Category Archives: Housing Bubble

Dying? Already dead.

Posted on February 21, 2024 by grim

From Fast Company: How the starter home became a dying American dream When 26-year old Memphis resident DeMario Johnson returns to his home after working a long day servicing waterwells for the local utility in Raleigh, North Carolina, he doesn’t … Continue reading →

Posted in Crisis, Demographics, Economics, Housing Bubble, National Real Estate | 93 Comments

Sold out, come back again later.

Posted on February 19, 2024 by grim

From NJ.com: New listings of homes for sale plummeted 10% or more in these 7 N.J. counties. See latest prices. More than half of New Jersey counties saw fewer homes hit the real estate market in January with seven counties … Continue reading →

Posted in Economics, Housing Bubble, New Jersey Real Estate | 8 Comments

Oh boy, now they did it…

Posted on February 16, 2024 by grim

From Business Insider: The myth of the housing bubble Almost as soon as home prices began their unprecedented climb in 2020, doomsayers began warning of a looming crisis. The housing market, they claimed, was a bubble destined to burst. A … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 42 Comments

Mortgage see-saw takes it’s toll

Posted on February 15, 2024 by grim

From CNBC: Mortgage rates surge higher again, causing homebuyers to pull back After a brief reprieve in December and January, mortgage rates are moving higher again, and that is taking its toll on mortgage demand. Total mortgage application volume fell 2.3% … Continue reading →

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

Priced out of Monmouth

Posted on February 12, 2024 by grim

From the APP: Monmouth County median home prices start the new year by rising over the $800K mark The median home in Monmouth County listed for $808,750 in January, up 2.5% from the previous month’s $789,000, an analysis of data from Realtor.com … Continue reading →

Posted in Housing Bubble, New Jersey Real Estate, Shore Real Estate | 57 Comments

Jersey Shore Timeshares

Posted on February 7, 2024 by grim

Sorry, this one is behind the paywall, but I couldn’t help but post it. From the Philadelphia Business Journal: With Jersey Shore home prices soaring, owners are now selling fractions of their houses With skyrocketing home prices and rental rates … Continue reading →

Posted in Crisis, Housing Bubble, New Jersey Real Estate | 127 Comments

Short refi window closes

Posted on February 6, 2024 by grim

From CNBC: Mortgage rates jump back over 7% as stronger economic data rolls in The average rate on the popular 30-year fixed mortgage crossed over 7% on Monday for the first time since December, hitting 7.04%, according to Mortgage News Daily. … Continue reading →

Posted in Demographics, Economics, Housing Bubble, Mortgages, National Real Estate | 111 Comments

Sorry Texas

Posted on February 5, 2024 by grim

… Louisiana, and Mississippi.

Posted in Economics, Housing Bubble, National Real Estate | 78 Comments

January a mixed bag for NJ real estate

Posted on February 3, 2024 by grim

From NorthJersey.com: Real estate snapshot: Did North Jersey home prices increase in January? In January, New Jersey’s real estate market saw both positive and negative trends for potential homebuyers. Just about half of New Jersey’s 21 counties saw an increase … Continue reading →

Posted in Economics, Housing Bubble, New Jersey Real Estate | 38 Comments

Finally slowing?

Posted on February 2, 2024 by grim

From CNBC: Home prices began to cool in November after nine straight months of gains, S&P Case-Shiller says Home prices in November fell 0.2% from October, according to the S&P CoreLogic Case-Shiller national home price index. While that may not … Continue reading →

Posted in Demographics, Economics, Housing Bubble, Mortgages, National Real Estate | 124 Comments

Uh oh…

Posted on January 31, 2024 by grim

From NJ.com: New listings of home sales spiked 72% in this N.J. county. Latest rankings by county.

Posted in Economics, Housing Bubble, New Jersey Real Estate | 78 Comments

Blame taxes for the inventory?

Posted on January 30, 2024 by grim

From CNN: Boomers are not moving out of their big homes. Here’s why After 33 years and four children, Baby Boomers Marta and Octavian Dragos say they feel trapped in what was once their dream home in El Cerrito, California. … Continue reading →

Posted in Demographics, Economics, Housing Bubble, Politics, Property Taxes | 94 Comments

Zillow: Up, up, and away!

Posted on January 28, 2024 by grim

From Fortune: Zillow just raised its home price forecast, seeing a 3.7% jump in 2024, and it’s all because of ‘external factors’ Just as things had started looking up for the U.S. housing market, with mortgage rates dropping modestly, on Thursday Zillow revised … Continue reading →

Posted in Housing Bubble, National Real Estate | 59 Comments

#hodlforever

Posted on January 25, 2024 by grim

About time the rest of the industry noted the behavioral trend that we were one of first to identify and discuss. 2) Mortgage lock-in, and this is one of the major trends I’m looking at in the near future. Should … Continue reading →

Posted in Crisis, Economics, Housing Bubble, Mortgages | 59 Comments

Fairest lawn of all

Posted on January 24, 2024 by grim

From NJ.com: Bidding war results in suburban N.J. home selling for $115K over the asking price A house in Fair Lawn was priced to sell – and it sure did. For more than $100,000 over the asking price.

Posted in Housing Bubble, New Jersey Real Estate | 75 Comments