Category Archives: National Real Estate

Insanity

Posted on August 25, 2019 by grim

From HousingWire: Appraisals may soon not be required on certain home sales of $400,000 and under Certain home sales of $400,000 and under may soon not need an appraisal, as federal regulators are close to approving a proposal to increase … Continue reading →

Posted in Economics, Foreclosures, Housing Bubble, Mortgages, National Real Estate | 44 Comments

Look at the bright side America, you can afford to live in Detroit

Posted on August 21, 2019 by grim

From HousingWire: These are the nation’s most affordable housing markets for middle-class families The era of unusually affordable housing has ended, meaning America’s housing affordability has returned to average historical levels. While this means homes are no longer cheap on a … Continue reading →

Posted in Demographics, Economics, Employment, National Real Estate | 147 Comments

Don’t Fear The Reaper (or maybe you should)

Posted on August 15, 2019 by grim

From CNBC: More signs point to a softer housing market, even as mortgage rates fall Homebuilders and buyers alike are pulling back, even as mortgage rates fall to multiyear lows. The housing market is simply too pricey, and consumers are … Continue reading →

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

Snap back to reality

Posted on August 14, 2019 by grim

From Mortgage Professional America: Homeowners are getting really good at valuing their homes The gap between the value homeowners put on their refinance mortgage applications and the value assessed by professional appraisers has narrowed for the third straight month. The … Continue reading →

Posted in Economics, Mortgages, National Real Estate | 38 Comments

School rules

Posted on August 13, 2019 by grim

From HousingWire: Half of homebuyers with kids base purchase on school district Purchasing a home is one of the biggest decisions a person can make during their lifetime. After all, where you live determines many factors about your life, including … Continue reading →

Posted in Demographics, Economics, National Real Estate | 50 Comments

May Case Chiller

Posted on August 1, 2019 by grim

From Marketwatch: Home prices continue to slow in May, Case-Shiller says The numbers: Home price inflation slowed further in May as the S&P CoreLogic Case-Shiller 20-city index rose 0.1% in May compared with April on a seasonally adjusted basis. On an … Continue reading →

Posted in Demographics, Economics, Employment, National Real Estate | 60 Comments

Sorry, no homes for you

Posted on July 29, 2019 by grim

From HousingWire: Millennials want to buy homes, but their wallets are saying no As summertime heats up, it’s safe to say that spring has officially come to an end. But while its cooler days may be behind us, data says … Continue reading →

Posted in Demographics, Economics, Employment, National Real Estate | 82 Comments

Ugly June

Posted on July 25, 2019 by grim

From CNBC: US existing home sales fell 1.7% in June, vs 0.2% drop expected U.S. home sales fell more than expected in June as a persistent shortage of properties pushed prices to a record high, suggesting the housing market was … Continue reading →

Posted in Economics, National Real Estate | 56 Comments

To hell with local rule?

Posted on July 23, 2019 by grim

Important enough to make the main page, from Curbed: Cory Booker and Elizabeth Warren want to force cities to adopt YIMBY policies. Can they? The state of Oregon has effectively banned single-family zoning. Minneapolis upzoned nearly the entire city, 75 percent of … Continue reading →

Posted in National Real Estate, New Development, Politics | 71 Comments

Median price hits new high (but not everywhere)

Posted on July 18, 2019 by grim

From HousingWire: Median home price climbs to all-time high The median price of single-family homes in the U.S. has climbed to a record high, reaching $266,000 in the second quarter. That’s up 10.8% from the previous quarter and up 6.4% … Continue reading →

Posted in Economics, National Real Estate | 45 Comments

Most stable market in…forever?

Posted on July 15, 2019 by grim

From CNBC: Housing-market distress is at its lowest in at least 20 years — can it hold?  In the aftermath of the housing crisis, lenders and regulators clamped down hard to make sure we’d never have another bubble like the … Continue reading →

Posted in Demographics, Economics, Employment, Foreclosures, National Real Estate | 98 Comments

Home prices pick up speed

Posted on July 3, 2019 by grim

From HousingWire: Annual home-price growth reverses course, finally rises After 14 months of slowing home-price gains, the pace of growth finally picked up speed in May, increasing by 3.6% on an annual basis, according to the latest from CoreLogic. And, it … Continue reading →

Posted in Economics, Housing Bubble, Housing Recovery, National Real Estate | 32 Comments

The first cracks?

Posted on June 29, 2019 by grim

From Curbed: SF home prices drop, still unaffordable for all On Thursday, Orange County-based data firm Core Logic reported that the median home price in San Francisco is down year over year, dropping four percent in May. Earlier this year, … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 31 Comments

May contracts tick higher

Posted on June 28, 2019 by grim

From MarketWatch: Pending home sales roar higher, but the housing market is still in low gear Pending home sales jumped by a seasonally adjusted 1.1% in May but were 0.7% lower than a year ago, the National Association of Realtors said … Continue reading →

Posted in Economics, National Real Estate | 30 Comments

Blame the Boomers

Posted on June 25, 2019 by grim

From The Atlantic: The Boomers Ruined Everything The Baby Boomers ruined America. That sounds like a hyperbolic claim, but it’s one way to state what I found as I tried to solve a riddle. American society is going through a … Continue reading →

Posted in Demographics, Economics, Employment, National Real Estate | 139 Comments