A place where the grocery store is a dollar general 1 hour away…
I kid I kid, I’m just super jelly
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Suburbia here!
We just have a utility commission that makes all suppliers go to war against one another with pricing. It’s fantastic.
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Same. 6 cents at night - have solar covering the day. Essentially free energy.
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California pg&e at 30+ cents of generation and delivery charges even during midnight off peak - it’s already not saving much vs ICE. Add increased insurance cost + California EV registration cost and it’s barely worth it. Now with federal EV taxes might as well just go ICE.
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Oh California…
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I don’t disagree with this rationale, but these big box stores are booming in my area.
Ofc, I don’t know how the nationwide metric is at the moment, but it is quite hard to navigate at the local HD during weekends.
You will have areas where they are doing well of course, but it is getting ugly.
https://www.thestreet.com/retail/home-depot-struggles-to-reverse-concerning-customer-behavior
https://www.thestreet.com/retail/lowes-ceo-flags-alarming-trend-thats-hurting-sales
OOOOhhh I’m kinda in this space. Yeah between tariffs and softening consumer demand? We’re cooked. Real estate is slowing, which means flippers and smaller builders are slowing which means home depot/lowe’s is slowing.
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homes are still going over ask in northern nj. bidding wars still common.
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Interesting. Lots more inventory around here. Most homes sit before going pending now. Recent change about 2-3 weeks ago.
Yeah but that’s more of the NYC market. Everywhere else is slowing down. Like Miami area and DMV, hell even SJ is slowing down. No major price cuts yet but also no crazy over asking prices here either.
BrightMLS (DMV, eastern PA, south jersey except the shore) active listings have been up 30% YOY while prices have stayed flat. Rents have also slowed down where we’re not seeing the huge jumps like we did in the last couple of years.
May the NYC market absolutely nosedive. We’ve been looking for almost 2 years.
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FL, TX and CO are better indicators than NJ for RE trends.
Be careful what you wish for…
If NYC RE collapses, it’s a good chance that the rest of the economy is close behind
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When did it ever collapse?
The last time NYC RE nosedived was in 2008…
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Nosedive is not collapse, is it? Like FL collapse.
When it comes to stable pricing, NYC is considered the crown jewel of American Real Estate Market. Even more than LA or Miami. If NYC is down 10%, then the rest of the country is down 30%.
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CA market has slowed. LA metro, OC, SD and Bay Area still decent but houses are sitting for longer and the insurance mess is not helping.
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hope it does. nyc is a lease market. plenty of repeats coming out of leases to put into new ones