Author Archives: grim

Greedy boomers living too long

Posted on November 19, 2024 by grim

From Fortune: The ‘Oracle of Wall Street’ says home prices need to fall 20% to end the ‘generational schism’ Baby boomers own more homes than millennials and Gen Zers, creating a “generational schism” in the world of housing, according to … Continue reading →

Posted in Crisis, Demographics, Economics, Housing Bubble, Humor, National Real Estate | 170 Comments

Home Insurance Spiking Across US

Posted on November 17, 2024 by grim

From Fast Company: The housing market’s home insurance shock, as told by an interactive map Over the past few years, many housing markets have experienced a home insurance shock. Part of this is due to insurance models reassessing disaster risks, while … Continue reading →

Posted in National Real Estate | 68 Comments

Basement Voters Swing Election?

Posted on November 15, 2024 by grim

From Fortune: Top real-estate CEO suggests some young people might have voted for Trump because they’re sick of living in their parents’ basements “The young voters who, after years living in their parents’ basement, swung right in this election, will … Continue reading →

Posted in Crisis, Demographics, Economics, National Real Estate | 91 Comments

Florida falls first?

Posted on November 13, 2024 by grim

From the NY Post: Florida’s crumbling home prices haven’t been this bad since 2011 Florida’s sun-soaked southwestern coast, known for its wealthy enclaves and retirement appeal, is grappling with the steepest home price drops in more than a decade.  From Sarasota’s luxury … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 139 Comments

Seller and Buyer Profiles

Posted on November 12, 2024 by grim

From the NAR: Profile of Home Buyers and Sellers 2024 First-time home buyers in the last year shrunk to an historic low of just 24 percent of all buyers. Prior to 2008, the share of first-time buyers had a historical … Continue reading →

Posted in Demographics, Economics, Employment, National Real Estate | 55 Comments

No Crash?

Posted on November 11, 2024 by grim

From Bankrate: Is the housing market going to crash? What the experts are saying The U.S. housing market had finally started slowing in late 2022, and home prices seemed poised for a correction. But a strange thing happened on the … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 63 Comments

Inventory Up, Prices Up

Posted on November 8, 2024 by grim

From NorthJersey.com: North Jersey real estate saw more new home listings, but higher prices, in October New Jersey’s real estate market saw more new home listings and properties staying on the market longer in October, but also increasing home prices. … Continue reading →

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

Fed Cuts!

Posted on November 7, 2024 by grim

From CNBC: Federal Reserve cuts interest rates by a quarter point The Federal Reserve approved its second consecutive interest rate cut Thursday, moving at a less aggressive pace than before but continuing its efforts to rightsize monetary policy. In a … Continue reading →

Posted in Economics, Housing Bubble, Mortgages, National Real Estate | 17 Comments

Who is better for housing?

Posted on November 5, 2024 by grim

From Mansion Global: Housing Was a Factor for About 40% of Early Voters in the U.S. Presidential Election For U.S. adults who voted in the presidential election by Nov. 1, about two in five said the housing market was a … Continue reading →

Posted in National Real Estate, Politics | 167 Comments

Make me move

Posted on November 4, 2024 by grim

From CNET: Most Homebuyers Won’t Budge Until Mortgage Rates Drop to 4%, CNET Survey Finds A recent CNET survey found that half of US adults say lower mortgage rates would make them realistically consider purchasing a house. If average mortgage rates were … Continue reading →

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

NJ home prices up 552% in 40 years

Posted on November 2, 2024 by grim

From Axios: Washington home prices rose more than 800% in 40 years

Posted in Demographics, Economics, Employment, National Real Estate | 48 Comments

Wait and see

Posted on November 1, 2024 by grim

From NorthJersey.com: Do presidential elections affect the housing market? Here’s what experts had to say The time surrounding a presidential election is often said to see a slowdown in real estate activity in some markets. Though not by a significant … Continue reading →

Posted in Housing Bubble, National Real Estate, Politics | 89 Comments

Availability improving?

Posted on October 31, 2024 by grim

From the NAR: October 2024 Monthly Housing Market Trends Report

Posted in Demographics, Economics, National Real Estate | 78 Comments

Beetlejuice in NJ

Posted on October 30, 2024 by grim

From NorthJersey.com: How to book an Airbnb tour of this ghostly ‘Beetlejuice’ house in New Jersey He’s the ghost with the most, babe, and now the site of his ghostly hauntings is open for the public to tour — if … Continue reading →

Posted in Humor, New Development, New Jersey Real Estate | 41 Comments

$700k to live in Staten Island

Posted on October 29, 2024 by grim

From SI Live: Median price of a Staten Island home hits $700,000, report says Staten Island home prices are continuing to rise, according to the latest report from the Staten Island Board of Realtors (SIBOR) — and the median sales price of … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate, NYC | 33 Comments