Category Archives: National Real Estate

Welcome to the Peak

Posted on July 2, 2024 by grim

Some great charts over at Visual Capitalist: Mapped: The Growth in U.S. House Prices by State in 2024 In 2024, U.S. home prices are steadily rising across nearly every state in America. Overall, home prices rose 6.6% annually as of the first … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate, New Jersey Real Estate | 217 Comments

Dining rooms and jello molds

Posted on June 30, 2024 by grim

From The Atlantic: Why Dining Rooms Are Disappearing From American Homes The dining room is the closest thing the American home has to an appendix—a dispensable feature that served some more important function at an earlier stage of architectural evolution. … Continue reading →

Posted in Demographics, National Real Estate, Where's the Beef? | 137 Comments

Fire up the money machine

Posted on June 29, 2024 by grim

From Yahoo Finance: Mortgage rates decline for 4th straight week The national average on the 30-year, fixed-rate mortgage inched down to 6.86% from 6.87% a week prior, according to Freddie Mac’s report published on Thursday. Rates have declined for four … Continue reading →

Posted in Economics, Housing Bubble, Mortgages, National Real Estate | 16 Comments

No home for you

Posted on June 28, 2024 by grim

From CNN: The housing market is ‘stuck’ until at least 2026, Bank of America warns Help may not be on the way for first-time homebuyers frustrated by high mortgage rates and even higher home prices. Economists at Bank of America … Continue reading →

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

No chance of home price declines?

Posted on June 27, 2024 by grim

From Marketwatch: When will home prices go down? Six economists weigh in. “The U.S. housing shortage is still lingering based on our estimate of 4.5 million additional housing units that are required to make up for the gaps accumulated from … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate | 82 Comments

What’s the next year hold?

Posted on June 26, 2024 by grim

From Fast Company: Updated home price forecasts from Zillow and Moody’s for 400 housing markets Despite strained housing affordability, national home prices, as measured by the Zillow Home Value Index, increased by 3.9% from May 2023 to May 2024 (see … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate | 19 Comments

Expensive, no end in sight

Posted on June 25, 2024 by grim

From the Joint Center for Housing Studies at Harvard: THE STATE OF THE NATION’S HOUSING 2024 Both homeowners and renters are struggling with high housing costs. On the for-sale side, millions of potential homebuyers have been priced out of the … Continue reading →

Posted in Crisis, Demographics, Economics, Housing Bubble, National Real Estate | 22 Comments

Record high, once again.

Posted on June 22, 2024 by grim

From CNBC: Home prices hit record high in May as sales stall Sales of previously owned homes are sitting at a 30-year low and didn’t move much in May as prices hit a new record and mortgage rates remain high. … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 17 Comments

Anyone can get a $50m loan

Posted on June 19, 2024 by grim

From the Star Ledger: N.J. real estate investor admits role in $54.7M mortgage fraud scheme A New Jersey real estate investor admitted Monday that he was involved in a massive, far-reaching $54.7 million mortgage fraud scheme, federal prosecutors said. Aron … Continue reading →

Posted in National Real Estate, New Jersey Real Estate, Risky Lending | 104 Comments

Another month, another record

Posted on June 14, 2024 by grim

From Redfin: U.S. Home Prices Hit Another Record High, But Mortgage Rates Are Starting to Decline–Which Could Give Buyers Relief The median U.S. home-sale price hit an all-time high of $394,000 during the four weeks ending June 9, up 4.4% … Continue reading →

Posted in Housing Bubble, Mortgages, National Real Estate | 42 Comments

Pays to own a home in NJ

Posted on June 13, 2024 by grim

(Until it doesn’t) From CoreLogic: Homeowner Equity Insights – Q1 2024 CoreLogic analysis shows U.S. homeowners with mortgages (roughly 62% of all properties*) have seen their equity increase by a total of $1.5 trillion since the first quarter of 2023, … Continue reading →

Posted in Economics, Mortgages, National Real Estate, New Jersey Real Estate | 85 Comments

If you have to ask…

Posted on June 11, 2024 by grim

From Newsweek: Map Shows States With Highest Hidden Housing Costs The average annual cost of owning and maintaining a single-family home now exceeds $18,000, according to a new study. Homeownership is often considered a pathway to building wealth, but the ongoing … Continue reading →

Posted in Economics, National Real Estate, New Jersey Real Estate, Property Taxes | 83 Comments

More affordable homes?

Posted on June 10, 2024 by grim

From USA Today: High prices and mortgage rates have plagued the housing market. Now, a welcome shift Mortgage rates are high, home prices are lofty and selection is slim. There isn’t much to like about the housing market, except for one small positive: more … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 39 Comments

Still hot

Posted on June 9, 2024 by grim

From NorthJersey.com: Real estate update: May marks 7th month of housing inventory growth across the nation May marked the seventh consecutive month of housing inventory growth across the nation, signaling that the number of homes for sale may slowly be returning to … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate, New Jersey Real Estate | 20 Comments

Tick tick tick

Posted on June 8, 2024 by grim

From the Daily Mail: Home prices are falling in these 4 former boomtowns – it’s a bad omen for the rest of America Home prices are falling in four former hotspots – as near-record housing costs push homebuyers away.  Three … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate | 25 Comments