Category Archives: Mortgages

At least we still have the house

From the WSJ: Americans Have $35 Trillion in Housing Wealth—and It’s Costing Them The extra half a million dollars seemed to come so easily—on paper, at least.  In 2021, Nikole Flores and Rocco Savage bought an 1,800-square-foot home in Miami … Continue reading

Posted in Crisis, Employment, Housing Bubble, Mortgages | 154 Comments

What’s going to happen to the spring market?

From NPR: More homes are finally hitting the spring market. Will buyers take the plunge? It’s springtime, and “For Sale” signs are popping up in front of homes across the country. But with so much uncertainty in the economy, it’s … Continue reading

Posted in Demographics, Economics, Employment, Mortgages, National Real Estate, New Jersey Real Estate | 91 Comments

“How can the housing market keep growing in 2025?”

From JP Morgan: The outlook for the US housing market in 2025 The U.S. housing market is likely to remain largely frozen through 2025. Some growth is still expected, but at a very subdued pace of 3% or less. Demand … Continue reading

Posted in Demographics, Economics, Housing Bubble, Mortgages, National Real Estate | 130 Comments

Uh Oh

From HousingWire: Home sales are stalled with 7% mortgages New contracts for home purchases are coming in very low this month. We counted 10% fewer home sales for the week than the same week a year ago. In the fourth … Continue reading

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

Welcome to ’95

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?

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!

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

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!

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”?

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

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?

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

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

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?

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