Category Archives: National Real Estate

NYC Metro sees strong price increase in September

Posted on November 30, 2023 by grim

From MarketWatch: Home prices continued ascent in September despite soaring mortgage rates: Case-Shiller Home prices showed no signs of slowing in September despite the record-high mortgage rates that rendered housing unaffordable for many Americans, according to the latest S&P CoreLogic Case-Shiller … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 3 Comments

Three’s Company is cool again

Posted on November 27, 2023 by grim

From CNBC: Gen Z, millennials are ‘house hacking’ to become homeowners in a tough market. How the strategy can help Gen Z and millennials are “hacking” the housing market as high prices and interest rates make affordability difficult. The term “house hacking” refers … Continue reading →

Posted in Crisis, Demographics, Housing Bubble, National Real Estate | 30 Comments

Return to normal in the spring?

Posted on November 26, 2023 by grim

From HousingWire: What will lower mortgage rates do to spring housing inventory? Lower mortgage rates tend to take housing supply off the market and demand has been picking up lately as rates have fallen. However, the recent drop in housing … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 10 Comments

Will real estate end 2024 lower?

Posted on November 25, 2023 by grim

From Business Insider: Home prices are poised to drop as the frozen housing market thaws, 2 top experts say House prices may be headed lower, dealing a blow to sellers but providing relief to buyers, two experts say. “The only … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 27 Comments

Tippy Top?

Posted on November 22, 2023 by grim

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

Free and Clear

Posted on November 18, 2023 by grim

From Daily Mail: Mortgage-free America! Share of US homes owned outright rises to an all-time high thanks to ageing boomers paying off their record-low deals The share of US homes that are owned outright has increased by 5 percent over … Continue reading →

Posted in Demographics, Economics, National Real Estate | 23 Comments

Somebody’s not happy

Posted on November 17, 2023 by grim

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

Tech’s outsized impact on real estate speculation

Posted on November 16, 2023 by grim

From Realtor.com: Reassessing the ‘Amazon Effect’ on Home Prices in One U.S. Metro Area Seattle-based Amazon’s announcement that it would be building a second headquarters in Northern Virginia boosted home prices and sales, albeit temporarily, according to a new report. … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate | 43 Comments

Least affordable … ever?

Posted on November 12, 2023 by grim

From Black Knight: From the NAHB: Rising Mortgage Rates Push Housing Affordability to Lowest Level in Index History Rising mortgage rates, elevated construction costs and limited existing inventory helped push housing affordability in the third quarter of 2023 to its … Continue reading →

Posted in Crisis, Demographics, Economics, Housing Bubble, National Real Estate | 73 Comments

Golden Handcuffs

Posted on November 8, 2023 by grim

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

End of the Realtors?

Posted on November 6, 2023 by grim

From CNN: After a $1.8 billion verdict, the clock is ticking on the 6% real estate commission Using a travel agent to buy a plane ticket or a stockbroker to trade equities seem like relics of the past. And yet, every … Continue reading →

Posted in National Real Estate, Unrest | 93 Comments

No end to price increases?

Posted on November 4, 2023 by grim

From Zillow: Home prices could spike nearly 5% in 2024: Zillow Anticipating mortgage rates to remain elevated and new home listings to slightly rise in the coming months, some experts predict home prices would increase 4.9% from August 2023 through … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 68 Comments

S&P Case Shiller: Prices up 2.6% YOY in August

Posted on November 3, 2023 by grim

From CNN: US home prices rose in August for the seventh straight month US home prices continued to rise in August, hitting a new record high and marking the seventh consecutive month of increases. Even as mortgage rates topped 7% in August, historically low inventory continued … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 61 Comments

Done?

Posted on November 2, 2023 by grim

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

Sorry kids, the boomers aren’t leaving what you thought they were.

Posted on October 29, 2023 by grim

Great piece from Insider: The myth of the Great Boomer Wealth Transfer When my husband’s grandmother turned 87, our family realized it was time for us to take over her affairs. Grandma Sue was ailing and recently widowed, so we decided that … Continue reading →

Posted in Demographics, Economics, National Real Estate, Where's the Beef? | 17 Comments