Category Archives: National Real Estate

Something’s going to give

Posted on June 1, 2023 by grim

From Seeking Alpha: Mortgage Rates Re-Spike To 7% Range As It Sinks In That Fed Won’t Cut Rates ‘Anytime Soon,’ Mortgage Applications Plunge To 1995 Levels Spring selling season was a dud. But what comes next may be worse, that’s … Continue reading →

Posted in Economics, Mortgages, National Real Estate | 72 Comments

Musk knows real estate?

Posted on May 31, 2023 by grim

From Insider: Elon Musk warns house prices are set to plunge – and says commercial real estate is in meltdown Elon Musk is once again ringing the alarm on the US real-estate sector.  “Commercial real estate is melting down fast. … Continue reading →

Posted in Demographics, Economics, National Real Estate | 97 Comments

Sorry about the price of your buildings

Posted on May 27, 2023 by grim

From the NY Post: Remote work is cutting NYC office value by half: Study Working from home is killing office buildings’ worth.  As remote and hybrid work prove to be enduring trends, researchers are predicting grim fates for the future … Continue reading →

Posted in Demographics, Economics, National Real Estate, New Development, NYC | 35 Comments

Time for the middle?

Posted on May 17, 2023 by grim

From the NY Times: Coastal Cities Priced Out Low-Wage Workers. Now College Graduates Are Leaving, Too. The college graduates who fill white-collar jobs in the San Francisco area began to leave in growing numbers about a decade ago. More and … Continue reading →

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

Why would they?

Posted on May 12, 2023 by grim

From the WSJ: The Home Buyer’s Quandary: Nobody’s Selling Many Americans who want to move are trapped in their homes—locked in by low interest rates they can’t afford to give up.  These “golden handcuffs” are keeping the supply of homes for … Continue reading →

Posted in Demographics, Economics, Mortgages, National Real Estate | 140 Comments

Gridlock

Posted on May 2, 2023 by grim

From the NYT: Home Buyers Are Eager but Sellers Are Scarce, Creating ‘Real Gridlock’ The housing market typically comes to life in spring, when buyers emerge in the warmer weather. This year, the market appears stuck in a deep freeze, and the … Continue reading →

Posted in Mortgages, National Real Estate | 68 Comments

One again, f&ck you, pay me.

Posted on April 29, 2023 by grim

From ScotusBlog: Justices appear likely to side with homeowner in foreclosure dispute Geraldine Tyler, a 94-year-old grandmother, lost her Minneapolis condo when she failed to pay the property taxes for several years. Tyler does not dispute that Hennepin County could … Continue reading →

Posted in National Real Estate, Property Taxes | 40 Comments

Tick tick tick

Posted on April 24, 2023 by grim

From DSNews: Q1 Foreclosure Activity Trends Upward ATTOM’s Q1 2023 U.S. Foreclosure Market Reporthas found that a total of 95,712 U.S. properties had foreclosure filings during Q1 of 2023, up 6% from Q4 of 2022, and up 22% year-over-year. The … Continue reading →

Posted in Foreclosures, National Real Estate | 180 Comments

Do we go negative now?

Posted on April 20, 2023 by grim

From Redfin: Home Prices Fell 3% in March—Biggest Annual Drop in Over a Decade The median U.S. home sale price fell 3.3% in March to $400,528, the largest year-over-year drop since 2012. That follows February’s 1.2% dip, which was the first annual … Continue reading →

Posted in Housing Bubble, Mortgages, National Real Estate | 139 Comments

Locked in is the new priced out

Posted on April 19, 2023 by grim

From DS News: Fannie Mae: ‘Lock-in Effect’ Amplifying Housing Shortages While the annual rate of increase in home prices slowed dramatically as a result of inflated interest rates, single-family home prices increased at a non-seasonally adjusted annual rate of 4.7% from … Continue reading →

Posted in Demographics, Mortgages, National Real Estate | 73 Comments

Welcome to the party

Posted on April 10, 2023 by grim

From Axios: Millennial homeowners outnumber renters for the first time Millennial homeowners outnumbered millennial renters for the first time last year, despite creeping interest rates and a tight real estate market. Driving the news: Nearly 52% of the first generation to grow … Continue reading →

Posted in Demographics, Economics, National Real Estate | 38 Comments

Don’t worry about commercial real estate…

Posted on April 9, 2023 by grim

From Insider: Most of Wall Street is panicking about commercial real estate – but Goldman Sachs says there’s little chance it triggers a financial crisis It seems like there are three words on the lips of every investor now that … Continue reading →

Posted in Economics, Mortgages, National Real Estate, Risky Lending | 24 Comments

Heating up!

Posted on April 7, 2023 by grim

From CNN: Mortgage rates fall for the fourth week in a row Homebuyers benefited from another week of falling mortgage rates, with the average rate dropping for the fourth week in a row, according to data from Freddie Mac released … Continue reading →

Posted in Economics, Mortgages, National Real Estate | 59 Comments

Jersey shore is underwater, but you still can’t get a good deal

Posted on April 6, 2023 by grim

From CNBC: A hidden time bomb? A ‘Big Short’ investor sees financial disaster brewing in housing markets More than a decade after a U.S. mortgage meltdown threatened to destroy the international financial system, a “Big Short” investor once again sees … Continue reading →

Posted in Crisis, National Real Estate, Risky Lending | 104 Comments

Spring doesn’t matter this year?

Posted on April 3, 2023 by grim

From Money: Why Seasonality Doesn’t Matter in the Housing Market This Spring The housing market usually has seasonal ebbs and flows. Spring is historically a very strong season for the real estate market, and home sales tend to peak during the warmest … Continue reading →

Posted in Mortgages, National Real Estate | 93 Comments