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Category Archives: NYC
Where can you afford to buy?
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?
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
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?
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
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
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?
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
Zillow Home Price Forecast
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.
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
Six figures ain’t what it used to be
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
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
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
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
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
Like the good ol’ days
From Business Insider: HENRYs are turning to a little-known and risky type of mortgage as home prices soar With home prices and mortgage rates sky high, potential homeowners — even those with deep pockets — are looking for ways to ease the … Continue reading
Posted in Economics, Employment, Housing Bubble, National Real Estate, NYC, Risky Lending
112 Comments