Category Archives: Housing Bubble

“People are in wait-and-see mode, because the numbers don’t work out” 

Posted on November 5, 2022 by grim

From the NYT: The Housing Market Is Worse Than You Think Everyone is feeling the squeeze. “Mortgage rates are sky high, prices are sky high, and there’s no inventory,” said Mark Zandi, the chief economist at Moody’s Analytics. “This may … Continue reading →

Posted in Economics, Housing Bubble, Mortgages, National Real Estate | 26 Comments

Fed Hates Housing

Posted on November 3, 2022 by grim

From Forbes: Fed Chair Calls Housing Market “Very Overheated” Jerome Powell said he viewed the U.S. housing market as “very overheated” after the pandemic, and believes supply and demand need to get back into balance.  Powell spoke at a press … Continue reading →

Posted in Economics, Housing Bubble, Mortgages, National Real Estate | 214 Comments

Moody’s not optimistic about housing

Posted on October 31, 2022 by grim

From MSN: 14 Markets Where Home Prices Could Plummet by 30% The outlook for the nation’s housing market keeps deteriorating. Earlier this year, Mark Zandi, Moody’s Analytics chief economist, told Fortune that several of the most overheated housing markets in … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 92 Comments

What happened to no bubble?

Posted on October 30, 2022 by grim

From CNBC: Pending home sales fell 10% in September, much worse than expected Pending home sales, a measure of signed contracts on existing homes, dropped a much worse-than-expected 10.2% in September from August, according to the National Association of Realtors. … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 16 Comments

Why the delta?

Posted on October 28, 2022 by grim

From Slate: The Reason Home Prices Are Finally Dropping National averages mask significant variation at the metropolitan level. Every one of California’s major cities—including Los Angeles, San Diego, and the Bay Area, some of the most expensive real estate markets … Continue reading →

Posted in Housing Bubble, National Real Estate, New Jersey Real Estate, NYC | 83 Comments

Here we gooooooo!

Posted on October 27, 2022 by grim

From CNBC: Home prices cooled at a record pace in August, S&P Case-Shiller says Home prices are still higher than they were a year ago, but gains are shrinking at the fastest pace on record, according to one key metric, … Continue reading →

Posted in Housing Bubble, National Real Estate | 79 Comments

Housing tanks, buyers screwed

Posted on October 21, 2022 by grim

From CNBC: Existing home sales fall to a 10-year low in September, as mortgage rates soar Existing homes are selling at the slowest pace since September 2012, with the exception of a brief drop at the start of the Covid 19 … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, Mortgages, National Real Estate | 70 Comments

Price declines for the NY Metro

Posted on October 14, 2022 by grim

From Patch: Long Island Home Prices, Sales Dip As Interest Rates Rise Long Island’s housing prices have finally started to come down from the all-time highs that were set during the summer. But real estate experts say it’s still a … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate, NYC | 132 Comments

Corelogic’s Losers

Posted on October 6, 2022 by grim

From Money.com: 5 Cities Where Home Prices Are Most Likely to Fall Next Year It’s been quite a turnaround for the once-hot housing market: Home prices are already falling in many cities, and there’s more where that came from. New data from real … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 59 Comments

The Realtors Said What?

Posted on October 5, 2022 by grim

From the NAR: Buckle Up: Home Prices Are Expected To Fall by a Lot—Even If There Isn’t a Recession The U.S. Federal Reserve has completely upended the housing market, taking it from turbocharged to rapid deceleration. The effects of the Fed’s … Continue reading →

Posted in Housing Bubble, Mortgages, National Real Estate | 44 Comments

Correction or Crash?

Posted on October 3, 2022 by grim

From Bloomberg: US Home Prices Now Posting Biggest Monthly Drops Since 2009 Median home prices fell 0.98% in August from a month earlier, following a 1.05% drop in July, Black Knight Inc. said in a report Monday. The two periods … Continue reading →

Posted in Housing Bubble, National Real Estate | 111 Comments

Where o’ where will housing crash?

Posted on September 30, 2022 by grim

From Marketwatch: Most economists see the U.S. turning into a buyer’s housing market in 2023. Here’s where you’ll see the biggest declines in value. Frustrated by the housing market? Housing experts say they’re expecting the market to tip back into … Continue reading →

Posted in Housing Bubble, National Real Estate | 133 Comments

Poof

Posted on September 28, 2022 by grim

From CNBC: Home prices cooled in July at the fastest rate in the history of S&P Case-Shiller Index U.S. home prices cooled in July at the fastest rate in the history of the S&P CoreLogic Case-Shiller Index, according to a … Continue reading →

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

“More remote work leads to higher house prices and rents”

Posted on September 27, 2022 by grim

From Bloomberg: Remote Work Drove Over 60% of House-Price Surge, Fed Study Finds The shift to working from home drove more than half of the increase in house and rent prices during the pandemic and will likely drive up costs … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate | 86 Comments

Not going to get better any time soon

Posted on September 22, 2022 by grim

From CNN: Home sales dropped 20% in August from a year ago Home sales declined for the seventh month in a row in August as higher mortgage rates and stubbornly high prices pushed prospective buyers out of the market. Sales of existing … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 96 Comments