Author Archives: grim

Slow (not) down

Posted on February 19, 2023 by grim

From CNN: Here are the US cities where home prices are actually falling Home prices are going up across the country — in aggregate. Looking at individual markets, however, some are showing prices have fallen from a year ago. Single-family … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate, Price Reduced | 53 Comments

Do you have to pay it back?

Posted on February 17, 2023 by grim

From CNBC: Consumer debt hits record $16.9 trillion as delinquencies also rise Consumer debt hit a fresh record at the end of 2022 while delinquency rates rose for several types of loans, the New York Federal Reserve reported Thursday. Debt … Continue reading →

Posted in Economics, National Real Estate, Risky Lending | 53 Comments

Hottest Markets

Posted on February 15, 2023 by grim

From the US News & World Report: The Hottest Housing Markets in the U.S. Now that the demand for housing is showing renewed signs of life amid lower mortgage rates, declining inflation and a reduced risk of recession, it’s certainly an opportune time to analyze which … Continue reading →

Posted in Demographics, Economics, National Real Estate | 173 Comments

Just the beginning?

Posted on February 13, 2023 by grim

From DSNews: January Foreclosure Filings Up 36% YoY Foreclosure volume continues in America, with year-end totals reaching 31,557, which includes default notices, scheduled auctions, or bank repossessions, a 36% increase compared to the previous year. The numbers reported in January … Continue reading →

Posted in Economics, Housing Bubble, Mortgages, National Real Estate, Risky Lending | 129 Comments

You still can’t afford it

Posted on February 11, 2023 by grim

From Bankrate: Home prices are down — but not enough to ease affordability Home prices are still high. But they’re not rising quite as much. Nearly 90 percent of the country’s metro areas saw single-family home prices rise in the … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 56 Comments

Who needs to buy?

Posted on February 10, 2023 by grim

From NJ1015: Here’s where millionaires choose to rent in New Jersey There are over 100 millionaires that rent in one city in New Jersey. If you’ve been paying any attention at all to real estate and building trends in this … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate, NYC | 96 Comments

Corelogic December Housing Market Data

Posted on February 9, 2023 by grim

From CoreLogic: U.S. Home Price Insights – February 2023 December 2022 National Home Prices Home prices nationwide, including distressed sales, increased year over year by 6.9% in December 2022 compared with December 2021. On a month-over-month basis, home prices declined … Continue reading →

Posted in Economics, Housing Bubble, Housing Recovery, Mortgages, National Real Estate | 87 Comments

Sorry buyers…

Posted on February 8, 2023 by grim

From Bloomberg: Buyers Are Flocking to NYC’s Suburbs. Too Bad There Aren’t Many Homes to Sell. In the midst of the worst US housing slump in a decade, a wave of finance and tech layoffs and drumbeats of a potential recession, … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate, NYC | 103 Comments

30yr fixed dips below 6%

Posted on February 5, 2023 by grim

From Insider: Mortgage rates are falling back near 6%, reopening the housing market for 3 million home buyers, according to Freddie Mac Mortgage rates are falling back near 6%, and that could help reopen the housing market to about 3 … Continue reading →

Posted in Economics, Mortgages, National Real Estate | 132 Comments

Jobs Day!

Posted on February 3, 2023 by grim

From the NYT: January Jobs Report – Pace of U.S. Hiring Expected to Slow Again The government will provide its latest snapshot of the labor market on Friday, and economists expect it to show that January was another month of … Continue reading →

Posted in Economics, Employment, National Real Estate | 149 Comments

Dippitty dip dip

Posted on February 2, 2023 by grim

From Fortune: From US News and World Report: Home Prices Continue to Come Down as Higher Mortgage Rates Bite Home prices continued their downward slide in November, though they remain up year over year, according to the CoreLogic Case-Shiller monthly … Continue reading →

Posted in Housing Bubble, National Real Estate | 111 Comments

Fed Day!

Posted on February 1, 2023 by grim

From Reuters: Fed expected to deliver small rate hike but keep anti-inflation tilt The Federal Reserve is expected to raise its target interest rate by a quarter of a percentage point on Wednesday, setting aside the rapid hikes used last … Continue reading →

Posted in Economics, Mortgages, National Real Estate | 145 Comments

Survivorship bias? Literally.

Posted on January 31, 2023 by grim

From the NY Post: Single women are outpacing men in homeownership All the single ladies … are buying property.  Indeed, a recent study found that single women are outpacing single men in homeownership.  This new trend has come as a … Continue reading →

Posted in Demographics, Economics, National Real Estate | 42 Comments

Sorry West

Posted on January 30, 2023 by grim

From the Washington Examiner: Huge hit to home prices in west in 2023, Goldman warns: Phoenix, SF, Seattle Houses in several overheated cities in the western United States will see massive price declines in 2023, researchers at Goldman Sachs predict. In a report … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate | 79 Comments

Sounds like more of the usual

Posted on January 28, 2023 by grim

From NJ Business: Year-end NJ Housing Data Shows Market Softening Rising interest rates, low inventory, and climbing prices have cooled the housing market in 2022, with closed sales down 17.8% over 2021, according to year-end data reports from New Jersey … Continue reading →

Posted in Economics, Housing Bubble, Mortgages, New Jersey Real Estate | 59 Comments