Category Archives: National Real Estate

Case Shiller Day!

From Marketwatch: Home price gains were hot in June as Seattle sizzled, Case-Shiller says U.S. home price growth picked up steam in June as strong demand continued to buoy the market. The S&P/Case-Shiller 20-city index rose a seasonally adjusted 5.7% … Continue reading

Posted in Economics, National Real Estate | 81 Comments

Existing Home Sales Tank

From CNBC: US existing home sales unexpectedly fall in July U.S. home resales unexpectedly fell in July to their lowest monthly level of the year due to a lack of properties for sale, which also continued to push up prices. … Continue reading

Posted in Economics, National Real Estate | 113 Comments

Livin’ large

From Bloomberg: Millennial Americans Are Moving to the ‘Burbs, Buying Big SUVs Millennials are finally starting their own baby boom and heading for the suburbs in big sport utility vehicles, much like their parents did. Americans aged about 18 to … Continue reading

Posted in Demographics, Economics, National Real Estate | 51 Comments

New homes were never cheap

From CNBC: As housing affordability weakens, more buyers are left out in the cold The cost of housing is rising at a fast clip, and nowhere is it more apparent than in the market for newly built homes. Sales there … Continue reading

Posted in Demographics, Economics, National Real Estate, New Development | 89 Comments

Up Up and Away!

From HousingWire: Home prices hit yet another new all-time high Home prices increased in the second quarter of 2017 to yet another all-time high due to low levels of housing supply, according to the latest quarterly report from the National … Continue reading

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 34 Comments

Long Island prices jump

From Newsday: Home prices jump 9.8% in Nassau, rise 5.8% in Suffolk The median home price in Nassau County jumped nearly 10 percent last month compared to a year ago, as limited supply continued to drive prices up. The median … Continue reading

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

Smaller down payments gaining popularity

From CNBC: Homebuyers put less and less skin in the game, adding to the market’s overall risk It feels like deja vu in mortgage land all over again. Homebuyers are increasingly opting to put less money down when purchasing their … Continue reading

Posted in Housing Bubble, National Real Estate, Risky Lending | 77 Comments

Sellers at the high end get real … and sell

From CNBC: Luxury home prices soar as sellers come back down to earth The slump in the swankiest sector of the housing market appears to be over, and, ironically, it may be due to a dose of reality among sellers. … Continue reading

Posted in Demographics, Economics, Housing Recovery, National Real Estate | 54 Comments

Ready for another bubble?

From CNBC: Home price gains are accelerating again, and in some cities those values are overheating. Four of the nation’s largest cities are now considered overvalued, according to CoreLogic. Home prices in Denver, Houston, Miami and the Washington, D.C., metropolitan … Continue reading

Posted in Housing Bubble, National Real Estate | 103 Comments

Housing continuing to recover as investors step aside

From Bloomberg: Gain in U.S. Pending Home Sales Shows Market Is Stabilizing A rebound in contract signings for the purchase of previously owned U.S. homes shows housing demand is stabilizing after a three-month downturn, National Association of Realtors figures released … Continue reading

Posted in Economics, Housing Recovery, National Real Estate | 79 Comments

Millennials increase homebuying

From HousingWire: Millennials drive up homeownership rate in Q2 The national homeownership rate increased slightly from last year, but was not statistically different from last quarter, according to the latest release from the U.S. Census Bureau. The homeownership rate in … Continue reading

Posted in Housing Recovery, National Real Estate | 93 Comments

Exurb Puff Piece? Smells like a bubble

From the NY Times: Extreme Commuting In 1492, after an arduous voyage aboard Columbus’s vessel the Santa María, Rodrigo de Triana, a lookout, bellowed, “Tierra!” This is pretty much how Corey Ferrell, a commuter, sometimes feels upon docking at his … Continue reading

Posted in Employment, Housing Bubble, National Real Estate, NYC | 56 Comments

Foreigners love American real estate

From CNBC: Foreigners snap up record number of US homes Foreign purchases of U.S. residential real estate surged to the highest level ever in terms of number of homes sold and dollar volume. Foreign buyers closed on $153 billion worth … Continue reading

Posted in Demographics, Economics, National Real Estate | 39 Comments

We can’t build anything anymore…

From Salon: Chris Christie’s era of misrule in Jersey: The empty swamp mall and the canceled tunnel While Gov. Chris Christie’s Bridgegate gambit rightfully helped kneecap his presidential run, it was his cancellation, in 2010, of a trans-Hudson rail tunnel … Continue reading

Posted in National Real Estate, New Development, New Jersey Real Estate, Politics | 102 Comments

Another bubble?

From Forbes: Home Prices And Buyer Competition Hit New Highs in June U.S. home prices rose 7.3 percent to a median sale price of $298,000 in June, according to Redfin, the next-generation real estate brokerage. This is the highest national … Continue reading

Posted in Economics, Housing Bubble, National Real Estate | 40 Comments