Author Archives: grim

Hellooo 7 point o

Posted on October 8, 2022 by grim

From CNBC: Unemployment rate falls to 3.5% in September, payrolls rise by 263,000 as job market stays strong Job growth fell just short of expectations in September and the unemployment rate declined despite efforts by the Federal Reserve to slow … Continue reading →

Posted in Demographics, Economics, Employment, National Real Estate | 41 Comments

Jobs Day!

Posted on October 7, 2022 by grim

From CNBC: Friday’s jobs report could be a case where good news isn’t really good Investors are closely watching the nonfarm payrolls report due out Friday, but not for the usual reasons. In normal times, strong job gains and rising … Continue reading →

Posted in Economics, Employment, National Real Estate | 84 Comments

Corelogic’s Losers

Posted on October 6, 2022 by grim

From Money.com: 5 Cities Where Home Prices Are Most Likely to Fall Next Year It’s been quite a turnaround for the once-hot housing market: Home prices are already falling in many cities, and there’s more where that came from. New data from real … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 59 Comments

The Realtors Said What?

Posted on October 5, 2022 by grim

From the NAR: Buckle Up: Home Prices Are Expected To Fall by a Lot—Even If There Isn’t a Recession The U.S. Federal Reserve has completely upended the housing market, taking it from turbocharged to rapid deceleration. The effects of the Fed’s … Continue reading →

Posted in Housing Bubble, Mortgages, National Real Estate | 44 Comments

Correction or Crash?

Posted on October 3, 2022 by grim

From Bloomberg: US Home Prices Now Posting Biggest Monthly Drops Since 2009 Median home prices fell 0.98% in August from a month earlier, following a 1.05% drop in July, Black Knight Inc. said in a report Monday. The two periods … Continue reading →

Posted in Housing Bubble, National Real Estate | 111 Comments

Where o’ where will housing crash?

Posted on September 30, 2022 by grim

From Marketwatch: Most economists see the U.S. turning into a buyer’s housing market in 2023. Here’s where you’ll see the biggest declines in value. Frustrated by the housing market? Housing experts say they’re expecting the market to tip back into … Continue reading →

Posted in Housing Bubble, National Real Estate | 133 Comments

So much for the mortgage industry

Posted on September 29, 2022 by grim

From CNBC: Mortgage refinancing drops to a 22-year low as interest rates surge even higher Mortgage rates drove even higher last week after the Federal Reserve signaled it would continue its aggressive action to cool inflation. That, and rising uncertainty … Continue reading →

Posted in Economics, Mortgages, National Real Estate | 78 Comments

Poof

Posted on September 28, 2022 by grim

From CNBC: Home prices cooled in July at the fastest rate in the history of S&P Case-Shiller Index U.S. home prices cooled in July at the fastest rate in the history of the S&P CoreLogic Case-Shiller Index, according to a … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate | 69 Comments

“More remote work leads to higher house prices and rents”

Posted on September 27, 2022 by grim

From Bloomberg: Remote Work Drove Over 60% of House-Price Surge, Fed Study Finds The shift to working from home drove more than half of the increase in house and rent prices during the pandemic and will likely drive up costs … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate | 86 Comments

The starter home may never exist again

Posted on September 26, 2022 by grim

From the NYT: Whatever Happened to the Starter Home? As recently as the 1990s, when Jason Nageli started off, the home-building industry was still constructing what real-estate ads would brightly call the “starter home.” In the Denver area, he sold … Continue reading →

Posted in Demographics, Economics, National Real Estate | 50 Comments

Foreclosures coming?

Posted on September 25, 2022 by grim

From Patch: NJ Housing Market Troubles Loom As Foreclosures Surge: Reports With inflation still high, foreclosures nearing pre-pandemic levels and a recession potentially looming, new analysis warns that New Jersey has some of the nation’s most vulnerable housing markets. Meanwhile, … Continue reading →

Posted in Economics, Foreclosures, Mortgages, New Jersey Real Estate | 18 Comments

UK brings out the big guns to fight recession

Posted on September 23, 2022 by grim

From CNBC: UK government dishes out extensive tax cuts as country braces for recession The measures include: Cancellation of a planned rise in corporation tax to 25%, keeping it at 19%, the lowest rate in the G-20. A reversal in … Continue reading →

Posted in Economics, Politics | 99 Comments

Not going to get better any time soon

Posted on September 22, 2022 by grim

From CNN: Home sales dropped 20% in August from a year ago Home sales declined for the seventh month in a row in August as higher mortgage rates and stubbornly high prices pushed prospective buyers out of the market. Sales of existing … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 96 Comments

Decision Day

Posted on September 21, 2022 by grim

From CNBC: Fed expected to hike rates by three-quarters of a point again, but its forecast may matter most It’s not what the Federal Reserve does, but what it says it could do in the future that will be most … Continue reading →

Posted in Economics, Mortgages, National Real Estate | 122 Comments

Why sell?

Posted on September 20, 2022 by grim

From the Wall Street Journal: In a Slowing Housing Market, Sellers Ask: Why List a Home When You Can Collect Rent? After Mark and Melissa Reichert moved from California to Dallas, the couple put their home in the Los Angeles … Continue reading →

Posted in Economics, National Real Estate | 112 Comments