Author Archives: grim

Fire all the professors

Posted on May 13, 2024 by grim

Not real estate related, but had to post this snarky masterpiece: From The Atlantic: No One Knows What Universities Are For Last month, the Pomona College economist Gary N. Smith calculated that the number of tenured and tenure-track professors at … Continue reading →

Posted in Crisis, Economics, Employment | 57 Comments

The Worst Time?

Posted on May 11, 2024 by grim

From Kiplinger: Is This the Worst Time To Buy a Home? The Federal Reserve is holding interest rates steady, and mortgages are hovering over 7%. House prices are still rising. Housing supply is still not close to meeting demand.  Is … Continue reading →

Posted in Crisis, Demographics, Economics, Housing Bubble, National Real Estate | 35 Comments

This again?

Posted on May 10, 2024 by grim

From Quartz: ‘Fractional home ownership’ wants to fix real estate’s woes. What is it and could it work? There’s more than one way to own a house these days. Sites including real estate startup Pacaso are opening up a new … Continue reading →

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

To be honest, there are some signs…

Posted on May 9, 2024 by grim

From Business Insider: Home sellers are facing a summer from hell The past few years were very good to people who decided to sell their homes. The massive relocation shuffle meant most homes hitting the market were the subject of … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 50 Comments

Northeast the strongest?

Posted on May 8, 2024 by grim

From Fast Company: As the Northeast housing market heats up, Florida’s is cooling down Researchers at John Burns Research and Consulting (JBREC) publicly released the results from their March survey of real estate agents, and it paints an interesting picture. It aligns … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate, New Jersey Real Estate | 73 Comments

Not quite the 70s…

Posted on May 7, 2024 by grim

From Yahoo Finance: Return to the ’70s? Today’s housing market has echoes of dark era. High inflation and a disappointing report on economic growth — followed by a sudden drop in stocks late last month — made for a familiar economic combination. … Continue reading →

Posted in Demographics, Economics, Employment, Mortgages, National Real Estate | 83 Comments

Hottest markets in NJ right now

Posted on May 6, 2024 by grim

From NJ1015: 21 of this spring’s hottest real estate markets are in NJ Out of 10,770 towns nationwide realtor.com looked at the hottest real estate markets in the country. They calculated the rankings by looking at the number of days … Continue reading →

Posted in Housing Bubble, New Jersey Real Estate | 69 Comments

Uh oh.. NJ hits peak-warehouse

Posted on May 5, 2024 by grim

From NJ Spotlight News: Warehouse industry reports point to possible slowdown Recent data from state and industry sources shows a sharp slowing in the number of building permits issued for warehouse construction last year in New Jersey. Those sources also … Continue reading →

Posted in Economics, Employment, New Development, New Jersey Real Estate | 22 Comments

Inventory shifts positive?

Posted on May 3, 2024 by grim

From the Star Ledger: Real estate update: These NJ counties saw home inventory increase in April Across New Jersey, 13 counties saw an increase in new home listings compared with April 2023. And, the number of new listings also increased … Continue reading →

Posted in General, Housing Bubble, New Jersey Real Estate | 75 Comments

Back Again

Posted on May 1, 2024 by grim

From CNBC: Demand for riskier adjustable-rate mortgages hits highest level of the year, due to rising rates When mortgage rates rise, consumers look for any way to lower their monthly payments, and that often leads them to adjustable-rate mortgages. These … Continue reading →

Posted in Economics, Housing Bubble, Risky Lending | 105 Comments

This pattern seems familiar..

Posted on April 29, 2024 by grim

From NJ.com: Regulators close Republic First Bank, regional lender with 15 N.J. locations Regulators have closed Republic First Bank, a regional lender operating in Pennsylvania, New Jersey and New York. The Federal Deposit Insurance Corp. said Friday it had seized … Continue reading →

Posted in General | 74 Comments

Oh, hey Austin, you too?

Posted on April 26, 2024 by grim

From Bloomberg: Plunging Home Prices, Fleeing Companies: Austin’s Glow Is Fading Oracle Corp. is moving its headquarters out of the city. Tesla Inc. is pulling back after a rapid expansion. Almost a quarter of commercial office space is vacant, and nowhere in the … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 80 Comments

The first to fall

Posted on April 25, 2024 by grim

From the NY Post: Once the West Coast’s crown jewel, San Francisco’s real estate market is crashing San Francisco, once the crown jewel of the West Coast, is now teetering on the brink of collapse — and it seems like … Continue reading →

Posted in Crisis, Demographics, Economics, Housing Bubble, National Real Estate | 74 Comments

Zillow Home Price Forecast

Posted on April 24, 2024 by grim

From Zillow: Zillow Home Value and Home Sales Forecast (March 2024) Zillow’s home value forecast calls for 1.9% growth over 2024 – slower than long-term norms but a welcome slowdown for first-time buyers compared to the rapid appreciation seen over … Continue reading →

Posted in Demographics, Economics, Housing Bubble, New Jersey Real Estate, NYC | 90 Comments

Sorry about the affording thing

Posted on April 23, 2024 by grim

From CNBC: Luxury real estate prices just hit an all-time record  Real estate is increasingly a tale of two markets — a luxury sector that is booming, and the rest of the market that continues to struggle with higher ratesand low inventory. … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate | 100 Comments