Category Archives: National Real Estate

Thanks Mom and Dad!

From Coldwell Banker: 2024 Consumer Survey Key Findings – March 2024 Over a quarter (26%) of surveyed consumers have not provided or do not plan to provide financial support for their child(ren)’s first home, compared to 38% who said they … Continue reading

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

Boomers back on top

From Philadelphia Magazine: Boomers Are Downsizing — and Dominating Philly’s Real Estate Market Take a walk through the Laurel, the recently completed luxury condo tower at Rittenhouse Square’s northwest corner, and you might mistake it for a retirement community. When you … Continue reading

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate | 83 Comments

Huh?

From the LA Times: Forget California exodus. New Jersey residents lead an influx back into the Golden State  After a half decade of Californians moving to places like Texas and Florida, an unlikely state has been supplying California with new … Continue reading

Posted in Demographics, Economics, National Real Estate, New Jersey Real Estate, Where's the Beef? | 16 Comments

All your wages are belong to us

Hat tip to ChiFi, not for this, but for everything he contributes. Hats off to you my friend. From the Visual Capitalist: Charted: U.S. Median House Prices vs. Income

Posted in Housing Bubble, National Real Estate | 115 Comments

All Hail Prince and Princess Snowflake

From the Guardian: Millennials on course to become ‘richest generation in history’ Millennials may have been portrayed as frivolous spenders squandering their income on overpriced coffees and online barre classes in the face of pitiful long-term finances – but they … Continue reading

Posted in Demographics, Economics, National Real Estate | 58 Comments

What if rates don’t come down?

From Newsweek: Housing Market Update: Home Prices Reach Troubling Milestone Insufficient supply of homes in the market is pushing up prices, Wells Fargo economists said, making it tougher for Americans to afford a home amid elevated mortgage rates. The median sale … Continue reading

Posted in Demographics, Economics, Housing Bubble, Mortgages, National Real Estate | 46 Comments

Are we in the 80s again?

From Fortune: Say goodbye to the peak of home price appreciation, Fortune 500 chief economist says—it’s behind us Back to the ’80s Fleming has spoken with Fortune on several occasions about the comparison of today’s housing market to that of the 1980s. … Continue reading

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 67 Comments

Demographics driving housing

From Newsweek: How Millennials Are Shifting the Housing Market For a large number of millennials, the generation born between 1981 and 1996, the time to buy a home has never been quite right. Older millennials were not yet 30 when … Continue reading

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 111 Comments

Dying? Already dead.

From Fast Company: How the starter home became a dying American dream When 26-year old Memphis resident DeMario Johnson returns to his home after working a long day servicing waterwells for the local utility in Raleigh, North Carolina, he doesn’t … Continue reading

Posted in Crisis, Demographics, Economics, Housing Bubble, National Real Estate | 93 Comments

Free and Clear

From NJ.com: More than 1 in 3 N.J. homes now mortgage free in major home debt shift More than one-third of homes in New Jersey are mortgage free, mirroring national trends and reaching new highs, federal data shows. U.S. Census … Continue reading

Posted in Demographics, Economics, Mortgages, National Real Estate, New Jersey Real Estate | 37 Comments

Florida’s new “property tax”

From the NY Post: Florida home prices fall as surging insurance costs scare buyers Home prices along Florida’s southwest coast have plummeted as excess inventory soars due to the ongoing insurance crisis that has gripped the Sunshine State. Realtors said that … Continue reading

Posted in Economics, National Real Estate, Unrest | 43 Comments

Oh boy, now they did it…

From Business Insider: The myth of the housing bubble Almost as soon as home prices began their unprecedented climb in 2020, doomsayers began warning of a looming crisis. The housing market, they claimed, was a bubble destined to burst. A … Continue reading

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

Mortgage see-saw takes it’s toll

From CNBC: Mortgage rates surge higher again, causing homebuyers to pull back After a brief reprieve in December and January, mortgage rates are moving higher again, and that is taking its toll on mortgage demand. Total mortgage application volume fell 2.3% … Continue reading

Posted in Economics, Housing Bubble, Mortgages, National Real Estate | 52 Comments

Short refi window closes

From CNBC: Mortgage rates jump back over 7% as stronger economic data rolls in The average rate on the popular 30-year fixed mortgage crossed over 7% on Monday for the first time since December, hitting 7.04%, according to Mortgage News Daily. … Continue reading

Posted in Demographics, Economics, Housing Bubble, Mortgages, National Real Estate | 111 Comments

Sorry Texas

… Louisiana, and Mississippi.

Posted in Economics, Housing Bubble, National Real Estate | 78 Comments