Category Archives: Housing Bubble

January a mixed bag for NJ real estate

Posted on February 3, 2024 by grim

From NorthJersey.com: Real estate snapshot: Did North Jersey home prices increase in January? In January, New Jersey’s real estate market saw both positive and negative trends for potential homebuyers. Just about half of New Jersey’s 21 counties saw an increase … Continue reading →

Posted in Economics, Housing Bubble, New Jersey Real Estate | 38 Comments

Finally slowing?

Posted on February 2, 2024 by grim

From CNBC: Home prices began to cool in November after nine straight months of gains, S&P Case-Shiller says Home prices in November fell 0.2% from October, according to the S&P CoreLogic Case-Shiller national home price index. While that may not … Continue reading →

Posted in Demographics, Economics, Housing Bubble, Mortgages, National Real Estate | 124 Comments

Uh oh…

Posted on January 31, 2024 by grim

From NJ.com: New listings of home sales spiked 72% in this N.J. county. Latest rankings by county.

Posted in Economics, Housing Bubble, New Jersey Real Estate | 78 Comments

Blame taxes for the inventory?

Posted on January 30, 2024 by grim

From CNN: Boomers are not moving out of their big homes. Here’s why After 33 years and four children, Baby Boomers Marta and Octavian Dragos say they feel trapped in what was once their dream home in El Cerrito, California. … Continue reading →

Posted in Demographics, Economics, Housing Bubble, Politics, Property Taxes | 94 Comments

Zillow: Up, up, and away!

Posted on January 28, 2024 by grim

From Fortune: Zillow just raised its home price forecast, seeing a 3.7% jump in 2024, and it’s all because of ‘external factors’ Just as things had started looking up for the U.S. housing market, with mortgage rates dropping modestly, on Thursday Zillow revised … Continue reading →

Posted in Housing Bubble, National Real Estate | 59 Comments

#hodlforever

Posted on January 25, 2024 by grim

About time the rest of the industry noted the behavioral trend that we were one of first to identify and discuss. 2) Mortgage lock-in, and this is one of the major trends I’m looking at in the near future. Should … Continue reading →

Posted in Crisis, Economics, Housing Bubble, Mortgages | 59 Comments

Fairest lawn of all

Posted on January 24, 2024 by grim

From NJ.com: Bidding war results in suburban N.J. home selling for $115K over the asking price A house in Fair Lawn was priced to sell – and it sure did. For more than $100,000 over the asking price.

Posted in Housing Bubble, New Jersey Real Estate | 75 Comments

How long to sell?

Posted on January 23, 2024 by grim

From NJ.com: Homes taking longer to sell in N.J. See latest county-by-county rankings. Median Days on Market Burlington County 40 Gloucester County 40 Camden County 42 Union County 44 Middlesex County 45 Somerset County 46 Mercer County 46 Cumberland County … Continue reading →

Posted in Economics, Housing Bubble, New Jersey Real Estate | 69 Comments

Prices to fall in 2024?

Posted on January 21, 2024 by grim

From Fast Company: Fannie Mae expects U.S. home prices to rise in 2024; Morgan Stanley disagrees “When we published our year-end forecast, we were expecting [housing] affordability to improve. . . . If mortgage rates were to stay here that improvement … Continue reading →

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

Nobody selling, nobody buying

Posted on January 20, 2024 by grim

From PBS Newshour: U.S. existing home sales drop to near 30-year low Sales of previously occupied U.S. homes sank in 2023 to a nearly 30-year low as mortgage rates climbed to the highest level in more than two decades and … Continue reading →

Posted in Housing Bubble, National Real Estate | 10 Comments

Those were the days…

Posted on January 17, 2024 by grim

From Fox: This was the average cost of an American home in the decade you were born 1940 In 1940, without adjusting for inflation, the average cost of a home in the United States was $2,938, according to the United … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 61 Comments

Shrinkflation, even in housing

Posted on January 15, 2024 by grim

From Fox 5: Renting in NYC: $1,700 gets you a living room sized apartment, study reveals Renters from every borough in NYC agree that prices are soaring and living spaces are shrinking, but a new study sheds light on just … Continue reading →

Posted in Demographics, Economics, Housing Bubble, NYC | 22 Comments

Foreclosure Do-Over

Posted on January 13, 2024 by grim

From NJ Monitor: Gov. Murphy signs new foreclosure protection program into law New Jerseyans facing foreclosure will have a new path back to homeownership under a bill Gov. Phil Murphy signed Friday. The new law creates the community wealth preservation program, … Continue reading →

Posted in Economics, Housing Bubble, Mortgages, New Jersey Real Estate, Risky Lending | 30 Comments

Philly still hot

Posted on January 12, 2024 by grim

From the Philly Business Journal: Philadelphia-area home prices rose at fastest pace in December since spring 2022 The end of 2023 didn’t bring any relief in median home prices in Greater Philadelphia, with the year’s largest price spike coming in … Continue reading →

Posted in Housing Bubble, National Real Estate, New Jersey Real Estate, Philly | 72 Comments

December a mixed bag for NJ real estate

Posted on January 11, 2024 by grim

From Yahoo Finance: Real estate market update: What happened with listings in North Jersey in December December is a traditionally slow month for real estate in New Jersey and across the nation. So it’s no surprise that North Jersey experienced … Continue reading →

Posted in Demographics, Economics, Housing Bubble, Mortgages, New Jersey Real Estate | 66 Comments