Category Archives: Housing Bubble

Has the slowdown begun?

Posted on April 19, 2024 by grim

From CNBC: March homes sales dropped despite a surge in supply. Here’s why. Sales of previously owned homes dropped 4.3% in March compared with February, to a seasonally adjusted annualized rate of 4.19 million units, according to the National Association … Continue reading →

Posted in Economics, Housing Bubble, Mortgages, National Real Estate | 97 Comments

The boomers won’t go

Posted on April 17, 2024 by grim

Hat Tip VSG & Chi – From the WSJ: Boomers Bought Up the Big Homes. Now They’re Not Budging. Baby boomers bought up many of the big homes across the U.S. when they were raising their families. Now they’re staying … Continue reading →

Posted in Crisis, Demographics, Economics, Housing Bubble, National Real Estate | 59 Comments

Single family as a luxury good

Posted on April 15, 2024 by grim

From Marketplace: Home prices have risen 423% in 40 years, fueling economic discontent  We’ve been dealing with high inflation in this economy over the last several years, with everything from groceries to new vehicles to construction supplies soaring in price. But for one item in particular — houses … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate | 139 Comments

Where does it stop?

Posted on April 12, 2024 by grim

From Patch: Home Prices Jumped 10 Percent This Year In These NJ Counties Atlantic Bergen Burlington Camden Cape May Cumberland Essex Gloucester Hudson Hunterdon Mercer Middlesex Monmouth Morris Ocean Passaic Salem Somerset Sussex Union Warren

Posted in Housing Bubble, New Jersey Real Estate | 119 Comments

You can’t afford it

Posted on April 5, 2024 by grim

From Business Insider: A record 550 cities now have average home values above $1 million A record number of US cities have an average home value of more than $1 million — a sign that the housing market is becoming … Continue reading →

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

NJ led the Northeast in February

Posted on April 3, 2024 by grim

From Corelogic: CoreLogic: US Annual Home Price Growth Slows but Still Up by Over 5% in February U.S. annual home price growth remained mostly consistent with numbers seen since last fall in February but finally slowed as the residual impact … Continue reading →

Posted in Housing Bubble, National Real Estate, New Jersey Real Estate | 30 Comments

New Home Sales Tank

Posted on March 26, 2024 by grim

From Newsweek: Home Sales Collapse in Several States Sales of new homes in the Northeast and the Midwest plunged in February, helping to bring down the market overall across the country, as elevated mortgage rates dissuaded buyers from purchasing property. … Continue reading →

Posted in Housing Bubble, National Real Estate, New Development | 78 Comments

Better move fast

Posted on March 25, 2024 by grim

From the Star Ledger: N.J. ranks second in nation for fastest selling homes. See latest list. Homes in New Jersey sold within a median of 39 days in February, the second fastest in the nation, the latest data from Realtor.com showed. Only … Continue reading →

Posted in Economics, Housing Bubble, New Jersey Real Estate | 71 Comments

Welcome to Spring – Best February Prices Ever

Posted on March 22, 2024 by grim

From CNN: US home sales surged last month, despite highest February prices on record Sales of previously owned homes in the US unexpectedly soared in February to the highest level in a year, in a sign that buyers are returning … Continue reading →

Posted in Comp Killer, Housing Bubble, National Real Estate | 149 Comments

Back to normal or just gridlocked?

Posted on March 20, 2024 by grim

From Mansion Global: U.S. Home Price Growth Is Back to Where It Was Pre-Pandemic After three years of drastic price fluctuations—with values surging and then cooling down—home price growth in the U.S. is back to where it was before the … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 138 Comments

NY Metro Rents Skyrocket

Posted on March 18, 2024 by grim

From the Record: Rents are skyrocketing. This report breaks down just how much Housing prices just don’t seem to be letting up. In February, rentals saw the largest increase in price nationwide in more than a year, according to Rent.com’s … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, New Jersey Real Estate, NYC | 90 Comments

Commergeddon

Posted on March 17, 2024 by grim

From the WSJ: America’s Office Fire Sale Has Barely Begun If offices are in such hot water, where are all the forced sellers? Office-building owners have been under pressure since the Covid-19 pandemic hollowed out their buildings in early 2020. According to data … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate | 36 Comments

Transit-based redevelopment

Posted on March 14, 2024 by grim

From Newsweek: Housing Market Solution Could Help New Jersey New Jersey might have just found a solution to its affordable housing crisis, and it involves the undeveloped land outside of its transit system. The Regional Plan Association found 74,000 acres of land … Continue reading →

Posted in Demographics, Housing Bubble, New Development, New Jersey Real Estate, Politics | 95 Comments

Jobs Day!

Posted on March 8, 2024 by grim

From the WSJ: Jobs Report Today: What to Watch Investors’ eyes are on the jobs report today. February’s jobs data are due at 8:30 a.m. ET. Economists expect that hiring cooled from January. A softer labor market could translate into … Continue reading →

Posted in Demographics, Economics, Housing Bubble | 144 Comments

This is the top 20?

Posted on March 7, 2024 by grim

From NJ1015: The top 10 hottest towns in New Jersey to buy a home

Posted in Economics, Housing Bubble, New Jersey Real Estate, Where's the Beef? | 33 Comments