Author Archives: grim

Ivy calling Kool-Aid again

From the Real Deal: Strong housing demand a mirage, says analyst who called previous crash Everyone seems to be betting the house on a new home these days. Multibillion-dollar private equity firms. Joe Schmo house-flippers. Even savvy tech firms. Everyone … Continue reading

Posted in Demographics, Economics, National Real Estate, New Development | 241 Comments

NJ (closer to) getting SALT tax relief

From CNN: Congress passes $1.2 trillion bipartisan infrastructure bill, delivering major win for Biden Congress has passed a $1.2 trillion bipartisan infrastructure bill, delivering on a major pillar of President Joe Biden’s domestic agenda after months of internal deliberations and painstaking … Continue reading

Posted in Economics, Politics, Property Taxes | 90 Comments

Mansions or Middle Class?

From the Star Ledger: Your N.J. property tax break would be restored under Biden spending bill New Jersey homeowners would be allowed to deduct the full amount of their property taxes for the next five years under a provision expected … Continue reading

Posted in Economics, New Jersey Real Estate, Property Taxes | 245 Comments

So who is our governor?

From the Star Ledger: N.J. election 2021: N.J. governor race still too close to call. Murphy, Ciattarelli waiting for all votes to be counted. The bitter race for New Jersey governor didn’t end on Election Day. In a shocker, the … Continue reading

Posted in General | 193 Comments

Found the inventory!

From Business Insider: Zillow is reportedly looking to sell 7,000 homes as its homebuying unit hits turbulence Zillow’s homebuying unit is having a rough couple of weeks. The $25 billion property giant spent the past couple of years buying up … Continue reading

Posted in Economics, National Real Estate, Price Reduced | 133 Comments

Slow but strong

From NJ Business: NJ Home Sales Cool, Prices Remain Hot for Fall High prices and low inventory have continued to cool sales throughout New Jersey. While New Jersey saw a slight decline in closed sales the past few months, overall … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate | 139 Comments

Nothing to see here

From the MPA: Which housing markets have been most vulnerable to COVID? The housing markets in Illinois, New Jersey and Delaware counties are more vulnerable to the impact of the ongoing coronavirus pandemic than elsewhere in the US, according to … Continue reading

Posted in Demographics, Economics, Foreclosures, National Real Estate | 362 Comments

Hot or Not

From Bloomberg: Housing Market Shows Cracks With Price Cuts in Pandemic Boomtowns No city exemplifies the mania of the Covid-era U.S. housing market better than Boise, Idaho, where prices have surged by more than 30% in the past year. But … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate | 219 Comments

Sell and Rent

From the NYT: The Market for Single-Family Rentals Grows as Homeownership Wanes The lawns are manicured. The swimming pools sparkle in the sun. And the homes, all of them turnkey and smelling of fresh paint, are lined up in tidy … Continue reading

Posted in Economics, National Real Estate | 146 Comments

Welcome Back

From CNBC: This could be the worst market for a first-time homebuyer, experts say Buying a first home is always a huge decision. It’s even bigger when the market has been as hot as it has in the last two … Continue reading

Posted in General | 320 Comments

When to do it?

From MarketWatch: The single best month to buy a home, according to this analysis of 33 million home sales over 8 years Timing isn’t everything, but it doesn’t hurt either. According to a recent analysis of more than 33 million … Continue reading

Posted in General | 103 Comments

Green Shoots

From Insider: China has at least 65 million empty homes — enough to house the population of France. It offers a glimpse into the country’s massive housing-market problem. If you drive an hour or two outside Shanghai or Beijing, you’ll … Continue reading

Posted in General | 134 Comments

Up Up and Awayyyyy

From CNN: Goldman Sachs: Home prices to climb another 16% by the end of 2022 Since the pandemic began, demand among homebuyers has far exceeded the supply of available homes, causing real estate prices to skyrocket.  But as high as prices are, they … Continue reading

Posted in General | 169 Comments

Think south on this gloomy fall day

From the Florida Insider: South Florida’s housing market is freezing out potential buyers who can’t compete with investors In South Florida, home prices continue to surge. The housing market trend has left several homebuyers either unable to find properties or … Continue reading

Posted in General | 207 Comments

All Time High

From the NYT: Manhattan Apartment Sales Surge to Three-Decade High More apartments were sold in Manhattan in the third quarter than at any other time in the last 32 years, in the latest sign that New York City real estate … Continue reading

Posted in General | 221 Comments