Category Archives: Housing Bubble

Ah hell, they went and said it…

From MarketWatch: Home-price gains decelerate to 11-month low as housing market tries for a soft landing The numbers: The S&P CoreLogic Case-Shiller 20-city index rose 0.1%, seasonally adjusted, in July, and was up 5.9% compared with a year ago. What … Continue reading

Posted in Economics, Housing Bubble, Housing Recovery, National Real Estate | 5 Comments

Existing home sales flat in August, prices up, inventory up slightly

From HousingWire: Existing home sales held steady in August After falling for four consecutive months, existing home sales held its ground in August, according to the latest report from the National Association of Realtors. Total existing home sales, completed transactions … Continue reading

Posted in Economics, Housing Bubble, Housing Recovery, National Real Estate | 57 Comments

Kaboom

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

Owners staying put is causing the inventory crunch

From HousingWire: First-time homebuyers dominate mortgage market First-time homebuyers may be facing rising affordability issues, but they are still outpacing the share of repeat buyers in the housing market, according to the latest report from the Urban Institute. This is … Continue reading

Posted in Economics, Housing Bubble, Housing Recovery, National Real Estate | 28 Comments

Hottest markets?

God, I feel that the Ledger should just give up on the stupid “top 10 list” format, I feel like I’m getting sucked into a social media marketing promotion by taking the clickbait. I’ll be the sucker and save you … Continue reading

Posted in Economics, Housing Bubble, Housing Recovery, New Jersey Real Estate | 39 Comments

Will the pause continue?

Great piece from Citylab this morning: This Housing Price Spike Is Different Housing prices are cooking. Across the nation, the price of homes is rising faster than the rate of inflation—in some places by a factor of three. That’s true … Continue reading

Posted in Demographics, Economics, Employment, Housing Bubble, Housing Recovery | 129 Comments

The Big Slow

From the Philly Inquirer: Is Philly’s housing market still hot? As buyers grow nervous and tired, home prices are slowing Even before she and her husband started seriously house-hunting for their first home, Nicole Benson Paul had heard the stories … Continue reading

Posted in Economics, Housing Bubble, Housing Recovery, National Real Estate | 128 Comments

Yep, this will end well

From MarketWatch: The new housing play: Helping priced-out renters become long-distance landlords Leland Char is a 28-year-old product manager for a large San Francisco-based tech company. He loves the Bay Area’s “very authentic Asian food and new American cuisine, smart … Continue reading

Posted in Housing Bubble, National Real Estate, Risky Lending | 91 Comments

May Case Shiller

From HousingWire: Case-Shiller: Home prices rising at least twice the rate of inflation To absolutely no one’s surprise, home prices increased once again in May, and even showed double-digit gains in some markets on the West Coast, and increasing at … Continue reading

Posted in Economics, Housing Bubble, Housing Recovery, National Real Estate | 99 Comments

“Uh Oh”s keep coming

From CNBC: Southern California home sales crash, a warning sign to the nation Southern California home sales hit the brakes in June, falling to the lowest reading for the month in four years. Sales of both new and existing houses … Continue reading

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 329 Comments

Uh Oh

From CNBC: Existing home sales fall for third straight month U.S. home sales fell for a third straight month in June as a persistent shortage of properties on the market pushed up house prices to a record high, likely sidelining … Continue reading

Posted in Economics, Housing Bubble, Housing Recovery, National Real Estate | 128 Comments

Here comes the bubble? Or still too early?

From CNBC: The housing shortage may be turning, warning of a price bubble The most competitive, tightest housing market in decades may finally be loosening its grip, and that could put pressure on overheated home prices. The supply of homes … Continue reading

Posted in Demographics, Economics, Employment, Housing Bubble, Housing Recovery, National Real Estate | 27 Comments

Haven’t yet returned to bubble pricing

From the Star Ledger, hat tip Yo: Only these 2 N.J. towns have fully recovered since the housing crash It’s been more than a decade since housing prices in New Jersey began a seven-year slide highlighted by the Great Recession. … Continue reading

Posted in Housing Bubble, Housing Recovery, New Jersey Real Estate | 23 Comments

June MarketNews

From the Otteau Group: June MarketNews Home sales in New Jersey increased by 2% in the month of May compared to the same month last year, recording more than 12,200 purchase contracts in a single-month, setting an all-time record. As … Continue reading

Posted in Demographics, Economics, Housing Bubble, Housing Recovery, New Jersey Real Estate | 71 Comments

Reaching the tipping point?

From CNBC: Home price gains ease in April: S&P Case-Shiller The heat appears to be coming off home prices, albeit very slightly. Nationally, values rose 6.4 percent annually in April, down from a 6.5 percent gain the previous month, according … Continue reading

Posted in Economics, Housing Bubble, Housing Recovery, National Real Estate | 161 Comments