Category Archives: Housing Bubble

Tick tick tick

From the Daily Mail: Home prices are falling in these 4 former boomtowns – it’s a bad omen for the rest of America Home prices are falling in four former hotspots – as near-record housing costs push homebuyers away.  Three … Continue reading

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate | 25 Comments

First to fall

From the Daily Mail: The cities where house prices are set to DROP – and most are in the south The cost of real estate only continues to inch upwards in states like New York and Connecticut. However, a new report from financial … Continue reading

Posted in Economics, Housing Bubble, National Real Estate | 274 Comments

Pending sales post biggest drop in 3 years

From CNBC: Pending home sales in April slump to lowest level since the start of the pandemic Signed sales contracts on existing homes dropped 7.7% in April compared to March, the slowest pace since April 2020, according to the National … Continue reading

Posted in Economics, Housing Bubble, Mortgages, National Real Estate | 117 Comments

PSA: Home prices and mortgage rates are not correlated

From CNN: US home prices hit another record high in March US home prices reached a record high in March, reflecting the housing market’s persistent affordability crisis. The S&P CoreLogic Case-Shiller US National Home Price Index, a measure of home … Continue reading

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

New high for Hudson

From NJ.com: N.J. home got $350K over asking, making it the most expensive sale in its county this year Five days is all it took for this Hoboken brownstone to go under contract for $350,000 more than its asking price. … Continue reading

Posted in Gold Coast, Housing Bubble, New Jersey Real Estate, NYC | 9 Comments

April sales dip

From Reuters: US home sales post second straight monthly drop; house prices accelerate U.S. existing home sales unexpectedly fell in April as higher mortgage rates and house prices weighed on demand, dealing another setback to the housing market. Though the … Continue reading

Posted in Economics, Housing Bubble, Mortgages, National Real Estate | 94 Comments

How much higher?

From Yahoo Finance: U.S. Home Prices Reach Record High Despite Slow Market Amid a broader market slowdown, U.S. home prices reached a historic peak in April, with the median sale price rising to $433,558, a 6.2% increase from the previous … Continue reading

Posted in Housing Bubble, National Real Estate | 61 Comments

What would you trade?

From the Record: What would you sacrifice to afford a home? A report shows the differences between generations Generations often have differing perspectives on politics, work culture and family dynamics, so it might not come as a surprise that the … Continue reading

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 48 Comments

Nothing is cheap anymore

From MarketWatch: Rents just surged 10% in this affordable housing market. It was ‘bound to happen,’ one economist says. Renters are running away from high rents in expensive cities and moving to more affordable ones — but that’s pushing up … Continue reading

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 30 Comments

First to fall?

From Mansion Global: Florida and Texas Show Signs of Home Prices Falling Gary and Karen Steppe listed a condo in Indialantic, Fla., in February for $294,900. They expected the two-bedroom vacation home, which is in an oceanside town near Melbourne … Continue reading

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 80 Comments

Heading back below 7?

From CNBC: Mortgage demand from homebuyers drops even as interest rates pull back to April lows Mortgage rates last week dropped to the lowest level since April, but buyers are still struggling to afford today’s housing market. As a result, … Continue reading

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

Different this time?

From the NY Post: US home prices have soared 47% since 2020 A recent analysis by ResiClub of the Case-Shiller National Home Price Index has unveiled a jaw-dropping surge in US home prices, soaring a lofty 47.1% since the dawn of this … Continue reading

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 95 Comments

90% of the country overpriced

From Fitch: Real Home Price Appreciation Aligns with Sustainable Price Trends Fitch Ratings estimates national home prices were 11.1% overvalued for 4Q23 on a population-weighted average basis, showing negligible difference from the previous quarter.  The consistency in Fitch’s overvaluation estimates, … Continue reading

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

The Worst Time?

From Kiplinger: Is This the Worst Time To Buy a Home? The Federal Reserve is holding interest rates steady, and mortgages are hovering over 7%. House prices are still rising. Housing supply is still not close to meeting demand.  Is … Continue reading

Posted in Crisis, Demographics, Economics, Housing Bubble, National Real Estate | 35 Comments

This again?

From Quartz: ‘Fractional home ownership’ wants to fix real estate’s woes. What is it and could it work? There’s more than one way to own a house these days. Sites including real estate startup Pacaso are opening up a new … Continue reading

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