Category Archives: Economics

Will investors dump real estate?

From Newsweek: Price Correction ‘Worse Than 2008’ Coming To US Housing Market—Analyst The only transactions that continued happening in the U.S. market at volume this spring and summer, she said, were for higher-priced homes. “You have this bifurcated housing market, … Continue reading

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 49 Comments

The New L.A.

From NJ1015: New Jersey’s film industry revival is changing the real estate game With all three film studio partners in place — Lionsgate, Netflix and Paramount — and three separate production facilities being built, New Jersey has cemented its return … Continue reading

Posted in Economics, New Jersey Real Estate | 89 Comments

Costs a little more to be rich now

From Redfin: U.S. Luxury Home Prices Jump 5.5% in October, Triple the Pace of Non-Luxury Homes U.S. luxury home sale prices rose 5.5% year over year to a median $1.28 million, a record high for the month of October. Luxury … Continue reading

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 67 Comments

It’s a buyer’s market…if you are rich

From CNBC: Housing numbers point to an unusually strong buyer’s market. There’s a catch This is the strongest buyer’s market in housing in more than a decade.  That’s the headline on a new report from Redfin, a real estate brokerage … Continue reading

Posted in Demographics, Economics, Employment, Housing Bubble | 92 Comments

Going to Pittsburgh

From Fox News: This is the most affordable city in the US Realtor.com economists determined in a recent report that Pittsburgh is the lowest-priced large housing market in the U.S. In October, the median listing price of a home in … Continue reading

Posted in Demographics, Economics, National Real Estate | 140 Comments

Sounds Rosy

From the Realtors: NAR Predicts Double-Digit Growth in Home Sales in 2026 With Prices Rising 4% The U.S. housing market will finally turn the corner in 2026, with a double-digit increase in home sales supporting a 4% increase in home prices, … Continue reading

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

The 50y mortgage in one chart

From Sherwood, hat tip Ritholtz:

Posted in Demographics, Economics, Housing Bubble, Mortgages, Risky Lending | 47 Comments

No problems, nothing to see here

From Mortgage Orb: Foreclosure Starts, REOs Continued to Rise in October There were 25,129 foreclosure starts nationwide in October, an increase of 6% compared with September and up 20% compared with October 2024, according to ATTOM’s U.S. Foreclosure Market Report. States … Continue reading

Posted in Economics, Employment, Foreclosures, Mortgages, National Real Estate | 81 Comments

NYers can’t afford Mamdani’s City.

From Fox News: New Yorkers hunt for homes outside the city as living costs soar High taxes, surging rents and the overall increase in cost-of-living expenses are causing some New Yorkers to search for a new home outside the Big … Continue reading

Posted in Demographics, Economics, Employment, Unrest | 133 Comments

No Bubble?

From MarketWatch: Home prices are overinflated in many parts of the U.S. Are we in a housing bubble? Many housing markets in the U.S. are way overvalued, but don’t mistake the current environment for a housing bubble, economists say. Home … Continue reading

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 51 Comments

It’s better here

From MPA: Inventory surge cools US home prices, but Northeast markets stay strong: Cotality Home prices across the United States continued to lose steam in September as inventory reached its highest level since 2019, according to new data from Cotality. … Continue reading

Posted in Demographics, Economics, National Real Estate, New Jersey Real Estate | 77 Comments

No Fresh Meat

From MSN: America’s first-time homebuyers are disappearing. That’s bad news for real estate. By the time she turned 40, Suzie Payne had resigned herself to the fact that she would never be able to buy a home. While her friends spent … Continue reading

Posted in Crisis, Demographics, Economics, National Real Estate | 153 Comments

Hollowing Out

From Fortune: Both subprime and super prime loans are on the rise, signs of a K-shaped economy that is a ‘prescription for real trouble’ The share of consumers taking out the riskiest form of loans has reached its highest peak … Continue reading

Posted in Demographics, Economics, Employment, Housing Bubble, Mortgages, National Real Estate, Risky Lending | 131 Comments

Will Amazon layoffs crash the Washington market?

From KIRO: Amazon layoff announcement affecting real estate market The real estate market is already starting to feel the impact of the massive layoffs at Amazon as some homeowners and buyers begin scrambling to deal with the fallout. KIRO 7 … Continue reading

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

Top?

From Tap: Are We Nearing the Top of Home Prices in Northern New Jersey? In August, the data showed more homes for sale in Northern New Jersey than we had in both 2023 and 2024. The trend was following the … Continue reading

Posted in Demographics, Economics, Housing Bubble, Mortgages, New Jersey Real Estate | 105 Comments