Author Archives: grim

Northeast sees strongest price growth in Q4

Posted on February 12, 2025 by grim

From MortgageOrb: NAR: Home Price Growth Picked Up Steam Again in Q4 The national median single-family existing-home price was $410,100 as of the end of the fourth quarter, an increase of 4.8% compared with the fourth quarter of 2023, according … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 380 Comments

Still not building enough homes

Posted on February 11, 2025 by grim

From Fortune: 2024 new home sales hit their highest pace in three years. Does that mean lower home prices are around the corner? Home values have skyrocketed over recent years. The median sales price in the final quarter of 2024 was $419,200 … Continue reading →

Posted in Demographics, Economics, National Real Estate, New Development | 168 Comments

Sounds about right

Posted on February 10, 2025 by grim

From Patch: NJ Residents Struggling To Pay Rent, Mortgages, Study Says: Report If you’re struggling to pay your rent or mortgage on time, you’re not alone. In fact, New Jersey residents are finding it harder than most to manage the … Continue reading →

Posted in Demographics, Economics, Employment, Foreclosures, New Jersey Real Estate, Risky Lending | 86 Comments

Spring Market!

Posted on February 9, 2025 by grim

From the Record: NJ housing inventory spiked by 53% from the end of 2024. Our January market update As New Jersey’s real estate market picked back up in January from December’s end-of-year lull, the Garden State saw significant increases in … Continue reading →

Posted in Economics, Housing Bubble, New Jersey Real Estate | 33 Comments

First Jobs Report of 2025

Posted on February 7, 2025 by grim

From CNBC: The big January jobs report comes out Friday. Here’s what to expect When the Bureau of Labor Statistics releases its nonfarm payrolls count for January, it is projected to show growth of 169,000, down from 256,000 in December, … Continue reading →

Posted in Demographics, Economics, Employment, National Real Estate | 145 Comments

Prices Up, Inventory Down

Posted on February 4, 2025 by grim

From the Record: Single-family home listings in NJ were down in 2024. See by how much The number of new listings for single-family homes in New Jersey grew in 2024 compared with the prior year, but that number remained well … Continue reading →

Posted in Housing Bubble, New Jersey Real Estate | 361 Comments

Sorry Jersey

Posted on February 3, 2025 by grim

From the Record: NJ shut out of Zillow’s top 50 housing markets for 2025. Nobody loves New Jersey more than the people who live here. And with its miles of beaches, sprawling green spaces, highly rated restaurants and proximity to … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate, New Jersey Real Estate | 137 Comments

Simmer Down

Posted on January 31, 2025 by grim

From Redfin: The Typical Home Is Taking Nearly 2 Months to Sell. That’s The Slowest Pace in 5 Years. Homes are selling at their slowest pace since the start of the pandemic, and fewer homes are turning over, as mortgage … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate | 197 Comments

New home sales pop!

Posted on January 29, 2025 by grim

From Reuters: US new home sales exceed expectations; rising supply curbs house price growth Sales of new U.S. single-family homes increased more than expected in December, further evidence that housing market activity regained some momentum at the end of 2024, … Continue reading →

Posted in Demographics, Economics, National Real Estate | 191 Comments

Jersey City is where we’re growing?

Posted on January 25, 2025 by grim

From NorthJersey.com: One North Jersey city leads the Garden State in housing development. See where While housing inventory across the nation has continued to fall short of meeting the growing demand, certain cities are making bigger strides at closing that … Continue reading →

Posted in Demographics, Economics, Employment, New Development, New Jersey Real Estate | 109 Comments

NJ Bakes, The World Takes

Posted on January 22, 2025 by grim

Why am I posting this? Who knows. We can still make things here in NJ. From Jersey Digs: Former New Jersey Party City Will Become One of America’s Largest Doughnut Factories A former Party City space just a stone’s throw … Continue reading →

Posted in Economics, New Development, New Jersey Real Estate, Where's the Beef? | 220 Comments

Uh Oh

Posted on January 21, 2025 by grim

From HousingWire: Home sales are stalled with 7% mortgages New contracts for home purchases are coming in very low this month. We counted 10% fewer home sales for the week than the same week a year ago. In the fourth … Continue reading →

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

Trump fix housing?

Posted on January 18, 2025 by grim

From Yahoo Finance: Trump will inherit a housing market creaking under the strain of high prices and high interest rates President-elect Donald Trump is inheriting a housing market that looks nothing like it did in his first term. Affordability, measured … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate | 116 Comments

NJ Economic Predictions 2025

Posted on January 15, 2025 by grim

From Princeton Perspectives: 2025 New Jersey Economic Outlook Real Estate – In real estate, the housing market could see moderate growth, however, housing affordability will remain a challenge. New Jersey’s municipalities are currently contemplating the impact of having to come … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate, Politics | 123 Comments

Go Long on Greenland?

Posted on January 14, 2025 by grim

Real estate opportunity of a lifetime? From the Hill: 1 poll finds majority of Greenland respondents support joining US A new survey found that a majority of Greenland respondents support joining the United States. According to a poll by Patriot Polling released … Continue reading →

Posted in National Real Estate, New Development | 71 Comments