Monthly Archives: November 2023

Golden Handcuffs

Posted on November 8, 2023 by grim

From the Philly Inquirer: How the ‘lock-in effect’ is helping shape today’s housing market Why? the supply of homes, as measured by homes for sale, is way down. It looks like we will end 2023 with inventory shrinking between 10% … Continue reading →

Posted in Economics, Housing Bubble, Mortgages, National Real Estate | 77 Comments

End of the Realtors?

Posted on November 6, 2023 by grim

From CNN: After a $1.8 billion verdict, the clock is ticking on the 6% real estate commission Using a travel agent to buy a plane ticket or a stockbroker to trade equities seem like relics of the past. And yet, every … Continue reading →

Posted in National Real Estate, Unrest | 93 Comments

No end to price increases?

Posted on November 4, 2023 by grim

From Zillow: Home prices could spike nearly 5% in 2024: Zillow Anticipating mortgage rates to remain elevated and new home listings to slightly rise in the coming months, some experts predict home prices would increase 4.9% from August 2023 through … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 68 Comments

S&P Case Shiller: Prices up 2.6% YOY in August

Posted on November 3, 2023 by grim

From CNN: US home prices rose in August for the seventh straight month US home prices continued to rise in August, hitting a new record high and marking the seventh consecutive month of increases. Even as mortgage rates topped 7% in August, historically low inventory continued … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 61 Comments

Done?

Posted on November 2, 2023 by grim

From CNN: Markets rise after Federal Reserve hits pause again on rate hikes US markets soared higher Wednesday, rebounding after a dismal October and three straight months of losses. The Dow rose by 221 points, or 0.7%, in Wednesday trading. … Continue reading →

Posted in Economics, Mortgages, National Real Estate | 86 Comments