Author Archives: grim

Back to Work

Posted on September 19, 2022 by grim

From CNBC: New York City is getting closer to the tipping point in return to office work Jamie Dimon may have been off by a year, but New York City’s offices are finally starting to fill up. In May 2021, … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate, NYC | 102 Comments

Good time to buy?

Posted on September 18, 2022 by grim

From Fox Business: Redfin predicts sharpest turn in housing market since 2008 crash If you’re looking to buy a home soon, you’re in luck. After two years of record high sales, data shows the housing market is starting to cool down, but … Continue reading →

Posted in Economics, Housing Bubble, Mortgages, National Real Estate | 42 Comments

Recovery

Posted on September 16, 2022 by grim

From NJ1015: Jobs in NJ erase pandemic losses — but here’s how economy changed Employment in New Jersey has finally fully recovered from the losses suffered during the economic shutdowns imposed in the first months of the pandemic, according to … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate | 124 Comments

6%

Posted on September 15, 2022 by grim

From Reuters: U.S. mortgage interest rates top 6% for first time since 2008 The average interest rate on the most popular U.S. home loan rose above 6% for the first time since 2008 and is now more than double the … Continue reading →

Posted in Economics, Housing Bubble, Mortgages | 128 Comments

Hang on to your mortgage

Posted on September 14, 2022 by grim

From CNBC: Inflation rose 0.1% in August even with sharp drop in gas prices Inflation rose more than expected in August as rising shelter and food costs offset a drop in gas prices, the Bureau of Labor Statistics reported Tuesday. … Continue reading →

Posted in Economics, Mortgages, National Real Estate | 56 Comments

Upgrade your house … on Joe

Posted on September 11, 2022 by grim

From CBS News: Biden’s inflation law offers up to $14,000 for home upgrades. Here’s how to qualify. President Biden’s Inflation Reduction Act takes on climate change by helping Americansreduce their carbon footprint. A key element in that push is offering up … Continue reading →

Posted in Economics, National Real Estate, Where's the Beef? | 206 Comments

The power of positive thinking

Posted on September 9, 2022 by grim

From Bloomberg: US Consumers See Home Prices Falling for First Time Since 2020 For the first time in two years, US consumers expect home prices to fall over the next 12 months. An August survey by Fannie Mae found that respondents see … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 107 Comments

Ain’t gunna happen?

Posted on September 8, 2022 by grim

From the Washington Post: It’s a Housing Slump, Not a Crisis I’m in the process of building a house, so I recently met with the head of a real estate brokerage to discuss selling my current home in about a … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble | 61 Comments

Will services save us from recession?

Posted on September 7, 2022 by grim

From Quartz: The service economy is keeping the US from slipping into a recession As US manufacturing activity slows down, spending on services is keeping the American economy afloat, recent data suggests.  Growth in the services sector accelerated in August … Continue reading →

Posted in Economics, Employment, Housing Bubble, National Real Estate | 68 Comments

Who pops first?

Posted on September 6, 2022 by grim

From MarketWatch: ‘An increasing squeeze on list prices.’ 3 top economists and real estate pros on the housing markets where home prices will drop the most this year Buyers in some markets are already getting — or may soon get … Continue reading →

Posted in Demographics, Economics, Employment, National Real Estate | 128 Comments

Feelin’ hot hot hot

Posted on September 2, 2022 by grim

From CNBC: Afternoon – any initial thoughts about if you need to rearrange resource alignment to accommodate for any changes in the portfolio structure? Job growth in August likely slowed from July’s frenzied pace, but it is still expected to … Continue reading →

Posted in Demographics, Economics, Employment, National Real Estate | 163 Comments

This always ends well

Posted on August 30, 2022 by grim

From the FT: Big US mortgage lenders turn screws on smaller rivals as rates rise The two largest US mortgage lenders are turning up the heat on their smaller competitors, offering discounts and other incentives to win market share as … Continue reading →

Posted in Housing Bubble, Mortgages, Risky Lending | 196 Comments

Moody Housing Markets

Posted on August 29, 2022 by grim

From Fortune: 183 housing markets could soon see home prices fall by 20%.

Posted in Housing Bubble, National Real Estate | 55 Comments

Clot was right

Posted on August 26, 2022 by grim

From the Star Ledger: You will soon be able to live at this N.J. mall The owners of Westfield Garden State Plaza are poised to make every shopaholic’s dream come true — you can literally live at the mall. A … Continue reading →

Posted in General | 114 Comments

How low will it go?

Posted on August 23, 2022 by grim

From MarketWatch: U.S. house values fell for the first time since 2012, Zillow says. Sellers and buyers are facing a very different housing market to 2020 The housing market isn’t crashing, but it’s definitely feeling the burn. After two frenzied … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 231 Comments