Category Archives: Housing Bubble

Does it need a comment?

Posted on August 11, 2024 by grim

From Mish: A $150,000 House in 1988 Now Costs $707,500 Thank You Fed

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

NJ #2 in price increases

Posted on August 7, 2024 by grim

From CoreLogic: Home-price growth starting to cool: CoreLogic Home prices continue to rise even as low inventory and high mortgage rates are keeping first-time and repeat homebuyers out of the market, but the pace of appreciation is starting to cool. That’s according to CoreLogic’s … Continue reading →

Posted in Demographics, Economics, Housing Bubble, New Jersey Real Estate | 109 Comments

Housing the next big issue?

Posted on August 6, 2024 by grim

From Politico: Priced out of housing, many younger disillusioned voters embrace populism From California to Krakow, young voters who are losing faith in democracy have been spurred in part by a surprising cause: high rents and rising property prices. The … Continue reading →

Posted in Crisis, Demographics, Economics, Housing Bubble, National Real Estate | 65 Comments

That was quick…

Posted on August 5, 2024 by grim

From CNBC: Treasury yields tumble as recession concerns take hold  U.S. Treasurys slid on Monday as fears about a recession grew after a series of key economic data was released last week. At 4:10 a.m. ET, the yield on the 10-year … Continue reading →

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

$775k in Garfield

Posted on August 2, 2024 by grim

From NJ.com: This multi-family N.J. home had 35 offers and sold for $126K over asking Home prices are getting out of reach, making multi-family homes a hot commodity. So when a two family home in Garfiled hit the market, it … Continue reading →

Posted in Housing Bubble, New Jersey Real Estate | 193 Comments

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