Category Archives: General

NY Metro tops Case Shiller in June

Posted on August 28, 2024 by grim

From CNBC: Home prices hit record high in June on S&P Case-Shiller Index Even as mortgage interest rates were rising, home prices reached the highest level ever on the S&P CoreLogic Case-Shiller U.S. National Home Price Index. On a three-month … Continue reading →

Posted in General | 80 Comments

Inventory shifts positive?

Posted on May 3, 2024 by grim

From the Star Ledger: Real estate update: These NJ counties saw home inventory increase in April Across New Jersey, 13 counties saw an increase in new home listings compared with April 2023. And, the number of new listings also increased … Continue reading →

Posted in General, Housing Bubble, New Jersey Real Estate | 75 Comments

This pattern seems familiar..

Posted on April 29, 2024 by grim

From NJ.com: Regulators close Republic First Bank, regional lender with 15 N.J. locations Regulators have closed Republic First Bank, a regional lender operating in Pennsylvania, New Jersey and New York. The Federal Deposit Insurance Corp. said Friday it had seized … Continue reading →

Posted in General | 74 Comments

Bubble buyers first to bail

Posted on March 24, 2024 by grim

From Fortune: Housing market data suggests the most optimistic buyers during the pandemic are more likely to stop paying their mortgages Traditional methods for forecasting housing prices and broader economic indicators are proving insufficient. In our recent research, we explored an … Continue reading →

Posted in General | 36 Comments

$4.9m record breaker in Weehawken

Posted on March 2, 2024 by grim

From Patch: Christie’s International Real Estate Group announces the sale of 12 Henley Place – an iconic and record-breaking sale that set a historic benchmark at Henley on the Hudson, with its remarkable sale price of $4.9 million. Jessica Williams, … Continue reading →

Posted in General, Gold Coast, Housing Bubble, New Development, New Jersey Real Estate | 40 Comments

Oh Shiitake

Posted on January 18, 2024 by grim

From Fast Company: Decoding the U.S. housing market: What Opendoor’s performance reveals about home prices At the edge of the sprawling desert community of North Las Vegas, the four-bedroom home at 7473 Moonglade Street epitomized the impact of the mortgage rate shock … Continue reading →

Posted in Economics, General, National Real Estate, Price Reduced | 68 Comments

Predictions 2024!

Posted on January 1, 2024 by grim

Break out your crystal ball and let’s hear ’em! Recession / Economic Real Estate Stocks/Securities Commodities Inflation Mortgage Rates Geopolitics Whatever

Posted in General | 140 Comments

Too Soon?

Posted on December 20, 2023 by grim

From CNN Business: America may have done the impossible: Avoid a recession For the past couple years, all the smart money was on a US recession taking place sometime before the next presidential election. To be clear: That absolutely could still happen. In … Continue reading →

Posted in General | 111 Comments

Ringwood is prime

Posted on December 6, 2023 by grim

From the NYT: Ringwood, N.J.: A Rural Lifestyle 40 Miles From New York City With its wooded hills, winding roads and shimmering lakes and reservoirs, Ringwood, N.J., feels more like the Catskills than like a New Jersey suburb. That rural … Continue reading →

Posted in General | 62 Comments

Does the sales dip precede the price decline?

Posted on October 16, 2023 by grim

From the WSJ: Home Sales on Track for Slowest Year Since Housing Bust

Posted in General | 26 Comments

No cheaper over there

Posted on October 11, 2023 by grim

From the Long Island Business News: LI home prices hit new highs amid scant supply  Long Island home prices hit record highs again last month as limited inventory and higher mortgage rates slowed sales.  The median price of closed home … Continue reading →

Posted in General | 81 Comments

Welcome to Eight

Posted on October 7, 2023 by grim

From Mortgage News Daily: Rates Surge Toward 8% After Jobs Data; Can “Spreads” Help? Rates were already high coming into this week. As of last Friday, that meant an average 30yr fixed rate just under 7.5%. As of this Friday, … Continue reading →

Posted in General | 86 Comments

You aren’t successful enough to afford Bergen County

Posted on August 30, 2023 by grim

From the Record: First-time NJ home buyer? What today’s low inventory and high mortgage rates mean to you As if being a first-time home buyer in New Jersey weren’t difficult enough, we can now add low market inventory and high … Continue reading →

Posted in General | 190 Comments

Line ’em up

Posted on June 10, 2023 by grim

From the Star Ledger (Hat Tip JB): This 2-family home on the market for $590K got 88 offers in less than a week It was a quick sell for a home in Bergen County that hit the market for just … Continue reading →

Posted in General | 80 Comments

Housing market takes a beat down in April

Posted on May 19, 2023 by grim

Hat Tip ChiFi! (No, not this post, but the last two). From CNN: US home prices fall by most in 11 years but sales are down US home sales fell in April for the second month in a row and … Continue reading →

Posted in General | 84 Comments