Category Archives: General

Inventory shifts positive?

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..

From 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

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

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

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