Category Archives: General

Oh Shiitake

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!

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?

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

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?

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

Posted in General | 26 Comments

No cheaper over there

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

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

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

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

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

Fed to take a breather?

From the Hill: Goldman Sachs expects pause in Fed’s interest rate hikes Analysts at Goldman Sachs expect the Federal Reserve to pause its interest rate hikes this week, citing concerns about uncertainty in the global financial system spurred by a … Continue reading

Posted in General | 109 Comments

Predictions 2023!

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

Posted in General | 66 Comments

Clot was right

From the Star Ledger: You will soon be able to live at this N.J. mall The owners of Westfield Garden State Plaza are poised to make every shopaholic’s dream come true — you can literally live at the mall. A … Continue reading

Posted in General | 114 Comments

About your wage increase…

From Bloomberg: Rents in US Rise at Fastest Pace Since 1986, Buoying Inflation An index measuring rent of a primary residence was 0.8% higher in June than the month before, an acceleration from the 0.6% increase recorded in May, according … Continue reading

Posted in General | 81 Comments

Barry says no recession

From the Big Picture: Are We in a Recession? (No) Are we heading into a recession? According to quite a few observers, this is almost no longer a question, but rather seems to be a fait accompli. I am skeptical, but … Continue reading

Posted in General | 214 Comments