Category Archives: Housing Bubble

NY Metro tops the S&P Case Shiller in May

Posted on July 31, 2024 by grim

From the NY Post: Home prices reach record high as affordability crisis worsens Home prices reached a new record in May amid an ongoing housing shortage, even as high mortgage rates continued to push affordability out of reach for millions of Americans. Prices … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 85 Comments

The million dollar starter home

Posted on July 30, 2024 by grim

From National Mortgage Professional: Starter Home Prices Topple $1M In More U.S. Cities The barriers towards homeownership continue to mount for more first-time homebuyers, with Zillow reporting that the number of million-dollar starter homes has tripled since 2019. In more than 200 … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble | 52 Comments

Buyers walking?

Posted on July 29, 2024 by grim

From Newsweek: Florida Housing Market Faces ‘Nightmare Scenarios’ as Deals Collapse Florida homebuyers are backed out of deals to purchase properties at a record rate, according to a new report from real estate brokerage Redfin, as prices continue rising and mortgage … Continue reading →

Posted in Housing Bubble, National Real Estate, Where's the Beef? | 70 Comments

Jersey New Listings Fall

Posted on July 26, 2024 by grim

From NJ.com: N.J. real estate listings down slightly. See full list. The number of newly listed homes in New Jersey dropped by less than 1% in June compared to the same time last year, according to Realtor.com. In June, 9,256 listings … Continue reading →

Posted in Housing Bubble, National Real Estate, New Jersey Real Estate | 55 Comments

Mortgage pressure easing

Posted on July 14, 2024 by grim

From the MPA: Mortgage rates see immediate relief after positive economic data Mortgage rates fell this week, following positive economic data that suggests the Federal Reserve may ease up on interest rates later this year. Freddie Mac’s latest Primary Mortgage … Continue reading →

Posted in Demographics, Economics, Housing Bubble, Mortgages, National Real Estate | 31 Comments

The Gold Coast is Back!

Posted on July 12, 2024 by grim

From Bloomberg: What We Can Learn From Jersey City’s Luxury Housing Boom US renters say there’s now a 60% likelihood they’ll never own a home — the highest reading in at least a decade — and that can help explain why we’re … Continue reading →

Posted in Demographics, Economics, Employment, Gold Coast, Housing Bubble | 88 Comments

Jersey Market Slowing?

Posted on July 10, 2024 by grim

From NorthJersey.com: Real estate update: Nearly half of NJ counties saw housing inventory increase in June June marked the eighth consecutive month of housing inventory growth across the nation, with 36.7% more homes actively for sale than this time last year. The … Continue reading →

Posted in Demographics, Economics, Housing Bubble, New Jersey Real Estate | 89 Comments

The backyard economy has sprung a leak

Posted on July 8, 2024 by grim

From CNBC: The pool party’s over as Americans ease up on backyard upgrades Americans will be splashing around this summer in the backyard pools they’ve already got, but not splashing out as much on new ones.  Swimming pool installations were … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 50 Comments

Welcome to the Peak

Posted on July 2, 2024 by grim

Some great charts over at Visual Capitalist: Mapped: The Growth in U.S. House Prices by State in 2024 In 2024, U.S. home prices are steadily rising across nearly every state in America. Overall, home prices rose 6.6% annually as of the first … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate, New Jersey Real Estate | 217 Comments

Fire up the money machine

Posted on June 29, 2024 by grim

From Yahoo Finance: Mortgage rates decline for 4th straight week The national average on the 30-year, fixed-rate mortgage inched down to 6.86% from 6.87% a week prior, according to Freddie Mac’s report published on Thursday. Rates have declined for four … Continue reading →

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

No home for you

Posted on June 28, 2024 by grim

From CNN: The housing market is ‘stuck’ until at least 2026, Bank of America warns Help may not be on the way for first-time homebuyers frustrated by high mortgage rates and even higher home prices. Economists at Bank of America … Continue reading →

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

No chance of home price declines?

Posted on June 27, 2024 by grim

From Marketwatch: When will home prices go down? Six economists weigh in. “The U.S. housing shortage is still lingering based on our estimate of 4.5 million additional housing units that are required to make up for the gaps accumulated from … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate | 82 Comments

What’s the next year hold?

Posted on June 26, 2024 by grim

From Fast Company: Updated home price forecasts from Zillow and Moody’s for 400 housing markets Despite strained housing affordability, national home prices, as measured by the Zillow Home Value Index, increased by 3.9% from May 2023 to May 2024 (see … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate | 19 Comments

Expensive, no end in sight

Posted on June 25, 2024 by grim

From the Joint Center for Housing Studies at Harvard: THE STATE OF THE NATION’S HOUSING 2024 Both homeowners and renters are struggling with high housing costs. On the for-sale side, millions of potential homebuyers have been priced out of the … Continue reading →

Posted in Crisis, Demographics, Economics, Housing Bubble, National Real Estate | 22 Comments

Cracks in the market?

Posted on June 24, 2024 by grim

From ATTOM: New Jersey And Illinois Have Highest Concentrations Of Housing Markets At Risk Of DeclinesATTOM, a leading curator of land, property, and real estate data, today released a Special Housing Impact Report spotlighting county-level housing markets around the United States … Continue reading →

Posted in Demographics, Economics, Employment, Foreclosures, Housing Bubble, New Jersey Real Estate | 33 Comments