Category Archives: National Real Estate

When will rates impact housing?

Posted on August 14, 2023 by grim

From HousingWire: Where are mortgage rates headed? ast week ended with a wild ride for mortgage rates. We anticipated the two inflation reports could help mortgage rates, however, we had a bad bond auction last Thursday, and the 10-year yield rose sharply. Weekly … Continue reading →

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

You’ll need to find another way to launder money

Posted on August 11, 2023 by grim

From Reuters: US set to unveil long-awaited crackdown on real estate money laundering The U.S. Treasury Department will soon propose a rule that would effectively end anonymous luxury-home purchases, closing a loophole that the agency says allows corrupt oligarchs, terrorists … Continue reading →

Posted in Housing Bubble, National Real Estate, Politics | 74 Comments

Tipping Point

Posted on August 9, 2023 by grim

From MSN: The shrinking American home: As demand rises, builders go smaller “It’s pretty consistent nationally,” said Mikaela Arroyo, director of the New Home Trends Institute at John Burns Real Estate Consulting.  In an April report, JBREC surveyed 290 residential … Continue reading →

Posted in Demographics, National Real Estate, New Development, Where's the Beef? | 37 Comments

How high can we go?

Posted on August 8, 2023 by grim

From Black Knight: Home Prices Hit New Record Highs in 60% of Major Markets as Annual Growth Rate Rises, Boosting Homeowner Equity Levels The Black Knight Home Price Index (HPI) hit an all-time high in June, this time on both … Continue reading →

Posted in Housing Bubble, National Real Estate, New Jersey Real Estate | 32 Comments

Where NJ goes

Posted on August 7, 2023 by grim

From NJ 92.7: Leaving New Jersey: Where People Choose to Live Next #10. Delaware #9. Maryland #8. Georgia #7. Virginia #6. Texas #5. California #4. North Carolina #3. Florida #2. New York #1. Pennsylvania

Posted in Demographics, Economics, National Real Estate, New Jersey Real Estate | 82 Comments

Losing the greatest fools

Posted on August 3, 2023 by grim

From CNBC: Foreign buyers are bailing on the U.S. housing market. Here’s why International buyers are pulling back from the U.S. housing market, as high mortgage rates, soaring home prices, a meager supply of homes for sale and a strong dollar … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 69 Comments

NJ tops the chart

Posted on August 2, 2023 by grim

From MarketWatch: New Jersey house prices rise at fastest rate in the nation — but other states saw prices fall by up to 8% Good news for homeowners in New Jersey — home-price growth in the Garden State in June … Continue reading →

Posted in National Real Estate, New Jersey Real Estate | 65 Comments

Did the housing recession even start?

Posted on July 28, 2023 by grim

From the National Association of Realtors: NAR Economist: ‘Housing Recession Is Over’ Contract signings picked up the pace last month, and home buyers are increasingly facing multiple offer situations. NAR releases its housing forecast for the remainder of the year … Continue reading →

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

I’m going where there’s no recession

Posted on July 27, 2023 by grim

From Reuters: Fed staff drop US recession forecast, Powell says U.S. Federal Reserve Chair Jerome Powell said on Wednesday the central bank’s staff no longer forecasts a U.S. recession, and “we do have a shot” for inflation to return to … Continue reading →

Posted in Economics, National Real Estate | 33 Comments

Starting to feel a little toppy

Posted on July 26, 2023 by grim

From CNBC: Home prices continue to climb with ‘striking’ regional differences, says S&P Case-Shiller Home prices in May rose for the fourth straight month on the S&P CoreLogic Case-Shiller home price index, but regional differences are widening. The gains come despite … Continue reading →

Posted in Housing Bubble, National Real Estate | 57 Comments

Couldn’t help myself

Posted on July 24, 2023 by grim

From CoreLogic: CoreLogic Unveils an Insightful Look Back at Barbie Dreamhouse Prices from 1962 to 2023

Posted in Humor, National Real Estate, New Development | 60 Comments

The crazy continues

Posted on July 21, 2023 by grim

From CNN: US home prices stay near record high, even as sales drop in June US home prices continued to fall in June compared to a year ago, but that may not be much comfort to home buyers. Even after … Continue reading →

Posted in Housing Bubble, Mortgages, National Real Estate | 65 Comments

Recession fading away?

Posted on July 18, 2023 by grim

From CNBC: Goldman Sachs cuts odds of a U.S. recession in the next year Goldman Sachs revised down the odds of a U.S. recession happening in the next 12 months, cutting the probability down to 20% from 25% on the … Continue reading →

Posted in Economics, Employment, National Real Estate | 216 Comments

Find somewhere else to live

Posted on July 17, 2023 by grim

From CBS News: In ‘warfare against renters,’ homeowners fight affordable housing push At a packed City Hall meeting, one resident after another stood before the City Council of the suburban Phoenix city of Surprise pleading with officials to block the construction … Continue reading →

Posted in Crisis, Demographics, National Real Estate, New Development | 14 Comments

NJ takes #2 spot for May

Posted on July 12, 2023 by grim

From CoreLogic: CoreLogic: US Annual Home Price Growth Drops to the Lowest Rate in 11 Years in May CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, today released the CoreLogic Home Price Index (HPI™) and HPI Forecast™ for May 2023. … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate, New Jersey Real Estate | 152 Comments