From CNBC:
What to watch for in 2025 housing market predictions
Housing is not cheap — whether you’re buying or renting.
In October, the median sales price for a single-family home in the U.S. was $437,300, up from $426,800 a month prior, according to the latest data by the U.S. Census.
Meanwhile, the median rent price in the U.S. was $1,619 in October, roughly flat or up 0.2% from a year ago and down 0.6% from a month prior, according to Redfin, an online real estate brokerage firm.
While it can be difficult to exactly pinpoint how the housing market is going to play out in 2025, several economists lay out predictions of what’s likely to happen next year in a new report by Redfin, an online real estate brokerage firm.
“If the housing market were going to crash, it would have already crashed by now,” said Daryl Fairweather, chief economist at Redfin. “The housing market has been so resilient to interest rates going up as high as they have.”
Here are five housing market predictions for 2025, according to Fairweather and other economists.
…
The median asking price for a home in the U.S. will likely rise 4% over the course of 2025, a pace similar to that of the second half of this year, according to Redfin.
The 4% annual pace is a “normalization” compared to the accelerated growth last seen in 2020, said Fairweather.
…
At a national level, the median asking rent price in the U.S. will likely stay flat over the course of a year in 2025, as new rental inventory becomes available, according to Redfin.
…
Redfin forecasts mortgage rates will average 6.8% in 2025, and hover around the low-6% range if the economy continues to slow.
Yet experts expect 2025 will be a “bumpy” and “volatile” year for mortgage rates.
…
Pent-up demand from buyers and sellers on the sidelines may drive home transactions next year.
“People have waited long enough,” Fairweather said.
…
The risk of extreme weather and natural disasters may anchor down home prices or slow down price growth in areas like coastal Florida, California and parts of Texas, which are at high risk of hurricanes, wildfires or other disasters, Redfin expects.
First
Still no shooter?
Shooter flew away on a drone.
Bruer
https://m.youtube.com/watch?v=CcOIbWq-21Q
4% increase this year in the NJ/NY/CT sphere. It’ll probably be at 4% growth for the next few years with a 30 year rate around 6%. As I’ve said recently, owning a house now isn’t just an asset, it’s a symbol of prestige. It’s what owning a Mercedes and a car phone was in the 70s. Inventory and sales numbers aren’t going to change much either. Why trade one house for the other and give up the 3.5% rate you have now? Paying more per month for the same house? It’s like refinancing your house to pay another $1,000 per month. That ain’t happening.
As for renting, “investors” are scurrying like crazy to get their pods on the market and slapping outlandish monthly asks on the dwellings. Everybody wants tulip bulbs at wild prices until somebody slashes their price and the dominos begin to fall. It’s not an asset for you but ya need a place to live. Ya dig?
Fast: I know I have said it before, but at some point it will crack and collapse , or at least a major corrections. As for our area, lots of old folks in lots of Bergen Co towns, at some point those houses will become available. Meanwhile, no sign of the birth rate increasing.
Grim
Has United offered a reward? If not, why not?
I wonder if I’ve seen this guy. During the WTC cleanup I could see from the company cafeteria a big guy at the pier they were loading the barges with debris. He would have a cigar in his mouth, respirator around his neck, while he pointed a hose up spraying water into the air towards the barge/back of the trucks to knock the dust down. He was always surrounded by dust, like pigpen from the Charlie Brown cartoons.
https://nypost.com/2024/12/08/us-news/number-of-men-with-breast-cancer-near-nycs-ground-zero-skyrockets-now-90-times-national-average/
Just remember, the head of the EPA, Whitman, gave the AOK to be around Ground Zero.
3b,
No collapse, just 4% per year for a few years and then another jump up. I’d be suicidal if I was a 1st time house buyer right now. They’re fucked, unless mom and dad are leaving or giving a nice junk of dough. Or, one acquiesces and moves to a more rural area.
Gary,
Enjoy it while it lasts. It’s only a matter of time before the gig is up.
Fast: We will see, but I just don’t see it continuing long term. Good luck to the people buying now with 600 , 700k or more mortgage balances and 20k in taxes, in every day towns like Paramus, River Edge, Emerson etc.
It’ll all come down to jobs. With the way middle-management is being culled right now, the NE will feel it’s affect on housing.
2 houses are suddenly sitting a lot longer in my neighborhood. And contracts falling through and coming back on market.
I’ll just leave this here:
https://www.dailymail.co.uk/news/article-14171981/Bill-Burr-reveals-chilling-motive-UnitedHealthcare-CEO-Brian-Thompsons-assassination-furious-rant-insurers-Theyre-gangsters.html
Daniel Penny, not guilty.
Why are there protesters? Wouldn’t they want someone stepping up and shielding a loved one?
They nabbed the shooter dude in Altoona, PA.
Shit getting done quickly everywhere.
At this rate, I fully expect the drone mystery to be solved shortly.
We have a good thing going with Biden. Functioning 3 letter agencies.
>> At this rate, I fully expect the drone mystery to be solved shortly.
We have a good thing going with Biden. Functioning 3 letter agencies.
We all know who the president is right now.
whole load of NYC cop cars flying on 80 W. towards PA with lights on. I wonder if they got the guy.
12:15,
You don’t get to pick and choose under who’s administration.
Just like you can’t decide when you win or lose an election.
Could we agree on the basics?
So, if this guy is a “Good American” – which seems to be a popular consensus, should he be let go like Daniel Penny?
Really interesting seeing Yankee fans complain about Soto being “all about the money”.
re: “drone mystery? ”
So far no really good video….
Most of those videos on tick tock are fixed wing aircraft, with their red and green strobe lights on the wings, and solid white light up front. A few others appear to be helicopters.
All the video is fuzzy especially when taken with a cell phone camera.
I would think one of the local news stations has already setup a nice 4K HDR ENG camera to film overnight. 27x zoom camera used by news crews, auto tracking and low level light capabilities.
Then there are no reports I can find from flight crews either.. Lots of planes taking off and landing at Newark and Teterboro etc.
Found some video of one of the drones.
https://m.youtube.com/watch?v=e5GCUtA2GQQ&pp=ygUjSHVudGVyLUtpbGxlciBBZXJpYWwgV2VhcG9ucyBTeXN0ZW0%3D
Chi – Yankee’s bid $760 million over 16 years…
Either way Mets or Yankees he would to play into his 40s…
Jeter was 39 when he retired and played the longest set for them a record at 20 seasons…
Another Scott Boras’ megadeals, like Arod did…he can opt out after year five to actually go play for a winning team..
People are drone crazy at this point, anything in the sky flying is a drone now.
I don’t doubt that folks are flying unregistered drones with no transponders, etc. Maybe even some really large ones. What gets a bid weird is who exactly has the $20-$50k laying around for one of these beasts and is dumb enough to go joyriding with it?
I’m sure you can probably import one of these beasts from China without much work, but they are expensive as hell.
Rentlord
I think it depends on why he did it. If he lost a child, sibling, significant other due to denied or delayed care, I’d have trouble finding him guilty of 1st degree. If it was cause he’d been fired or lost money on the stock then guilty of 1st degree.
There are 500 small planes taking off or landing each day at Teterboro, and another 1200 at Newark of the larger jets. They change the flight patterns all the time. There are plenty of other aircraft just passing thru as well.
It’s very busy airspace… What was it a few years ago the blimp was mistaken as a UFO too?
Like I said high res video or shoot one down…
Maybe a hobbyist with a DJI Flycart 30
It’s massive….
https://www.youtube.com/watch?v=0IV3DUFLLRI
Seems the guy they picked up is an ex ivy leaguer who liked quotes of the unabomber on his good reads account.
Luigi Mangione is the person if interest.
Twitter is still up.
https://linktr.ee/lnmangione
Most popular man in America right now.
Ex
If he turns out to be a unabomber fanboy I suspect his popularity ratings will drop.
He has an xray in his twitter bio four long screws in his spine?
Perhaps it was a beef with United Health.
https://x.com/PepMangione/with_replies?lang=en
Here’s a better picture of the shooter.
https://en.wikipedia.org/wiki/Luigi#/media/File:Luigi_by_Shigehisa_Nakaue.png
CNN says: “The man also had a two-page document railing against the health care industry and suggesting violence is the answer.”
The Unabomber’s premise was that technology had led to the destruction of nature and the suppression of human freedom, and that humans should return to a more natural way of life:
Technology is harmful
The Unabomber, Ted Kaczynski, believed that the Industrial Revolution led to a harmful process of natural destruction. He argued that technology had forced humans to adapt to machinery, which created a sociopolitical order that suppressed human freedom and potential.
Humans should return to nature
The Unabomber believed that humans should return to what he called “wild nature”. He argued that this included an end to all scientific research.
Society is controlled by the wrong people
The Unabomber claimed that the current organization of society gives “politicians, corporation executives and remote, anonymous technicians and bureaucrats” control over people’s lives.
Violence is justified
The Unabomber justified his murderous campaign on the grounds that it would get his message before the public.
Summary: Industrial Society & Its Future (The Unabomber …
Kaczynski’s manifesto, Industrial Society and Its Future, was published in The New York Times and the Washington Post in 1995. He was arrested seven months later and sentenced to four life sentences plus 30 years. Kaczynski died by suicide in his cell in 2023 at the age of 81.
It’s interesting that the Las Vegas mass murderer Stephen Paddock never left a manifesto. One of the biggest unsolved mystery… maybe just pure evil.
Daniel Penny set free, on all counts.
Allan Bragg going after him for jaywalking.
I shared the most likely cause of Paddock’s spree. I knew of him and probably spoke with him a number of times as we played the same advantage video poker plays. Chances are, he went on a gambling bender that bankrupted him. For whatever reason, he took it out on the public, which is cowardice. There are interesting laws around those gaming accounts that casinos keep. The courts can only subpoena the amount of 10K or more transactions and can not find out wins or losses without the player’s permission. Stephen was shot on the scene. I knew of his wife too, she was a drink server in Reno.
Sticker shock to the boomers in Florida
https://www.nbcnewyork.com/news/business/money-report/a-florida-condo-cliff-is-coming-as-owners-deal-with-fallout-from-2021-surfside-collapse/6053987/
I meant to say, the courts did find out he took out 160K in the weeks before the incidident. But they also know he wired a lot of it to his girlfriend in Reno.
Never thought of that Lib.
But then he was worth millions, so would be surprising if he lost it all suddenly.
I never gamble(d) or bought a lottery ticket in my life, so I and don’t get it.
“Ivy League” hitman with a million dollar smile. Sure to be a folk hero.
The Healthcare CEO‘s killer is probably a hero to Alvin Bragg. Bragg might give him the key to the city. We live in strange times where up is down, down is up, and men can have babies. Anything is possible in NYC except justice.
A 2 page manifesto? Weak. Sad. What, did he have a bot write it for him?
Predictions for New Jersey. Continued sky high taxes, feeding “blue ribbon schools”, with mediocre administrators and veteran teachers awaiting their Tier 1 retirements.
75 cents of every tax dollar will eventually go toward servicing pensions.
Weak? that guy pulled off one of the best crimes in history. Who cares if he can write or not?
Hold my beer says:
December 9, 2024 at 4:29 pm
A 2 page manifesto? Weak. Sad. What, did he have a bot write it for him?
The Unabomber justified his murderous campaign on the grounds that it would get his message before the public.
he overestimated their intelligence.
Phoenix
A radical with a 2 page manifesto is like a k pop star only knowing one dance move.
taking out the CEO of united healthcare maybe only one dance move, but it’s a hell of a good one. You have to give credit or credit is due.
Bill Joy wrote a powerful article in Wired magazine about the unabomber.
very good read
5:37 Biden pardons him. Power move.
Sky high taxes don’t feed blue ribbon schools, they go straight to the abbotts.
This man’s grandson is a murderer.
https://m.youtube.com/watch?v=DXws71bEbFc&pp=ygUOQ2h1Y2sgbWFuZ2lvbmU%3D
10:26
In his valedictory speech, Luigi Mangione described his classmates’ “incredible courage to explore the unknown and try new things,” according to a post on the school website. He praised their collective inventiveness and pioneering mindset.
Mangione comes from a prominent Maryland family. His grandfather Nick Mangione, who died in 2008, was a successful real estate developer. One of his best-known projects was Turf Valley Resort, a sprawling luxury retreat and conference center outside Baltimore that he purchased in 1978. The father of 10 children, Nick Mangione prepared his five sons — including Luigi Mangione’s father, Louis Mangione — to help manage the family business, according to a 2003 Washington Post report.
The Mangione family also purchased Hayfields Country Club north of Baltimore in 1986. On Monday, Baltimore County police officers blocked off an entrance to the property, which public records link to Luigi Mangione’s parents. A swarm of reporters and photographers gathered outside the entrance.
Luigi Mangione is one of 37 grandchildren of Nick Mangione, according to his obituary. Luigi Mangione’s grandparents donated to charities through the Mangione Family Foundation, according to a statement from Loyola University commemorating Nick Mangione’s wife’s death in 2023. They donated to various causes ranging from Catholic organizations to colleges and the arts.
Cont’d
One of Luigi Mangione’s cousins is Republican Maryland state legislator Nino Mangione. A spokesman for the lawmaker’s office confirmed the relationship Monday.
Mangione had learned to code in high school and helped start a club at Penn for people interested in gaming and game design, according to a 2018 story in Penn Today, a campus publication.
Officials said he had no prior arrest history in New York and they didn’t believe he has an arrest record anywhere in the country.
Kenny revealed Mangione was arrested Monday with a “ghost gun,” a type of firearm that can be produced on a 3D printer, allowing the weapon to go undetected and remain unregistered.
Officials from the NYPD and the New York District Attorney’s Office were headed to Pennsylvania to question Mangione. Altoona, Pennsylvania, is about 233 miles west of New York City.
Kenny confirmed that Mangione was arrested based on a tip from an employee at the McDonald’s where he was eating.
Officers questioned Mangione, who was acting suspiciously and carrying multiple fraudulent IDs, as well as a U.S. passport, Tisch said. Mangione was carrying a firearm and officers found a suppressor, “both consistent with the weapon used in the murder,” the commissioner said.
They also found a handwritten three-page document suggesting that Mangione had “ill will toward corporate America,” Kenny said.
Police said they believe, at this time, that Mangione worked alone and was not a danger to others based on the document found when he was arrested.
His online posts also suggest that he belonged to the fraternity Phi Kappa Psi. They also show him taking part in a 2019 program at Stanford University, and in photos with family and friends in Hawaii, San Diego, Puerto Rico, the New Jersey shore and other destinations.
He’d have gotten away with it if it wasn’t for those pesky kids.
Shrooms and narcotics for back pain….
Copied from Twitter below….
Luigi Mangione’s recently had back surgery and after just cut off all contact with his family/friends. They reported him missing months ago. A roommate in Hawaii said his back pain was really bad, stopped him from doing all activities. The roommate said Mangione’s back issues were so “traumatic and difficult” that one basic surfing lesson left him bed-ridden for a week.” Don’t underestimate the impact of chronic pain on somebody’s life. Mix in pain killers and hallucinogenic drugs….he went off the rails, and deserves no sympathy there are children who lost their father because one person went crazy,,,too bad he was not chocked out n a subway car, he was just as dangerous.