Monthly Archives: January 2023

Confidence improves … a little

Posted on January 10, 2023 by grim

From CNBC: Consumer confidence in housing finally rises, thanks to falling home prices Mortgage rates are still twice what they were a year ago, but home prices have been falling since June, and that’s finally making consumers feel better about … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 99 Comments

Not even that hot…

Posted on January 7, 2023 by grim

From Insider: The most honest man in real estate thinks the housing market isn’t going to crash Miller is a polymath: he has guided Floridians through understanding how Miami could adjust and profit off of the influx of New York-based buyers in … Continue reading →

Posted in Economics, National Real Estate, NYC | 87 Comments

Jobs Day!

Posted on January 6, 2023 by grim

From the NYT: U.S. Labor Market Expected to Slow The Labor Department’s latest reading on nationwide employment is due at 8:30 a.m. Eastern time on Friday. Forecasters expect the report to show that payrolls grew by about 200,000 in December, … Continue reading →

Posted in Economics, Employment, National Real Estate | 123 Comments

NJ beats the US Avg.

Posted on January 5, 2023 by grim

From the Philly Fed: State Coincident Indexes – November 2022 The Federal Reserve Bank of Philadelphia has released the coincident indexes for the 50 states for November 2022. Over the past three months, the indexes increased in 35 states, decreased … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate | 164 Comments

Manhattan prices dip

Posted on January 4, 2023 by grim

From Bloomberg: Manhattan Home Prices Slip 5.5% in First Decline Since Mid-2020 Manhattan’s homebuying market weakened at the end of last year, but didn’t foreshadow a deep freeze heading into 2023. Co-ops and condos traded for a median of $1.1 million in … Continue reading →

Posted in Housing Bubble, NYC | 130 Comments

Canada blocks foreigner home purchases

Posted on January 3, 2023 by grim

From CNN: Canada is banning some foreigners from buying property after home prices surged Canada in 2023 is closing its doors to foreign investors who want to purchase homes. A new Canadian law took effect January 1 that essentially bans foreign buyers … Continue reading →

Posted in Politics | 62 Comments