Category Archives: Housing Recovery

Ain’t the same bubble

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

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?

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

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”

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?

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

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

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

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?

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

No recession without housing?

Home price gains accelerate in September, S&P Case-Shiller Index says Sales of new U.S. single-family homes unexpectedly fell in October following recent strong gains, but the overall housing market remains supported by lower mortgage rates. After shrinking for much of … Continue reading

Posted in Demographics, Economics, Employment, Housing Recovery, National Real Estate | 33 Comments

No housing crisis yet…

From MarketWatch: Existing-home sales rebound 1.9% in October as low mortgage rates continue to provide a lift Sales of previously-owned homes rose 1.9% in October — the latest housing statistic to demonstrate the upward lift low mortgage rates have provided … Continue reading

Posted in Demographics, Economics, Housing Recovery, National Real Estate | 77 Comments

Pay up suckers

From HousingWire: Are homes under $250,000 nearing extinction? A recent report by economic research consultancy Capital Economics shared a stunning statistic: The number of vacant single-family homes for sale priced under $250,000 has halved since 2012. According to the report, at the … Continue reading

Posted in Demographics, Economics, Housing Recovery, National Real Estate | 157 Comments

So Much For Reurbanization

From Forbes: Millennials With Families Are Leaving Major Cities For The Suburbs, Transforming Them Into ‘Hipsturbia’  Just as their parents flocked to the suburbs, city-loving Millennials are doing the same yet transitioning some areas to “Hipsturbia,” a phrase revealed in … Continue reading

Posted in Demographics, Economics, Housing Recovery, National Real Estate, New Development | 67 Comments

Will they buy?

From HousingWire: The homebuyers are coming. The homebuyers are coming A flood of first-time homebuyers is about to hit the market over the next three years, according to newly released analysis from TransUnion.  TransUnion is currently projecting that at least 8.3 … Continue reading

Posted in Demographics, Economics, Housing Recovery, National Real Estate | 83 Comments