Author Archives: grim

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

Posted on October 27, 2024 by grim

From the NY Post: Homes for sale in short supply as there’s now 30 renters for every house on the market in US The number of homes for sale for each renter household in the U.S. remains near record lows, … Continue reading →

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

Want cheaper houses? Build more of them.

Posted on October 25, 2024 by grim

From Yahoo Finance: Homebuyers still price sensitive as mortgage rates climb: Economist Mortgage rates rose for their fourth straight week, the 30-year fixed rate mortgage now sitting at 6.54%. Existing home sales also fell to a 14-year low, the National Association of … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate, New Development | 66 Comments

What buyers?

Posted on October 24, 2024 by grim

From Reuters: US existing home sales slide to 14-year low; prices stay elevated U.S. existing home sales dropped to a 14-year low in September, weighed down by higher mortgage rates and house prices. The second straight monthly decline in home … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 49 Comments

150,000 new housing units coming

Posted on October 23, 2024 by grim

From JD Supra: New Jersey Releases Fourth Round Affordable Housing Calculations; Identifies Present and Future Need for 150,000 New Units Throughout State The Department of Community Affairs (DCA) has released its “fourth round” affordable housing calculations for the coming decade, … Continue reading →

Posted in Crisis, Demographics, New Development, New Jersey Real Estate | 55 Comments

Bring on the units

Posted on October 22, 2024 by grim

From Gothamist: After years of delay, former Toys ‘R’ Us headquarters in NJ will be turned into housing Seven years after Toys “R” Us declared bankruptcy, a deal to put a substantial amount of housing on the site of the … Continue reading →

Posted in Demographics, Economics, Housing Bubble, New Development, New Jersey Real Estate | 30 Comments

Just how many jobs do you need?

Posted on October 20, 2024 by grim

Great chart from Visual Capitalist: Mapped: Home Price-to-Income Ratio of Large U.S. Cities

Posted in Demographics, Economics, Employment, National Real Estate | 69 Comments

NJ ponzi scheme lawyer steals $1m

Posted on October 18, 2024 by grim

From NJ.com: Disbarred N.J. lawyer admits stealing more than $1M from clients A former New Jersey real estate attorney admitted on Tuesday to stealing $1.18 million from clients, the Monmouth County Prosecutor’s Office announced. Steven Salami, 49, of Hazlet, pleaded … Continue reading →

Posted in New Jersey Real Estate | 99 Comments

The Lock In – Illustrated

Posted on October 17, 2024 by grim

From Axios: Low home turnover rate, charted Only a small sliver of U.S. homes changed hands through August this year, according to Redfin. Why it matters: This is one more stunning stat that shows just how stagnant the real estate market has been. … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 78 Comments

Step it up NJ, don’t be cheap

Posted on October 16, 2024 by grim

From the Record: These six NJ towns were named among nation’s 100 most expensive ZIP codes for homebuying Some know New Jersey for its vast amount of greenery, scenic seasonal destinations and thriving arts scene. But others, especially those who … Continue reading →

Posted in New Jersey Real Estate, Where's the Beef? | 103 Comments