Category Archives: National Real Estate

First timers vs. Investors

Posted on September 26, 2024 by grim

From HousingWire: Investors are purchasing fewer homes, but they still account for nearly 25% of sales The share of single-family homes sold to investors peaked at nearly 30% at the start of this year, but these types of transactions dropped … Continue reading →

Posted in Crisis, Demographics, Economics, Housing Bubble, National Real Estate | 125 Comments

Back to “normal”?

Posted on September 23, 2024 by grim

From the AP: For home shoppers, the Fed’s big rate cut is likely just a small step towards affording a home The Federal Reserve gave home shoppers what they hoped for this week: a big rate cut and a signal … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, Mortgages, National Real Estate | 97 Comments

Fed unexpectedly cuts by 50

Posted on September 19, 2024 by grim

From CNBC: Fed slashes interest rates by a half point, an aggressive start to its first easing campaign in four years The Federal Reserve on Wednesday enacted its first interest rate cut since the early days of the Covid pandemic, … Continue reading →

Posted in Economics, Employment, Mortgages, National Real Estate | 208 Comments

August heats up

Posted on September 18, 2024 by grim

From Redfin: U.S. Home Prices Rose 0.5% in August, the Biggest Increase in 4 Months U.S. home prices grew 0.5% in August on a seasonally adjusted basis, the largest month-over-month increase since April.  On a year-over-year basis, home prices rose … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 127 Comments

Starter home? What’s that?

Posted on September 17, 2024 by grim

From CBS News: As more first-time homebuyers are priced out, what can revive the American starter home? Felicia Ellis is actively looking to buy her first home by the end of the year. A three-bedroom, two-bathroom house on a tree-lined street in … Continue reading →

Posted in Crisis, Demographics, Economics, Housing Bubble, National Real Estate, New Development | 103 Comments

Ah damn, now they’ve gone and done it

Posted on September 13, 2024 by grim

From MSN: Home prices almost never go down Beginning in the 70s and into the 80s, baby boomers who were coming of age and entering the housing world fueled a boom, so home prices generally rose (as did mortgage rates). An … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 175 Comments

Vampire squid says prices are going up

Posted on September 11, 2024 by grim

From Goldman Sachs: US house prices are forecast to rise more than 4% next year US home prices are expected to climb as the Federal Reserve begins cutting interest rates while the underlying economy is still firm, according to Goldman … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate | 71 Comments

Can’t afford to stay, can’t afford to go

Posted on September 3, 2024 by grim

From The Hill: Americans moving at lowest rate in decades: Census Bureau analysis The percentage of Americans who move is at its lowest rate in recent history. And new research suggests the rate will stay low for quite some time. … Continue reading →

Posted in Demographics, Economics, Employment, National Real Estate | 23 Comments

Uh oh, are buyers all gone?

Posted on August 31, 2024 by grim

From Barrons: U.S. Pending Homes Sales Slip to Lowest Level on Record The number of homes going under contract in the U.S. fell back sharply in July, reaching its lowest in decades as soaring prices bar many Americans from the … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 57 Comments

DOJ accuses RealPage of price fixing

Posted on August 25, 2024 by grim

From ProPublica: DOJ Files Antitrust Suit Against RealPage, Maker of Rent-Setting Algorithm The Department of Justice and eight states on Friday sued the maker of rent-setting software that critics blame for sending rents soaring in apartment buildings across the country. … Continue reading →

Posted in Housing Bubble, National Real Estate, Unrest | 81 Comments

Market finally moderating?

Posted on August 23, 2024 by grim

From CNBC: Home sales rose in July for the first time in five months Closed sales of previously owned homes rose 1.3% in July compared with June to a seasonally adjusted, annualized rate of 3.95 million units, according to the … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 66 Comments

Hottest Zip Codes in NJ

Posted on August 22, 2024 by grim

From Fox 5: These NY, NJ towns have the hottest ZIP codes for home sales  Realtor.com has released its 2024 list of hottest zip codes for home sales, and towns in NY and NJ made the list!…Seven of the 10 hottest zip … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate, New Jersey Real Estate | 53 Comments

Tippie top?

Posted on August 21, 2024 by grim

From Mansion Global: U.S. Home Price Growth Is Finally Slowing Down U.S. house prices rose 6.8% annually in July, marking the lowest annual increase since January, according to a report from Redfin on Tuesday. Though home value growth is slowing, … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 89 Comments

The commercial slump

Posted on August 19, 2024 by grim

From NorthJersey.com: New commercial real estate projects have slowed in NJ thanks to high borrowing rates Construction in New Jersey isn’t what it used to be. In the commercial real estate sector — think strip malls, industrial warehousing, research and … Continue reading →

Posted in Crisis, Economics, Employment, National Real Estate, New Development | 73 Comments

Go North!

Posted on August 16, 2024 by grim

From the NY Post: Home prices have risen a whopping 79% in five years in this state — and it’s nowhere near Florida or Texas Homebuyers are grabbing their winter gear and flocking to far-flung Maine — where they’ve managed to drive up … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 130 Comments