Category Archives: Price Reduced

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

Oh Shiitake

Posted on January 18, 2024 by grim

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

Falling out of love with the shore

Posted on September 4, 2023 by grim

From the Star Ledger: Here’s how the Jersey Shore rental market was this summer and a reminder that it’s not over yet For the first time in a few years, you might’ve gotten a deal or picked up a prime … Continue reading →

Posted in Economics, New Jersey Real Estate, Price Reduced, Shore Real Estate | 26 Comments

It’s a bargain, darling.

Posted on June 5, 2023 by grim

From the NY Post: Beach bargains: Hamptons luxury home prices are dropping After numerous record-breaking, pandemic-fueled, $100-million-plus mega-mansion sales, the hyped up Hamptons may have finally hit a wall.  The number of East End home sales fell to their lowest … Continue reading →

Posted in Economics, NYC, Price Reduced, Shore Real Estate | 56 Comments

Slow (not) down

Posted on February 19, 2023 by grim

From CNN: Here are the US cities where home prices are actually falling Home prices are going up across the country — in aggregate. Looking at individual markets, however, some are showing prices have fallen from a year ago. Single-family … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate, Price Reduced | 53 Comments

Price Reduced! Superstar!

Posted on October 25, 2022 by grim

From the Star Ledger: One of the oldest log cabins in the U.S. is up for sale — again — in N.J. It’s a case of history repeating itself, this time at a much marked-down price. Billed as “the oldest … Continue reading →

Posted in New Jersey Real Estate, Price Reduced | 163 Comments

Slowdown?

Posted on April 13, 2022 by grim

From Reuters: Early signs of cooling housing market seen in some U.S. cities, Redfin says There are early signs of a cooldown in some of the hottest corners of the U.S. housing market, Redfin said in a report on Friday, … Continue reading →

Posted in National Real Estate, Price Reduced | 71 Comments

LI hitting a wall?

Posted on November 17, 2021 by grim

From Long Island Business News: Long Island home prices head lower again The prices of Long Island homes dropped for the second straight month in October.  The median price of closed home sales in Nassau County last month was $650,000, down from the $661,500 median … Continue reading →

Posted in National Real Estate, NYC, Price Reduced | 163 Comments

Found the inventory!

Posted on November 2, 2021 by grim

From Business Insider: Zillow is reportedly looking to sell 7,000 homes as its homebuying unit hits turbulence Zillow’s homebuying unit is having a rough couple of weeks. The $25 billion property giant spent the past couple of years buying up … Continue reading →

Posted in Economics, National Real Estate, Price Reduced | 133 Comments

Still overpriced?

Posted on April 27, 2019 by grim

From the NY Post: Embattled New Jersey mansion is now a whopping 75 percent off This northern New Jersey mansion dates to the roaring ’20s, but it’s certainly not roaring now. The grand property — once one of the state’s … Continue reading →

Posted in New Jersey Real Estate, Price Reduced, Risky Lending | 95 Comments

Maybe they’ll just stay in Manhattan?

Posted on January 4, 2019 by grim

From Bloomberg: Manhattan home prices fall under $1 million as sellers cut deals Manhattan home prices fell in the fourth quarter, with the median slipping to less than $1 million for the first time in three years. Ample inventory continued … Continue reading →

Posted in Demographics, Economics, NYC, Price Reduced | 107 Comments

Price Reduced!

Posted on August 18, 2018 by grim

From HousingWire: Is housing becoming a buyer’s market? Home sellers have begun cutting back their listing price, especially at the high end of the housing market, leaving open the possibility that it is now beginning to shift to a buyer’s … Continue reading →

Posted in Economics, National Real Estate, Price Reduced | 44 Comments

Oops, NYC dials back pricing

Posted on August 8, 2017 by grim

From Bloomberg: In Manhattan and Brooklyn, Home Sellers Get a Reality Check If New York home sellers had big dreams when they listed their properties, now they’re adjusting to reality. In most Manhattan neighborhoods, at least 25 percent of homes … Continue reading →

Posted in NYC, Price Reduced | 27 Comments

Election Day!

Posted on November 8, 2016 by grim

Please be sure to vote YES today to both Public Questions on today’s ballot: STATE QUESTION NO. 1 – CONSTITUTIONAL AMENDMENT TO PERMIT CASINO GAMBLING IN TWO COUNTIES OTHER THAN ATLANTIC COUNTY Do you approve amending the Constitution to permit … Continue reading →

Posted in Price Reduced | 204 Comments

Price Reduced! Frick Mansion Still Empty

Posted on May 19, 2016 by grim

With the Realtors posting snarky lowball pieces about overpriced NJ houses – maybe it is time to call it quits. From Realtor.com: 6 Years Later, New Jersey’s Most Expensive Home Still Waiting for Its First Resident In this age of … Continue reading →

Posted in Humor, New Jersey Real Estate, Price Reduced | 38 Comments