Category Archives: Mortgages

Something’s going to give

Posted on June 1, 2023 by grim

From Seeking Alpha: Mortgage Rates Re-Spike To 7% Range As It Sinks In That Fed Won’t Cut Rates ‘Anytime Soon,’ Mortgage Applications Plunge To 1995 Levels Spring selling season was a dud. But what comes next may be worse, that’s … Continue reading →

Posted in Economics, Mortgages, National Real Estate | 72 Comments

Why would they?

Posted on May 12, 2023 by grim

From the WSJ: The Home Buyer’s Quandary: Nobody’s Selling Many Americans who want to move are trapped in their homes—locked in by low interest rates they can’t afford to give up.  These “golden handcuffs” are keeping the supply of homes for … Continue reading →

Posted in Demographics, Economics, Mortgages, National Real Estate | 140 Comments

Gridlock

Posted on May 2, 2023 by grim

From the NYT: Home Buyers Are Eager but Sellers Are Scarce, Creating ‘Real Gridlock’ The housing market typically comes to life in spring, when buyers emerge in the warmer weather. This year, the market appears stuck in a deep freeze, and the … Continue reading →

Posted in Mortgages, National Real Estate | 68 Comments

Do we go negative now?

Posted on April 20, 2023 by grim

From Redfin: Home Prices Fell 3% in March—Biggest Annual Drop in Over a Decade The median U.S. home sale price fell 3.3% in March to $400,528, the largest year-over-year drop since 2012. That follows February’s 1.2% dip, which was the first annual … Continue reading →

Posted in Housing Bubble, Mortgages, National Real Estate | 139 Comments

Locked in is the new priced out

Posted on April 19, 2023 by grim

From DS News: Fannie Mae: ‘Lock-in Effect’ Amplifying Housing Shortages While the annual rate of increase in home prices slowed dramatically as a result of inflated interest rates, single-family home prices increased at a non-seasonally adjusted annual rate of 4.7% from … Continue reading →

Posted in Demographics, Mortgages, National Real Estate | 73 Comments

Back in the pool!

Posted on April 12, 2023 by grim

From CNBC: Homebuyer mortgage demand jumps after interest rates drop to two-month low Today’s housing market is so pricey that homebuyers are highly sensitive to any distinct moves in mortgage rates. And that’s what happened last week. Rates dropped, and … Continue reading →

Posted in Demographics, Economics, Housing Bubble, Mortgages | 122 Comments

Don’t worry about commercial real estate…

Posted on April 9, 2023 by grim

From Insider: Most of Wall Street is panicking about commercial real estate – but Goldman Sachs says there’s little chance it triggers a financial crisis It seems like there are three words on the lips of every investor now that … Continue reading →

Posted in Economics, Mortgages, National Real Estate, Risky Lending | 24 Comments

Heating up!

Posted on April 7, 2023 by grim

From CNN: Mortgage rates fall for the fourth week in a row Homebuyers benefited from another week of falling mortgage rates, with the average rate dropping for the fourth week in a row, according to data from Freddie Mac released … Continue reading →

Posted in Economics, Mortgages, National Real Estate | 59 Comments

Spring doesn’t matter this year?

Posted on April 3, 2023 by grim

From Money: Why Seasonality Doesn’t Matter in the Housing Market This Spring The housing market usually has seasonal ebbs and flows. Spring is historically a very strong season for the real estate market, and home sales tend to peak during the warmest … Continue reading →

Posted in Mortgages, National Real Estate | 93 Comments

Why wouldn’t they?

Posted on March 31, 2023 by grim

From CNBC: More home sellers are sitting out of the spring housing market It might seem like a great time to list your home for sale. Buyers are flooding back into the market, mortgage rates have fallen off their recent … Continue reading →

Posted in Housing Bubble, Mortgages, National Real Estate | 111 Comments

Home prices continue falling

Posted on March 29, 2023 by grim

From CNBC: Home prices cool in January, even falling in some cities, S&P Case-Shiller says Home prices cooled in January, up only 3.8% nationally than they were a year earlier, according to the S&P CoreLogic Case-Shiller U.S. National Home Price … Continue reading →

Posted in Economics, Housing Bubble, Mortgages, National Real Estate | 80 Comments

Spring!

Posted on March 27, 2023 by grim

From Fox News: Spring home buying season shows ‘steady demand’ as mortgage rates slip for second week The spring home buying season is showing “steady demand” as mortgage rates slip for a second week in a row.  On Wednesday, the Federal … Continue reading →

Posted in Housing Bubble, Mortgages, National Real Estate | 158 Comments

Don’t sell, rent.

Posted on March 23, 2023 by grim

From Fortune: Homeowners who held onto a 3% mortgage rate are becoming ‘accidental landlords’ The era of lower-than-ever mortgage rates is long gone, and it’s been replaced with rates hovering around 7%. But homeowners who locked in lower ratesbefore or during … Continue reading →

Posted in Economics, Housing Bubble, Mortgages, National Real Estate | 140 Comments

NAR: First price decline in 11 years

Posted on March 22, 2023 by grim

From CNBC: Home sales spike 14.5% in February as the median price drops for the first time in over a decade Sales of previously owned homes rose 14.5% in February compared with January, according to a seasonally adjusted count by … Continue reading →

Posted in Economics, Housing Bubble, Mortgages, National Real Estate | 93 Comments

Mortgage rates drop

Posted on March 14, 2023 by grim

From CNBC: Mortgage rates tumble in the wake of bank failures The average rate on the popular 30-year fixed mortgage dropped to 6.57% on Monday, according to Mortgage News Daily. That’s down from a rate of 6.76% on Friday and a … Continue reading →

Posted in Economics, Housing Recovery, Mortgages, National Real Estate | 115 Comments