Category Archives: National Real Estate

Worst behind us?

From the NY Post: Here’s when US home price declines could end, Goldman Sachs says The ongoing plunge in US home prices may be nearing its end, Goldman Sachs analysts said in a note to clients this week. Long-term mortgage … Continue reading

Posted in Demographics, Economics, Employment, Housing Recovery, Mortgages, National Real Estate | 120 Comments

Hey 2010!

From Reuters: U.S. home sales slump to 12-year low; glimmers of hope emerging U.S. existing home sales plunged to a 12-year low in December, but declining mortgage rates raised cautious optimism that the embattled housing market could be close to … Continue reading

Posted in Demographics, Economics, Housing Bubble, Mortgages, National Real Estate | 90 Comments

Thorough, in-depth, housing forecast from smart Harvard guy.

From the NY Post: Why US home prices will fall another 10 percent, according to Harvard economist Pain across the US housing market that began last year is likely just getting started if interest rates remain high, star economist Ken … Continue reading

Posted in Economics, Housing Bubble, Mortgages, National Real Estate | 134 Comments

That’s it??

From Fortune: Up from here? The free-fall in housing market activity just concluded, says Capital Economics Not only did spiking mortgage rates prompt the Pandemic Housing Boom to fizzle out in the summer of 2022, they also pushed housing market transactions into … Continue reading

Posted in Economics, Housing Bubble, National Real Estate | 108 Comments

Helping with the mortgage

From Yahoo Finance: Housing expert: ‘Sellers are absolutely having to negotiate’ Housing expert: ‘Sellers are absolutely having to negotiate’ It’s the same housing story across the U.S., according to real estate agents in three U.S. cities. Sellers are offering more … Continue reading

Posted in Economics, Housing Bubble, Mortgages, National Real Estate | 47 Comments

Is it really so bad?

From Fox Business: Concerns over a ‘white collar recession’ grow as Goldman Sachs, Morgan Stanley, Amazon and others cut jobs Concerns about a “white collar recession” grew Tuesday after Goldman Sachs began to lay off workers as part of a plan to … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate | 107 Comments

Confidence improves … a little

From CNBC: Consumer confidence in housing finally rises, thanks to falling home prices Mortgage rates are still twice what they were a year ago, but home prices have been falling since June, and that’s finally making consumers feel better about … Continue reading

Posted in Economics, Housing Bubble, National Real Estate | 99 Comments

Not even that hot…

From Insider: The most honest man in real estate thinks the housing market isn’t going to crash Miller is a polymath: he has guided Floridians through understanding how Miami could adjust and profit off of the influx of New York-based buyers in … Continue reading

Posted in Economics, National Real Estate, NYC | 87 Comments

Jobs Day!

From the NYT: U.S. Labor Market Expected to Slow The Labor Department’s latest reading on nationwide employment is due at 8:30 a.m. Eastern time on Friday. Forecasters expect the report to show that payrolls grew by about 200,000 in December, … Continue reading

Posted in Economics, Employment, National Real Estate | 123 Comments

Home price gains continue to slow

From the WSJ: Home Prices Fell in October for Fourth Straight Month’ Home prices declined in October from the previous month as higher mortgage interest rates continued to weigh on home-buying demand. The S&P CoreLogic Case-Shiller National Home Price Index, which measures … Continue reading

Posted in Economics, Housing Bubble, Mortgages, National Real Estate | 208 Comments

Evictions keep piling up

From the Star Ledger: NJ continues to see backlog in eviction cases, but there are improvements If a landlord filed to evict a tenant in Essex County this year, there’s a good chance the court hasn’t yet turned to the … Continue reading

Posted in Economics, National Real Estate | 31 Comments

Sales Plunge in November

From Reuters: U.S. existing home sales fall for 10th straight month in November U.S. existing home sales slumped to a 2-1/2 year low in November as the housing market continued to be squeezed by higher mortgage rates. Existing home sales … Continue reading

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate | 120 Comments

Worrying our way into, and out of, a recession

From CNN: Why recession fears are back: Americans are losing faith From the executive suite to the grocery aisles to the halls of the Federal Reserve, the big question is: Can red-hot inflation be vanquished without tipping the economy into … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate | 62 Comments

Flipper profits falling fast

From CNBC: Home flipping profits drop at the fastest pace in over a decade As the housing market cools quickly, house flippers are finding it harder to make fast profits. In the third quarter, gross flipping profit, which is the … Continue reading

Posted in Housing Bubble, National Real Estate | 130 Comments

Fed raises, mortgage rates flat

From Mortgage News Daily: Mortgage Rates Remain Near Recent Lows Despite Fed’s Rate Hike It’s often said here, but bears repeating: by the time the Fed officially announces a rate hike, that rate hike is old news and of no … Continue reading

Posted in Economics, Mortgages, National Real Estate | 95 Comments