Category Archives: Housing Bubble

NJ poised to fall?

From Patch: NJ Most ‘Vulnerable’ Housing Market In The Nation: Report When much of the economy shut down because of COVID-19, the good times rolled for many home sellers in New Jersey. But the state’s strong housing market appears headed … Continue reading

Posted in Housing Bubble, National Real Estate | 125 Comments

Different this time?

From Business Insider: The Great Recession misled millennials: It made them think high home prices will eventually come down History often repeats itself — but when it comes to the current housing market, don’t hold your breath.  If you were … Continue reading

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 155 Comments

Sorry, you missed the top

From Fortune: The housing market just slid into a full-blown correction, says top economist Mark Zandi Moody’s Analytics chief economist Mark Zandi is ready to call it. He tells Fortune that we’ve officially moved from a housing boom into a “housing correction.” The … Continue reading

Posted in Economics, Housing Bubble, New Jersey Real Estate | 21 Comments

At the top now?

From CNBC: Home listings suddenly jump as sellers worry they may miss out on the red-hot housing market Sharply higher mortgage rates have caused a sudden pullback in home sales, and now sellers are rushing to get in before the … Continue reading

Posted in Housing Bubble, Mortgages, National Real Estate | 119 Comments

Nothing to worry about here

From Forbes: The odds of a home price decline hitting your local housing market, as told by one interactive chart While the swift move up in mortgage rates is undoubtedly putting downward pressure on the housing market, it doesn’t mean home … Continue reading

Posted in Housing Bubble, New Jersey Real Estate | 124 Comments

If you have to ask…

From Fortune: Another housing bubble? ‘We’re skating close to one,’ says Realtor.com economist This might be the hottest housing market ever recorded. Over the past 12 months, U.S. home prices are up a staggering 19.2%. For comparison, in the years leading into the 2008 … Continue reading

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate | 79 Comments

Welcome to 2007

From Forbes: The housing market just hit a level not seen since 2007 The financial sting of soaring home prices—up 32.6% over the past two years—was lessened, to a degree, by historically low mortgage rates during the pandemic. Even as … Continue reading

Posted in Economics, Housing Bubble, Mortgages | 173 Comments

The B-Word

From CBS News: Federal Reserve issues warning over “brewing U.S. housing bubble” Homebuyers have faced a tough choice during the pandemic: Swallow rapid price increases and forgo typical steps like house inspections, or risk getting left out of the real estate … Continue reading

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 158 Comments

Uh Oh Time Yet?

From Marketwatch: ‘The housing market is in the early stages of a substantial downshift’: Home sales may drop 25% by the end of summer, according to this analyst The popular spring home-buying season is just ramping up. But one analyst … Continue reading

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

Top?

From Yahoo Finance: Sales of U.S. Previously Owned Homes Decline to a Six-Month Low Sales of previously owned U.S. homes fell in February by more than forecast to a six-month low as a limited supply of properties and high prices … Continue reading

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate | 188 Comments

No limit to home prices?

From Reuters: U.S. house prices to rise another 10% this year U.S. house prices are set to climb in double digits this year even as the Federal Reserve embarks on its expected series of interest rate hikes, according to a … Continue reading

Posted in Economics, Housing Bubble, National Real Estate | 171 Comments

To the moon

From Fortune: What home prices will look like in 2023, according to Fannie Mae Homebuyers just got more bad news: In January, 70% of homes for sale ended up in a bidding war. That’s the highest rate on record. Simply put: So … Continue reading

Posted in Housing Bubble, National Real Estate | 175 Comments

Welcome Back

From CNN: Home prices skyrocketed last year. Two regions saw the biggest increases Home prices rose 18.8% in 2021, according to the S&P CoreLogic Case-Shiller US National Home Price Index, the biggest increase in 34 years of data and substantially … Continue reading

Posted in Economics, Housing Bubble, Housing Recovery, National Real Estate | 218 Comments

Experts offer milquetoast predictions, nothing you didn’t already know.

This is all you’ve got? Talk about bold predictions. From MarketWatch: ‘Home price growth may return to normalcy.’ 5 economists and real estate pros predict what will happen in the housing market in 2022 Prediction 1: Mortgage rates will rise … Continue reading

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 143 Comments

Really Zillow?

From Fortune: Zillow: Our 2022 housing forecast is way off—home prices now set to spike 16% Homebuyers got crushed last year as home prices soared at their highest clip on record. Housing economists saw that price growth—which peaked at a year-over-year rate … Continue reading

Posted in Economics, Housing Bubble, National Real Estate | 46 Comments