Category Archives: National Real Estate

Rebalancing or Crash?

From MarketWatch: Annual home price growth saw ‘the greatest single-month slowdown’ since at least the early 1970s. Does this mean homebuyers are finally getting a break? Is this the news home buyers have finally been looking for? In June, the … Continue reading

Posted in Economics, Housing Bubble, National Real Estate | 140 Comments

Ain’t the same bubble

From Yahoo Finance/Bloomberg: Almost Half of Mortgaged Homes in US Now Considered Equity-Rich Nearly half of mortgaged properties were considered equity-rich in the second quarter — meaning owners had at least 50% in home equity. This marked the ninth straight … Continue reading

Posted in Housing Recovery, National Real Estate | 40 Comments

Where people “go” to work

From the NYT: What Remote Work Debate? They’ve Been Back at the Office for a While. The competition for parking space is getting steeper. Commutes are inching longer. Workplace lounges are filling up with commotion as junior associates play cornhole. … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate | 111 Comments

Housing market slows … kind of

From CNBC: Home prices cooled at a record pace in June, according to housing data firm Rising mortgage rates and inflation in the wider economy caused housing demand to drop sharply in June, forcing home prices to cool down. Home … Continue reading

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

Is Dr. Doom Right?

From Bloomberg: Shallow Recession Calls Are ‘Totally Delusional,’ Roubini Warns Economist Nouriel Roubini said the US is facing a deep recession as interest rates rise and the economy is burdened by high debt loads, calling those expecting a shallow downturn … Continue reading

Posted in Economics, Employment, National Real Estate | 234 Comments

We’ve never wanted a recession so badly

From MarketWatch: A ‘fake’ recession? The U.S. economy is in decent shape for now despite weak GDP The U.S. might fall prey to recession in the near future, but it isn’t entering one now and any such talk of a … Continue reading

Posted in Economics, Employment, National Real Estate | 64 Comments

Doesn’t this mean there won’t be a recession?

From CNBC: 70% of Americans think a recession is coming: Here’s what they are doing to prepare Experts are weighing the odds as to how likely a recession is and how fast it could come upon us. Most Americans — … Continue reading

Posted in Demographics, Economics, National Real Estate | 116 Comments

Like all the locals here I’ve had to sell my home, too proud to leave I work my fingers to the bone.

From the NYT: The Shrinking of the Middle-Class Neighborhood When Ashley Broadnax thinks of the East Nashville neighborhood she grew up in during the ’90s, the images that rush in have a modest, middle-class tinge. After school, she and other … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate | 74 Comments

Work From (Rented) Home

From the NYT: Renters Face Fiercest Competition in Florida and the Northeast Demand for apartments in Florida has intensified, followed by markets in Pennsylvania and New Jersey, as Americans embrace remote work. As pandemic restrictions ease and remote work becomes … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate | 69 Comments

Which states are leading the recession?

From the BEA: Gross Domestic Product by State, 1st Quarter 2022

Posted in Economics, National Real Estate | 58 Comments

Jobs Clues

From Fox Business: Jobs report will offer fresh recession clues The Labor Department’s monthly jobs report due out Friday is likely to show U.S. employers hired fewer workers last month than in May, and economists say the slowdown may serve … Continue reading

Posted in Economics, Employment, National Real Estate | 70 Comments

Maybe not a recession…

Some of my favorite folks on Bloomberg: Ritholtz: Data Doesn’t Support US Recession

Posted in Economics, National Real Estate | 69 Comments

Will prices hold?

From Bloomberg: Manhattan Home Prices Hit a Record While Sales Frenzy Winds Down Manhattan home sales showed continued strength in the second quarter, though there are clear signs that fears of a recession are slowing down the market. Purchases of condos … Continue reading

Posted in Economics, Housing Bubble, Housing Recovery, National Real Estate | 161 Comments

Northeast Holds Out

From Forbes: Pending Home Sales See Surprise Rebound In May, But Experts Warn Housing Market Is ‘Undergoing A Transition’ Pending home sales, which measure signed contracts on previously owned and existing properties, unexpectedly rose slightly in May, up 0.7% compared … Continue reading

Posted in Economics, National Real Estate | 146 Comments

The blow off top?

From the Street: Something Strange is Happening With Home Prices The latest news out of the housing market isn’t good. Mortgage rates are soaring, and sales are dropping.  The one puzzler is what’s happening with prices. … “Fixed mortgage rates … Continue reading

Posted in Housing Bubble, National Real Estate | 111 Comments