Category Archives: Economics

This again?

Posted on May 10, 2024 by grim

From Quartz: ‘Fractional home ownership’ wants to fix real estate’s woes. What is it and could it work? There’s more than one way to own a house these days. Sites including real estate startup Pacaso are opening up a new … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 47 Comments

To be honest, there are some signs…

Posted on May 9, 2024 by grim

From Business Insider: Home sellers are facing a summer from hell The past few years were very good to people who decided to sell their homes. The massive relocation shuffle meant most homes hitting the market were the subject of … Continue reading →

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

Northeast the strongest?

Posted on May 8, 2024 by grim

From Fast Company: As the Northeast housing market heats up, Florida’s is cooling down Researchers at John Burns Research and Consulting (JBREC) publicly released the results from their March survey of real estate agents, and it paints an interesting picture. It aligns … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate, New Jersey Real Estate | 73 Comments

Not quite the 70s…

Posted on May 7, 2024 by grim

From Yahoo Finance: Return to the ’70s? Today’s housing market has echoes of dark era. High inflation and a disappointing report on economic growth — followed by a sudden drop in stocks late last month — made for a familiar economic combination. … Continue reading →

Posted in Demographics, Economics, Employment, Mortgages, National Real Estate | 83 Comments

Uh oh.. NJ hits peak-warehouse

Posted on May 5, 2024 by grim

From NJ Spotlight News: Warehouse industry reports point to possible slowdown Recent data from state and industry sources shows a sharp slowing in the number of building permits issued for warehouse construction last year in New Jersey. Those sources also … Continue reading →

Posted in Economics, Employment, New Development, New Jersey Real Estate | 22 Comments

Back Again

Posted on May 1, 2024 by grim

From CNBC: Demand for riskier adjustable-rate mortgages hits highest level of the year, due to rising rates When mortgage rates rise, consumers look for any way to lower their monthly payments, and that often leads them to adjustable-rate mortgages. These … Continue reading →

Posted in Economics, Housing Bubble, Risky Lending | 105 Comments

Oh, hey Austin, you too?

Posted on April 26, 2024 by grim

From Bloomberg: Plunging Home Prices, Fleeing Companies: Austin’s Glow Is Fading Oracle Corp. is moving its headquarters out of the city. Tesla Inc. is pulling back after a rapid expansion. Almost a quarter of commercial office space is vacant, and nowhere in the … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 80 Comments

The first to fall

Posted on April 25, 2024 by grim

From the NY Post: Once the West Coast’s crown jewel, San Francisco’s real estate market is crashing San Francisco, once the crown jewel of the West Coast, is now teetering on the brink of collapse — and it seems like … Continue reading →

Posted in Crisis, Demographics, Economics, Housing Bubble, National Real Estate | 74 Comments

Zillow Home Price Forecast

Posted on April 24, 2024 by grim

From Zillow: Zillow Home Value and Home Sales Forecast (March 2024) Zillow’s home value forecast calls for 1.9% growth over 2024 – slower than long-term norms but a welcome slowdown for first-time buyers compared to the rapid appreciation seen over … Continue reading →

Posted in Demographics, Economics, Housing Bubble, New Jersey Real Estate, NYC | 90 Comments

Sorry about the affording thing

Posted on April 23, 2024 by grim

From CNBC: Luxury real estate prices just hit an all-time record  Real estate is increasingly a tale of two markets — a luxury sector that is booming, and the rest of the market that continues to struggle with higher ratesand low inventory. … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate | 100 Comments

Second fastest in the nation

Posted on April 22, 2024 by grim

From the Star Ledger: Homes in New Jersey sold the fastest in the nation. As the weather heats up so is New Jersey housing market, according to the latest data. Homes in New Jersey sold within a median of 36 … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate, New Jersey Real Estate | 66 Comments

Has the slowdown begun?

Posted on April 19, 2024 by grim

From CNBC: March homes sales dropped despite a surge in supply. Here’s why. Sales of previously owned homes dropped 4.3% in March compared with February, to a seasonally adjusted annualized rate of 4.19 million units, according to the National Association … Continue reading →

Posted in Economics, Housing Bubble, Mortgages, National Real Estate | 97 Comments

Mortgage rates hit 4 month high

Posted on April 18, 2024 by grim

From the Real Deal: Mortgage applications jump as buyers worry about rising rates Mortgage activity increased anyways, suggesting homebuyers and homeowners are concerned rates aren’t done rising. Applications for mortgage purchases and refinancings rose 3.3 percent on a seasonally adjusted … Continue reading →

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

The boomers won’t go

Posted on April 17, 2024 by grim

Hat Tip VSG & Chi – From the WSJ: Boomers Bought Up the Big Homes. Now They’re Not Budging. Baby boomers bought up many of the big homes across the U.S. when they were raising their families. Now they’re staying … Continue reading →

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

Single family as a luxury good

Posted on April 15, 2024 by grim

From Marketplace: Home prices have risen 423% in 40 years, fueling economic discontent  We’ve been dealing with high inflation in this economy over the last several years, with everything from groceries to new vehicles to construction supplies soaring in price. But for one item in particular — houses … Continue reading →

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