Category Archives: Housing Bubble

Sounds like more of the usual

From NJ Business: Year-end NJ Housing Data Shows Market Softening Rising interest rates, low inventory, and climbing prices have cooled the housing market in 2022, with closed sales down 17.8% over 2021, according to year-end data reports from New Jersey … Continue reading

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

Hey 2010!

From Reuters: U.S. home sales slump to 12-year low; glimmers of hope emerging U.S. existing home sales plunged to a 12-year low in December, but declining mortgage rates raised cautious optimism that the embattled housing market could be close to … Continue reading

Posted in Demographics, Economics, Housing Bubble, Mortgages, National Real Estate | 90 Comments

Thorough, in-depth, housing forecast from smart Harvard guy.

From the NY Post: Why US home prices will fall another 10 percent, according to Harvard economist Pain across the US housing market that began last year is likely just getting started if interest rates remain high, star economist Ken … Continue reading

Posted in Economics, Housing Bubble, Mortgages, National Real Estate | 134 Comments

That’s it??

From Fortune: Up from here? The free-fall in housing market activity just concluded, says Capital Economics Not only did spiking mortgage rates prompt the Pandemic Housing Boom to fizzle out in the summer of 2022, they also pushed housing market transactions into … Continue reading

Posted in Economics, Housing Bubble, National Real Estate | 108 Comments

Helping with the mortgage

From Yahoo Finance: Housing expert: ‘Sellers are absolutely having to negotiate’ Housing expert: ‘Sellers are absolutely having to negotiate’ It’s the same housing story across the U.S., according to real estate agents in three U.S. cities. Sellers are offering more … Continue reading

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

Confidence improves … a little

From CNBC: Consumer confidence in housing finally rises, thanks to falling home prices Mortgage rates are still twice what they were a year ago, but home prices have been falling since June, and that’s finally making consumers feel better about … Continue reading

Posted in Economics, Housing Bubble, National Real Estate | 99 Comments

Manhattan prices dip

From Bloomberg: Manhattan Home Prices Slip 5.5% in First Decline Since Mid-2020 Manhattan’s homebuying market weakened at the end of last year, but didn’t foreshadow a deep freeze heading into 2023. Co-ops and condos traded for a median of $1.1 million in … Continue reading

Posted in Housing Bubble, NYC | 130 Comments

Home price gains continue to slow

From the WSJ: Home Prices Fell in October for Fourth Straight Month’ Home prices declined in October from the previous month as higher mortgage interest rates continued to weigh on home-buying demand. The S&P CoreLogic Case-Shiller National Home Price Index, which measures … Continue reading

Posted in Economics, Housing Bubble, Mortgages, National Real Estate | 208 Comments

Sales Plunge in November

From Reuters: U.S. existing home sales fall for 10th straight month in November U.S. existing home sales slumped to a 2-1/2 year low in November as the housing market continued to be squeezed by higher mortgage rates. Existing home sales … Continue reading

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate | 120 Comments

Chasing the Market

From Mansion Global: Inventory in New York City Rose in November, as Did Price Cuts After nearly three topsy-turvy years, the real estate market in New York City has started to look more like pre-pandemic times, according to a Tuesday … Continue reading

Posted in Housing Bubble, NYC | 115 Comments

Flipper profits falling fast

From CNBC: Home flipping profits drop at the fastest pace in over a decade As the housing market cools quickly, house flippers are finding it harder to make fast profits. In the third quarter, gross flipping profit, which is the … Continue reading

Posted in Housing Bubble, National Real Estate | 130 Comments

At least you can enjoy the weather

On behalf of the snow, from the LA Times: As home prices decline, Southern Californians who bought at the peak are nervous  Surging mortgage interest rates threatened to squash Michael and Christine Hawkins’ dream of home ownership. But this fall … Continue reading

Posted in Housing Bubble, National Real Estate | 100 Comments

More inventory? Nah.

From Fox Business: Housing turnover will drop to lowest rate since the 80s, economist projects Home sale activity next year may reach the lowest point since the early 1980s as households buying or selling real estate retreat from the market, predicts Redfin … Continue reading

Posted in Housing Bubble, National Real Estate | 16 Comments

Kaboom?

From the NY Post: Here’s how much US home prices will plunge in current market bubble US home prices will likely have to decline by as much as 20% over the course of a multi-year correction before the housing sector … Continue reading

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

October sucked, ignore the price changes

From CNN: US home sales fall for 9th month in a row in October Home sales in the United States declined for the ninth month in a row in October as surging mortgage rates and high prices pushed buyers out … Continue reading

Posted in Economics, Housing Bubble, National Real Estate | 28 Comments