Category Archives: Mortgages

Finally slowing?

From CNBC: Home prices began to cool in November after nine straight months of gains, S&P Case-Shiller says Home prices in November fell 0.2% from October, according to the S&P CoreLogic Case-Shiller national home price index. While that may not … Continue reading

Posted in Demographics, Economics, Housing Bubble, Mortgages, National Real Estate | 124 Comments

#hodlforever

About time the rest of the industry noted the behavioral trend that we were one of first to identify and discuss. 2) Mortgage lock-in, and this is one of the major trends I’m looking at in the near future. Should … Continue reading

Posted in Crisis, Economics, Housing Bubble, Mortgages | 59 Comments

Prices to fall in 2024?

From Fast Company: Fannie Mae expects U.S. home prices to rise in 2024; Morgan Stanley disagrees “When we published our year-end forecast, we were expecting [housing] affordability to improve. . . . If mortgage rates were to stay here that improvement … Continue reading

Posted in Housing Bubble, Mortgages, National Real Estate | 78 Comments

Foreclosure Do-Over

From NJ Monitor: Gov. Murphy signs new foreclosure protection program into law New Jerseyans facing foreclosure will have a new path back to homeownership under a bill Gov. Phil Murphy signed Friday. The new law creates the community wealth preservation program, … Continue reading

Posted in Economics, Housing Bubble, Mortgages, New Jersey Real Estate, Risky Lending | 30 Comments

December a mixed bag for NJ real estate

From Yahoo Finance: Real estate market update: What happened with listings in North Jersey in December December is a traditionally slow month for real estate in New Jersey and across the nation. So it’s no surprise that North Jersey experienced … Continue reading

Posted in Demographics, Economics, Housing Bubble, Mortgages, New Jersey Real Estate | 66 Comments

NJ real estate will do great … as long as rates drop

From NJ Spotlight News: NJ home sales poised for a 2024 comeback? In the first days of the new year, New Jersey analysts predicted that New Jersey’s beleaguered housing market is poised to make a comeback in 2024 if interest … Continue reading

Posted in Economics, Housing Bubble, Mortgages, New Jersey Real Estate | 110 Comments

What’s next year got in store?

From Bankrate: 2024 first-quarter housing trends: Rates begin to thaw “We typically see housing inventory remaining low until February and then ramping up from March onward,” says Lawrence Yun, chief economist for the National Association of Realtors. “Homebuying and open … Continue reading

Posted in Economics, Housing Bubble, Housing Recovery, Mortgages, National Real Estate, Where's the Beef? | 40 Comments

Room to run

From Business Insider: The Fed brought some relief to the housing market The Federal Reserve’s forecast for easing monetary policy in 2024 fueled stocks to new highs, dragged bond yields lower, and sparked a fresh wave of exuberance across Wall Street.  … Continue reading

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

Uh Oh

From CNBC: Pending home sales drop to a record low, even worse than during the financial crisis Pending home sales, a measure of signed contracts on existing homes, dropped 1.5% in October from September. They hit the lowest level since … Continue reading

Posted in Crisis, Economics, Housing Bubble, Mortgages, National Real Estate | 111 Comments

Tippy Top?

From CNBC: Home sales fell to a 13-year low in October as prices rose Sales of previously owned homes were 4.1% lower in October compared with September, running at a seasonally adjusted annualized rate of 3.79 million units, according to … Continue reading

Posted in Economics, Housing Bubble, Mortgages, National Real Estate | 79 Comments

Somebody’s not happy

From the NYT: The Fed Has Put Our Housing Market in Jeopardy The Federal Reserve’s relentless attack on inflation is jeopardizing our housing market. The resulting damage is not only having an impact on a critical engine of economic growth … Continue reading

Posted in Crisis, Demographics, Economics, Housing Bubble, Mortgages, National Real Estate | 75 Comments

Golden Handcuffs

From the Philly Inquirer: How the ‘lock-in effect’ is helping shape today’s housing market Why? the supply of homes, as measured by homes for sale, is way down. It looks like we will end 2023 with inventory shrinking between 10% … Continue reading

Posted in Economics, Housing Bubble, Mortgages, National Real Estate | 77 Comments

Done?

From CNN: Markets rise after Federal Reserve hits pause again on rate hikes US markets soared higher Wednesday, rebounding after a dismal October and three straight months of losses. The Dow rose by 221 points, or 0.7%, in Wednesday trading. … Continue reading

Posted in Economics, Mortgages, National Real Estate | 86 Comments

Who the heck is refinancing right now?

From CNBC: Adjustable-rate mortgage demand hits highest level in nearly a year as interest rates continue to climb Mortgage demand has essentially stalled at the slowest pace since 1995 as mortgage interest rates continue to rise. Total application volume dropped … Continue reading

Posted in Economics, Housing Bubble, Mortgages, National Real Estate | 110 Comments

Where’s the tipping point? 9%? 10%?

From CNBC: The housing market was already painful, ugly and anxious. Now the 8% mortgage rate is back Today’s housing market is a toxic mix of high mortgage rates, high prices, tight supply and strangely strong pent-up demand — and … Continue reading

Posted in Economics, Housing Bubble, Mortgages, National Real Estate | 57 Comments