Category Archives: National Real Estate

Grass is greener, taxes are lower

From Fox Business: Florida-based ‘Unhappy New Yorkers’ campaign targets fed-up taxpayers Tens of thousands of New Yorkers are leaving the high-tax state and moving to Florida, a trend local real estate developers are looking to capitalize on. Armando Codina, executive chairman of Miami real … Continue reading

Posted in Demographics, Economics, National Real Estate | 108 Comments

How In Living Color predicted the future.

From CNBC: How the hustle and gig economy is choking the middle class For Emmanus Stephen, an Uber driver from Asbury Park, New Jersey, earning enough to pay the bills means strategizing carefully about where he will work each day. … Continue reading

Posted in Demographics, Economics, National Real Estate | 101 Comments

Look back at taxes

From CNBC: The IRS stats are in: Here’s how tax refunds look compared to last year The final stats are in from the IRS — and it looks like the average tax refund check isn’t all that different from last year. The … Continue reading

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

Uneven recovery or catch up?

From CNBC: Uneven housing recovery persists, with some markets still behind their pre-recession peak With the U.S housing bubble far in the rearview mirror, home prices in most places have passed their pre-recession peak. In other spots, though, it’s a … Continue reading

Posted in Demographics, Economics, National Real Estate, New Development | 54 Comments

So much for the jump in February

From Marketwatch: Existing-home sales slide nearly 5% in March as the on-again-off-again housing market retreats Sales of previously-owned homes fell more sharply than expected in March as the usual housing headwinds stalked the market. The surge in February was the … Continue reading

Posted in Demographics, Economics, National Real Estate | 122 Comments

Probably because they learned their lesson … duh

From HousingWire: Why aren’t more people tapping into their home equity? As the housing market has continued its recovery, home prices have been climbing at a steady clip across the nation. And that means homeowners now have a nice stockpile … Continue reading

Posted in Demographics, Economics, National Real Estate, Risky Lending | 41 Comments

Sorry about your mansion

From the WSJ, hat tip Anuj: Wealthy Greenwich Home Sellers Give In to Market Realities After four years on the market, and three price cuts, a stately Colonial-style home on Greenwich, Conn.’s tony Round Hill Road is being sold in … Continue reading

Posted in Economics, National Real Estate | 78 Comments

Slowing in LI, or still strong?

From Newsday: LI home prices rise, but sales slow and inventory grows, report shows Long Island home prices kept rising as the spring selling season got underway last month, but the pace of sales slowed and inventory is on the … Continue reading

Posted in Demographics, Economics, National Real Estate | 141 Comments

Jobs Day

From CNBC: Friday’s jobs report could eliminate market’s recession fears Companies seem to have done a lot of hiring in March, and if Friday’s jobs report is as strong as expected, it could go a long way towards reducing speculation … Continue reading

Posted in Economics, Employment, National Real Estate | 91 Comments

Geographic Sorting and Spacial Inequality

From Citylab: How the 1 Percent Is Pulling America’s Cities and Regions Apart The two gravest challenges facing America today, economic inequality and geographic divides, are increasingly intertwined. Economic inequality has surged with nearly all the growth being captured by … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate | 65 Comments

Refi window opens again

From Housingwire: Here’s how many borrowers should refinance after the recent drop in mortgage rates Mortgage rates fell 22 basis points last week to 4.06%, an event that will likely be a gamechanger for the refinance market. According to the latest report … Continue reading

Posted in Economics, Mortgages, National Real Estate | 102 Comments

Pending Sales Dip

From CNBC: Pending sales fall in February Pending home sales drop 1% in February, despite lower mortgage rates Homebuyers signed 1 percent fewer contracts to buy existing homes in February compared with January, according to the National Association of Realtors’ … Continue reading

Posted in Economics, Housing Recovery, National Real Estate | 88 Comments

Spriiiiiiiiing Market!

From CNBC: Want to sell your home? Hurry up and list it next week Timing is everything, especially in a housing market that has been less than dependable lately. So if you want to get the best price for your … Continue reading

Posted in National Real Estate | 99 Comments

FHA getting a bit too risky

From HousingWire: FHA says as many as 50,000 mortgages will be affected by new lending rules Two weeks ago, the Federal Housing Administration took steps to mitigate risks to its single-family portfolio, announcing updates to its TOTAL Mortgage Scorecard that will flag some loans … Continue reading

Posted in Economics, Mortgages, National Real Estate, Risky Lending | 99 Comments

Home sales … skyrocket?

From CNBC: Home sales make record jump, proving how sensitive buyers are to mortgage rates Sales of existing homes skyrocketed a whopping 11.8 percent in February compared with January, according to the National Association of Realtors. That is the largest … Continue reading

Posted in Economics, Mortgages, National Real Estate | 19 Comments