Category Archives: Housing Bubble

How high can we go?

Posted on August 8, 2023 by grim

From Black Knight: Home Prices Hit New Record Highs in 60% of Major Markets as Annual Growth Rate Rises, Boosting Homeowner Equity Levels The Black Knight Home Price Index (HPI) hit an all-time high in June, this time on both … Continue reading →

Posted in Housing Bubble, National Real Estate, New Jersey Real Estate | 32 Comments

Losing the greatest fools

Posted on August 3, 2023 by grim

From CNBC: Foreign buyers are bailing on the U.S. housing market. Here’s why International buyers are pulling back from the U.S. housing market, as high mortgage rates, soaring home prices, a meager supply of homes for sale and a strong dollar … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 69 Comments

Prices Up, Inventory Down, Sales Cratering

Posted on July 30, 2023 by grim

From NJ Business: NJ Home Prices Rise but Inventory Falls Residential housing data released this week from New Jersey Realtors, the state trade association representing more than 61,000 Realtors, continues to point to a slower-than-usual summer market, with low inventory … Continue reading →

Posted in Housing Bubble, New Jersey Real Estate, Where's the Beef? | 85 Comments

Did the housing recession even start?

Posted on July 28, 2023 by grim

From the National Association of Realtors: NAR Economist: ‘Housing Recession Is Over’ Contract signings picked up the pace last month, and home buyers are increasingly facing multiple offer situations. NAR releases its housing forecast for the remainder of the year … Continue reading →

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

Starting to feel a little toppy

Posted on July 26, 2023 by grim

From CNBC: Home prices continue to climb with ‘striking’ regional differences, says S&P Case-Shiller Home prices in May rose for the fourth straight month on the S&P CoreLogic Case-Shiller home price index, but regional differences are widening. The gains come despite … Continue reading →

Posted in Housing Bubble, National Real Estate | 57 Comments

The crazy continues

Posted on July 21, 2023 by grim

From CNN: US home prices stay near record high, even as sales drop in June US home prices continued to fall in June compared to a year ago, but that may not be much comfort to home buyers. Even after … Continue reading →

Posted in Housing Bubble, Mortgages, National Real Estate | 65 Comments

NJ takes #2 spot for May

Posted on July 12, 2023 by grim

From CoreLogic: CoreLogic: US Annual Home Price Growth Drops to the Lowest Rate in 11 Years in May CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, today released the CoreLogic Home Price Index (HPI™) and HPI Forecast™ for May 2023. … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate, New Jersey Real Estate | 152 Comments

Where you shouldn’t buy

Posted on July 10, 2023 by grim

From Yahoo Finance: These Are the 10 Most Overpriced Housing Markets in the U.S. — 5 Are in Florida 10. Nashville, Tennessee 9. Tampa, Florida 8. Deltona, Florida 7. Detroit 6. Palm Bay, Florida 5. Lakeland, Florida 4. Memphis, Tennessee … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate, Where's the Beef? | 22 Comments

Mortgages still strong

Posted on July 9, 2023 by grim

From CoreLogic: Loan Performance Insights – June 2023 30 Days or More Delinquent – National In April 2023, 2.8% of mortgages were delinquent by at least 30 days or more including those in foreclosure. This represents a 0.1 percentage point … Continue reading →

Posted in Economics, Foreclosures, Housing Bubble, Mortgages, National Real Estate | 4 Comments

Room to run?

Posted on July 6, 2023 by grim

From Yahoo Finance: Housing expert: ‘Convincing price rebound to come next year’ Home prices are expected to decline slightly this year before growing again in earnest in 2024. “We had been among the more bullish outlooks for this year for … Continue reading →

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

How much more unaffordable can it get?

Posted on July 5, 2023 by grim

From ATTOM: Home Affordability Worsens Across U.S. During Second Quarter Of 2023 As Home Prices Tick Upwards ATTOM, a leading curator of land, property, and real estate data, today released its second-quarter 2023 U.S. Home Affordability Report showing that median-priced single-family … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate | 60 Comments

Up Up Up

Posted on July 2, 2023 by grim

From JerseyDigs: Study Says New Jersey Home Sale Prices Have Jumped Almost 18% in Two Years Real estate in New Jersey has continued its upward ascent despite choppy economic conditions and a new study of home sales shows New Jersey’s … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate, New Jersey Real Estate | 148 Comments

Home prices finally dip (a little)

Posted on June 23, 2023 by grim

From CNN: US home prices fall by largest amount annually since December 2011 US home prices fell in May at the largest annual rate in more than a decade, according to a National Association of Realtors report released Thursday. The … Continue reading →

Posted in Crisis, Housing Bubble, Mortgages, National Real Estate | 55 Comments

Bottom?

Posted on June 22, 2023 by grim

From Redfin: There Were Fewer Homes for Sale in May Than Any Other Month on Record The number of homes for sale in the U.S. fell 7.1% year over year to 1.4 million on a seasonally adjusted basis in May. … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 80 Comments

Pending sales tracking far below previous years

Posted on June 16, 2023 by grim

From Redfin: Housing Market Update: There Are Nearly 40% Fewer Homes For Sale Than Pre-Pandemic The total number of U.S. homes for sale dropped 6% from a year earlier during the four weeks ending June 11, the biggest decline in … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate | 63 Comments