Author Archives: grim

Tick tick tick

Posted on May 3, 2025 by grim

From Newsweek: Phoenix Housing Market Faces ‘Mass Sell-off’ as Home Values Plunge After the dust settled on the pandemic buying frenzy, which massively inflated home prices in the city, property values in Phoenix are collapsing. Real estate analyst Nick Gerli, … Continue reading →

Posted in Housing Bubble, National Real Estate | 60 Comments

March Pending Sales Down YOY

Posted on May 2, 2025 by grim

From HousingWire: Pending home sales post strong gain in March but lag behind 2024 pace Recent data hasn’t provided much optimism about the direction of the housing market, but one report suggests better conditions are on the way. The March reading … Continue reading →

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

What NJ makes, the world takes

Posted on April 30, 2025 by grim

(or is this the prelude to a catastrophic collapse) From ROI-NJ: Report: N.J. led nation in total sales volume for industrial space in 1Q New Jersey topped the nation in total sales volume for industrial space during the first quarter … Continue reading →

Posted in Economics, Employment, New Development, New Jersey Real Estate | 242 Comments

Looking Gloomy

Posted on April 29, 2025 by grim

From the Dallas Fed: Growth continues in Texas manufacturing sector, but outlooks worsen Texas factory activity continued to rise in April, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state … Continue reading →

Posted in Demographics, Economics, Employment, National Real Estate | 136 Comments

Hudson Yards Casino Moving Forward

Posted on April 28, 2025 by grim

Uh Oh AC? From AMNY: Hudson Yards West project with proposed casino moves closer to approval; will plans help give MTA a financial boost? The bidding war for a NYC metro area casino license is heating up as the Hudson Yards … Continue reading →

Posted in New Development, NYC, South Jersey Real Estate | 129 Comments

Dear Mom & Dad…

Posted on April 27, 2025 by grim

From Business Insider: 5 years ago, only 85 US cities had starter homes that cost at least $1 million. Now there are 233. The typical price of a starter home was $1 million or higher in 233 US cities last month, a … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate, New Jersey Real Estate | 41 Comments

Tippy Top?

Posted on April 25, 2025 by grim

From CNBC: March home sales drop to their slowest pace since 2009 Higher mortgage rates and concern over the broader economy are making for a weak start to the all-important spring housing market. Sales of previously owned homes in March … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 189 Comments

Is it really collusion if the data is public?

Posted on April 24, 2025 by grim

From Reuters: New Jersey sues RealPage, says collusion with landlords drives up rents New Jersey sued the property management software company RealPage, accusing it and 10 of the state’s largest landlords of conspiring to drive up residential rents, violating federal … Continue reading →

Posted in Crisis, Housing Bubble, New Jersey Real Estate, Politics | 153 Comments

Doh!

Posted on April 23, 2025 by grim

From the prestigious journal of economics and social commentary … Cracked: No Middle-Class Family Can Live Like ‘The Simpsons’ Anymore, Census Shows Over the past 36 seasons, The Simpsons has given us episodes about elaborate monorail scams, gun-toting babies and aliens from … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate | 87 Comments

$500k doesn’t get you paradise

Posted on April 22, 2025 by grim

From NJ1015: The price of paradise: New Jersey’s staggering housing market If you’ve been house-hunting lately in New Jersey, you probably didn’t need a national ranking to tell you it’s expensive. But just in case you were wondering, yep, we officially … Continue reading →

Posted in Demographics, Economics, Housing Bubble, New Jersey Real Estate, Where's the Beef? | 80 Comments

NJ Loses Jobs in March

Posted on April 21, 2025 by grim

From NJBIA: NJ Hiring Slows in March as Jobless Rate Ticks Up to 4.7%  New Jersey had a net loss of 2,700 jobs during the month of March and the state’s unemployment rate increased slightly to 4.7%, according to preliminary … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 95 Comments

Uh Oh…

Posted on April 20, 2025 by grim

From Zillow: Zillow Home Value and Home Sales Forecast (April 2025) Zillow’s latest forecast indicates a decline in home values coupled with an increase in existing home sales for 2025. While mortgage rates are in an especially unpredictable period, barring … Continue reading →

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

Of course NJ knows how to negotiate

Posted on April 18, 2025 by grim

From ESPN (I have no idea, but I’ll take it): New Jersey Homebuyers Rank Among America’s Top Negotiators New Home prices have been on the rise across the United States. In New Jersey, there has been a 12.5% increase in … Continue reading →

Posted in Economics, New Jersey Real Estate, Where's the Beef? | 129 Comments

Monmouth foreclosures up (but the number is tiny)

Posted on April 17, 2025 by grim

From NJ1015: This county had the sharpest increase in foreclosures in NJ If you’ve been following the housing market in New Jersey, you already know it’s been a bit of a rollercoaster. Between rising interest rates, high home prices, and … Continue reading →

Posted in Economics, Foreclosures, New Jersey Real Estate, Risky Lending, Shore Real Estate | 49 Comments

NJ economy softening?

Posted on April 15, 2025 by grim

From nj.com: Layoffs in N.J. double. More than 3,600 jobs are gone this year.  New Jersey saw twice as many layoffs in the first quarter of 2025 than it did last year, even before tariff fears, according to federal labor statistics. There … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 135 Comments