Category Archives: Housing Bubble

Hottest in NJ?

Posted on May 24, 2023 by grim

From NJ1015: These NJ counties have some of the hottest real estate markets This will come as no surprise to anyone who’s been house shopping in New Jersey for the past few years, but the Garden State is home to … Continue reading →

Posted in Housing Bubble, New Jersey Real Estate | 182 Comments

Yep…

Posted on May 6, 2023 by grim

From Yahoo Finance: Rich millennials are spending millions to knock down beautiful houses in the NYC suburbs to build mansions as housing wars rage on Just across the Hudson River from New York City, sit suburban communities like Ridgewood, New … Continue reading →

Posted in Demographics, Housing Bubble, New Jersey Real Estate, NYC | 43 Comments

It’s that kind of market?

Posted on April 27, 2023 by grim

From, uh, does it matter? Tips To Win a Bidding War In a seller’s market, when demand is high and inventory is low, buyers often have to go above and beyond to make sure their offer stands out from the … Continue reading →

Posted in Housing Bubble, New Jersey Real Estate | 88 Comments

Do we go negative now?

Posted on April 20, 2023 by grim

From Redfin: Home Prices Fell 3% in March—Biggest Annual Drop in Over a Decade The median U.S. home sale price fell 3.3% in March to $400,528, the largest year-over-year drop since 2012. That follows February’s 1.2% dip, which was the first annual … Continue reading →

Posted in Housing Bubble, Mortgages, National Real Estate | 139 Comments

Fastest selling markets in NJ (Feb edition)

Posted on April 15, 2023 by grim

From Redfin: New Jersey Towns Where Homes are Still Selling Fast According to RedFin‘s February 2023 data, it takes 61 days to sell a home in New Jersey, which is an 11 day increase from 2022. We’ve compiled a list of … Continue reading →

Posted in Demographics, Economics, Housing Bubble, New Jersey Real Estate | 53 Comments

Back in the pool!

Posted on April 12, 2023 by grim

From CNBC: Homebuyer mortgage demand jumps after interest rates drop to two-month low Today’s housing market is so pricey that homebuyers are highly sensitive to any distinct moves in mortgage rates. And that’s what happened last week. Rates dropped, and … Continue reading →

Posted in Demographics, Economics, Housing Bubble, Mortgages | 122 Comments

Who can afford all this?

Posted on April 11, 2023 by grim

From Stacker: The 50 cities in New Jersey where home prices are rising the fastest

Posted in Demographics, Economics, Housing Bubble, New Jersey Real Estate | 19 Comments

Lowball! Alpine Edition

Posted on April 1, 2023 by grim

From NJ1015: New Jersey’s most expensive home finally sells — look inside The Stone Mansion in Alpine — New Jersey’s most expensive home for sale — has finally sold years after it was listed. The sale price, which started out … Continue reading →

Posted in Housing Bubble, Lowball, New Jersey Real Estate | 84 Comments

Why wouldn’t they?

Posted on March 31, 2023 by grim

From CNBC: More home sellers are sitting out of the spring housing market It might seem like a great time to list your home for sale. Buyers are flooding back into the market, mortgage rates have fallen off their recent … Continue reading →

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

Home prices continue falling

Posted on March 29, 2023 by grim

From CNBC: Home prices cool in January, even falling in some cities, S&P Case-Shiller says Home prices cooled in January, up only 3.8% nationally than they were a year earlier, according to the S&P CoreLogic Case-Shiller U.S. National Home Price … Continue reading →

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

Spring!

Posted on March 27, 2023 by grim

From Fox News: Spring home buying season shows ‘steady demand’ as mortgage rates slip for second week The spring home buying season is showing “steady demand” as mortgage rates slip for a second week in a row.  On Wednesday, the Federal … Continue reading →

Posted in Housing Bubble, Mortgages, National Real Estate | 158 Comments

Don’t sell, rent.

Posted on March 23, 2023 by grim

From Fortune: Homeowners who held onto a 3% mortgage rate are becoming ‘accidental landlords’ The era of lower-than-ever mortgage rates is long gone, and it’s been replaced with rates hovering around 7%. But homeowners who locked in lower ratesbefore or during … Continue reading →

Posted in Economics, Housing Bubble, Mortgages, National Real Estate | 140 Comments

NAR: First price decline in 11 years

Posted on March 22, 2023 by grim

From CNBC: Home sales spike 14.5% in February as the median price drops for the first time in over a decade Sales of previously owned homes rose 14.5% in February compared with January, according to a seasonally adjusted count by … Continue reading →

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

Pandemic boomtowns get crushed

Posted on March 18, 2023 by grim

From the Real Deal: US home prices drop annually for first time in 12 years How long has it been since the median U.S home price fell year-over-year? Hint: Gotye’s “Somebody That I Used to Know” was the top song, … Continue reading →

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

The old NAR is back..

Posted on March 12, 2023 by grim

From Insider: A top real estate economist explains why a housing rebound is coming as rising sales and lack of supply look poised to lift home prices While some experts have warned of an impending US housing crash, Nadia Evangelou, senior … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 82 Comments