Category Archives: Economics

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

Back to Work

Posted on September 19, 2022 by grim

From CNBC: New York City is getting closer to the tipping point in return to office work Jamie Dimon may have been off by a year, but New York City’s offices are finally starting to fill up. In May 2021, … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate, NYC | 102 Comments

Good time to buy?

Posted on September 18, 2022 by grim

From Fox Business: Redfin predicts sharpest turn in housing market since 2008 crash If you’re looking to buy a home soon, you’re in luck. After two years of record high sales, data shows the housing market is starting to cool down, but … Continue reading →

Posted in Economics, Housing Bubble, Mortgages, National Real Estate | 42 Comments

Recovery

Posted on September 16, 2022 by grim

From NJ1015: Jobs in NJ erase pandemic losses — but here’s how economy changed Employment in New Jersey has finally fully recovered from the losses suffered during the economic shutdowns imposed in the first months of the pandemic, according to … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate | 124 Comments

6%

Posted on September 15, 2022 by grim

From Reuters: U.S. mortgage interest rates top 6% for first time since 2008 The average interest rate on the most popular U.S. home loan rose above 6% for the first time since 2008 and is now more than double the … Continue reading →

Posted in Economics, Housing Bubble, Mortgages | 128 Comments

Hang on to your mortgage

Posted on September 14, 2022 by grim

From CNBC: Inflation rose 0.1% in August even with sharp drop in gas prices Inflation rose more than expected in August as rising shelter and food costs offset a drop in gas prices, the Bureau of Labor Statistics reported Tuesday. … Continue reading →

Posted in Economics, Mortgages, National Real Estate | 56 Comments

Upgrade your house … on Joe

Posted on September 11, 2022 by grim

From CBS News: Biden’s inflation law offers up to $14,000 for home upgrades. Here’s how to qualify. President Biden’s Inflation Reduction Act takes on climate change by helping Americansreduce their carbon footprint. A key element in that push is offering up … Continue reading →

Posted in Economics, National Real Estate, Where's the Beef? | 206 Comments

The power of positive thinking

Posted on September 9, 2022 by grim

From Bloomberg: US Consumers See Home Prices Falling for First Time Since 2020 For the first time in two years, US consumers expect home prices to fall over the next 12 months. An August survey by Fannie Mae found that respondents see … Continue reading →

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

Ain’t gunna happen?

Posted on September 8, 2022 by grim

From the Washington Post: It’s a Housing Slump, Not a Crisis I’m in the process of building a house, so I recently met with the head of a real estate brokerage to discuss selling my current home in about a … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble | 61 Comments

Will services save us from recession?

Posted on September 7, 2022 by grim

From Quartz: The service economy is keeping the US from slipping into a recession As US manufacturing activity slows down, spending on services is keeping the American economy afloat, recent data suggests.  Growth in the services sector accelerated in August … Continue reading →

Posted in Economics, Employment, Housing Bubble, National Real Estate | 68 Comments

Who pops first?

Posted on September 6, 2022 by grim

From MarketWatch: ‘An increasing squeeze on list prices.’ 3 top economists and real estate pros on the housing markets where home prices will drop the most this year Buyers in some markets are already getting — or may soon get … Continue reading →

Posted in Demographics, Economics, Employment, National Real Estate | 128 Comments

Feelin’ hot hot hot

Posted on September 2, 2022 by grim

From CNBC: Afternoon – any initial thoughts about if you need to rearrange resource alignment to accommodate for any changes in the portfolio structure? Job growth in August likely slowed from July’s frenzied pace, but it is still expected to … Continue reading →

Posted in Demographics, Economics, Employment, National Real Estate | 163 Comments

How low will it go?

Posted on August 23, 2022 by grim

From MarketWatch: U.S. house values fell for the first time since 2012, Zillow says. Sellers and buyers are facing a very different housing market to 2020 The housing market isn’t crashing, but it’s definitely feeling the burn. After two frenzied … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 231 Comments

Oh well?

Posted on August 21, 2022 by grim

From Bloomberg: US Mortgage Lenders Are Starting to Go Broke The US mortgage industry is seeing its first lenders go out of business after a sudden spike in lending rates, and the wave of failures that’s coming could be the … Continue reading →

Posted in Economics, Housing Bubble, Mortgages, Risky Lending | 33 Comments

Home sales plunge to two year low

Posted on August 19, 2022 by grim

From CNBC: Home sales fell nearly 6% in July as housing market slides into a recession Sales of previously owned homes fell nearly 6% in July compared with June, according to a monthly report from the National Association of Realtors. … Continue reading →

Posted in Economics, Mortgages, National Real Estate | 62 Comments