Category Archives: Crisis

150,000 new housing units coming

Posted on October 23, 2024 by grim

From JD Supra: New Jersey Releases Fourth Round Affordable Housing Calculations; Identifies Present and Future Need for 150,000 New Units Throughout State The Department of Community Affairs (DCA) has released its “fourth round” affordable housing calculations for the coming decade, … Continue reading →

Posted in Crisis, Demographics, New Development, New Jersey Real Estate | 55 Comments

Shut up and be happy

Posted on October 5, 2024 by grim

From WalletHub: Happiest States in America (2024) Happiness comes from a combination of internal and external factors. We can influence it somewhat by approaching situations positively or choosing to spend time with people we love, doing activities we enjoy. However, … Continue reading →

Posted in Crisis, Humor, Where's the Beef? | 153 Comments

So much for NJ’s economy

Posted on September 30, 2024 by grim

From Reuters: US East Coast port strike looms Tuesday with no talks scheduled U.S. East and Gulf Coast port workers are set to go on strike at midnight on Monday with no talks currently scheduled to head off a stoppage … Continue reading →

Posted in Crisis, Economics, New Jersey Real Estate, Politics, Unrest | 195 Comments

First timers vs. Investors

Posted on September 26, 2024 by grim

From HousingWire: Investors are purchasing fewer homes, but they still account for nearly 25% of sales The share of single-family homes sold to investors peaked at nearly 30% at the start of this year, but these types of transactions dropped … Continue reading →

Posted in Crisis, Demographics, Economics, Housing Bubble, National Real Estate | 125 Comments

Starter home? What’s that?

Posted on September 17, 2024 by grim

From CBS News: As more first-time homebuyers are priced out, what can revive the American starter home? Felicia Ellis is actively looking to buy her first home by the end of the year. A three-bedroom, two-bathroom house on a tree-lined street in … Continue reading →

Posted in Crisis, Demographics, Economics, Housing Bubble, National Real Estate, New Development | 103 Comments

Can’t afford a house? How about a trailer?

Posted on September 4, 2024 by grim

From MyCentralJersey.com: ‘It’s not your grandma’s trailer’: Mobile homes are affordable solution to homebuyer woes Cesar Gaona Jr.’s story is a familiar one. A native of the Avenel section of Woodbridge in his late 20s, he was excited to buy … Continue reading →

Posted in Crisis, Demographics, Economics, Housing Bubble, New Jersey Real Estate | 49 Comments

The commercial slump

Posted on August 19, 2024 by grim

From NorthJersey.com: New commercial real estate projects have slowed in NJ thanks to high borrowing rates Construction in New Jersey isn’t what it used to be. In the commercial real estate sector — think strip malls, industrial warehousing, research and … Continue reading →

Posted in Crisis, Economics, Employment, National Real Estate, New Development | 73 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

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

Expensive, no end in sight

Posted on June 25, 2024 by grim

From the Joint Center for Housing Studies at Harvard: THE STATE OF THE NATION’S HOUSING 2024 Both homeowners and renters are struggling with high housing costs. On the for-sale side, millions of potential homebuyers have been priced out of the … Continue reading →

Posted in Crisis, Demographics, Economics, Housing Bubble, National Real Estate | 22 Comments

Covid claims another

Posted on June 15, 2024 by grim

From NorthJersey.com: Coach USA bus company files for bankruptcy. How will it impact NJ riders? Paramus-based Coach USA — one of the largest private bus companies in the country — filed to begin Chapter 11 bankruptcy proceedings this week. Dan … Continue reading →

Posted in Crisis, Employment, New Jersey Real Estate, NYC | 16 Comments

Fire all the professors

Posted on May 13, 2024 by grim

Not real estate related, but had to post this snarky masterpiece: From The Atlantic: No One Knows What Universities Are For Last month, the Pomona College economist Gary N. Smith calculated that the number of tenured and tenure-track professors at … Continue reading →

Posted in Crisis, Economics, Employment | 57 Comments

The Worst Time?

Posted on May 11, 2024 by grim

From Kiplinger: Is This the Worst Time To Buy a Home? The Federal Reserve is holding interest rates steady, and mortgages are hovering over 7%. House prices are still rising. Housing supply is still not close to meeting demand.  Is … Continue reading →

Posted in Crisis, Demographics, Economics, Housing Bubble, National Real Estate | 35 Comments

The first to fall

Posted on April 25, 2024 by grim

From the NY Post: Once the West Coast’s crown jewel, San Francisco’s real estate market is crashing San Francisco, once the crown jewel of the West Coast, is now teetering on the brink of collapse — and it seems like … Continue reading →

Posted in Crisis, Demographics, Economics, Housing Bubble, National Real Estate | 74 Comments

The boomers won’t go

Posted on April 17, 2024 by grim

Hat Tip VSG & Chi – From the WSJ: Boomers Bought Up the Big Homes. Now They’re Not Budging. Baby boomers bought up many of the big homes across the U.S. when they were raising their families. Now they’re staying … Continue reading →

Posted in Crisis, Demographics, Economics, Housing Bubble, National Real Estate | 59 Comments