From CoreLogic:
US Home Price Insights – March 2025
Home price growth remains largely flat in the U.S. as we come out of winter. Although prices are expected to eek out gains in the coming year, there are stark differences between regions.
The Northeast continues to buck overall national trends, remaining unbothered by slower job growth, elevated interest rates, and ongoing affordability concerns.
Meanwhile, in the Mountain West, prices are the furthest from their record highs. In Hawaii, prices declined by 4.4%.
Despite this, national single-family home prices are forecast to reach a new peak in March 2025. Currently, the median sales price for all single-family homes in the U.S. is $375,000.
Frist
New York workers’ return to office ignites deal hopes in battered real estate market
https://finance.yahoo.com/news/york-workers-return-office-ignites-110851180.html
Trump’s Policies Have Shaken a Once-Solid Economic Outlook:
Economic forecasts have deteriorated in recent weeks, reflecting the upheaval from federal layoffs, tariff moves and immigration roundups.
March 7, 2025, 5:04 a.m. ET
President Trump inherited an economy that was, by most conventional measures, firing on all cylinders. Wages, consumer spending and corporate profits were rising. Unemployment was low. The inflation rate, though higher than normal, was falling.
Just weeks into Mr. Trump’s term, the outlook is gloomier. Measures of business and consumer confidence have plunged. The stock market has been on a roller-coaster ride. Layoffs are picking up, according to some data. And forecasters are cutting their estimates for economic growth this year, with some even predicting that the U.S. gross domestic product could shrink in the first quarter.
1st sane guy
Interesting thing about Connecticut RE above… I rode up I-95 a month ago to Bass Pro Shops. Ya gotta go there! Bridgeport has been a bit ratty for years and like most beat up areas with train and commute access, it will gentrify. What’s the deal with Paterson? It’s in an ideal spot. When will that turn? Or, is it? I digress.
So, Bridgeport doesn’t surprise me nor does New Haven, another area that is turning. Hartford and especially West Hartford was an area I said for years is underrated. Yeah, it’s a distance from Boston (Baastin) and New York (New Yawk) but housing was a steal even after the pandemic. That ship has sailed now. I like the area just outside of Manchester, CT… good shopping, a New England feel, etc.
The NY/NJ/CT area is a world of it’s own regarding RE. It may sag but not crash relative to the rest of the U.S.
Stable countries don’t need crypto stockpiles
https://finance.yahoo.com/news/trump-creates-bitcoin-reserve-ahead-of-white-house-crypto-summit-090057235.html
“The Northeast continues to buck overall national trends, “
Yep, everyone wants to be in liberal, progressive Northeast.
Nobody wants to live in southern Maga territories. NJ Maga will never move to Oklahoma, Mississippi, Tennessee, etc, etc
“ We are just a few months away from being told why recession is good actually.”
Trump blamed Biden for Starship’s failure yesterday afternoon.
Stop f*cking complaining about prices already. From the Rolling Stone:
TREASURY SECRETARY: ‘ACCESS TO CHEAP GOODS ISN’T THE ESSENCE OF THE AMERICAN DREAM’
If Republicans’ crusade to fire tens of thousands of federal employees, raise prices through an ill-advised trade war, gut Medicaid and other social services, and generally make things more difficult for working class Americans wasn’t enough, they would also like you to stop being such a baby about it.
On Thursday, Treasury Secretary Scott Bessent defended President Donald Trump’s decision to implement steep tariffs against Canada and Mexico, which economists and retailers warn could severely spike prices for consumer goods.
“Access to cheap goods is not the essence of the American dream,” Bessent told the Economic Club of New York. “The American Dream is rooted in the concept that any citizen can achieve prosperity, upward mobility, and economic security. For too long, the designers of multilateral trade deals have lost sight of this.”
True prosperity apparently means paying a higher grocery bill to support the president’s ego trips against our own regional allies.
Don’t be jealous of the rich, they earned it. That is un American. Capitalism rules, baby!
A top executive defrauded his company millions of dollars that was meant to help sick and injured babies to fund his lavish lifestyle.
John Hunter Raines embezzled a total of $6.7 million over 59 transactions between January 2022 through October 2023, spending the cash on private jets, limousines and gambling debt.
The money was from the Virginia Birth-Related Neurological Injury Compensation Program, designed to support the families of children born with lifelong conditions and medical defects.
In addition to hiring private jets to ferry himself, his wife and friends around, Raines, 38, spent thousands on luxury golf carts, vehicles and cryptocurrency.
At least $29,000 was paid ‘to an intimate partner’, while tens of thousands of dollars was sent to his wife’s bank account.
Consensus estimate on jobs is 160k.
Who has got over, who has got under?
Will that account for DOGE cuts or is that further down the line?
I just mention this…
Egg Prices… went from $2.50 a dozen in Jan 2024 – $4.90 a dozen by the time Biden left office. It’s an egg-spiracy..they culled all the chickens!!
BTW It’s true what I said months ago..
Elon says he could have retrieved the two stranded Astronauts sooner, and NASA says NO. They were told to stand down until after the inauguration. Any idea who was the leader over there @ NASA? VP Harris who was running for President!
Biden and Harris left those two astronauts to rot at the ISS. They had no clean underwear. Do you have any idea how impossible it is do laundry in Zero Gravity?
https://www.yahoo.com/news/elon-musk-offer-bring-home-113700682.html
DOGE cuts @ estimated to be 170,000 as of this week depending on which “news” source you believe.
Jobs
Non-event
No damage noted.
I would add YET
I’m always amused at how all these people on the take somehow or another get it written off as “lost it gambling”. Do they just take them at their word on that?
151k, below estimates.
UE ticks up to 4.1%
grim says:
March 7, 2025 at 7:19 am
“Trump blamed Biden for Starship’s failure yesterday afternoon.”
Can you link to that? I know he blamed SlowJoe for leaving them up there too long, but where did he blame Joe for the launch failure?
Do you mean DOGE team has not fired the Commissioner of the U.S. Bureau of Labor Statistics yet?
Sec Treas. Bessent on Squawk Box this morning, extended interview. He answered a lot of questions. He also said Zelensky said he would sign the deal in Kyiv. Then Z said he’ll sign in Munich. Then Z said he’ll sign in DC. Well, security guarantee was the motive the whole time. So, they tossed him out of the WH. The dude was playing games. It isn’t politics here, he was fucking around and the WH said, enough. Goodbye.
Inflation? We haven’t seen anything yet.
From Monday, Beijing will impose on top of existing tariffs an additional 10-15 percent on several US farm products.
US chicken, wheat, corn and cotton will be levied the higher charge while soybeans, sorghum, pork, beef, aquatic products, fruit, vegetables and dairy will be subject to the slightly lower rate.
What you quote is implied in all their communication.
Very Stable Genius says:
March 7, 2025 at 7:01 am
“ We are just a few months away from being told why recession is good actually.”
Why would Ukraine sign the minerals deal without guarantees.
You realize this is not a peace deal, right?
Text of the minerals deal.
Not a cease fire, not a peace deal.
https://kyivindependent.com/exclusive-the-full-text-of-the-final-us-ukraine-mineral-agreement/
Grim – It was always a carrot…..
Now comes the stick…
Another analysis…
What minerals???
https://time.com/7265153/us-ukraine-minerals-deal-case-against/
I’m relaying the message. I understood it as the proceeds from any sales would enter into a fund to rebuild. However anyone sees it, then fine. Plan B, C, D and E now go into effect. To try something is 100 times better than doing nothing. Disagree with it? Fine. To do nothing at all? That’s the democrats playbook. Holding auction paddles up, wearing pink, banging on a drum and singing off key is what the left has become. You have two years and then four years to vote it all back in.
BTW – for the record the Ukraine minerals deal was proposed by Zelensky in Sept 2024 to the Biden Admin.
As I say there has been no new funding. They wanted another $100 Billion or so before Trump took office.
Meanwhile in Poland time for “Drop your c*cks and grab your socks.”
https://www.dailymotion.com/video/x42t2up
The Polish prime minister has said the government is preparing to introduce “military training” for all adult males in the country and that the initiative should be ready “by the end of the year”.
“He said: “We are preparing large-scale military training for every adult man in Poland. Our goal is to finalize the plan by year’s end to ensure a well-trained reserve force ready for potential threats.”
Anything that Trump says needs to be assumed to be a lie first.
Biden did not soil the astronauts’ asses. Fact check: https://www.newsweek.com/donald-trump-joe-biden-abandon-astronauts-fact-check-2022675
But more importantly, one should ask if it is good for America for the sitting president to keep blaming the previous administration. And then you need to ask if it is right for the stupid MAGA to rally on anything this liar says.
Don’t answer.. ask yourself. Look in the mirror.
This morning was really good Bloomberg Radio.
– What is coming 1st, the STAG or the FLATION in Stagflation. Expect 10yrs Bond to rise slowly ~6% to compensate with the implied inflation with tariffs and unknown labor cost issues, decline of illegal immigrant workers not showing up yet in number. Do they cancel out increase in unemployment cashed by DOGExcrement?
-(Actually from yesterday) Consumer’s Wariness is higher than the 2009 Crisis, Pandemic and even 1990’s Saving & Loan Crisis.
-Global Investors pulling out of US as opportunities beckons in Europe with government spending increases, China with DeepSeek, Alibaba and alikes as the US AGI story faulted along with signs of kleptocracy. This feeding decline of USD and increase in EUR and JPY.
-The whipsawing schizophrenic drug addled decision making is killing small and medium business ability to decide.
Here we go. Dictatorship straight ahead.
https://x.com/ruthbenghiat/status/1898021041101754831
Ruth Ben-Ghiat@ruthbenghiat
Americans, Trump is apparently now considering the invocation of the Insurrection Act. He has asked Hegseth & Noem to weigh in on the issue. Autocrats use such measures to speed power consolidation, repress protests and demonstrate force to the world
So when you get to the Atlantic, dont bother turning right, just keep going straight.
https://www.bloomberg.com/news/articles/2025-03-06/trump-s-tariffs-prompt-canadian-fuel-tankers-to-head-to-europe
Grim / Pumps, are you heading over for some training?
unusual_whales @unusual_whales
BREAKING: Polish Prime Minister Tusk has announced plans for large-scale military training for all adult men and expanding the army from 200,000 to 500,000 troops amid rising security threats in Europe.
The worst part about Juice is that he knows better but still pushes bad-faith arguments just to score cheap points. He’s smart enough to know the egg argument is not as he presents it, but he’d rather advance blatant scapegoating than have an honest discussion. Borderline sealioning.
Clearly, we are not the average electorate, who is your audience? Are you courting Gary?
Juice Box ran afoul of my radar a long time ago.
Dangerous in the sense that “he” sounds reasonable until you realize he’s just a more articulate scum bag.
BREAKING NEWS!
UPDATED FRI, MAR 7 2025
11:42 AM EST
Dow drops 300 points Friday as disappointing jobs report caps brutal week for markets:
Live updates
Alex Harring
Brian Evans
4,819 Americans gave up their citizenship in 2024.
Showing a 48% increase on 2023, where only 3,260 cases were recorded.
There was a rush of 2,123 expatriations in the 3 months leading up to the election in November 2024 – the highest number reported for 4 and a half years.
The swell mirrors the same increase in expatriations when US President Donald Trump won the election in 2016.
The U.S. Department of State estimates there are 9 million U.S. expats. Over the last 4 years there have been fairly constant levels of Americans renouncing – the three months leading up to the 2024 election has shown a significant increase in the number of Americans overseas giving up their citizenship.
Clearly, we are not the average electorate…
You can say that again!
re: “Juice Box ran afoul of my radar a long time ago.”
It was my privilege and honor Mam….
The German Post Office (the Bundespost) announced that they are eliminating 8,000 positions. Are the Germans channeling their inner Trump?
I’m just happy I started ignoring you before it was “cool”.
BREAKING NEWS!
NASDAQ 100 FALLS 10% FROM RECORD HIGH, SET TO ENTER CORRECTION
The guys who promised you lower costs on “day one” are now preparing you for a recession.
The scam of the century.
I was talking to a guy this morning who was let go after 18 years at his company. He is seriously considering moving abroad – some place where he can continue his passion of fishing (among other things).
People ditching America is the new “white flight”.
Here’s an interesting take on the “Gold Card” .. what if americans gave up their citizenship to an immigrant for $5Million?
https://imgur.com/gallery/RwUZkQS
I apologize. It is awful to say this.
However, I fucking love this!!!!
The Trump administration is canceling roughly $400 million in federal grants and contracts to Columbia University, the government said Friday.
If it helps at all, a good number of Jews have big thick cocks.
Irish guys have wee willie’s.
Phoenix would have the greatest amount of anecdotal evidence.
LAX says:
March 7, 2025 at 11:18 am
Juice Box ran afoul of my radar a long time ago.
Dangerous in the sense that “he” sounds reasonable until you realize he’s just a more articulate scum bag.
Alabama receives a total of about $2.6 billion in revenue from the U.S. Department of Education for K-12 schools and colleges, according to an AL.com analysis of the most recent federal data.
https://www.al.com/educationlab/2025/03/prepare-for-disruption-alabama-leader-warns-of-department-of-education-closure.html
The truth is though, Trump does not have the necessary 60 votes to close DOE. But he can cripple it to the point of a dysfunctional unit. That would probably be worse, because it will leave state educational institutions in a limbo. They wouldn’t be able to make some key decisions in the near term… and the dust (lawsuits) will take a long time to settle.
It’s not like any of this should be news to Trump or the new folks. They still went ahead with this chaos. So, what does that say about their intent. Smell anything fishy?
1:14 – you may not like Columbia, I may not Alabama… but this is exactly how divide-and-conquer works. That’s how Hitler got approval for his actions. The blue states would love defunding of red issues and vice versa.
If it was our previous generation, they would be marching on the streets demanding Cheeto’s resignation instead of squabbling on the internet.
I think it’s more punitive than that. Columbia allowed Pro-Palestine protesters to run amouk.
1:21 I concur….(sample of one….)
School Districts around here are already cutting jobs. I’m funded for next year with what is called Prop 28 money. I love where I am and have been asked back. One wrinkle. The wife is in the final interview today for a very big job in NorCal. We shall see.
Interesting times
Nice to see contributions from a few sane posters; otherwise non-stop chattering from the ‘Losers for Carmella’ club this morning. Disappointing that the group of blue-state screwballs like Unstable, Flab and Rant, now includes TDS’d Grim.
By the way, a few tidbits for the dopes touting Joe’s ‘great’ economy…
– Joe loved spending other people’s money; he left taxpayers with $36T national debt
– he wrecked the once-reliable BLS in order to deliberately report phony/inflated employment numbers; if I’m not mistaken every monthly employment number was revised down in 24 (and the largest-ever one-time down revision occurred as well)
– he goosed the stats w/ massive government hiring; you duds understand the difference between taxpayer-funded jobs and private sector jobs, right?
I understand that billionaires don’t next tax cuts on the backs of what is left of the middle class.
A little humor today perhaps, in honor of our President
https://youtu.be/aTGDlljjgEc?t=13
Small, How much longer will Joe be your President?
I know right?! Brings up Biden every day. Dude lives in his head rent free. Trump is in control now. Whatever happens going forward YOU own….GOPers/
“Recessions lower inflation in the same way dying lowers your blood pressure.”
Wow. Memories. I had a three month tryst with this girl in college. She was Puerto Rican and Irish, originally from East Harlem. Yeah… dark honey eyes and cappuccino skin… very AOC-ish. Hot! ;) Normally, I don’t bring this stuff up but I think we listened to every Steely Dan song in between “it” all. I have her picture still. I’ll bring her to the next GTG as proof. ;) I actually saw her standing at a concession stand at a Giants game years later. She looked the same. I didn’t approach her.
https://www.rollingstone.com/music/music-lists/steely-dan-songs-ranked-1235271289/negative-girl-1235276054/
Remember it’s only a Recession if your neighbor loses their job.
If you lose your job, it’s a Depression.
Republicans always drive the economy into recession. It’s the only thing they do well.
Fast Eddie,
Did you mention AOC? Man, sure is getting warm in here. I‘m starting to sweat.
AOC was the smarter democrat for boycotting the speech altogether and hosting her own party on bluesky.
Trump bullying Elizabeth Warren was an all time low.
LAX says:
March 7, 2025 at 2:33 pm
“Brings up Biden every day.”
Which reminds me, someone please tell Unstable that Joe is responsible for the high egg prices. He’s the dope that decimated this country’s egg layers.
“egg layers” hahahaha
Chickens? Time for your nap old man.
A shocking new report is blaming the nationwide egg crisis not on bird flu, but on ‘greedy’ companies that upped their prices long before an outbreak.
Among them is a single egg producer from Mississippi, which has made billions from egg sales since 2023.
According to the new report by Food & Water Watch, the company — Cal-Maine — jacked up its prices even before it was hit by the avian flu outbreak in December 2023.
The company sold 7 percent more eggs in its 2022-23 financial year than in 2021-2022.
But because it upped prices and pocketed an extra $1 off every dozen sold, its profits jumped sevenfold to $1.2 billion that year, the report says.
‘Cal-Maine fleeced $1 billion in additional profits from its customers — mainly retailers, who often pass along price spikes to families,’ says the report.
‘Cal-Maine’s shareholders especially benefited. The company’s stock is roughly three times as valuable today as it was at the start of the bird flu outbreak.’
This casts an unflattering light on the firm’s $1.1 million-a-year CEO, Sherman Miller, who has been with Cal-Maine since 1996, and its board chairman Adolphus Baker.
I guy I play golf with once in a while was a big wig at AOC’s modeling agency back in the day. Says she has one of the three best racks he’s ever seen.
This one hits home
https://finance.yahoo.com/news/trump-says-hes-ending-public-service-loan-forgiveness-for-nonprofits-involved-with-improper-activities-212520977.html
I volunteer for some non profits that provide legal, temporary housing and other assistance to low income victims of domestic crime. These are folks who often are immigrants in abusive relationships. The 503c s often have student volunteers. Most often the students are well off and provide translation services and other help. This will intimidate students from doing good volunteer work.
It is heart breaking that this president wants to do everything he can to hurt the poorest of the poor.
There is another news where the very definition of “fraud” is being rewritten in legal language so that legitimate work is classified as “fraud” and “waste”. To what end?
There are outliers everywhere, but this to me is heartbreaking.
Hughsrep,
I don’t doubt it for one bit. The girl was blessed with every curve every man dreams about.
If we had a national opt out list for junk mail, Trump could fire half the post office
He tried dismantling the postal service last time. Like everything else it was all talk and ended up making the service bad.
It’s hot that AOC can go after corrupt rich billionaires. She has a flair for it.
Thanks King Trump…Just fueled up with good ole regular American gasoline. $2.71 a gallon.
TY King Trump – Price drops in electronics. It’s a better time to buy a TV or a computer now than when Biden was President…
Thanks King Trump…Just fueled up with good ole regular American gasoline. $2.71 a gallon.
$2.61 in Mahwah, bro! Thank you, Czar Trump!
MAGA minute for you folks.
https://x.com/MarioNawfal/status/1898200750364201406
>> Melania Trump led a child safety roundtable, pushing the Take It Down Act to combat deepfake exploitation.
The last time the GOP held a conference, the Grindr app crashed. Remember that?
Maga Minute now…
All Social Media is controlled by King Trump…
Trump’s Press Secretary:
https://www.instagram.com/reel/DG4sy7futHz/?igsh=NTc4MTIwNjQ2YQ==
I think Leavitt is dumb as a brick, but that’s not her.
Most charming NJ town
https://www.app.com/story/news/local/new-jersey/2025/03/06/lambertville-hgtv-most-charming-small-towns-2025/81571206007/
It’s so charming, it’s almost in Pennsylvania.
I don’t lurk here much anymore, so forgive me if you guys have already covered this, but I think this is kind of a big deal
https://www.wsj.com/opinion/bidens-mortgage-relief-fuels-higher-housing-prices-policy-loans-risk-cb0a1974
In case you can’t get behind the pay wall, here’s a video summary of the article
https://youtu.be/iKdtyDnGM-o?si=vp_7vpT8FnfZxZ0V
Yup the new subprime… FHA.
Also note there were just 9 FHA foreclosures last year…
D-FENS, I will tell you what is a bigger deal. Investors and hedge funds buying up single family homes.
Investors bought a record 24% of new homes jacking up prices.
https://www.redfin.com/news/investor-home-purchases-q4-2023/
Also, the govt insures FHA loan, but it is still up to the private mortgage company to qualify and service the loan.
With prices so high, a FHA loan borrower could just sell and walk away… now.
And it is not a “current” issue. Potential issue yes. Wallstreet Journal is pandering to its investor class.
Lambertville is significantly less charming and upkept than its across the river neighbor. As soon as you leave the immediate Bridge street vicinity you can tell it’s not the same kind of money as across the river in Bucks.
I can’t understand why they do that. It’ must be a terrible investment.
RentL0rd says:
March 8, 2025 at 11:11 am
D-FENS, I will tell you what is a bigger deal. Investors and hedge funds buying up single family homes.
Investors bought a record 24% of new homes jacking up prices.
Agreed Boomer Remover. In my view both sides are overrated.
Back to the WSJ report bashing Biden…. It’s not a a secret that the hedge funds buying properties is a bigger issue and the “Biden’s FHA” is NOT (yet atleast) a problem. So, is WSJ pandering to Trump to not lose their seat at the WH press conferences? I smell something stinky.
Now imagine what is happening to the freedom of press. There’s nobody to talk about it but us.
The entire Mercer Bucks border is like that. Big money in Princeton Hopewell and Pennington. Crappy homes. Newtown Yardley are 5 times nicer and cheaper
WTF are you talking about? You are warping out of orbit Capt Kirk.
RentL0rd says:
March 8, 2025 at 2:09 p
Back to the WSJ report bashing Biden…. It’s not a a secret that the hedge funds buying properties is a bigger issue and the “Biden’s FHA” is NOT (yet atleast) a problem. So, is WSJ pandering to Trump to not lose their seat at the WH press conferences? I smell something stinky.
Now imagine what is happening to the freedom of press. There’s nobody to talk about it but us.
Lord: You are bordering on becoming the new Pumps
You people treated pumpkin terribly.
Some folks like to get away
Take a holiday from the neighborhood
Hop a flight to Miami Beach
Or to Hollywood
But I’m taking a Greyhound
On the Hudson River Line
I’m in a New York state of mind
I’ve seen all the movie stars
In their fancy cars and their limousines
Been high in the Rockies under the evergreens
But I know what I’m needing
And I don’t want to waste more time
I’m in a New York state of mind
It was so easy living day by day
Out of touch with the rhythm and blues
But now I need a little give and take
The New York Times, The Daily News
It comes down to reality
And it’s fine with me ’cause I’ve let it slide
Don’t care if it’s Chinatown or on Riverside
I don’t have any reasons
I’ve left them all behind
I’m in a New York state of mind
It was so easy living day by day
Out of touch with the rhythm and blues
But now I need a little give and take
The New York Times, The Daily News
It comes down to reality
And it’s fine with me ’cause I’ve let it slide
Don’t care if it’s Chinatown or on Riverside
I don’t have any reasons
I’ve left them all behind
I’m in a New York state of mind
I’m just taking a Greyhound on the Hudson River Line
‘Cause I’m in a New York state of mind
DNC, Everything I said is based on facts. I am putting 2 and 2 together. Why is that so hard for your pea brain to comprehend?
The Polish prime minister has said the government is preparing to introduce “military training” for all adult males in the country and that the initiative should be ready “by the end of the year”.
The Poles must be worried about Ukraine starting a war with them too.