Category Archives: Housing Bubble

Maybe in 2025?

Posted on December 4, 2023 by grim

From Fast Company: U.S. home prices to hold firm in 2024 even if a mild recession hits, Fannie Mae says Fannie Mae economists expect U.S. economic growth to decelerate, leading to a mild recession in 2024, according to the latest forecast … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate | 95 Comments

Uh Oh

Posted on December 1, 2023 by grim

From CNBC: Pending home sales drop to a record low, even worse than during the financial crisis Pending home sales, a measure of signed contracts on existing homes, dropped 1.5% in October from September. They hit the lowest level since … Continue reading →

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

NYC Metro sees strong price increase in September

Posted on November 30, 2023 by grim

From MarketWatch: Home prices continued ascent in September despite soaring mortgage rates: Case-Shiller Home prices showed no signs of slowing in September despite the record-high mortgage rates that rendered housing unaffordable for many Americans, according to the latest S&P CoreLogic Case-Shiller … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 37 Comments

Three’s Company is cool again

Posted on November 27, 2023 by grim

From CNBC: Gen Z, millennials are ‘house hacking’ to become homeowners in a tough market. How the strategy can help Gen Z and millennials are “hacking” the housing market as high prices and interest rates make affordability difficult. The term “house hacking” refers … Continue reading →

Posted in Crisis, Demographics, Housing Bubble, National Real Estate | 30 Comments

Return to normal in the spring?

Posted on November 26, 2023 by grim

From HousingWire: What will lower mortgage rates do to spring housing inventory? Lower mortgage rates tend to take housing supply off the market and demand has been picking up lately as rates have fallen. However, the recent drop in housing … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 10 Comments

Will real estate end 2024 lower?

Posted on November 25, 2023 by grim

From Business Insider: Home prices are poised to drop as the frozen housing market thaws, 2 top experts say House prices may be headed lower, dealing a blow to sellers but providing relief to buyers, two experts say. “The only … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 27 Comments

Tippy Top?

Posted on November 22, 2023 by grim

From CNBC: Home sales fell to a 13-year low in October as prices rose Sales of previously owned homes were 4.1% lower in October compared with September, running at a seasonally adjusted annualized rate of 3.79 million units, according to … Continue reading →

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

Somebody’s not happy

Posted on November 17, 2023 by grim

From the NYT: The Fed Has Put Our Housing Market in Jeopardy The Federal Reserve’s relentless attack on inflation is jeopardizing our housing market. The resulting damage is not only having an impact on a critical engine of economic growth … Continue reading →

Posted in Crisis, Demographics, Economics, Housing Bubble, Mortgages, National Real Estate | 75 Comments

Tech’s outsized impact on real estate speculation

Posted on November 16, 2023 by grim

From Realtor.com: Reassessing the ‘Amazon Effect’ on Home Prices in One U.S. Metro Area Seattle-based Amazon’s announcement that it would be building a second headquarters in Northern Virginia boosted home prices and sales, albeit temporarily, according to a new report. … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate | 43 Comments

Better move fast

Posted on November 15, 2023 by grim

From NJ 1015: Homes are selling fastest in these two NJ counties It’s like a Six Flags Great Adventure ride that never ends. One without too many lows that keeps just bringing you higher and higher into the clouds. Well, … Continue reading →

Posted in Housing Bubble, New Jersey Real Estate | 93 Comments

Least affordable … ever?

Posted on November 12, 2023 by grim

From Black Knight: From the NAHB: Rising Mortgage Rates Push Housing Affordability to Lowest Level in Index History Rising mortgage rates, elevated construction costs and limited existing inventory helped push housing affordability in the third quarter of 2023 to its … Continue reading →

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

Golden Handcuffs

Posted on November 8, 2023 by grim

From the Philly Inquirer: How the ‘lock-in effect’ is helping shape today’s housing market Why? the supply of homes, as measured by homes for sale, is way down. It looks like we will end 2023 with inventory shrinking between 10% … Continue reading →

Posted in Economics, Housing Bubble, Mortgages, National Real Estate | 77 Comments

No end to price increases?

Posted on November 4, 2023 by grim

From Zillow: Home prices could spike nearly 5% in 2024: Zillow Anticipating mortgage rates to remain elevated and new home listings to slightly rise in the coming months, some experts predict home prices would increase 4.9% from August 2023 through … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 68 Comments

S&P Case Shiller: Prices up 2.6% YOY in August

Posted on November 3, 2023 by grim

From CNN: US home prices rose in August for the seventh straight month US home prices continued to rise in August, hitting a new record high and marking the seventh consecutive month of increases. Even as mortgage rates topped 7% in August, historically low inventory continued … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 61 Comments

Home offices spur office homes

Posted on October 27, 2023 by grim

Fun collection of stories this morning: Why turning offices into homes is a terrible idea City of Ottawa looking at ways to make office-to-residential conversions easier Conversion of vacant London offices could deliver 28,000 homes to the UK capital These … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate, New Development | 112 Comments