Author Archives: grim

Real estate broker challenges real estate requirement

Posted on March 28, 2025 by grim

Too good not to share. At this point, why do we even need Brokers? From the Record: North Jersey broker challenges ‘outdated’ real estate brick-and-mortar office requirements Signing paper contracts and filling file cabinets with physical records are likely things … Continue reading →

Posted in National Real Estate | 39 Comments

50 years of affordable housing

Posted on March 25, 2025 by grim

Fromt the APP: NJ built 400K affordable homes since Mount Laurel decision 50 years ago; it’s not enough On the 50th anniversary of New Jersey’s landmark affordable housing court decision, Gov. Phil Murphy on Monday praised the civil rights activists … Continue reading →

Posted in Demographics, Economics, Employment, New Development | 377 Comments

Can’t buy, can’t rent

Posted on March 24, 2025 by grim

From the Record: North Jersey’s rental market is among the hottest in the nation. How it compares to 2024 Despite experiencing an end-of-year lull, North Jersey has reclaimed its spot as one of the nation’s most competitive rental markets at … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, New Jersey Real Estate | 38 Comments

Run Boomer Run

Posted on March 23, 2025 by grim

From Newsweek: Map Shows States Baby Boomers Are Fleeing From Ian Kennedy, a data scientist at JBREC, created a chart identifying where the highest property taxes in the country were in 2023, the latest data made available by the U.S. … Continue reading →

Posted in Crisis, Demographics, Economics, Housing Bubble, National Real Estate, Property Taxes | 25 Comments

Mixed bag for jobs in NJ in Jan

Posted on March 22, 2025 by grim

From NJBIZ: New Jersey posts mixed labor report in January  The New Jersey Department of Labor & Workforce Development is out with the first jobs report of 2025. “New Jersey’s labor market was mixed in January,” said Charles Steindel, former chief economist … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate | 29 Comments

February home sales surprise

Posted on March 21, 2025 by grim

From CNBC: February home resales jump much more than expected, despite higher mortgage rates Sales of previously owned homes in February rose 4.2% from January to 4.26 million units on a seasonally adjusted, annualized basis, according to the National Association … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 105 Comments

Lower expectations for 2025 home price growth

Posted on March 20, 2025 by grim

From FastCompany: Housing market map: Zillow once again downgrades its 2025 home price forecast On Tuesday, Zillow economists published their updated forecast model, projecting that U.S. home prices, as measured by the Zillow Home Value Index, will rise 0.8% between … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 105 Comments

Home prices rise, at a slower pace

Posted on March 19, 2025 by grim

From Redfin: U.S. Home Prices Grew 0.4% in February, the Slowest Pace Since July U.S. home prices grew 0.4% from a month earlier in February on a seasonally adjusted basis, equal to the slowest pace since July 2024. Home prices … Continue reading →

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

Tariffs to push up cost of housing

Posted on March 18, 2025 by grim

From CBS News: Trump tariffs could add more than $9,000 to cost of a new home, builders say resident Trump’s tariff policies could make building or renovating a home in the U.S. more expensive, according to builders.  The rising costs … Continue reading →

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

Florida Fades

Posted on March 17, 2025 by grim

From Yahoo Finance: Not just condos: Florida’s housing market is softening, especially along the southwest coast Florida’s pandemic-era housing boom is finally starting to fade. For-sale inventory in the state has reached the highest levels on record, and homes are … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 43 Comments

Jersey Feeling Flush

Posted on March 15, 2025 by grim

From Calculated Risk: CoreLogic: 1.1 million Homeowners with Negative Equity in Q4 2024 CoreLogic® … today released the Homeowner Equity Report (HER) for the fourth quarter of 2024. Nationwide, borrower equity increased by $281.9 billion, or 1.7% year-over-year. The report shows that … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate, New Jersey Real Estate | 31 Comments

NJ adds jobs in January

Posted on March 14, 2025 by grim

From NJBIA: NJ January Jobless Rate Stays Flat at 4.6%  New Jersey private-sector employers added 5,900 jobs during January, but significant losses in the public sector were primarily responsible for an overall drop in total employment to 4,387,700, according to … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 92 Comments

Can’t afford to buy, can’t afford to rent

Posted on March 13, 2025 by grim

From the NY Post: Here’s where rents are rising the fastest in the New York area New Yorkers may feel like the rent hikes never end, but it turns out that Newark, New Jersey residents are at the biggest disadvantage.  … Continue reading →

Posted in Economics, Housing Bubble, New Jersey Real Estate, NYC | 105 Comments

NJ just got a little more office space

Posted on March 12, 2025 by grim

From NJBIZ: DOGE cancels NJ leases totaling $2.76M in annual rents  As DOGE continues efforts to purportedly search for savings within the federal government, a number of commercial leases – including in New Jersey – are on the chopping block. Nationwide, … Continue reading →

Posted in New Development, New Jersey Real Estate, Politics | 60 Comments

Taxes don’t make things better?

Posted on March 11, 2025 by grim

From NJ Business Magazine: 80% of CPAs Concerned NJ Budget Will Leave Economy Worse Eighty percent of the 350 certified public accountants (CPAs) surveyed by the New Jersey Society of Certified Public Accountants (NJCPA) after Gov. Phil Murphy proposed his $58.1 … Continue reading →

Posted in Economics, New Jersey Real Estate, Politics, Property Taxes | 65 Comments