Category Archives: Housing Bubble

Good time to buy?

Posted on September 18, 2022 by grim

From Fox Business: Redfin predicts sharpest turn in housing market since 2008 crash If you’re looking to buy a home soon, you’re in luck. After two years of record high sales, data shows the housing market is starting to cool down, but … Continue reading →

Posted in Economics, Housing Bubble, Mortgages, National Real Estate | 42 Comments

6%

Posted on September 15, 2022 by grim

From Reuters: U.S. mortgage interest rates top 6% for first time since 2008 The average interest rate on the most popular U.S. home loan rose above 6% for the first time since 2008 and is now more than double the … Continue reading →

Posted in Economics, Housing Bubble, Mortgages | 128 Comments

The power of positive thinking

Posted on September 9, 2022 by grim

From Bloomberg: US Consumers See Home Prices Falling for First Time Since 2020 For the first time in two years, US consumers expect home prices to fall over the next 12 months. An August survey by Fannie Mae found that respondents see … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 107 Comments

Ain’t gunna happen?

Posted on September 8, 2022 by grim

From the Washington Post: It’s a Housing Slump, Not a Crisis I’m in the process of building a house, so I recently met with the head of a real estate brokerage to discuss selling my current home in about a … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble | 61 Comments

Will services save us from recession?

Posted on September 7, 2022 by grim

From Quartz: The service economy is keeping the US from slipping into a recession As US manufacturing activity slows down, spending on services is keeping the American economy afloat, recent data suggests.  Growth in the services sector accelerated in August … Continue reading →

Posted in Economics, Employment, Housing Bubble, National Real Estate | 68 Comments

This always ends well

Posted on August 30, 2022 by grim

From the FT: Big US mortgage lenders turn screws on smaller rivals as rates rise The two largest US mortgage lenders are turning up the heat on their smaller competitors, offering discounts and other incentives to win market share as … Continue reading →

Posted in Housing Bubble, Mortgages, Risky Lending | 196 Comments

Moody Housing Markets

Posted on August 29, 2022 by grim

From Fortune: 183 housing markets could soon see home prices fall by 20%.

Posted in Housing Bubble, National Real Estate | 55 Comments

How low will it go?

Posted on August 23, 2022 by grim

From MarketWatch: U.S. house values fell for the first time since 2012, Zillow says. Sellers and buyers are facing a very different housing market to 2020 The housing market isn’t crashing, but it’s definitely feeling the burn. After two frenzied … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 231 Comments

Oh well?

Posted on August 21, 2022 by grim

From Bloomberg: US Mortgage Lenders Are Starting to Go Broke The US mortgage industry is seeing its first lenders go out of business after a sudden spike in lending rates, and the wave of failures that’s coming could be the … Continue reading →

Posted in Economics, Housing Bubble, Mortgages, Risky Lending | 33 Comments

Pop?

Posted on August 17, 2022 by grim

From Insider: US home prices could sink as much as 15% in a market crash but a moderate downturn is still more likely, Fitch says The odds of a severe housing downturn have risen, and US home prices could sink … Continue reading →

Posted in Economics, Housing Bubble | 177 Comments

Low rates – never again?

Posted on August 13, 2022 by grim

From the Washington Post: The Fed’s Damage to the Housing Market May Last Years With interest rates now hovering around 5%, existing-home sales are down more than 14% from last year. Some potential buyers are sitting on the sidelines until … Continue reading →

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

Inventory … UP!

Posted on August 10, 2022 by grim

From the NAR: Realtor.com® July Housing Report: Inventory Rises at Record-Breaking Speed The inventory recovery accelerated in July, as active listings increased at record-fast1 annual pace (+30.7%) for the third month in a row, according to the Realtor.com® Monthly Housing Trends Report released … Continue reading →

Posted in Housing Bubble, National Real Estate | 107 Comments

Rebalancing or Crash?

Posted on August 8, 2022 by grim

From MarketWatch: Annual home price growth saw ‘the greatest single-month slowdown’ since at least the early 1970s. Does this mean homebuyers are finally getting a break? Is this the news home buyers have finally been looking for? In June, the … Continue reading →

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

Housing market slows … kind of

Posted on August 1, 2022 by grim

From CNBC: Home prices cooled at a record pace in June, according to housing data firm Rising mortgage rates and inflation in the wider economy caused housing demand to drop sharply in June, forcing home prices to cool down. Home … Continue reading →

Posted in Economics, Housing Bubble, Housing Recovery, National Real Estate | 52 Comments

Will prices hold?

Posted on July 6, 2022 by grim

From Bloomberg: Manhattan Home Prices Hit a Record While Sales Frenzy Winds Down Manhattan home sales showed continued strength in the second quarter, though there are clear signs that fears of a recession are slowing down the market. Purchases of condos … Continue reading →

Posted in Economics, Housing Bubble, Housing Recovery, National Real Estate | 161 Comments