Category Archives: Economics

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 | 75 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

August home sales dip

Posted on September 23, 2021 by grim

From the WSJ: Hot U.S. Housing Market Cooled Some in August The turbocharged housing market slowed in August as near record asking prices are giving buyers pause, easing some of the frenzy that gripped the market only a few months ago. … Continue reading →

Posted in Economics, National Real Estate | 167 Comments

Sales down, prices up..

Posted on September 20, 2021 by grim

From Redfin: Home Sales Fell 6% in August, the First Annual Decline in 15 Months However, home prices were up 16%, and new listings posted their first year-over-year decline since February, which could signal a tightening market. The median price … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 136 Comments

Impact or not?

Posted on September 16, 2021 by grim

From the Philly Voice: U.S. housing market faces ‘shock’ from end of mortgage forbearance — but no bubble, experts say Pandemic policies have undoubtedly shaped the way the U.S. housing market has functioned throughout the health crisis, which has had … Continue reading →

Posted in Economics, Mortgages, Politics, Risky Lending | 112 Comments

Maybe some gentrification isn’t so bad?

Posted on September 6, 2021 by grim

Interesting piece from VOX: What we talk about when we talk about gentrification In his 2019 paper “Hoboken Is Burning: Yuppies, Arson, and Displacement in the Postindustrial City,” Princeton historian Dylan Gottlieb documented the violent displacement Puerto Rican residents faced … Continue reading →

Posted in Demographics, Economics, National Real Estate, New Development | 197 Comments

Nothing in between

Posted on September 4, 2021 by grim

From NPR: The Housing Shortage Is Significant. It’s Acute For Small, Entry-Level Homes America’s roaring real estate boom is leaving millions of would-be homebuyers out in the cold. The problem is most severe in that corner of the market that … Continue reading →

Posted in Economics, National Real Estate, New Development | 60 Comments

Pending home sales dip

Posted on August 31, 2021 by grim

From MarketWatch: Pending home sales slide for second month in a row — even though economists predicted an increase Fewer Americans signed on the dotted line in July to purchase a home — but it’s likely too early to say … Continue reading →

Posted in Economics, National Real Estate | 54 Comments

What now for NJ unemployed?

Posted on August 25, 2021 by grim

From the Star Ledger: Murphy won’t say if N.J. will extend pandemic unemployment benefits, affecting 500K residents With approximately 500,000 New Jerseyans set to lose pandemic unemployment benefits after the first week of September, Gov. Phil Murphy won’t say if … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate | 216 Comments

56,000 Pending Eviction Cases

Posted on July 25, 2021 by grim

From the Star Ledger: As eviction moratorium nears end, N.J. to begin settlement conferences for renters, landlords The first mandatory settlement conferences in more than 56,000 pending landlord-tenant cases will begin next week, nearly a year-and-a-half since a statewide eviction moratoriumbegan … Continue reading →

Posted in Economics, New Jersey Real Estate | 155 Comments

Step away for a minute and the world goes to shit

Posted on March 15, 2020 by grim

Seems I picked a fine time to stop blogging. Markets in turmoil, global pandemic, potential real estate catastrophe looming. Couple of folks reached out to me over the past few days about opening the blog back up again. Totally get … Continue reading →

Posted in Economics, New Jersey Real Estate, Politics, Unrest | 225 Comments

Another good year for RE?

Posted on January 16, 2020 by grim

From HousingWire: CoreLogic: Expect home prices to rise 5% by next November In November, home prices climbed by 3.7% from the previous year, according to CoreLogic’s latest Home Price Forecast. The CoreLogic HPI projects future home price growth based on several economic … Continue reading →

Posted in Demographics, Economics, Employment, Housing Recovery, National Real Estate | 116 Comments

End of the NJ HQ?

Posted on January 14, 2020 by grim

From the Star Ledger: N.J. could force employers to pay severance to laid-off workers Stirred by the plight of New Jersey Toys “R” Us workers who lost their jobs when the Wayne-based retailed filed for bankruptcy and shuttered stores across … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate | 79 Comments

Still strong on LI

Posted on January 12, 2020 by grim

From LI Business News: Long Island home prices climb on strong sales Prices of Long Island homes sold last month rose compared with a year ago, boosted by strong demand and a shrinking supply. The median price of homes contracted … Continue reading →

Posted in Economics, Housing Recovery, NYC | 36 Comments