Author Archives: grim

Sorry about your savings

Posted on February 11, 2022 by grim

From CNN: America’s annual price increase was worse than economists had forecast A key measure of inflation climbed to a near-40-year high last month. Economists are hopeful that America will reach the peak of the pandemic-era price increases in the early months … Continue reading →

Posted in Economics | 251 Comments

Experts offer milquetoast predictions, nothing you didn’t already know.

Posted on February 10, 2022 by grim

This is all you’ve got? Talk about bold predictions. From MarketWatch: ‘Home price growth may return to normalcy.’ 5 economists and real estate pros predict what will happen in the housing market in 2022 Prediction 1: Mortgage rates will rise … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 143 Comments

Who? Why?

Posted on February 8, 2022 by grim

From the LA Times: Joe Pesci sells extremely 1980s New Jersey mansion for $5 million  On the coast of New Jersey, an Art Deco-style mansion that screams Joe Pesci has been sold by the man himself for $5 million. The … Continue reading →

Posted in General | 115 Comments

Really Zillow?

Posted on February 7, 2022 by grim

From Fortune: Zillow: Our 2022 housing forecast is way off—home prices now set to spike 16% Homebuyers got crushed last year as home prices soared at their highest clip on record. Housing economists saw that price growth—which peaked at a year-over-year rate … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 46 Comments

Lawwwnguyland

Posted on February 5, 2022 by grim

From Newsday: Long Island home prices surged 60% since 2012 Long Island homebuyers today have to spend more, move faster and choose from a vastly smaller roster of listings than a decade ago, according to a new report from real … Continue reading →

Posted in Economics, National Real Estate, NYC | 81 Comments

So how will we spend it?

Posted on February 3, 2022 by grim

From the Record: New Jersey in line for $641 million from opioids settlement, a lifeline for treatment New Jersey is on track to receive more than $641 million as part of a nationwide opioid settlement agreement with Johnson & Johnson and … Continue reading →

Posted in Politics | 280 Comments

No return to “normal”

Posted on February 2, 2022 by grim

From A Wealth of Common Sense: Why It Could Be Years Until We See a Normal Housing Market The people buying homes today have excellent credit scores. This wasn’t the case in the subprime boom of the early-to-mid aughts when … Continue reading →

Posted in Demographics, Economics, Employment, Housing Recovery, National Real Estate | 120 Comments

Welcome to post-covid

Posted on February 1, 2022 by grim

From NJ1015: Many NJ residents believe it’s time to move on from COVID Even as the omicron surge continues to drop, a new poll finds Garden State residents are still concerned about COVID but only to a certain point. Patrick … Continue reading →

Posted in General | 122 Comments

We’ve got all the risk

Posted on January 31, 2022 by grim

From NJ1015: More than 1 in 5 high-risk U.S. housing markets are NJ counties A 2021 fourth-quarter report released by ATTOM Data Solutions shows that one-fifth of the nation’s counties most at risk for damage to their housing markets due to COVID-19’s … Continue reading →

Posted in Demographics, Economics, Housing Bubble, Politics | 127 Comments

Where now?

Posted on January 29, 2022 by grim

From Forbes: Home price growth decelerates again—forecast models say the peak rate is behind us Where do we go from here? Every leading real estate forecast modelreviewed by Fortune predicts this home price growth deceleration—which started in September—will continue in 2022. The most … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 128 Comments

18.8% isn’t really “slowing” – just sayin’

Posted on January 26, 2022 by grim

From the WSJ: U.S. Home-Price Growth Slowed in November U.S. home-price growth decelerated in November as months of fast-rising prices pushed some buyers out of the market. The S&P CoreLogic Case-Shiller National Home Price Index, which measures average home prices … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 350 Comments

NJ Unemployment Falls to 6.3%

Posted on January 25, 2022 by grim

From ROINJ: New Jersey adds jobs for 12th straight month; unemployment rate falls to 6.3% New Jersey Department of Labor & Workforce Development figures for December show the state added 10,100 jobs, according to preliminary estimates by the U.S. Bureau of Labor … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 112 Comments

Just keeps going

Posted on January 24, 2022 by grim

From Bloomberg: A Typical U.S. Home Is Now Valued at $320,662 — 20% More Than a Year Ago Mortgage rates are creeping higher, yet the U.S. real estate market is still breaking records.  Home values on average jumped almost 20% … Continue reading →

Posted in Demographics, Economics, National Real Estate | 109 Comments

Fun – dah – mentals

Posted on January 22, 2022 by grim

From the NYT: Something Has to Give in the Housing Market. Or Does It? Two years into the pandemic, rundown bungalows command bidding wars, buyers keep snatching up places they’ve never seen, and homebuilders can’t find enough cabinet doors for everyone who … Continue reading →

Posted in Demographics, Economics, Employment, National Real Estate | 59 Comments

Shovels Ready

Posted on January 21, 2022 by grim

From the Star Ledger: Feds clear the way for Gateway Tunnel project to get billions in funding The final hurdle needed to qualify for federal funding to start building the $12.3 billion Gateway rail Tunnel was cleared Thursday when the Federal … Continue reading →

Posted in New Development, New Jersey Real Estate, NYC | 104 Comments