Category Archives: NYC

A better outcome for NNJ?

Posted on November 13, 2018 by grim

Is this actually the best result for NJ? Discuss. From the WSJ: New York City and Northern Virginia will be the homes for Amazon.com Inc.’s second and third headquarters, according to people familiar with the matter, ending a more than … Continue reading →

Posted in Economics, Employment, North Jersey Real Estate, NYC | 163 Comments

Rockland and Westchester slow

Posted on October 15, 2018 by grim

From LoHud: After a robust year, there are signs the housing market is in correction mode The residential market in the Lower Hudson Valley shows signs of a slowdown. The number of sales in the third quarter slipped from a … Continue reading →

Posted in Economics, Housing Bubble, North Jersey Real Estate, NYC | 65 Comments

NYC transitions into a cooling market

Posted on October 1, 2018 by grim

From CNBC: NYC has moved into a buyer’s market, and is experiencing a housing trend last seen in 2009 New York City’s pricey real estate has become a “buyers market,” new data suggests, characterized by lowball offers and a rise … Continue reading →

Posted in Demographics, Economics, Housing Bubble, Lowball, NYC | 46 Comments

Kaboom

Posted on September 19, 2018 by grim

From StreetEasy: 10 Years After the Financial Crisis, False Optimism Pervades NYC Housing Market Aspiring investors may be tempted to view the city’s recovery and the gains reaped by a handful of buyers as evidence that only a major bounty … Continue reading →

Posted in Housing Bubble, NYC | 28 Comments

Long Island prices gain through summer

Posted on September 14, 2018 by grim

From LI Patch: Long Island Home Prices Continue to Soar Long Island’s housing market continues to grow, as a report released today by the Multiple Listing Service of Long Island showed that housing prices are up and more homes are … Continue reading →

Posted in Economics, Housing Recovery, NYC | 59 Comments

So what’s this mean for Jersey?

Posted on July 3, 2018 by grim

From Bloomberg: Manhattan Homebuyers Demand Bargains, Walk Away—Anything But Overpay In his hunt for an apartment on Manhattan’s Upper West Side, Hal Walker found the perfect one-bedroom in an Art Deco building across from Central Park. It had languished on … Continue reading →

Posted in Comp Killer, Economics, New Jersey Real Estate, NYC | 78 Comments

Good times on Long Island

Posted on April 27, 2018 by grim

From CBS NY: Long Island Housing Market Making A Serious Comeback Bidding wars, competition among buyers and low inventory are driving up demand for homes. And right now in our region the biggest rush for houses is on Long Island. … Continue reading →

Posted in Housing Recovery, National Real Estate, NYC | 81 Comments

Don’t need NY to tell us we’re cool … but it sure don’t hurt

Posted on April 14, 2018 by grim

From the NY Times: Wait, New Jersey Was Once Not Cool? New Jersey chic used to have a name: Bruce Springsteen. And that was pretty much it, at least according to the Garden State’s haughty neighbors across the Hudson River, … Continue reading →

Posted in Demographics, Humor, New Jersey Real Estate, NYC | 121 Comments

No surprises here, big money stays in Manhattan

Posted on April 13, 2018 by grim

From Bloomberg: New York City’s Top Earners Still Choose Manhattan Over Brooklyn Brooklyn may claim the popularity contest, but Manhattan’s still home to the city’s highest earners. That’s the upshot from a Bloomberg analysis of household earnings by zip code, … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate, NYC | 132 Comments

Foreclosures spike in NYC?

Posted on April 9, 2018 by grim

From The Real Deal: New York City foreclosures are back to financial crisis levels The number of foreclosures in the city continued to climb this year, with Staten Island and Brooklyn seeing the largest upticks in scheduled auctions. In the … Continue reading →

Posted in Economics, Foreclosures, NYC | 84 Comments

Come to the dark side

Posted on April 8, 2018 by grim

From CNBC: Jersey City becomes alternative to New York, but without the ‘sticker shock’ in prices Real estate prices in New York City have cooled but remain astronomically high, so Jennifer Tobias, a senior designer at the Studio Sofield design … Continue reading →

Posted in Gold Coast, Housing Recovery, NYC | 11 Comments

Uh Oh

Posted on April 3, 2018 by grim

From Bloomberg: Manhattan Home Sales Tumble Most Since 2009 as Buyers Push Back Home sales in Manhattan plunged by the most since the recession as buyers at all price levels drove hard bargains and were in no rush to close … Continue reading →

Posted in Economics, Housing Recovery, New Development, NYC | 135 Comments

Who is to blame?

Posted on March 4, 2018 by grim

From the Star Ledger: Trump trying to block funding for Gateway Tunnel project President Donald Trump is trying to block federal funding for the Gateway Tunnel project even though the House has already allocated $900 million for it, according to … Continue reading →

Posted in New Jersey Real Estate, NYC, Politics | 34 Comments

NY jumps to the front?

Posted on February 27, 2018 by grim

From Inman: Home prices reach new peak, NY makes biggest gains According to the most recent Home Price Index (HPI) report from Black Knight, Inc., home prices in December increased .10 percent month-over-month and 6.6 percent year-over-year to $283,000 — … Continue reading →

Posted in National Real Estate, NYC | 105 Comments

Keep Manhattan, just give me that countryside

Posted on February 26, 2018 by grim

From the Real Deal: Why increasing numbers of New Yorkers are calling it quits on city life According to realtors, there’s a great exodus from New York City that can be measured in New Jersey commuters. Over the past 25 … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate, NYC | 85 Comments