Category Archives: Housing Bubble

Inventory Up, Prices Up

Posted on November 8, 2024 by grim

From NorthJersey.com: North Jersey real estate saw more new home listings, but higher prices, in October New Jersey’s real estate market saw more new home listings and properties staying on the market longer in October, but also increasing home prices. … Continue reading →

Posted in Housing Bubble, New Jersey Real Estate | 90 Comments

Fed Cuts!

Posted on November 7, 2024 by grim

From CNBC: Federal Reserve cuts interest rates by a quarter point The Federal Reserve approved its second consecutive interest rate cut Thursday, moving at a less aggressive pace than before but continuing its efforts to rightsize monetary policy. In a … Continue reading →

Posted in Economics, Housing Bubble, Mortgages, National Real Estate | 17 Comments

Make me move

Posted on November 4, 2024 by grim

From CNET: Most Homebuyers Won’t Budge Until Mortgage Rates Drop to 4%, CNET Survey Finds A recent CNET survey found that half of US adults say lower mortgage rates would make them realistically consider purchasing a house. If average mortgage rates were … Continue reading →

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

Wait and see

Posted on November 1, 2024 by grim

From NorthJersey.com: Do presidential elections affect the housing market? Here’s what experts had to say The time surrounding a presidential election is often said to see a slowdown in real estate activity in some markets. Though not by a significant … Continue reading →

Posted in Housing Bubble, National Real Estate, Politics | 89 Comments

$700k to live in Staten Island

Posted on October 29, 2024 by grim

From SI Live: Median price of a Staten Island home hits $700,000, report says Staten Island home prices are continuing to rise, according to the latest report from the Staten Island Board of Realtors (SIBOR) — and the median sales price of … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate, NYC | 33 Comments

Want cheaper houses? Build more of them.

Posted on October 25, 2024 by grim

From Yahoo Finance: Homebuyers still price sensitive as mortgage rates climb: Economist Mortgage rates rose for their fourth straight week, the 30-year fixed rate mortgage now sitting at 6.54%. Existing home sales also fell to a 14-year low, the National Association of … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate, New Development | 66 Comments

What buyers?

Posted on October 24, 2024 by grim

From Reuters: US existing home sales slide to 14-year low; prices stay elevated U.S. existing home sales dropped to a 14-year low in September, weighed down by higher mortgage rates and house prices. The second straight monthly decline in home … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 49 Comments

Bring on the units

Posted on October 22, 2024 by grim

From Gothamist: After years of delay, former Toys ‘R’ Us headquarters in NJ will be turned into housing Seven years after Toys “R” Us declared bankruptcy, a deal to put a substantial amount of housing on the site of the … Continue reading →

Posted in Demographics, Economics, Housing Bubble, New Development, New Jersey Real Estate | 30 Comments

The Lock In – Illustrated

Posted on October 17, 2024 by grim

From Axios: Low home turnover rate, charted Only a small sliver of U.S. homes changed hands through August this year, according to Redfin. Why it matters: This is one more stunning stat that shows just how stagnant the real estate market has been. … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 78 Comments

Inventory ticking up, but NJ market absorbs it

Posted on October 8, 2024 by grim

From NorthJersey.com: How North Jersey’s real estate market performed in September as interest rates decline How much has North Jersey’s housing inventory changed? Eighteen of New Jersey’s 21 counties had an increase in new listings compared with September 2023, and … Continue reading →

Posted in Housing Bubble, New Jersey Real Estate, North Jersey Real Estate | 115 Comments

Northeast takes a dip

Posted on September 28, 2024 by grim

From the NAR: Pending Home Sales Edged Up 0.6% in August Pending home sales in August rose 0.6%, according to the National Association of REALTORS®. The Midwest, South and West posted monthly gains in transactions, while the Northeast recorded a … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 62 Comments

First timers vs. Investors

Posted on September 26, 2024 by grim

From HousingWire: Investors are purchasing fewer homes, but they still account for nearly 25% of sales The share of single-family homes sold to investors peaked at nearly 30% at the start of this year, but these types of transactions dropped … Continue reading →

Posted in Crisis, Demographics, Economics, Housing Bubble, National Real Estate | 125 Comments

Time to spend!

Posted on September 25, 2024 by grim

From CNBC: Mortgage rates dip, giving U.S. homebuyers over $200,000 in additional spending power in some U.S. cities U.S. home buyers are gaining tens of thousands in purchasing power as mortgage rates drop. With 30-year fixed mortgage rates declining from 7.79% … Continue reading →

Posted in Demographics, Economics, Housing Bubble, Mortgages | 79 Comments

Back to “normal”?

Posted on September 23, 2024 by grim

From the AP: For home shoppers, the Fed’s big rate cut is likely just a small step towards affording a home The Federal Reserve gave home shoppers what they hoped for this week: a big rate cut and a signal … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, Mortgages, National Real Estate | 97 Comments

August heats up

Posted on September 18, 2024 by grim

From Redfin: U.S. Home Prices Rose 0.5% in August, the Biggest Increase in 4 Months U.S. home prices grew 0.5% in August on a seasonally adjusted basis, the largest month-over-month increase since April.  On a year-over-year basis, home prices rose … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 127 Comments