Category Archives: Housing Recovery

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

Recovery!

Posted on June 28, 2023 by grim

From CNBC: Home prices rose for third straight month in April, S&P Case-Shiller index says Home prices peaked last June, falling sharply through the beginning of this year. Now, they’re recovering steadily. Home prices in April were still down 0.2% … Continue reading →

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

Mortgage rates drop

Posted on March 14, 2023 by grim

From CNBC: Mortgage rates tumble in the wake of bank failures The average rate on the popular 30-year fixed mortgage dropped to 6.57% on Monday, according to Mortgage News Daily. That’s down from a rate of 6.76% on Friday and a … Continue reading →

Posted in Economics, Housing Recovery, Mortgages, National Real Estate | 115 Comments

Corelogic December Housing Market Data

Posted on February 9, 2023 by grim

From CoreLogic: U.S. Home Price Insights – February 2023 December 2022 National Home Prices Home prices nationwide, including distressed sales, increased year over year by 6.9% in December 2022 compared with December 2021. On a month-over-month basis, home prices declined … Continue reading →

Posted in Economics, Housing Bubble, Housing Recovery, Mortgages, National Real Estate | 87 Comments

Worst behind us?

Posted on January 26, 2023 by grim

From the NY Post: Here’s when US home price declines could end, Goldman Sachs says The ongoing plunge in US home prices may be nearing its end, Goldman Sachs analysts said in a note to clients this week. Long-term mortgage … Continue reading →

Posted in Demographics, Economics, Employment, Housing Recovery, Mortgages, National Real Estate | 120 Comments

Ain’t the same bubble

Posted on August 6, 2022 by grim

From Yahoo Finance/Bloomberg: Almost Half of Mortgaged Homes in US Now Considered Equity-Rich Nearly half of mortgaged properties were considered equity-rich in the second quarter — meaning owners had at least 50% in home equity. This marked the ninth straight … Continue reading →

Posted in Housing Recovery, National Real Estate | 40 Comments

Housing market slows … kind of

Posted on August 1, 2022 by grim

From CNBC: Home prices cooled at a record pace in June, according to housing data firm Rising mortgage rates and inflation in the wider economy caused housing demand to drop sharply in June, forcing home prices to cool down. Home … Continue reading →

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

Will prices hold?

Posted on July 6, 2022 by grim

From Bloomberg: Manhattan Home Prices Hit a Record While Sales Frenzy Winds Down Manhattan home sales showed continued strength in the second quarter, though there are clear signs that fears of a recession are slowing down the market. Purchases of condos … Continue reading →

Posted in Economics, Housing Bubble, Housing Recovery, National Real Estate | 161 Comments

Welcome Back

Posted on February 23, 2022 by grim

From CNN: Home prices skyrocketed last year. Two regions saw the biggest increases Home prices rose 18.8% in 2021, according to the S&P CoreLogic Case-Shiller US National Home Price Index, the biggest increase in 34 years of data and substantially … Continue reading →

Posted in Economics, Housing Bubble, Housing Recovery, National Real Estate | 218 Comments

No return to “normal”

Posted on February 2, 2022 by grim

From A Wealth of Common Sense: Why It Could Be Years Until We See a Normal Housing Market The people buying homes today have excellent credit scores. This wasn’t the case in the subprime boom of the early-to-mid aughts when … Continue reading →

Posted in Demographics, Economics, Employment, Housing Recovery, National Real Estate | 120 Comments

Another good year for RE?

Posted on January 16, 2020 by grim

From HousingWire: CoreLogic: Expect home prices to rise 5% by next November In November, home prices climbed by 3.7% from the previous year, according to CoreLogic’s latest Home Price Forecast. The CoreLogic HPI projects future home price growth based on several economic … Continue reading →

Posted in Demographics, Economics, Employment, Housing Recovery, National Real Estate | 116 Comments

Still strong on LI

Posted on January 12, 2020 by grim

From LI Business News: Long Island home prices climb on strong sales Prices of Long Island homes sold last month rose compared with a year ago, boosted by strong demand and a shrinking supply. The median price of homes contracted … Continue reading →

Posted in Economics, Housing Recovery, NYC | 36 Comments

November Pending Sales

Posted on December 31, 2019 by grim

From CNBC: US pending home sales rise in November Contracts to buy previously owned U.S. homes rose in November, driven by a surge in new contracts being signed in the country’s West, the National Association of Realtors said on Monday. … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate | 128 Comments

Housing still looking good

Posted on December 26, 2019 by grim

From HousingWire: Home sale prices increased over 5% in the last month Home sale prices increased 5.2% year over year in November, according to a new report from Redfin. Now, home sale prices are at a median of $311,600, the largest increase since … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate | 41 Comments

Nobody wants to sell?

Posted on December 2, 2019 by grim

From the Real Deal Home prices accelerate nationally as owners stay longer The pace of rising home prices quickened in September and existing home sales ticked up 1.9 percent. Average home prices in cities across the nation rose 3.2 percent … Continue reading →

Posted in Demographics, Economics, Employment, Housing Recovery, National Real Estate | 21 Comments