Monthly Archives: September 2021

Sales down, prices up..

From Redfin: Home Sales Fell 6% in August, the First Annual Decline in 15 Months However, home prices were up 16%, and new listings posted their first year-over-year decline since February, which could signal a tightening market. The median price … Continue reading

Posted in Economics, Housing Bubble, National Real Estate | 62 Comments

Never bet against NYC

From Bloomberg: New York City Has Once Again Defied the Doomsayers. Here’s Why. New York City is emerging as one of the world’s most resilient big cities in the wake of the pandemic. The secret to its success is more … Continue reading

Posted in General | 216 Comments

Impact or not?

From the Philly Voice: U.S. housing market faces ‘shock’ from end of mortgage forbearance — but no bubble, experts say Pandemic policies have undoubtedly shaped the way the U.S. housing market has functioned throughout the health crisis, which has had … Continue reading

Posted in Economics, Mortgages, Politics, Risky Lending | 112 Comments

Boom or bubble

From CNBC: Here’s why experts believe the U.S. is in a housing boom and not a bubble The U.S. housing market has been an unlikely beneficiary from the Covid-19 pandemic. During the pandemic, home prices have climbed at a record … Continue reading

Posted in Housing Bubble, National Real Estate, New Development | 381 Comments

20

From Thomas Franklin at the Bergen Record:

Posted in General | 82 Comments

Clear to close? Think again.

From Inman: Ida flooding could jeopardize 47,000 home sales in NY and NJ Devastating flash floods in New York and New Jersey in the aftermath of Hurricane Ida could delay or derail as many as 47,000 pending real estate transactions … Continue reading

Posted in Mortgages, New Jersey Real Estate, Risky Lending | 196 Comments

Maybe some gentrification isn’t so bad?

Interesting piece from VOX: What we talk about when we talk about gentrification In his 2019 paper “Hoboken Is Burning: Yuppies, Arson, and Displacement in the Postindustrial City,” Princeton historian Dylan Gottlieb documented the violent displacement Puerto Rican residents faced … Continue reading

Posted in Demographics, Economics, National Real Estate, New Development | 197 Comments

Nothing in between

From NPR: The Housing Shortage Is Significant. It’s Acute For Small, Entry-Level Homes America’s roaring real estate boom is leaving millions of would-be homebuyers out in the cold. The problem is most severe in that corner of the market that … Continue reading

Posted in Economics, National Real Estate, New Development | 60 Comments

Bubflation?

From CNBC: Soaring home prices shattered another record in June, S&P Case-Shiller says Home prices rose 18.6% annually in June, up from the 16.8% increase in May, according to the S&P CoreLogic Case-Shiller national home price index. That is the … Continue reading

Posted in Housing Bubble, National Real Estate | 265 Comments