Category Archives: Economics

NJ market at risk?

Posted on December 10, 2024 by grim

From Newsweek: House Prices Could Fall in Three ‘Vulnerable’ States The housing market is vulnerable to decline in parts of the country with analysis suggesting that prices are more at risk of falling in three specific areas. Real estate experts … Continue reading →

Posted in Demographics, Economics, Employment, Foreclosures, National Real Estate, New Jersey Real Estate | 93 Comments

5 predictions for 2025

Posted on December 9, 2024 by grim

From CNBC: What to watch for in 2025 housing market predictions  Housing is not cheap — whether you’re buying or renting.  In October, the median sales price for a single-family home in the U.S. was $437,300, up from $426,800 a month prior, according to the … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 60 Comments

Forecast down?

Posted on December 6, 2024 by grim

From Seeking Alpha: US home prices expected to fall further than previously forecast, Fannie Mae says U.S. home prices are expected to slow further than previously forecast next year and in 2026, according to Fannie Mae’s (OTCQB:FNMA) latest Home Prices Expectations … Continue reading →

Posted in Demographics, Economics, Housing Bubble, Mortgages, National Real Estate | 71 Comments

Welcome to prediction season!

Posted on December 4, 2024 by grim

From Business Insider: 4 predictions for the US housing market in 2025, according to Zillow Here are four predictions Zillow has for next year’s market. 1. Rising home sales Olsen said the housing market was slowly becoming “unstuck,” a trend … Continue reading →

Posted in Economics, Housing Bubble, Housing Recovery, National Real Estate | 70 Comments

Prices slowing?

Posted on November 27, 2024 by grim

From MarketWatch: Home-price growth has ‘stalled,’ Case-Shiller says  Home prices in the 20 biggest U.S. metropolitan areas lost more steam in September, buckling under the pressure of high mortgage rates and historic unaffordability. The S&P CoreLogic Case-Shiller 20-city house-price index … Continue reading →

Posted in Economics, National Real Estate | 74 Comments

October sales … UP!

Posted on November 22, 2024 by grim

From CNBC: Home sales surged in October, just before mortgage rates jumped A sharp drop in mortgage rates brought homebuyers off the fence in October after a slow summer. Sales of previously owned homes last month rose 3.4% from September … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 128 Comments

Live like Paul Volker

Posted on November 21, 2024 by grim

From the Record: North Jersey home of President Obama’s economic recovery board chair listed for $3.5M Nestled along Park Street, just a few hundred feet from Montclair’s Applegate Farm stands the Tinkham-Volcker house. Listed for sale in early November for … Continue reading →

Posted in Economics, New Jersey Real Estate, North Jersey Real Estate | 99 Comments

Greedy boomers living too long

Posted on November 19, 2024 by grim

From Fortune: The ‘Oracle of Wall Street’ says home prices need to fall 20% to end the ‘generational schism’ Baby boomers own more homes than millennials and Gen Zers, creating a “generational schism” in the world of housing, according to … Continue reading →

Posted in Crisis, Demographics, Economics, Housing Bubble, Humor, National Real Estate | 170 Comments

Basement Voters Swing Election?

Posted on November 15, 2024 by grim

From Fortune: Top real-estate CEO suggests some young people might have voted for Trump because they’re sick of living in their parents’ basements “The young voters who, after years living in their parents’ basement, swung right in this election, will … Continue reading →

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

Florida falls first?

Posted on November 13, 2024 by grim

From the NY Post: Florida’s crumbling home prices haven’t been this bad since 2011 Florida’s sun-soaked southwestern coast, known for its wealthy enclaves and retirement appeal, is grappling with the steepest home price drops in more than a decade.  From Sarasota’s luxury … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 139 Comments

Seller and Buyer Profiles

Posted on November 12, 2024 by grim

From the NAR: Profile of Home Buyers and Sellers 2024 First-time home buyers in the last year shrunk to an historic low of just 24 percent of all buyers. Prior to 2008, the share of first-time buyers had a historical … Continue reading →

Posted in Demographics, Economics, Employment, National Real Estate | 55 Comments

No Crash?

Posted on November 11, 2024 by grim

From Bankrate: Is the housing market going to crash? What the experts are saying The U.S. housing market had finally started slowing in late 2022, and home prices seemed poised for a correction. But a strange thing happened on the … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 63 Comments

Fed Cuts!

Posted on November 7, 2024 by grim

From CNBC: Federal Reserve cuts interest rates by a quarter point The Federal Reserve approved its second consecutive interest rate cut Thursday, moving at a less aggressive pace than before but continuing its efforts to rightsize monetary policy. In a … Continue reading →

Posted in Economics, Housing Bubble, Mortgages, National Real Estate | 17 Comments

Make me move

Posted on November 4, 2024 by grim

From CNET: Most Homebuyers Won’t Budge Until Mortgage Rates Drop to 4%, CNET Survey Finds A recent CNET survey found that half of US adults say lower mortgage rates would make them realistically consider purchasing a house. If average mortgage rates were … Continue reading →

Posted in Economics, Housing Bubble, Mortgages, National Real Estate | 52 Comments

NJ home prices up 552% in 40 years

Posted on November 2, 2024 by grim

From Axios: Washington home prices rose more than 800% in 40 years

Posted in Demographics, Economics, Employment, National Real Estate | 48 Comments