants to be here

Posted on March 29, 2025 by grim

From the WSJ: This 4-Bedroom Ranch in N.J. Tells You Everything About the Lopsided Housing Market Two houses went on the market for similar prices at about the same time earlier this year. One got 25 offers. The other got … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, New Jersey Real Estate | 66 Comments