Monthly Archives: November 2024

Greedy boomers living too long

From Fortune: The ‘Oracle of Wall Street’ says home prices need to fall 20% to end the ‘generational schism’ Baby boomers own more homes than millennials and Gen Zers, creating a “generational schism” in the world of housing, according to … Continue reading

Posted in Crisis, Demographics, Economics, Housing Bubble, Humor, National Real Estate | 169 Comments

Home Insurance Spiking Across US

From Fast Company: The housing market’s home insurance shock, as told by an interactive map Over the past few years, many housing markets have experienced a home insurance shock. Part of this is due to insurance models reassessing disaster risks, while … Continue reading

Posted in National Real Estate | 68 Comments

Basement Voters Swing Election?

From Fortune: Top real-estate CEO suggests some young people might have voted for Trump because they’re sick of living in their parents’ basements “The young voters who, after years living in their parents’ basement, swung right in this election, will … Continue reading

Posted in Crisis, Demographics, Economics, National Real Estate | 91 Comments

Florida falls first?

From the NY Post: Florida’s crumbling home prices haven’t been this bad since 2011 Florida’s sun-soaked southwestern coast, known for its wealthy enclaves and retirement appeal, is grappling with the steepest home price drops in more than a decade.  From Sarasota’s luxury … Continue reading

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 139 Comments

Seller and Buyer Profiles

From the NAR: Profile of Home Buyers and Sellers 2024 First-time home buyers in the last year shrunk to an historic low of just 24 percent of all buyers. Prior to 2008, the share of first-time buyers had a historical … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate | 55 Comments

No Crash?

From Bankrate: Is the housing market going to crash? What the experts are saying The U.S. housing market had finally started slowing in late 2022, and home prices seemed poised for a correction. But a strange thing happened on the … Continue reading

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 63 Comments

Inventory Up, Prices Up

From NorthJersey.com: North Jersey real estate saw more new home listings, but higher prices, in October New Jersey’s real estate market saw more new home listings and properties staying on the market longer in October, but also increasing home prices. … Continue reading

Posted in Housing Bubble, New Jersey Real Estate | 90 Comments

Fed Cuts!

From CNBC: Federal Reserve cuts interest rates by a quarter point The Federal Reserve approved its second consecutive interest rate cut Thursday, moving at a less aggressive pace than before but continuing its efforts to rightsize monetary policy. In a … Continue reading

Posted in Economics, Housing Bubble, Mortgages, National Real Estate | 17 Comments

Who is better for housing?

From Mansion Global: Housing Was a Factor for About 40% of Early Voters in the U.S. Presidential Election For U.S. adults who voted in the presidential election by Nov. 1, about two in five said the housing market was a … Continue reading

Posted in National Real Estate, Politics | 167 Comments

Make me move

From CNET: Most Homebuyers Won’t Budge Until Mortgage Rates Drop to 4%, CNET Survey Finds A recent CNET survey found that half of US adults say lower mortgage rates would make them realistically consider purchasing a house. If average mortgage rates were … Continue reading

Posted in Economics, Housing Bubble, Mortgages, National Real Estate | 52 Comments

NJ home prices up 552% in 40 years

From Axios: Washington home prices rose more than 800% in 40 years

Posted in Demographics, Economics, Employment, National Real Estate | 48 Comments

Wait and see

From NorthJersey.com: Do presidential elections affect the housing market? Here’s what experts had to say The time surrounding a presidential election is often said to see a slowdown in real estate activity in some markets. Though not by a significant … Continue reading

Posted in Housing Bubble, National Real Estate, Politics | 89 Comments