Author Archives: grim

Eatontown = Hollywood?

Posted on February 24, 2024 by grim

From NJ.com: Netflix plan to build massive N.J. studio gets key approval Netflix’s plans to build a $903 million production studio complexat the former Fort Monmouth army base got a key approval from a local board Wednesday. The Fort Monmouth Economic … Continue reading →

Posted in Economics, Employment, New Development, New Jersey Real Estate, Shore Real Estate | 43 Comments

Are we in the 80s again?

Posted on February 23, 2024 by grim

From Fortune: Say goodbye to the peak of home price appreciation, Fortune 500 chief economist says—it’s behind us Back to the ’80s Fleming has spoken with Fortune on several occasions about the comparison of today’s housing market to that of the 1980s. … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 67 Comments

Demographics driving housing

Posted on February 22, 2024 by grim

From Newsweek: How Millennials Are Shifting the Housing Market For a large number of millennials, the generation born between 1981 and 1996, the time to buy a home has never been quite right. Older millennials were not yet 30 when … Continue reading →

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

Dying? Already dead.

Posted on February 21, 2024 by grim

From Fast Company: How the starter home became a dying American dream When 26-year old Memphis resident DeMario Johnson returns to his home after working a long day servicing waterwells for the local utility in Raleigh, North Carolina, he doesn’t … Continue reading →

Posted in Crisis, Demographics, Economics, Housing Bubble, National Real Estate | 93 Comments

Free and Clear

Posted on February 20, 2024 by grim

From NJ.com: More than 1 in 3 N.J. homes now mortgage free in major home debt shift More than one-third of homes in New Jersey are mortgage free, mirroring national trends and reaching new highs, federal data shows. U.S. Census … Continue reading →

Posted in Demographics, Economics, Mortgages, National Real Estate, New Jersey Real Estate | 37 Comments

Sold out, come back again later.

Posted on February 19, 2024 by grim

From NJ.com: New listings of homes for sale plummeted 10% or more in these 7 N.J. counties. See latest prices. More than half of New Jersey counties saw fewer homes hit the real estate market in January with seven counties … Continue reading →

Posted in Economics, Housing Bubble, New Jersey Real Estate | 8 Comments

Florida’s new “property tax”

Posted on February 17, 2024 by grim

From the NY Post: Florida home prices fall as surging insurance costs scare buyers Home prices along Florida’s southwest coast have plummeted as excess inventory soars due to the ongoing insurance crisis that has gripped the Sunshine State. Realtors said that … Continue reading →

Posted in Economics, National Real Estate, Unrest | 43 Comments

Oh boy, now they did it…

Posted on February 16, 2024 by grim

From Business Insider: The myth of the housing bubble Almost as soon as home prices began their unprecedented climb in 2020, doomsayers began warning of a looming crisis. The housing market, they claimed, was a bubble destined to burst. A … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 42 Comments

Mortgage see-saw takes it’s toll

Posted on February 15, 2024 by grim

From CNBC: Mortgage rates surge higher again, causing homebuyers to pull back After a brief reprieve in December and January, mortgage rates are moving higher again, and that is taking its toll on mortgage demand. Total mortgage application volume fell 2.3% … Continue reading →

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

37 NJ towns you can’t afford

Posted on February 14, 2024 by grim

From the Star Ledger: These 37 N.J. towns have home values of at least $1M. See latest statewide ranking. New Jersey’s home prices continued to steadily increase through the end of last year with typical home values of at least … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate | 100 Comments

Flooding kicks off new wave of Blue Acres buyouts

Posted on February 13, 2024 by grim

From ABC News: Flood-stricken New Jersey residents look into government-funded home buyout program The flooding in parts of New Jersey over the past few months left mounts of headaches for residents. Countless residents from those affected areas came out to … Continue reading →

Posted in Crisis, New Jersey Real Estate, Politics, Unrest | 77 Comments

Priced out of Monmouth

Posted on February 12, 2024 by grim

From the APP: Monmouth County median home prices start the new year by rising over the $800K mark The median home in Monmouth County listed for $808,750 in January, up 2.5% from the previous month’s $789,000, an analysis of data from Realtor.com … Continue reading →

Posted in Housing Bubble, New Jersey Real Estate, Shore Real Estate | 57 Comments

NYC’s rent controlled time bomb

Posted on February 11, 2024 by grim

From Bloomberg: Why NYC Apartment Buildings Are on Sale Now for 50% Off Even in the crisp afternoon sunlight, the two-bedroom Manhattan apartment has a ghostly pallor, its cracked walls yellowing like an ancient black-and-white photograph. Paint chips are falling from … Continue reading →

Posted in Crisis, Demographics, Economics, NYC, Politics, Price Reduced | 55 Comments

Shocker: Rental agents say you should rent…

Posted on February 9, 2024 by grim

From CBS/Philly: Jersey Shore real estate experts urge families to book summer rentals quickly as warm weather approaches Jersey Shore real estate experts are urging families to book their summer rentals quickly as they expect a spike in demand for … Continue reading →

Posted in Philly, Shore Real Estate | 100 Comments

Best geopolitical news in a decade

Posted on February 8, 2024 by grim

Has nothing to do with real estate, but our neighbors on this side of the world really should be our strongest trade partners. From Quartz: The US imported more from Mexico than China for the first time in decades For … Continue reading →

Posted in Economics, Politics, Unrest | 106 Comments