Category Archives: Mortgages

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

Pending sales post biggest drop in 3 years

Posted on May 31, 2024 by grim

From CNBC: Pending home sales in April slump to lowest level since the start of the pandemic Signed sales contracts on existing homes dropped 7.7% in April compared to March, the slowest pace since April 2020, according to the National … Continue reading →

Posted in Economics, Housing Bubble, Mortgages, National Real Estate | 117 Comments

Will builders pull back?

Posted on May 28, 2024 by grim

From CNBC: Sales of newly built homes tank in April, as prices and interest rates rise Sales of newly built homes dropped 4.7% in April compared with March, and fell a larger 7.7% from the prior year, the U.S. Census … Continue reading →

Posted in Demographics, Economics, Mortgages, National Real Estate, New Development | 37 Comments

April sales dip

Posted on May 23, 2024 by grim

From Reuters: US home sales post second straight monthly drop; house prices accelerate U.S. existing home sales unexpectedly fell in April as higher mortgage rates and house prices weighed on demand, dealing another setback to the housing market. Though the … Continue reading →

Posted in Economics, Housing Bubble, Mortgages, National Real Estate | 94 Comments

Heading back below 7?

Posted on May 16, 2024 by grim

From CNBC: Mortgage demand from homebuyers drops even as interest rates pull back to April lows Mortgage rates last week dropped to the lowest level since April, but buyers are still struggling to afford today’s housing market. As a result, … Continue reading →

Posted in Economics, Housing Bubble, Mortgages, National Real Estate | 53 Comments

Not quite the 70s…

Posted on May 7, 2024 by grim

From Yahoo Finance: Return to the ’70s? Today’s housing market has echoes of dark era. High inflation and a disappointing report on economic growth — followed by a sudden drop in stocks late last month — made for a familiar economic combination. … Continue reading →

Posted in Demographics, Economics, Employment, Mortgages, National Real Estate | 83 Comments

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

Mortgage rates hit 4 month high

Posted on April 18, 2024 by grim

From the Real Deal: Mortgage applications jump as buyers worry about rising rates Mortgage activity increased anyways, suggesting homebuyers and homeowners are concerned rates aren’t done rising. Applications for mortgage purchases and refinancings rose 3.3 percent on a seasonally adjusted … Continue reading →

Posted in Economics, Mortgages, National Real Estate | 62 Comments

Thanks Mom and Dad!

Posted on March 12, 2024 by grim

From Coldwell Banker: 2024 Consumer Survey Key Findings – March 2024 Over a quarter (26%) of surveyed consumers have not provided or do not plan to provide financial support for their child(ren)’s first home, compared to 38% who said they … Continue reading →

Posted in Demographics, Economics, Mortgages, National Real Estate | 103 Comments

What if rates don’t come down?

Posted on February 26, 2024 by grim

From Newsweek: Housing Market Update: Home Prices Reach Troubling Milestone Insufficient supply of homes in the market is pushing up prices, Wells Fargo economists said, making it tougher for Americans to afford a home amid elevated mortgage rates. The median sale … Continue reading →

Posted in Demographics, Economics, Housing Bubble, Mortgages, National Real Estate | 46 Comments