Category Archives: Housing Bubble

That’s it??

Posted on January 17, 2023 by grim

From Fortune: Up from here? The free-fall in housing market activity just concluded, says Capital Economics Not only did spiking mortgage rates prompt the Pandemic Housing Boom to fizzle out in the summer of 2022, they also pushed housing market transactions into … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 108 Comments

Helping with the mortgage

Posted on January 16, 2023 by grim

From Yahoo Finance: Housing expert: ‘Sellers are absolutely having to negotiate’ Housing expert: ‘Sellers are absolutely having to negotiate’ It’s the same housing story across the U.S., according to real estate agents in three U.S. cities. Sellers are offering more … Continue reading →

Posted in Economics, Housing Bubble, Mortgages, National Real Estate | 47 Comments

Confidence improves … a little

Posted on January 10, 2023 by grim

From CNBC: Consumer confidence in housing finally rises, thanks to falling home prices Mortgage rates are still twice what they were a year ago, but home prices have been falling since June, and that’s finally making consumers feel better about … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 99 Comments

Manhattan prices dip

Posted on January 4, 2023 by grim

From Bloomberg: Manhattan Home Prices Slip 5.5% in First Decline Since Mid-2020 Manhattan’s homebuying market weakened at the end of last year, but didn’t foreshadow a deep freeze heading into 2023. Co-ops and condos traded for a median of $1.1 million in … Continue reading →

Posted in Housing Bubble, NYC | 130 Comments

Home price gains continue to slow

Posted on December 28, 2022 by grim

From the WSJ: Home Prices Fell in October for Fourth Straight Month’ Home prices declined in October from the previous month as higher mortgage interest rates continued to weigh on home-buying demand. The S&P CoreLogic Case-Shiller National Home Price Index, which measures … Continue reading →

Posted in Economics, Housing Bubble, Mortgages, National Real Estate | 208 Comments

Sales Plunge in November

Posted on December 23, 2022 by grim

From Reuters: U.S. existing home sales fall for 10th straight month in November U.S. existing home sales slumped to a 2-1/2 year low in November as the housing market continued to be squeezed by higher mortgage rates. Existing home sales … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate | 120 Comments

Chasing the Market

Posted on December 21, 2022 by grim

From Mansion Global: Inventory in New York City Rose in November, as Did Price Cuts After nearly three topsy-turvy years, the real estate market in New York City has started to look more like pre-pandemic times, according to a Tuesday … Continue reading →

Posted in Housing Bubble, NYC | 115 Comments

Flipper profits falling fast

Posted on December 16, 2022 by grim

From CNBC: Home flipping profits drop at the fastest pace in over a decade As the housing market cools quickly, house flippers are finding it harder to make fast profits. In the third quarter, gross flipping profit, which is the … Continue reading →

Posted in Housing Bubble, National Real Estate | 130 Comments

At least you can enjoy the weather

Posted on December 12, 2022 by grim

On behalf of the snow, from the LA Times: As home prices decline, Southern Californians who bought at the peak are nervous  Surging mortgage interest rates threatened to squash Michael and Christine Hawkins’ dream of home ownership. But this fall … Continue reading →

Posted in Housing Bubble, National Real Estate | 100 Comments

More inventory? Nah.

Posted on December 11, 2022 by grim

From Fox Business: Housing turnover will drop to lowest rate since the 80s, economist projects Home sale activity next year may reach the lowest point since the early 1980s as households buying or selling real estate retreat from the market, predicts Redfin … Continue reading →

Posted in Housing Bubble, National Real Estate | 16 Comments

Kaboom?

Posted on December 4, 2022 by grim

From the NY Post: Here’s how much US home prices will plunge in current market bubble US home prices will likely have to decline by as much as 20% over the course of a multi-year correction before the housing sector … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 71 Comments

October sucked, ignore the price changes

Posted on November 20, 2022 by grim

From CNN: US home sales fall for 9th month in a row in October Home sales in the United States declined for the ninth month in a row in October as surging mortgage rates and high prices pushed buyers out … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 28 Comments

Deep dive on NJ from the Fed

Posted on November 14, 2022 by grim

From Liberty Street Economics @ The NY Fed: A Look at the New York-Northern New Jersey Region’s Pandemic Housing Boom Since the start of the pandemic, home prices in the U.S. have increased by an astonishing 40 percent. The New … Continue reading →

Posted in Economics, Employment, Housing Bubble, New Jersey Real Estate, North Jersey Real Estate, NYC | 58 Comments

That was fast…

Posted on November 11, 2022 by grim

From CNBC: Mortgage rates fall sharply to under 7% after inflation eases Mortgage rates fell sharply Thursday after a government report showed that inflation had cooled in October, prompting a decline in bond yields. The average rate on the 30-year fixed plunged … Continue reading →

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

Not a good time to buy a home…

Posted on November 10, 2022 by grim

From CNBC: Consumer confidence in the housing market hits a new low, according to Fannie Mae Rising mortgage rates, high home prices and uncertainty in the overall economy have Americans feeling more pessimistic about the state of the housing market. … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate, Where's the Beef? | 129 Comments