Author Archives: grim

Feeling peaky…

Posted on August 4, 2025 by grim

From Calculated Risk: Inflation Adjusted House Prices 2.0% Below 2022 Peak It has been 19 years since the housing bubble peak, ancient history for many readers! In the May Case-Shiller house price index released yesterday, the seasonally adjusted National Index (SA), was … Continue reading →

Posted in Crisis, Economics, Housing Bubble, National Real Estate | 62 Comments

It’s better here…

Posted on August 2, 2025 by grim

From Axios: Tale of two countries: Home prices rise in one half of U.S., fall in the othe Real estate prices are all about “location, location, location,” and right now that’s particularly true — in half the country home prices are still going … Continue reading →

Posted in Demographics, Economics, Employment, General, National Real Estate | 72 Comments

Jobs Day!

Posted on August 1, 2025 by grim

From Yahoo Finance: July jobs report expected to show hiring slowed while unemployment rate ticked higher The July jobs report is expected to show hiring slowed during the month while the unemployment rate moved higher. The data’s release will come … Continue reading →

Posted in Demographics, Economics, Employment, National Real Estate | 96 Comments

Someone can still afford to buy

Posted on July 31, 2025 by grim

From Newsweek: China Buys Up Property in America’s Hottest Housing Market The New Hampshire city at the center of a recent controversy surrounding a Chinese company’s local real estate purchase, Nashua, has been named the hottest housing market in the country. … Continue reading →

Posted in National Real Estate, New Development, Politics | 49 Comments

Bright spot or bad sign?

Posted on July 30, 2025 by grim

My money is on these being flips. From Redfin: Starter-Home Sales Rose 4% in June, a Bright Spot in a Sluggish Housing Market Sales of starter homes rose 3.9% year over year in June to the highest level in two … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate | 100 Comments

Nobody left to build houses?

Posted on July 29, 2025 by grim

From CBS News: Trump’s immigration crackdown causing labor shortages to California’s construction industry, builder says: “They’re hiding” One construction site in Los Angeles has just about everything needed to build a traditional family home. Everything, that is, except enough workers.  … Continue reading →

Posted in Demographics, Employment, National Real Estate, New Development | 83 Comments

Housing inventory increases

Posted on July 28, 2025 by grim

From NJ.com: N.J. sees jump in new home listings. See full list.  More homes hit New Jersey’s housing market last month compared to the same time last year, according to the latest figures from Realtor.com. A total of 10,004 homes … Continue reading →

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

Ready for the epic market crash?

Posted on July 26, 2025 by grim

From Kiplinger: No Capital Gains Tax on Home Sales Coming Soon? What You Need to Know In recent years, more people across the United States are triggering capital gains taxes when they sell their primary homes. This is happening even … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate, Politics | 100 Comments

Sales down, prices up, northeast slows

Posted on July 24, 2025 by grim

From the NAR: Home Sales Drop in June to Their Lowest Level in 9 Months as Prices Hit New All-Time High Sales of previously owned homes dropped in June, marking a slow start to summer for the housing market as affordability … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 137 Comments

Buyers walking..

Posted on July 23, 2025 by grim

From Redfin: 1 in 7 Pending Home Sales Fell Through Last Month, The Highest June Level on Record Just over 57,000 home-sale agreements nationwide were canceled in June, equal to 14.9% of homes that went under contract that month. That’s … Continue reading →

Posted in Crisis, Demographics, Economics, Employment, Housing Bubble, National Real Estate | 107 Comments

Some Jersey home prices to fall by end of summer?

Posted on July 22, 2025 by grim

From NJ.com: Your N.J. home might be worth less by the end of summer. See full list.  Most home values across the state will decrease by September, according to the latest housing forecast by Zillow. An analysis of 547 ZIP … Continue reading →

Posted in Demographics, Economics, Housing Bubble, New Jersey Real Estate | 112 Comments

“All I do is cough and choke…from the iron filings and the sulphur smoke…in Pittsburgh, Lord God, Pittsburgh”

Posted on July 19, 2025 by grim

From CBS News: Pittsburgh is the only U.S. city where it’s cheaper to buy a home than rent, report says Pittsburgh is the only city where it’s cheaper to buy a home than rent, according to a new report.  Realtor.com … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 120 Comments

Bye Bye New Buyers

Posted on July 18, 2025 by grim

From Markets Insider: The number of first-time homebuyers is plummeting. Why that’s bad news for the US economy. Economists are always watching the housing market as a barometer for the health of the broader economy, and some see trouble ahead if first-time … Continue reading →

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

Flying off the shelf

Posted on July 17, 2025 by grim

From NJ.com: N.J. real estate 2025: Homes selling faster than most states New Jersey homes sold in over a month, according to the latest Realtor.com data. At a median of 37 days, New Jersey tied with Wisconsin, Illinois, Ohio, and Michigan for … Continue reading →

Posted in Economics, Housing Bubble, New Jersey Real Estate | 106 Comments

Mortgage rates aren’t going down anytime soon

Posted on July 16, 2025 by grim

From the AP: The tariff-driven inflation that economists feared begins to emerge Inflation rose last month to its highest level since February as President Donald Trump’s sweeping tariffs push up the cost of everything from groceries and clothes to furniture and appliances.  … Continue reading →

Posted in Economics, Mortgages, National Real Estate | 96 Comments