Category Archives: Housing Bubble

Suck it up

Posted on March 10, 2023 by grim

From the Record: Is $500K the new $300K? What you’ll pay for a starter home in North Jersey Newlyweds Joseph and Cheryl Petta just wanted to buy their first home in North Jersey. It was a disheartening year and a … Continue reading →

Posted in Demographics, Economics, Housing Bubble, New Jersey Real Estate | 197 Comments

Welcome to the Top 10

Posted on March 9, 2023 by grim

From CoreLogic: US Home Price Insights – March 2023 January 2023 National Home Prices Home prices nationwide, including distressed sales, increased year over year by 5.5% in January 2023 compared with January 2022. On a month-over-month basis, home prices declined … Continue reading →

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

Will we see 8?

Posted on March 8, 2023 by grim

From Mortgage News Daily: Mortgage Rates Head Back Over 7% After Powell Testimony Jerome Powell is the Chair of the Federal Reserve–the entity that sets overnight lending rates in an attempt to keep inflation in a low, stable range.  Inflation … Continue reading →

Posted in Economics, Housing Bubble, Mortgages, National Real Estate | 136 Comments

Finally, prices fall…

Posted on March 4, 2023 by grim

From the NY Post: US home prices just did something they haven’t done since 2012 US home prices in February posted their first year-over-year decline in more than a decade as surging mortgage rates put the squeeze on the market. … Continue reading →

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

The mighty will fall

Posted on February 28, 2023 by grim

From the NY Post: Home prices set for double-digit plunge in major Western US cities: Goldman Sachs Four US cities that experienced housing booms during the COVID-19 pandemic are set for major declines in home prices by the end of next year, … Continue reading →

Posted in Economics, Employment, Housing Bubble, Mortgages, National Real Estate | 54 Comments

Home Sales Down Again

Posted on February 22, 2023 by grim

From CNBC: U.S. home sales post 12th straight monthly decline; house price inflation cools U.S. existing home sales dropped to the lowest level in more than 12 years in January, but the pace of decline slowed, raising cautious optimism that … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 102 Comments

Slow (not) down

Posted on February 19, 2023 by grim

From CNN: Here are the US cities where home prices are actually falling Home prices are going up across the country — in aggregate. Looking at individual markets, however, some are showing prices have fallen from a year ago. Single-family … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate, Price Reduced | 53 Comments

Just the beginning?

Posted on February 13, 2023 by grim

From DSNews: January Foreclosure Filings Up 36% YoY Foreclosure volume continues in America, with year-end totals reaching 31,557, which includes default notices, scheduled auctions, or bank repossessions, a 36% increase compared to the previous year. The numbers reported in January … Continue reading →

Posted in Economics, Housing Bubble, Mortgages, National Real Estate, Risky Lending | 129 Comments

You still can’t afford it

Posted on February 11, 2023 by grim

From Bankrate: Home prices are down — but not enough to ease affordability Home prices are still high. But they’re not rising quite as much. Nearly 90 percent of the country’s metro areas saw single-family home prices rise in the … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 56 Comments

Corelogic December Housing Market Data

Posted on February 9, 2023 by grim

From CoreLogic: U.S. Home Price Insights – February 2023 December 2022 National Home Prices Home prices nationwide, including distressed sales, increased year over year by 6.9% in December 2022 compared with December 2021. On a month-over-month basis, home prices declined … Continue reading →

Posted in Economics, Housing Bubble, Housing Recovery, Mortgages, National Real Estate | 87 Comments

Dippitty dip dip

Posted on February 2, 2023 by grim

From Fortune: From US News and World Report: Home Prices Continue to Come Down as Higher Mortgage Rates Bite Home prices continued their downward slide in November, though they remain up year over year, according to the CoreLogic Case-Shiller monthly … Continue reading →

Posted in Housing Bubble, National Real Estate | 111 Comments

Sorry West

Posted on January 30, 2023 by grim

From the Washington Examiner: Huge hit to home prices in west in 2023, Goldman warns: Phoenix, SF, Seattle Houses in several overheated cities in the western United States will see massive price declines in 2023, researchers at Goldman Sachs predict. In a report … Continue reading →

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

Sounds like more of the usual

Posted on January 28, 2023 by grim

From NJ Business: Year-end NJ Housing Data Shows Market Softening Rising interest rates, low inventory, and climbing prices have cooled the housing market in 2022, with closed sales down 17.8% over 2021, according to year-end data reports from New Jersey … Continue reading →

Posted in Economics, Housing Bubble, Mortgages, New Jersey Real Estate | 59 Comments

Hey 2010!

Posted on January 21, 2023 by grim

From Reuters: U.S. home sales slump to 12-year low; glimmers of hope emerging U.S. existing home sales plunged to a 12-year low in December, but declining mortgage rates raised cautious optimism that the embattled housing market could be close to … Continue reading →

Posted in Demographics, Economics, Housing Bubble, Mortgages, National Real Estate | 90 Comments

Thorough, in-depth, housing forecast from smart Harvard guy.

Posted on January 19, 2023 by grim

From the NY Post: Why US home prices will fall another 10 percent, according to Harvard economist Pain across the US housing market that began last year is likely just getting started if interest rates remain high, star economist Ken … Continue reading →

Posted in Economics, Housing Bubble, Mortgages, National Real Estate | 134 Comments