Category Archives: Housing Bubble

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

“Drive till you qualify”

Posted on January 9, 2024 by grim

From Business Insider: Millennials are moving to ‘the most boring places in the world’ For nearly two decades millennials morphed dense, amenity-rich urban neighborhoods across America into exclusive playgrounds for the young and childless. Compared with Gen Xers and baby … Continue reading →

Posted in Crisis, Demographics, Economics, Housing Bubble, National Real Estate | 43 Comments

Buffalo is the place to be

Posted on January 8, 2024 by grim

From Buffalo Rising: Buffalo’s Real Estate Revolution: How It Became 2024’s Hottest Housing Market In the heart of the Great Lakes region, a remarkable transformation is unfolding. Buffalo, once overshadowed by larger cities, has surged to the forefront as the … Continue reading →

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

NJ real estate will do great … as long as rates drop

Posted on January 5, 2024 by grim

From NJ Spotlight News: NJ home sales poised for a 2024 comeback? In the first days of the new year, New Jersey analysts predicted that New Jersey’s beleaguered housing market is poised to make a comeback in 2024 if interest … Continue reading →

Posted in Economics, Housing Bubble, Mortgages, New Jersey Real Estate | 110 Comments

Seems like a long shot

Posted on January 3, 2024 by grim

From NJ1015: NJ one of 3 states expected to see housing market crash in 2024 It looks like New Jersey’s housing market may soon run out of steam. And that’s unfortunate for so many living in The Garden State. According … Continue reading →

Posted in Crisis, Demographics, Economics, Housing Bubble, New Jersey Real Estate | 195 Comments

What’s next year got in store?

Posted on December 30, 2023 by grim

From Bankrate: 2024 first-quarter housing trends: Rates begin to thaw “We typically see housing inventory remaining low until February and then ramping up from March onward,” says Lawrence Yun, chief economist for the National Association of Realtors. “Homebuying and open … Continue reading →

Posted in Economics, Housing Bubble, Housing Recovery, Mortgages, National Real Estate, Where's the Beef? | 40 Comments

Home prices rise at the fastest rate of the year

Posted on December 27, 2023 by grim

From CNN: US home prices hit another record high in October, rising for the ninth straight month US home prices continued to rise in October, hitting a new record high and marking the ninth-consecutive month of increases, according to data … Continue reading →

Posted in Housing Bubble, National Real Estate | 89 Comments

Like the good ol’ days

Posted on December 18, 2023 by grim

From Business Insider: HENRYs are turning to a little-known and risky type of mortgage as home prices soar  With home prices and mortgage rates sky high, potential homeowners — even those with deep pockets — are looking for ways to ease the … Continue reading →

Posted in Economics, Employment, Housing Bubble, National Real Estate, NYC, Risky Lending | 112 Comments