Category Archives: Mortgages

Welcome to ’95

Posted on December 24, 2024 by grim

From the NY Post: Home sales rise at fastest pace since March — but market set for worst year since 1995 Sales of previously occupied US homes rose in November to their fastest pace since March with home shoppers encouraged … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, Mortgages, National Real Estate | 37 Comments

Forecast down?

Posted on December 6, 2024 by grim

From Seeking Alpha: US home prices expected to fall further than previously forecast, Fannie Mae says U.S. home prices are expected to slow further than previously forecast next year and in 2026, according to Fannie Mae’s (OTCQB:FNMA) latest Home Prices Expectations … Continue reading →

Posted in Demographics, Economics, Housing Bubble, Mortgages, National Real Estate | 71 Comments

Fed Cuts!

Posted on November 7, 2024 by grim

From CNBC: Federal Reserve cuts interest rates by a quarter point The Federal Reserve approved its second consecutive interest rate cut Thursday, moving at a less aggressive pace than before but continuing its efforts to rightsize monetary policy. In a … Continue reading →

Posted in Economics, Housing Bubble, Mortgages, National Real Estate | 17 Comments

Make me move

Posted on November 4, 2024 by grim

From CNET: Most Homebuyers Won’t Budge Until Mortgage Rates Drop to 4%, CNET Survey Finds A recent CNET survey found that half of US adults say lower mortgage rates would make them realistically consider purchasing a house. If average mortgage rates were … Continue reading →

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

Time to spend!

Posted on September 25, 2024 by grim

From CNBC: Mortgage rates dip, giving U.S. homebuyers over $200,000 in additional spending power in some U.S. cities U.S. home buyers are gaining tens of thousands in purchasing power as mortgage rates drop. With 30-year fixed mortgage rates declining from 7.79% … Continue reading →

Posted in Demographics, Economics, Housing Bubble, Mortgages | 79 Comments

Back to “normal”?

Posted on September 23, 2024 by grim

From the AP: For home shoppers, the Fed’s big rate cut is likely just a small step towards affording a home The Federal Reserve gave home shoppers what they hoped for this week: a big rate cut and a signal … Continue reading →

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

Fed unexpectedly cuts by 50

Posted on September 19, 2024 by grim

From CNBC: Fed slashes interest rates by a half point, an aggressive start to its first easing campaign in four years The Federal Reserve on Wednesday enacted its first interest rate cut since the early days of the Covid pandemic, … Continue reading →

Posted in Economics, Employment, Mortgages, National Real Estate | 208 Comments

Will rate cuts unleash inventory and crash the market?

Posted on August 13, 2024 by grim

From Realtor.com: Experts Predict What the Real Estate Market Will Look Like Once Mortgage Rates Drop The high mortgage rates that have paralyzed America’s housing market are falling—and could nosedive further by the end of the year. Rates for a 30-year … Continue reading →

Posted in Economics, Housing Bubble, Mortgages, National Real Estate | 16 Comments

Chop chop chop

Posted on August 12, 2024 by grim

From Business Insider: Buyers catch a break: Home prices just fell the most in 2 years Homebuyers are finally starting to see the housing market shift in their favor, with home prices being slashed at the fastest pace in two years, … Continue reading →

Posted in Housing Bubble, Mortgages, National Real Estate, Price Reduced | 59 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 real estate boom is …. coming?

Posted on July 11, 2024 by grim

From Fox Business: Real estate tycoon explains when house prices will start to drop and ‘open the floodgates’ Over the next year, two macroeconomic indicators may align and create booming opportunities in real estate, according to RE/MAX’s chairman and co-founder. … Continue reading →

Posted in Demographics, Economics, Mortgages, National Real Estate | 110 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

What’s it take to get banned by Freddie and Fannie?

Posted on June 16, 2024 by grim

From the Real Deal: Meridian makes cuts to New Jersey office  Meridian Capital Group has let go of brokers in its New Jersey office as the brokerage goes through a leadership shakeup and a blacklist from Freddie Mac and Fannie … Continue reading →

Posted in Mortgages, NYC, Risky Lending | 26 Comments

Another month, another record

Posted on June 14, 2024 by grim

From Redfin: U.S. Home Prices Hit Another Record High, But Mortgage Rates Are Starting to Decline–Which Could Give Buyers Relief The median U.S. home-sale price hit an all-time high of $394,000 during the four weeks ending June 9, up 4.4% … Continue reading →

Posted in Housing Bubble, Mortgages, National Real Estate | 42 Comments

Pays to own a home in NJ

Posted on June 13, 2024 by grim

(Until it doesn’t) From CoreLogic: Homeowner Equity Insights – Q1 2024 CoreLogic analysis shows U.S. homeowners with mortgages (roughly 62% of all properties*) have seen their equity increase by a total of $1.5 trillion since the first quarter of 2023, … Continue reading →

Posted in Economics, Mortgages, National Real Estate, New Jersey Real Estate | 85 Comments