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Category Archives: Housing Recovery
Recovered or back to a bubble?
From HousingWire: CoreLogic: Housing market nearly recovered from recession CoreLogic, a global property information, analytics and data-enabled solutions provider, released a report outlining the real estate economy from 2006 to 2017, showing that the housing market has nearly completely recovered … Continue reading
Top? Anywhere? Anyone see a top?
From CNBC: Home prices surge 6.3% in December amid critical housing shortage Sky-high demand and record-low supply continued to push home prices higher in December, far faster than income growth. U.S. home prices increased 6.3 percent compared with December 2016, … Continue reading
Net net … nothing?
From the Washington Post: Predictions of a crash in housing prices have not come true Were fears overblown that changes to the federal tax law would trigger plunging home values? You might recall the scary predictions that began coming last … Continue reading
Posted in Demographics, Economics, Employment, Housing Recovery, Politics
213 Comments
Case Shiller up 6.4% yoy
From HousingWire:
Yeah yeah, be priced out forever, we’ve heard that before.
From Forbes: 2018’s Housing Market Looks Good Unless You’re A First-Time Millennial Buyer The nation’s housing market for 2018 continues to look good, according to two recently released reports. But first-time millennial buyers will continue to struggle with affordability, especially … Continue reading
37% of large metros now overvalued
From HousingWire: CoreLogic: Home prices jump 7% annually in November CoreLogic’s HPI showed home prices increased 7% from November 2016 to November 2017 and jumped 1% from October to November. But these home price increases are expected to slow into … Continue reading
Up up and away
From CNBC: US home prices surged 6.2% from a year ago U.S. home prices climbed a robust 6.2 percent from a year ago, amid strong demand from would-be buyers and a shrinking supply of properties for sale. Standard & Poor’s … Continue reading
Posted in Economics, Housing Recovery, National Real Estate
15 Comments
Existing home sales hit 11 year high
From HousingWire: Existing home sales surge past decade high Existing home sales increased for the third straight month to their highest point in more than a decade, according to the latest report from the National Association of Realtors. Total existing … Continue reading
Great time to buy a house … again
From Bloomberg: Housing Market’s Comeback Is Poised to Accelerate Housing was the epicenter of the last recession. From the peak in 2005 to the end of the contraction in mid-2009, U.S. residential investment declined at an unprecedented rate of about … Continue reading
Posted in Demographics, Economics, Housing Recovery, National Real Estate
78 Comments
Still truckin’
From CNBC: US existing home sales increase more than expected U.S. home sales increased more than expected in October as hurricane-related disruptions dissipated, but a chronic shortage of houses which is pushing prices beyond the reach of some first-time buyers … Continue reading
Posted in Housing Recovery, National Real Estate
24 Comments
NJ Republicans vote to increase your taxes
From the Star Ledger: Senate Republicans just declared they want to kill your property tax deduction, New Jersey Senate Republicans just voted in favor of killing your property tax deduction, New Jersey. The GOP senators, whose states received $223 billion … Continue reading
July home sales beat expectations
From CNBC: Case-Shiller home price index rises 5.9%, beating expectations The S&P CoreLogic Case-Shiller home price index rose 5.9 percent in July compared a year ago, better than the 5.7 percent expected by economists polled by Reuters. The rise was … Continue reading
Posted in Economics, Housing Recovery, National Real Estate
124 Comments
Choking the market
From MarketWatch: Existing-home sales fall in August for the fourth time in five months Existing-home sales in August dropped for the fourth time in five months as real-estate agents continue to blame a lack of available homes to buy. The … Continue reading
The New Weehawken
From the Star Ledger: How the hottest real estate market in N.J. literally divided this tiny town Seemingly everyone knew this tiny cliffside town — all 1.4-square miles of it — would one day become a dynamic real estate market. … Continue reading
Posted in Gold Coast, Housing Recovery, New Development
256 Comments
Dynamics right for a bubble? Or is it different this time?
From the NY Post: Are we headed for another housing collapse? One decade after the biggest housing collapse in America’s history led to a global recession, could we be facing another crisis? “Not happening,” says Burns, adding that the 2007 … Continue reading