Monthly Archives: December 2022

Why not assumable loans?

From MarketWatch: How people bought homes in the 1980s when mortgage rates were 18% For all the similarities between the 1980s and today, there are key differences. One of them involves “assumable mortgages,” which were plentiful then and are in … Continue reading

Posted in Economics, Mortgages, National Real Estate, Risky Lending | 166 Comments

Too damn high

From Bloomberg: Manhattan renters face sticker shock with average rent at $5,200 Manhattan rents rose 2% in November, dashing hopes that prices would cool and forcing many renters to give up their leases or downsize, according to brokers. The median … Continue reading

Posted in New Jersey Real Estate, NYC | 22 Comments

The new inflation baseline

From the WSJ: Must Inflation Be Brought Down All the Way to 2%? “Why must inflation be around 2%?” is a question that obsessed central bankers back when inflation was stubbornly below their favorite target. It makes more sense to … Continue reading

Posted in Economics, Employment, Mortgages, Politics | 135 Comments


From the NY Post: Here’s how much US home prices will plunge in current market bubble US home prices will likely have to decline by as much as 20% over the course of a multi-year correction before the housing sector … Continue reading

Posted in Economics, Housing Bubble, National Real Estate | 71 Comments

Jobs Day!

From CNN: What to expect from Friday’s jobs report Friday’s closely watched jobs report is expected to show a slowdown in November, with just 200,000 positions added, according to economists polled by Refinitiv.  But while the recent wave of layoffs … Continue reading

Posted in Economics, Employment | 88 Comments