Category Archives: NYC

$700k to live in Staten Island

Posted on October 29, 2024 by grim

From SI Live: Median price of a Staten Island home hits $700,000, report says Staten Island home prices are continuing to rise, according to the latest report from the Staten Island Board of Realtors (SIBOR) — and the median sales price of … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate, NYC | 33 Comments

Where can you afford to buy?

Posted on September 16, 2024 by grim

From NorthJersey.com: These New Jersey towns have the lowest home prices within 30 minutes of New York City In a new study from PropertyShark, the real estate data provider found the 13 communities with the lowest home prices within a … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, New Jersey Real Estate, NYC | 49 Comments

Prices to fall? Maybe?

Posted on September 5, 2024 by grim

From MSN: These housing markets are poised for a downturn — and they’re not in Florida or Texas ome buyers are contending with record-high home prices across most of the U.S., but some markets are poised for a correction and could offer … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, New Jersey Real Estate, NYC | 119 Comments

Grow baby grow

Posted on August 15, 2024 by grim

From NorthJersey.com: North Jersey city to see the region’s third highest number of new apartment units in 2024 In RentCafe’s annual Apartment Construction Report, analysts reviewed new apartment construction data for 369 U.S. metropolitan areas and uncovered which ones are expected … Continue reading →

Posted in Demographics, Economics, National Real Estate, New Development, NYC | 92 Comments

What’s it take to get banned by Freddie and Fannie?

Posted on June 16, 2024 by grim

From the Real Deal: Meridian makes cuts to New Jersey office  Meridian Capital Group has let go of brokers in its New Jersey office as the brokerage goes through a leadership shakeup and a blacklist from Freddie Mac and Fannie … Continue reading →

Posted in Mortgages, NYC, Risky Lending | 26 Comments

Covid claims another

Posted on June 15, 2024 by grim

From NorthJersey.com: Coach USA bus company files for bankruptcy. How will it impact NJ riders? Paramus-based Coach USA — one of the largest private bus companies in the country — filed to begin Chapter 11 bankruptcy proceedings this week. Dan … Continue reading →

Posted in Crisis, Employment, New Jersey Real Estate, NYC | 16 Comments

New high for Hudson

Posted on May 27, 2024 by grim

From NJ.com: N.J. home got $350K over asking, making it the most expensive sale in its county this year Five days is all it took for this Hoboken brownstone to go under contract for $350,000 more than its asking price. … Continue reading →

Posted in Gold Coast, Housing Bubble, New Jersey Real Estate, NYC | 9 Comments

The next tech hotspot?

Posted on May 24, 2024 by grim

From the NY Post: Time to buy in ‘Quantum Valley’? Upstate New York home prices are set to skyrocket as Big Tech moves in Will the San Francisco Bay Area tech hub known as Silicon Valley soon be eclipsed by the … Continue reading →

Posted in Demographics, Economics, Employment, National Real Estate, North Jersey Real Estate, NYC | 45 Comments

Zillow Home Price Forecast

Posted on April 24, 2024 by grim

From Zillow: Zillow Home Value and Home Sales Forecast (March 2024) Zillow’s home value forecast calls for 1.9% growth over 2024 – slower than long-term norms but a welcome slowdown for first-time buyers compared to the rapid appreciation seen over … Continue reading →

Posted in Demographics, Economics, Housing Bubble, New Jersey Real Estate, NYC | 90 Comments

Home price jackpot? Think again.

Posted on March 28, 2024 by grim

From the NYT: How Much Higher Are Your Post-Pandemic Property Taxes? The median price for a single-family home in the United States rose about 40 percent from 2019 to 2022, peaking at $480,000 before receding to about $417,000 at the … Continue reading →

Posted in National Real Estate, New Jersey Real Estate, NYC, Property Taxes | 61 Comments

Six figures ain’t what it used to be

Posted on March 21, 2024 by grim

From CNBC: The salary a single person needs to live comfortably in 25 major U.S. cities Here’s the income a single person needs to live comfortably in the 25 U.S. cities with the highest cost of living:

Posted in Crisis, Demographics, Economics, Employment, National Real Estate, NYC | 101 Comments

NY Metro Rents Skyrocket

Posted on March 18, 2024 by grim

From the Record: Rents are skyrocketing. This report breaks down just how much Housing prices just don’t seem to be letting up. In February, rentals saw the largest increase in price nationwide in more than a year, according to Rent.com’s … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, New Jersey Real Estate, NYC | 90 Comments

NYC may see it’s glory days again

Posted on February 27, 2024 by grim

Hat tip to 3b for the Fortune doom loop article: The ‘prophet of urban doom’ says New York City is in major trouble, and it’s just the first inning of the ballgame: ‘The cycle is out of control’ As nicknames … Continue reading →

Posted in Crisis, Demographics, Economics, Employment, Housing Bubble, NYC | 101 Comments

NYC’s rent controlled time bomb

Posted on February 11, 2024 by grim

From Bloomberg: Why NYC Apartment Buildings Are on Sale Now for 50% Off Even in the crisp afternoon sunlight, the two-bedroom Manhattan apartment has a ghostly pallor, its cracked walls yellowing like an ancient black-and-white photograph. Paint chips are falling from … Continue reading →

Posted in Crisis, Demographics, Economics, NYC, Politics, Price Reduced | 55 Comments

Shrinkflation, even in housing

Posted on January 15, 2024 by grim

From Fox 5: Renting in NYC: $1,700 gets you a living room sized apartment, study reveals Renters from every borough in NYC agree that prices are soaring and living spaces are shrinking, but a new study sheds light on just … Continue reading →

Posted in Demographics, Economics, Housing Bubble, NYC | 22 Comments