Author Archives: grim

Quits skyrocket

Posted on November 13, 2021 by grim

From CNN: A record number of Americans quit their jobs in September A record 4.4 million Americans quit their jobs in September as the sheer volume of available jobs is empowering workers to have their pick. Workers are quitting in search for … Continue reading →

Posted in Economics, Employment, National Real Estate | 78 Comments

NJ #3 in post-pandemic foreclosures

Posted on November 10, 2021 by grim

From the Philly Inquirer: Foreclosure starts tick up in Pennsylvania, N.J., and nationwide Three months after the end of a federal foreclosure moratorium intended to keep people in their homes during the pandemic, foreclosure activity continues to increase across the … Continue reading →

Posted in Economics, Foreclosures, New Jersey Real Estate | 362 Comments

Ivy calling Kool-Aid again

Posted on November 8, 2021 by grim

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

Posted on November 6, 2021 by grim

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?

Posted on November 4, 2021 by grim

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?

Posted on November 3, 2021 by grim

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!

Posted on November 2, 2021 by grim

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

Posted on October 30, 2021 by grim

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

Posted on October 27, 2021 by grim

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

Posted on October 25, 2021 by grim

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

Posted on October 22, 2021 by grim

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

Posted on October 19, 2021 by grim

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?

Posted on October 16, 2021 by grim

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

Posted on October 15, 2021 by grim

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

Posted on October 13, 2021 by grim

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