Category Archives: National Real Estate

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

Finally slowing?

From CNBC: Home prices began to cool in November after nine straight months of gains, S&P Case-Shiller says Home prices in November fell 0.2% from October, according to the S&P CoreLogic Case-Shiller national home price index. While that may not … Continue reading

Posted in Demographics, Economics, Housing Bubble, Mortgages, National Real Estate | 124 Comments

Zillow: Up, up, and away!

From Fortune: Zillow just raised its home price forecast, seeing a 3.7% jump in 2024, and it’s all because of ‘external factors’ Just as things had started looking up for the U.S. housing market, with mortgage rates dropping modestly, on Thursday Zillow revised … Continue reading

Posted in Housing Bubble, National Real Estate | 59 Comments

Prices to fall in 2024?

From Fast Company: Fannie Mae expects U.S. home prices to rise in 2024; Morgan Stanley disagrees “When we published our year-end forecast, we were expecting [housing] affordability to improve. . . . If mortgage rates were to stay here that improvement … Continue reading

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

Nobody selling, nobody buying

From PBS Newshour: U.S. existing home sales drop to near 30-year low Sales of previously occupied U.S. homes sank in 2023 to a nearly 30-year low as mortgage rates climbed to the highest level in more than two decades and … Continue reading

Posted in Housing Bubble, National Real Estate | 10 Comments

Oh Shiitake

From Fast Company: Decoding the U.S. housing market: What Opendoor’s performance reveals about home prices At the edge of the sprawling desert community of North Las Vegas, the four-bedroom home at 7473 Moonglade Street epitomized the impact of the mortgage rate shock … Continue reading

Posted in Economics, General, National Real Estate, Price Reduced | 68 Comments

Those were the days…

From Fox: This was the average cost of an American home in the decade you were born 1940 In 1940, without adjusting for inflation, the average cost of a home in the United States was $2,938, according to the United … Continue reading

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

Philly still hot

From the Philly Business Journal: Philadelphia-area home prices rose at fastest pace in December since spring 2022 The end of 2023 didn’t bring any relief in median home prices in Greater Philadelphia, with the year’s largest price spike coming in … Continue reading

Posted in Housing Bubble, National Real Estate, New Jersey Real Estate, Philly | 72 Comments

“Drive till you qualify”

From Business Insider: Millennials are moving to ‘the most boring places in the world’ For nearly two decades millennials morphed dense, amenity-rich urban neighborhoods across America into exclusive playgrounds for the young and childless. Compared with Gen Xers and baby … Continue reading

Posted in Crisis, Demographics, Economics, Housing Bubble, National Real Estate | 43 Comments