Author Archives: grim

For posterity’s sake

From Axios: Trillion-dollar platinum coin could be minted at the last minute A trillion-dollar platinum coin could be minted “within hours of the Treasury Secretary’s decision to do so,” Philip Diehl, former director of the United States Mint, tells Axios. … Continue reading

Posted in General | 164 Comments

Weekend Open Discussion

No Pumpkins, not Halloween.

Posted in General | 106 Comments

Up Up and Away

From the FT: US home price gains hit new record for fourth straight month The increase in US home prices continued to accelerate in July, setting an annual record for the fourth straight month as strong demand and a dearth … Continue reading

Posted in General | 397 Comments

Welcome to Fall

Or is it THE fall? From the NY Times: Is the Seller’s Market Over? If the pandemic has been good to anybody, it’s been homeowners listing their properties, as pent-up demand for homes has sent prices skyrocketing. But could this … Continue reading

Posted in General | 309 Comments

The … Sack?

What the serious f? From NJ Monthly: Hackensack is Back on the Real-Estate Radar for Renters and Buyers Forgive Hackensack for feeling overlooked. Torched by the British during the Revolution, the Bergen County seat never flexed the industrial muscle of … Continue reading

Posted in General | 46 Comments

August home sales dip

From the WSJ: Hot U.S. Housing Market Cooled Some in August The turbocharged housing market slowed in August as near record asking prices are giving buyers pause, easing some of the frenzy that gripped the market only a few months ago. … Continue reading

Posted in Economics, National Real Estate | 167 Comments

Silk City is Hot

From the Record: Gentrification or growth? Why Paterson is hot for real estate buyers and investors Zaib Atyat purchased his first home in Paterson 20 years ago for $250,000. The three-family unit on the city’s south side offered a steady source … Continue reading

Posted in New Development, New Jersey Real Estate | 125 Comments

Sales down, prices up..

From Redfin: Home Sales Fell 6% in August, the First Annual Decline in 15 Months However, home prices were up 16%, and new listings posted their first year-over-year decline since February, which could signal a tightening market. The median price … Continue reading

Posted in Economics, Housing Bubble, National Real Estate | 136 Comments

Never bet against NYC

From Bloomberg: New York City Has Once Again Defied the Doomsayers. Here’s Why. New York City is emerging as one of the world’s most resilient big cities in the wake of the pandemic. The secret to its success is more … Continue reading

Posted in General | 216 Comments

Impact or not?

From the Philly Voice: U.S. housing market faces ‘shock’ from end of mortgage forbearance — but no bubble, experts say Pandemic policies have undoubtedly shaped the way the U.S. housing market has functioned throughout the health crisis, which has had … Continue reading

Posted in Economics, Mortgages, Politics, Risky Lending | 112 Comments

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

20

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