Category Archives: National Real Estate

Not going to get better any time soon

From CNN: Home sales dropped 20% in August from a year ago Home sales declined for the seventh month in a row in August as higher mortgage rates and stubbornly high prices pushed prospective buyers out of the market. Sales of existing … Continue reading

Posted in Economics, Housing Bubble, National Real Estate | 96 Comments

Decision Day

From CNBC: Fed expected to hike rates by three-quarters of a point again, but its forecast may matter most It’s not what the Federal Reserve does, but what it says it could do in the future that will be most … Continue reading

Posted in Economics, Mortgages, National Real Estate | 122 Comments

Why sell?

From the Wall Street Journal: In a Slowing Housing Market, Sellers Ask: Why List a Home When You Can Collect Rent? After Mark and Melissa Reichert moved from California to Dallas, the couple put their home in the Los Angeles … Continue reading

Posted in Economics, National Real Estate | 112 Comments

Good time to buy?

From Fox Business: Redfin predicts sharpest turn in housing market since 2008 crash If you’re looking to buy a home soon, you’re in luck. After two years of record high sales, data shows the housing market is starting to cool down, but … Continue reading

Posted in Economics, Housing Bubble, Mortgages, National Real Estate | 42 Comments

Hang on to your mortgage

From CNBC: Inflation rose 0.1% in August even with sharp drop in gas prices Inflation rose more than expected in August as rising shelter and food costs offset a drop in gas prices, the Bureau of Labor Statistics reported Tuesday. … Continue reading

Posted in Economics, Mortgages, National Real Estate | 56 Comments

Upgrade your house … on Joe

From CBS News: Biden’s inflation law offers up to $14,000 for home upgrades. Here’s how to qualify. President Biden’s Inflation Reduction Act takes on climate change by helping Americansreduce their carbon footprint. A key element in that push is offering up … Continue reading

Posted in Economics, National Real Estate, Where's the Beef? | 206 Comments

The power of positive thinking

From Bloomberg: US Consumers See Home Prices Falling for First Time Since 2020 For the first time in two years, US consumers expect home prices to fall over the next 12 months. An August survey by Fannie Mae found that respondents see … Continue reading

Posted in Economics, Housing Bubble, National Real Estate | 107 Comments

Will services save us from recession?

From Quartz: The service economy is keeping the US from slipping into a recession As US manufacturing activity slows down, spending on services is keeping the American economy afloat, recent data suggests.  Growth in the services sector accelerated in August … Continue reading

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

Who pops first?

From MarketWatch: ‘An increasing squeeze on list prices.’ 3 top economists and real estate pros on the housing markets where home prices will drop the most this year Buyers in some markets are already getting — or may soon get … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate | 128 Comments

Feelin’ hot hot hot

From CNBC: Afternoon – any initial thoughts about if you need to rearrange resource alignment to accommodate for any changes in the portfolio structure? Job growth in August likely slowed from July’s frenzied pace, but it is still expected to … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate | 163 Comments

Moody Housing Markets

From Fortune: 183 housing markets could soon see home prices fall by 20%.

Posted in Housing Bubble, National Real Estate | 55 Comments

How low will it go?

From MarketWatch: U.S. house values fell for the first time since 2012, Zillow says. Sellers and buyers are facing a very different housing market to 2020 The housing market isn’t crashing, but it’s definitely feeling the burn. After two frenzied … Continue reading

Posted in Economics, Housing Bubble, National Real Estate | 231 Comments

Home sales plunge to two year low

From CNBC: Home sales fell nearly 6% in July as housing market slides into a recession Sales of previously owned homes fell nearly 6% in July compared with June, according to a monthly report from the National Association of Realtors. … Continue reading

Posted in Economics, Mortgages, National Real Estate | 62 Comments

Low rates – never again?

From the Washington Post: The Fed’s Damage to the Housing Market May Last Years With interest rates now hovering around 5%, existing-home sales are down more than 14% from last year. Some potential buyers are sitting on the sidelines until … Continue reading

Posted in Economics, Housing Bubble, Mortgages, National Real Estate | 54 Comments

Inventory … UP!

From the NAR: Realtor.com® July Housing Report: Inventory Rises at Record-Breaking Speed The inventory recovery accelerated in July, as active listings increased at record-fast1 annual pace (+30.7%) for the third month in a row, according to the Realtor.com® Monthly Housing Trends Report released … Continue reading

Posted in Housing Bubble, National Real Estate | 107 Comments