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Category Archives: National Real Estate
Go West, but not too far west.
From CBS News: Here’s where it’s toughest for the middle class to find an affordable home Homeownership is considered a mainstay of the American dream, but a shortage of affordable homes is blocking that pathway for many middle-income families, according … Continue reading
Foreclosures ticking up (but still low)
From Realtor.com: 2 Southern States Lead the U.S. With the Highest Number of Foreclosures Foreclosures have continued to inch upward, signaling that homeowners are being squeezed by the high cost of homeownership. There were a total of 36,033 U.S. properties … Continue reading
Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate
92 Comments
Used houses get even more used
From Redfin: The Homes Americans are Buying are Older Than Ever The typical home bought in the U.S. hit a record age of 36 years in 2024. That’s nine years older than the median age of homes purchased in 2012, … Continue reading
Northeast wins the first quarter
From HousingWire: NAR: Home prices are up in 83% of metros Home prices rose in more than 80% of U.S. metro areas in the first quarter of 2025 — even as affordability remained stretched and fewer markets posted double-digit gains. According to … Continue reading
Posted in Economics, Housing Bubble, National Real Estate
76 Comments
Nearly half of non-homeowners aren’t considering buying
From Gallup: Housing Market Perceptions Dampen Homebuying Intentions Homeownership appears to be further out of reach for non-homeowners in the U.S. Two-thirds of these Americans report being priced out of the market, and the smallest percentage recorded in years say … Continue reading
Posted in Crisis, Demographics, Economics, Housing Bubble, National Real Estate
100 Comments
Pocket listings in the crosshairs next?
From CNN: America’s largest real estate brokerages are fighting over private listings When a deal to buy Caitlin Bigelow’s San Francisco condo fell through last month, she felt relief, rather than disappointment. Bigelow was working with a Realtor she trusted … Continue reading
Posted in National Real Estate, Unrest
88 Comments
Tick tick tick
From Newsweek: Phoenix Housing Market Faces ‘Mass Sell-off’ as Home Values Plunge After the dust settled on the pandemic buying frenzy, which massively inflated home prices in the city, property values in Phoenix are collapsing. Real estate analyst Nick Gerli, … Continue reading
Posted in Housing Bubble, National Real Estate
60 Comments
March Pending Sales Down YOY
From HousingWire: Pending home sales post strong gain in March but lag behind 2024 pace Recent data hasn’t provided much optimism about the direction of the housing market, but one report suggests better conditions are on the way. The March reading … Continue reading
Posted in Economics, Housing Bubble, National Real Estate
68 Comments
Looking Gloomy
From the Dallas Fed: Growth continues in Texas manufacturing sector, but outlooks worsen Texas factory activity continued to rise in April, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state … Continue reading
Posted in Demographics, Economics, Employment, National Real Estate
136 Comments
Dear Mom & Dad…
From Business Insider: 5 years ago, only 85 US cities had starter homes that cost at least $1 million. Now there are 233. The typical price of a starter home was $1 million or higher in 233 US cities last month, a … Continue reading
Tippy Top?
From CNBC: March home sales drop to their slowest pace since 2009 Higher mortgage rates and concern over the broader economy are making for a weak start to the all-important spring housing market. Sales of previously owned homes in March … Continue reading
Posted in Economics, Housing Bubble, National Real Estate
189 Comments
Doh!
From the prestigious journal of economics and social commentary … Cracked: No Middle-Class Family Can Live Like ‘The Simpsons’ Anymore, Census Shows Over the past 36 seasons, The Simpsons has given us episodes about elaborate monorail scams, gun-toting babies and aliens from … Continue reading
Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate
87 Comments
Uh Oh…
From Zillow: Zillow Home Value and Home Sales Forecast (April 2025) Zillow’s latest forecast indicates a decline in home values coupled with an increase in existing home sales for 2025. While mortgage rates are in an especially unpredictable period, barring … Continue reading
Posted in Crisis, Demographics, Economics, Housing Bubble, National Real Estate
25 Comments
As goes stocks?
From NorthJersey.com: Do stock market’s ups and downs impact NJ’s real estate prices? We asked the experts The stock market experienced a historic rally on Wednesday following President Donald Trump’s announcement of a 90-day pause on most tariffs. The rally … Continue reading
Posted in Crisis, Demographics, Economics, Employment, National Real Estate
86 Comments
Deal time?
From Yahoo Finance: Builders sitting on a pile of unsold homes are slashing prices and offering mortgage rate deals Homebuilders are sitting on the most unsold homes since the depths of the Great Recession, giving buyers a chance to snag … Continue reading