Author Archives: grim

Boom or bubble

From CNBC: Here’s why experts believe the U.S. is in a housing boom and not a bubble The U.S. housing market has been an unlikely beneficiary from the Covid-19 pandemic. During the pandemic, home prices have climbed at a record … Continue reading

Posted in Housing Bubble, National Real Estate, New Development | 381 Comments

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From Thomas Franklin at the Bergen Record:

Posted in General | 82 Comments

Clear to close? Think again.

From Inman: Ida flooding could jeopardize 47,000 home sales in NY and NJ Devastating flash floods in New York and New Jersey in the aftermath of Hurricane Ida could delay or derail as many as 47,000 pending real estate transactions … Continue reading

Posted in Mortgages, New Jersey Real Estate, Risky Lending | 196 Comments

Maybe some gentrification isn’t so bad?

Interesting piece from VOX: What we talk about when we talk about gentrification In his 2019 paper “Hoboken Is Burning: Yuppies, Arson, and Displacement in the Postindustrial City,” Princeton historian Dylan Gottlieb documented the violent displacement Puerto Rican residents faced … Continue reading

Posted in Demographics, Economics, National Real Estate, New Development | 197 Comments

Nothing in between

From NPR: The Housing Shortage Is Significant. It’s Acute For Small, Entry-Level Homes America’s roaring real estate boom is leaving millions of would-be homebuyers out in the cold. The problem is most severe in that corner of the market that … Continue reading

Posted in Economics, National Real Estate, New Development | 60 Comments

Bubflation?

From CNBC: Soaring home prices shattered another record in June, S&P Case-Shiller says Home prices rose 18.6% annually in June, up from the 16.8% increase in May, according to the S&P CoreLogic Case-Shiller national home price index. That is the … Continue reading

Posted in Housing Bubble, National Real Estate | 265 Comments

Pending home sales dip

From MarketWatch: Pending home sales slide for second month in a row — even though economists predicted an increase Fewer Americans signed on the dotted line in July to purchase a home — but it’s likely too early to say … Continue reading

Posted in Economics, National Real Estate | 54 Comments

Lowball! is Back!

From the NY Post: Here’s why a bonkers $39M NJ mansion just sold for a measly $4.6M You thought those friends who snagged a Catskills farmhouse just before all hell broke loose in March 2020 were getting a deal? Well, … Continue reading

Posted in Lowball | 46 Comments

Great time to be a landlord in NJ

From the Record: Tangled relationship: Renters stop paying amid pandemic, forcing small landlords into bind Elena Walczyk had a buyer lined up to purchase the mobile home in Cape May County that she and her husband had rented out for years. But … Continue reading

Posted in New Jersey Real Estate, Politics, Property Taxes | 147 Comments

What now for NJ unemployed?

From the Star Ledger: Murphy won’t say if N.J. will extend pandemic unemployment benefits, affecting 500K residents With approximately 500,000 New Jerseyans set to lose pandemic unemployment benefits after the first week of September, Gov. Phil Murphy won’t say if … Continue reading

Posted in Economics, Employment, New Jersey Real Estate | 216 Comments

Cool? Or prelude to Crash?

From CNN: The US housing market is starting to cool off — a bit The housing market is showing signs of cooling off.Sales of existing homes — which include single-family homes, townhomes, condominiums and co-ops — were up 2% in July from the … Continue reading

Posted in Housing Bubble, National Real Estate | 47 Comments

Not nearly enough progress

Updated Vaccination by Age Range for NJ:7/29 vs 8/21 At Least 1 DoseTotal Pop: 9.2mTotal 1st Doses: 6.0m – 65% of total pop (Up from 62%) – Bloomberg reporting 68.6% 12-15 – 450k population – 180k dosed – 40% 1 … Continue reading

Posted in General | 199 Comments

Everything wrong with NJ, summed up.

From Jersey Digs: Orange City Council Ignores all Budget Cut Suggestions, Voting to Raise Property Taxes The Citizens Budget Advisory Committee (CBAC), a nine-member board comprised of local business professionals, opposed the 6.35 percent increase in the municipal budget, proposing … Continue reading

Posted in New Jersey Real Estate, Politics, Property Taxes | 447 Comments

Hey Clot!

Fron the NY Post: ‘Jersey Shore’ star Nicole ‘Snooki’ Polizzi sells $740K N.J. beach house Nicole “Snooki” Polizzi doubled her investment on a New Jersey beach house, property records show. The former “Jersey Shore” star and her husband, Jionni LaValle, … Continue reading

Posted in General | 297 Comments

The school vax window is closing

From the Daily Record: NJ officials to parents: Get your teens a first COVID shot this week in time for school With most schools about four weeks away from opening, New Jersey officials are urging parents to get their adolescents a first … Continue reading

Posted in General | 245 Comments