Monthly Archives: November 2022

Nobody positive about NJ housing

Posted on November 7, 2022 by grim

From NJ1015: As interest rates rise, the NJ real estate market’s new twist Interest rates have already been raised several times this year by the Federal Reserve but what’s expected to be another big hike on Wednesday will push the … Continue reading →

Posted in Economics, Mortgages, New Jersey Real Estate | 51 Comments

“People are in wait-and-see mode, because the numbers don’t work out” 

Posted on November 5, 2022 by grim

From the NYT: The Housing Market Is Worse Than You Think Everyone is feeling the squeeze. “Mortgage rates are sky high, prices are sky high, and there’s no inventory,” said Mark Zandi, the chief economist at Moody’s Analytics. “This may … Continue reading →

Posted in Economics, Housing Bubble, Mortgages, National Real Estate | 26 Comments

Fed Hates Housing

Posted on November 3, 2022 by grim

From Forbes: Fed Chair Calls Housing Market “Very Overheated” Jerome Powell said he viewed the U.S. housing market as “very overheated” after the pandemic, and believes supply and demand need to get back into balance.  Powell spoke at a press … Continue reading →

Posted in Economics, Housing Bubble, Mortgages, National Real Estate | 214 Comments

Word of the day: Reshoring

Posted on November 2, 2022 by grim

From FreightWaves: North America’s reshoring of the global supply chain With manufacturing and labor markets on the decline with North America’s traditional partners in Asia — and with trade with Russia collapsing — North America is in prime position to … Continue reading →

Posted in Economics, Employment, National Real Estate | 75 Comments

Ready … Set … HIKE!

Posted on November 1, 2022 by grim

From CNBC: Another interest rate hike from the Federal Reserve is on the way: Here’s how it may affect you This week, the Federal Reserve will likely raise rates for the sixth consecutive time to combat inflation, which is still running at … Continue reading →

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