Category Archives: Housing Bubble

Who the heck is refinancing right now?

Posted on October 26, 2023 by grim

From CNBC: Adjustable-rate mortgage demand hits highest level in nearly a year as interest rates continue to climb Mortgage demand has essentially stalled at the slowest pace since 1995 as mortgage interest rates continue to rise. Total application volume dropped … Continue reading →

Posted in Economics, Housing Bubble, Mortgages, National Real Estate | 110 Comments

Buyer must feed the …

Posted on October 25, 2023 by grim

From NorthJersey.com: Once a New Jersey church, this $650K Zillow Gone Wild home for sale comes with a graveyard When browsing homes for sale, you stumble upon a swimming pool or a newly built deck. But, have you ever seen … Continue reading →

Posted in Crisis, Housing Bubble, Humor, New Jersey Real Estate | 145 Comments

Congratulations, you are rich.

Posted on October 24, 2023 by grim

From the Manhattan Institute: Economics Newsletter: Fed Survey Shows Widened Inequality as Stock and Home Prices Rise Last week, The Fed released its tri-annual Survey of Consumer Finances, a survey that offers a detailed look into American household finances. It shows … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 67 Comments

Where’s the tipping point? 9%? 10%?

Posted on October 23, 2023 by grim

From CNBC: The housing market was already painful, ugly and anxious. Now the 8% mortgage rate is back Today’s housing market is a toxic mix of high mortgage rates, high prices, tight supply and strangely strong pent-up demand — and … Continue reading →

Posted in Economics, Housing Bubble, Mortgages, National Real Estate | 57 Comments

Home sales hit 13 year low

Posted on October 20, 2023 by grim

From CNBC: September home sales drop to the lowest level since the foreclosure crisis Sales of previously owned homes dropped 2% in September from August to a seasonally adjusted, annualized rate of 3.96 million units, according to the National Association … Continue reading →

Posted in Economics, Housing Bubble, Mortgages, National Real Estate | 110 Comments

Epic Assemblage

Posted on October 19, 2023 by grim

From the NY Post: Ken Griffin plans to build the most expensive home on Earth — a $1B mega-estate Palm Beach, Florida, a playground for the rich and famous, is no stranger to opulence.  But it seems that billionaire hedge-fund … Continue reading →

Posted in Comp Killer, Housing Bubble, National Real Estate, New Development | 72 Comments

Going where the cheaper homes are

Posted on October 15, 2023 by grim

From Insider: Locals are being priced out of Texas and Florida. Here’s where they’re looking for affordable homes instead.  As people across the US relocate to Florida and Texas, locals are feeling squeezed — and searching elsewhere for affordable homes. … Continue reading →

Posted in Crisis, Demographics, Economics, Housing Bubble, National Real Estate | 23 Comments

What breaks first?

Posted on October 6, 2023 by grim

From the NYT: Rates Are Jumping on Wall Street. What Will It Do to Housing and the Economy? Heather Mahmood-Corley, a real estate agent, was seeing decent demand for houses in the Phoenix area just a few weeks ago, with … Continue reading →

Posted in Economics, Housing Bubble, Mortgages, National Real Estate | 122 Comments

Still comfortable at the top

Posted on October 4, 2023 by grim

From Mansion Global: Manhattan’s Median Home Price Rose 2% Despite Market Turbulence Manhattan’s home prices held steady in the third quarter, despite a gamut of challenges hitting the real estate market across the nation, according to a variety of market … Continue reading →

Posted in Demographics, Economics, Housing Bubble, Mortgages, NYC | 155 Comments

Do mortgage rates even matter anymore?

Posted on October 2, 2023 by grim

From the APP: Mortgage rates double. Here is why that hasn’t killed Jersey Shore home bidding wars With mortgage rates rising to 22-year highs, the prospects for the sale of the house at 321 14th Ave. in Belmar could have … Continue reading →

Posted in Demographics, Economics, Housing Bubble, Mortgages, New Jersey Real Estate, Shore Real Estate | 44 Comments

Sorry renters

Posted on September 29, 2023 by grim

From RentCafe: Competition for Apartments Intensifies in Midwest This Rental Season, but Miami Holds Onto 1st Place While the Midwest is flexing its muscle in peak rental season, we’re seeing rising competition in the Northeast,as well. The main reason for this … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, New Jersey Real Estate, NYC | 119 Comments

Welcome Back!

Posted on September 27, 2023 by grim

From CNN: US home prices rose in July to record-high levels US home prices continued to rise in July, hitting a new record high and marking the sixth successive month of gains, as historically low inventory pushes up the cost … Continue reading →

Posted in Crisis, Economics, Housing Bubble, National Real Estate | 117 Comments

Because Garden State Plaza Needs 1400 Housing Units

Posted on September 26, 2023 by grim

From Costar: Unibail Seeks To Add Roughly 1,400 Housing Units to New Jersey Flagship Mall Unibail-Rodamco-Westfield said it plans to build up to nearly 1,400 residential units as part of the major redevelopment and diversification of its large mall in North Jersey, … Continue reading →

Posted in Economics, Housing Bubble, New Development, New Jersey Real Estate, Where's the Beef? | 150 Comments

Sales slump, prices still rising

Posted on September 22, 2023 by grim

From ABC News: Home sales fell again in August as homebuyers grapple with rising mortgage rates Sales of previously occupied U.S. homes fell for the third month in a row in August, as higher mortgage rates, rising prices and a … Continue reading →

Posted in Demographics, Economics, Housing Bubble, Mortgages, National Real Estate | 115 Comments

Hike or Stay?

Posted on September 19, 2023 by grim

From the NYT: Fed Creeps Toward Next Phase in Its Fight Against Inflation Federal Reserve officials are expected to leave interest rates unchanged at their meeting on Wednesday, buying themselves more time to assess whether borrowing costs are high enough … Continue reading →

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