Category Archives: National Real Estate

Buyers prefer used houses

From the USA Today: Rising mortgage rates, home prices are becoming a toxic cocktail in the housing market Rising mortgage rates and continued home price growth are hurting affordability and fast becoming a toxic cocktail for the nation’s homebuilders. Sentiment … Continue reading

Posted in Demographics, Economics, Mortgages, National Real Estate, New Development | 70 Comments

How can the housing market be slowing?

From the NYT: Why the Housing Market Is Slumping Despite a Booming Economy These should be happy times for the housing sector. The economy is booming, with more people working at higher pay, and with the sizable millennial generation reaching … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate | 29 Comments

Home price growth continues to slow

From CNBC: Home price gains fall below 6% for the first time in a year: August S&P Case-Shiller index Mortgage interest rates didn’t begin their recent surge until the start of September, but home prices were already feeling pressure, as … Continue reading

Posted in Economics, Mortgages, National Real Estate | 160 Comments

SALT cap hits the Northeast … hard

From Bloomberg: Housing Is Tanking in the Northeast. Guess Why. Sales of new single-family houses were down 13.2 percent in September from a year earlier, the Census Bureau reported Wednesday. That’s a lot — the biggest year-over-year percentage decline since … Continue reading

Posted in Economics, National Real Estate, New Jersey Real Estate, Politics, Property Taxes | 70 Comments

New home sales “collapse” in the Northeast.

From CNBC: New home sales drop 5.5% in September to near two-year low New home sales plunged in September, falling 5.5 percent to an almost two-year low amid pressures from rising interest rates that have hammered the real estate market. … Continue reading

Posted in Economics, National Real Estate, New Development | 35 Comments

Kaboom! Err, a new boom.

From HousingWire: TransUnion: Home equity lending is going to soar Home equity levels continue to rise, and all signs point to a market ripe for home equity lending, according to a recent report from consumer credit reporting agency TransUnion. Home … Continue reading

Posted in Economics, Housing Bubble, Mortgages, National Real Estate | 42 Comments

Buy! No, rent! No, buy!

From the Real Deal: More than 75% of Americans choose renting a home over buying: report Fewer Americans are in the home-buying mood. Rising interest rates and housing prices prices, coupled with slowing rent growth are making homeownership less attractive. … Continue reading

Posted in Demographics, Economics, Mortgages, National Real Estate | 93 Comments

Room to run or end of the road?

From Bloomberg: Housing Market Is Raising Serious Red Flags Despite a robust U.S. economy, at least as measured by gross domestic product, real home price growth is locked in a cyclical downturn. If that’s not bad enough, it will likely … Continue reading

Posted in Housing Bubble, National Real Estate | 94 Comments

Mortgage rates touch 5% again

From CNBC: Mortgage rates jump past 5%, signaling more home price cuts ahead Millennials are in their prime homebuying years, and they’re used to cheap credit. So they might be in for a rude awakening as mortgage rates jump. The … Continue reading

Posted in Mortgages, National Real Estate | 80 Comments

The middle class was an anomaly

Great read from Ritholtz at Bloomberg: Why America Has a Two-Track Economy Which of these two scenarios describes the U.S. economy? No. 1. The economy is better than ever: The stock market is near a record high, wages are rising, … Continue reading

Posted in Economics, Employment, Housing Recovery, National Real Estate | 125 Comments

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 | 94 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

Everything is holding housing back

From MarketWatch: This is why Americans are losing confidence in the housing market Today, less people are buying houses. According to Fannie Mae, a mere 24% of Americans feel like now is a good time to buy a house. Looking … Continue reading

Posted in Demographics, Economics, Employment, Housing Recovery, Mortgages, National Real Estate | 37 Comments

Bye Bye Refi

From HousingWire: Originations fall to 4-year low due to rising interest rates The signs were all there. It was clear that mortgage originations were trending down as interest rates rose, but it’s still striking to see the results in black … Continue reading

Posted in Economics, Housing Recovery, Mortgages, National Real Estate | 78 Comments

Good thing the rich are rich

From CNBC: The $1 billion price cut: Luxury real estate gets slashed The most expensive real-estate in America just became a little less expensive — with $1 billion in price cuts among America’s top listings over the past few months, … Continue reading

Posted in Demographics, Economics, National Real Estate | 16 Comments