Category Archives: General

Average home buyer age? 59

From NPR: Many would-be buyers are frozen out of the housing market First-time homebuyers are getting older. So much so, the National Association of Realtors had to scrap the photo it was planning to use on the cover of a new … Continue reading

Posted in General | 99 Comments

Mixed market for North Jersey

From NorthJersey.com: Housing inventory, price cuts continues to grow in NJ. How the market performed in July In the Garden State, there were a total of 17,584 active home listings in July, Realtor.com’s monthly market data showed. That is 19.89% … Continue reading

Posted in General | 166 Comments

It’s better here…

From Axios: Tale of two countries: Home prices rise in one half of U.S., fall in the othe Real estate prices are all about “location, location, location,” and right now that’s particularly true — in half the country home prices are still going … Continue reading

Posted in Demographics, Economics, Employment, General, National Real Estate | 72 Comments

Sorry Sellers

From NJ.com: NJ ‘mansion tax’ rates increase under new bill, now are paid by property sellers Multimillion-dollar home sales in the Garden State will be subject to higher fees under the New Jersey mansion tax as part of a new … Continue reading

Posted in General, New Jersey Real Estate, Politics | 25 Comments

Zillow Fights Back

From Business Insider: The Zillow Blacklist is officially here Pretty much every potential homebuyer looks for houses on the internet, scouring listings for the right facade and envisioning their couch in glossy photos of empty living rooms. A lot of … Continue reading

Posted in General | 73 Comments

Tick tick tick

From Mortgage News Daily: Home Prices Fell More Than Expected in April Both the FHFA and Case‑Shiller home price indices were released today. While the data collection time frame is from April, they each suggest a similar shift is underway … Continue reading

Posted in General | 68 Comments

NY Metro tops Case Shiller in June

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?

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 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

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