Category Archives: National Real Estate

Priced Out

From CNN: Renters are growing pessimistic they will ever own a home as prices keep rising Faced with a white-hot real estate market, renters are losing confidence they will ever own a home. On average only 43.3% of renters expect to … Continue reading

Posted in Demographics, Economics, National Real Estate | 83 Comments

Slowdown?

From Reuters: Early signs of cooling housing market seen in some U.S. cities, Redfin says There are early signs of a cooldown in some of the hottest corners of the U.S. housing market, Redfin said in a report on Friday, … Continue reading

Posted in National Real Estate, Price Reduced | 71 Comments

Welcome back to five

From CNBC: 30-year fixed mortgage crosses 5%  The average rate on the popular 30-year fixed mortgage just crossed 5%, now standing at 5.02%, according to Mortgage News Daily. This is the first time it has crossed that threshold since 2011, … Continue reading

Posted in Economics, Mortgages, National Real Estate | 90 Comments

The B-Word

From CBS News: Federal Reserve issues warning over “brewing U.S. housing bubble” Homebuyers have faced a tough choice during the pandemic: Swallow rapid price increases and forgo typical steps like house inspections, or risk getting left out of the real estate … Continue reading

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 158 Comments

A lot to stomach

From Fortune: The housing market faces its biggest test yet There has been no shortage of theories on how the ongoing housing boom is going to end. Reopening corporate offices were supposed to tamp down on remote workers buying in far-flung places. … Continue reading

Posted in Demographics, Economics, Mortgages, National Real Estate | 294 Comments

Where did they all go?

From the NY Post: Startling data reveals how many people have fled NYC during COVID pandemic The Big Apple’s population has been hollowed out during the COVID-19 pandemic — with Manhattan suffering the biggest population decline among all US counties, according to … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate | 78 Comments

Uh Oh Time Yet?

From Marketwatch: ‘The housing market is in the early stages of a substantial downshift’: Home sales may drop 25% by the end of summer, according to this analyst The popular spring home-buying season is just ramping up. But one analyst … Continue reading

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate | 128 Comments

Top?

From Yahoo Finance: Sales of U.S. Previously Owned Homes Decline to a Six-Month Low Sales of previously owned U.S. homes fell in February by more than forecast to a six-month low as a limited supply of properties and high prices … Continue reading

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate | 188 Comments

Bye bye cheap mortgages?

From the MPA: Mortgage rates – historically low era comes to an end The 30-year mortgage rate climbed above the 4% mark shortly after the Federal Reserve approved its first interest rate hike in more than three years. Freddie Mac … Continue reading

Posted in Economics, Mortgages, National Real Estate | 65 Comments

Sounds familiar

From Reuters: First-time U.S. home buyers feeling ‘defeated’ by soaring prices, rising rates Brianna Lombardozzi finally has her finances to a point where she might be able to buy a house. But she isn’t feeling great about her odds. Lombardozzi, … Continue reading

Posted in Demographics, Economics, Employment, Mortgages, National Real Estate | 284 Comments

Go ahead, quit.

From CNBC: 4.3 million people quit their jobs in January as the Great Resignation shows no sign of slowing down The pandemic-era phenomenon known as the Great Resignation remained a hallmark of the labor market in early 2022, according to … Continue reading

Posted in Economics, Employment, National Real Estate | 220 Comments

No limit to home prices?

From Reuters: U.S. house prices to rise another 10% this year U.S. house prices are set to climb in double digits this year even as the Federal Reserve embarks on its expected series of interest rate hikes, according to a … Continue reading

Posted in Economics, Housing Bubble, National Real Estate | 171 Comments

To the moon

From Fortune: What home prices will look like in 2023, according to Fannie Mae Homebuyers just got more bad news: In January, 70% of homes for sale ended up in a bidding war. That’s the highest rate on record. Simply put: So … Continue reading

Posted in Housing Bubble, National Real Estate | 175 Comments

Median list price hits record high

From the Star Ledger: How much does it cost to own a home in the U.S.? Home prices across the United States have hit an all-time high, meaning more Americans are losing their buying power and fewer Americans are able … Continue reading

Posted in National Real Estate, New Jersey Real Estate | 189 Comments

Welcome Back

From CNN: Home prices skyrocketed last year. Two regions saw the biggest increases Home prices rose 18.8% in 2021, according to the S&P CoreLogic Case-Shiller US National Home Price Index, the biggest increase in 34 years of data and substantially … Continue reading

Posted in Economics, Housing Bubble, Housing Recovery, National Real Estate | 218 Comments