Author Archives: grim

That’s all you got?

Posted on August 9, 2024 by grim

From Jersey Digs: Just Sold Alpine Mansion Sets New Jersey’s 2024 Price Record A leafy suburb that regularly ranks as one of the most expensive zip codes in the country is unsurprisingly home to the year’s priciest home sale in … Continue reading →

Posted in New Jersey Real Estate, Where's the Beef? | 147 Comments

New rules, nothing really changes

Posted on August 8, 2024 by grim

From NJ1015: NJ changes home-buying rules: what this means for you Some big changes to the process of buying or selling a home in New Jersey are now in effect. The aim of the new rules, created through legislation that … Continue reading →

Posted in New Jersey Real Estate, Politics | 82 Comments

NJ #2 in price increases

Posted on August 7, 2024 by grim

From CoreLogic: Home-price growth starting to cool: CoreLogic Home prices continue to rise even as low inventory and high mortgage rates are keeping first-time and repeat homebuyers out of the market, but the pace of appreciation is starting to cool. That’s according to CoreLogic’s … Continue reading →

Posted in Demographics, Economics, Housing Bubble, New Jersey Real Estate | 109 Comments

Housing the next big issue?

Posted on August 6, 2024 by grim

From Politico: Priced out of housing, many younger disillusioned voters embrace populism From California to Krakow, young voters who are losing faith in democracy have been spurred in part by a surprising cause: high rents and rising property prices. The … Continue reading →

Posted in Crisis, Demographics, Economics, Housing Bubble, National Real Estate | 65 Comments

That was quick…

Posted on August 5, 2024 by grim

From CNBC: Treasury yields tumble as recession concerns take hold  U.S. Treasurys slid on Monday as fears about a recession grew after a series of key economic data was released last week. At 4:10 a.m. ET, the yield on the 10-year … Continue reading →

Posted in Economics, Employment, Housing Bubble, National Real Estate | 85 Comments

$775k in Garfield

Posted on August 2, 2024 by grim

From NJ.com: This multi-family N.J. home had 35 offers and sold for $126K over asking Home prices are getting out of reach, making multi-family homes a hot commodity. So when a two family home in Garfiled hit the market, it … Continue reading →

Posted in Housing Bubble, New Jersey Real Estate | 193 Comments

NY Metro tops the S&P Case Shiller in May

Posted on July 31, 2024 by grim

From the NY Post: Home prices reach record high as affordability crisis worsens Home prices reached a new record in May amid an ongoing housing shortage, even as high mortgage rates continued to push affordability out of reach for millions of Americans. Prices … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 85 Comments

The million dollar starter home

Posted on July 30, 2024 by grim

From National Mortgage Professional: Starter Home Prices Topple $1M In More U.S. Cities The barriers towards homeownership continue to mount for more first-time homebuyers, with Zillow reporting that the number of million-dollar starter homes has tripled since 2019. In more than 200 … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble | 52 Comments

Buyers walking?

Posted on July 29, 2024 by grim

From Newsweek: Florida Housing Market Faces ‘Nightmare Scenarios’ as Deals Collapse Florida homebuyers are backed out of deals to purchase properties at a record rate, according to a new report from real estate brokerage Redfin, as prices continue rising and mortgage … Continue reading →

Posted in Housing Bubble, National Real Estate, Where's the Beef? | 70 Comments

Jersey New Listings Fall

Posted on July 26, 2024 by grim

From NJ.com: N.J. real estate listings down slightly. See full list. The number of newly listed homes in New Jersey dropped by less than 1% in June compared to the same time last year, according to Realtor.com. In June, 9,256 listings … Continue reading →

Posted in Housing Bubble, National Real Estate, New Jersey Real Estate | 55 Comments

Biden Out

Posted on July 22, 2024 by grim

From CNN: Harris seeks to rally Democrats after Biden drops out of race

Posted in Crisis, National Real Estate, Politics | 242 Comments

Why not just lower taxes?

Posted on July 19, 2024 by grim

From NJ.com: The property tax overhaul New Jersey’s property tax breaks, including the popular Senior Freeze and ANCHOR benefits, could soon undergo dramatic changes as the state tries to keep its promise to further cut taxes for senior citizens under the Stay NJ law, according to recommendations released … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate, Politics | 131 Comments

Maybe they aren’t so bad?

Posted on July 16, 2024 by grim

From NorthJersey.com: Really, rankings? These two Jersey cities are consistently ‘the worst.’ We beg to differ Newark and Jersey City are New Jersey’s most populated cities, so it’s no wonder that they’re often the target of the various “worst places” … Continue reading →

Posted in Demographics, Gold Coast, New Jersey Real Estate | 177 Comments

Shore rentals starting to look shaky?

Posted on July 15, 2024 by grim

From the Philly Inquirer: Jersey Shore rental market sees cancellations, dropped prices, vacant weeks. What’s going on? Is the “Shore crowd in Italy”? Again? That’s the buzz, or rationalization, among some renters, real estate agents and homeowners at the Jersey … Continue reading →

Posted in Demographics, Economics, Shore Real Estate | 59 Comments

Mortgage pressure easing

Posted on July 14, 2024 by grim

From the MPA: Mortgage rates see immediate relief after positive economic data Mortgage rates fell this week, following positive economic data that suggests the Federal Reserve may ease up on interest rates later this year. Freddie Mac’s latest Primary Mortgage … Continue reading →

Posted in Demographics, Economics, Housing Bubble, Mortgages, National Real Estate | 31 Comments