Author Archives: grim

Oh well?

Posted on August 21, 2022 by grim

From Bloomberg: US Mortgage Lenders Are Starting to Go Broke The US mortgage industry is seeing its first lenders go out of business after a sudden spike in lending rates, and the wave of failures that’s coming could be the … Continue reading →

Posted in Economics, Housing Bubble, Mortgages, Risky Lending | 33 Comments

Home sales plunge to two year low

Posted on August 19, 2022 by grim

From CNBC: Home sales fell nearly 6% in July as housing market slides into a recession Sales of previously owned homes fell nearly 6% in July compared with June, according to a monthly report from the National Association of Realtors. … Continue reading →

Posted in Economics, Mortgages, National Real Estate | 62 Comments

Pop?

Posted on August 17, 2022 by grim

From Insider: US home prices could sink as much as 15% in a market crash but a moderate downturn is still more likely, Fitch says The odds of a severe housing downturn have risen, and US home prices could sink … Continue reading →

Posted in Economics, Housing Bubble | 177 Comments

Auto default crisis? Or not?

Posted on August 16, 2022 by grim

From Jalopnik: It Sure Feels Like a Car Loan Crisis Is Coming There could be bad news around the corner as more and more car buyers are having difficulty keeping up with auto loan payments. According to a report from Automotive News, … Continue reading →

Posted in Demographics, Economics, Employment | 74 Comments

Reinventing Jersey

Posted on August 15, 2022 by grim

From CoStar: As Former Toys R Us Campus Awaits New Use, New Jersey Embarks on Transforming the American Office Park The future of the former Toys R Us corporate headquarters is still to be determined in New Jersey, a state that’s … Continue reading →

Posted in New Development, New Jersey Real Estate | 31 Comments

Low rates – never again?

Posted on August 13, 2022 by grim

From the Washington Post: The Fed’s Damage to the Housing Market May Last Years With interest rates now hovering around 5%, existing-home sales are down more than 14% from last year. Some potential buyers are sitting on the sidelines until … Continue reading →

Posted in Economics, Housing Bubble, Mortgages, National Real Estate | 54 Comments

Going to battle with NYC

Posted on August 11, 2022 by grim

From NJ Globe: Gottheimer, legislators combat NYC congestion pricing by offering incentives to keep jobs in N.J. Stepping up his fight against New York City’s congestion pricing plan, Rep. Josh Gottheimer (D-Wyckoff) and three Bergen County legislators today announced a … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate, NYC | 160 Comments

Inventory … UP!

Posted on August 10, 2022 by grim

From the NAR: Realtor.com® July Housing Report: Inventory Rises at Record-Breaking Speed The inventory recovery accelerated in July, as active listings increased at record-fast1 annual pace (+30.7%) for the third month in a row, according to the Realtor.com® Monthly Housing Trends Report released … Continue reading →

Posted in Housing Bubble, National Real Estate | 107 Comments

Rebalancing or Crash?

Posted on August 8, 2022 by grim

From MarketWatch: Annual home price growth saw ‘the greatest single-month slowdown’ since at least the early 1970s. Does this mean homebuyers are finally getting a break? Is this the news home buyers have finally been looking for? In June, the … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 140 Comments

Ain’t the same bubble

Posted on August 6, 2022 by grim

From Yahoo Finance/Bloomberg: Almost Half of Mortgaged Homes in US Now Considered Equity-Rich Nearly half of mortgaged properties were considered equity-rich in the second quarter — meaning owners had at least 50% in home equity. This marked the ninth straight … Continue reading →

Posted in Housing Recovery, National Real Estate | 40 Comments

Jobs Day!

Posted on August 5, 2022 by grim

From CNBC: Stock futures are flat with all eyes on the July jobs report Stock futures were little changed Friday as investors waited for the July jobs report, looking for further clues about the Federal Reserve’s path of rate hikes … Continue reading →

Posted in Demographics, Economics, Employment | 74 Comments

Where people “go” to work

Posted on August 3, 2022 by grim

From the NYT: What Remote Work Debate? They’ve Been Back at the Office for a While. The competition for parking space is getting steeper. Commutes are inching longer. Workplace lounges are filling up with commotion as junior associates play cornhole. … Continue reading →

Posted in Demographics, Economics, Employment, National Real Estate | 111 Comments

How to lower your NJ property taxes

Posted on August 2, 2022 by grim

From the Philly Inquirer: Ivana Trump is buried at Donald Trump’s New Jersey golf club. Could that mean a tax break for the former president? Ivana Trump’s death grabbed international headlines, but her New Jersey burial place is now garnering … Continue reading →

Posted in New Jersey Real Estate, Property Taxes | 54 Comments

Housing market slows … kind of

Posted on August 1, 2022 by grim

From CNBC: Home prices cooled at a record pace in June, according to housing data firm Rising mortgage rates and inflation in the wider economy caused housing demand to drop sharply in June, forcing home prices to cool down. Home … Continue reading →

Posted in Economics, Housing Bubble, Housing Recovery, National Real Estate | 52 Comments

NJ: Want your tax break? Get back to the office.

Posted on July 29, 2022 by grim

Disregard the source, was trying to find a non-paywalled version of this article yesterday. From Florida Realtors: N.J. to Companies: Make Workers Return While companies continue to wrestle with the employee question – Should they be allowed to work remotely … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate, Politics | 152 Comments