Category Archives: National Real Estate

Jobs Day!

Posted on June 7, 2024 by grim

From Yahoo Finance: May jobs report expected to show more signs of cooling labor market The May jobs report is expected to show further signs of cooling in the labor market. The monthly report from the Bureau of Labor Statistics, … Continue reading →

Posted in Economics, Employment, National Real Estate | 103 Comments

First to fall

Posted on June 3, 2024 by grim

From the Daily Mail: The cities where house prices are set to DROP – and most are in the south The cost of real estate only continues to inch upwards in states like New York and Connecticut. However, a new report from financial … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 274 Comments

Pending sales post biggest drop in 3 years

Posted on May 31, 2024 by grim

From CNBC: Pending home sales in April slump to lowest level since the start of the pandemic Signed sales contracts on existing homes dropped 7.7% in April compared to March, the slowest pace since April 2020, according to the National … Continue reading →

Posted in Economics, Housing Bubble, Mortgages, National Real Estate | 117 Comments

PSA: Home prices and mortgage rates are not correlated

Posted on May 29, 2024 by grim

From CNN: US home prices hit another record high in March US home prices reached a record high in March, reflecting the housing market’s persistent affordability crisis. The S&P CoreLogic Case-Shiller US National Home Price Index, a measure of home … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 134 Comments

Will builders pull back?

Posted on May 28, 2024 by grim

From CNBC: Sales of newly built homes tank in April, as prices and interest rates rise Sales of newly built homes dropped 4.7% in April compared with March, and fell a larger 7.7% from the prior year, the U.S. Census … Continue reading →

Posted in Demographics, Economics, Mortgages, National Real Estate, New Development | 37 Comments

The next tech hotspot?

Posted on May 24, 2024 by grim

From the NY Post: Time to buy in ‘Quantum Valley’? Upstate New York home prices are set to skyrocket as Big Tech moves in Will the San Francisco Bay Area tech hub known as Silicon Valley soon be eclipsed by the … Continue reading →

Posted in Demographics, Economics, Employment, National Real Estate, North Jersey Real Estate, NYC | 45 Comments

April sales dip

Posted on May 23, 2024 by grim

From Reuters: US home sales post second straight monthly drop; house prices accelerate U.S. existing home sales unexpectedly fell in April as higher mortgage rates and house prices weighed on demand, dealing another setback to the housing market. Though the … Continue reading →

Posted in Economics, Housing Bubble, Mortgages, National Real Estate | 94 Comments

How much higher?

Posted on May 22, 2024 by grim

From Yahoo Finance: U.S. Home Prices Reach Record High Despite Slow Market Amid a broader market slowdown, U.S. home prices reached a historic peak in April, with the median sale price rising to $433,558, a 6.2% increase from the previous … Continue reading →

Posted in Housing Bubble, National Real Estate | 61 Comments

What would you trade?

Posted on May 21, 2024 by grim

From the Record: What would you sacrifice to afford a home? A report shows the differences between generations Generations often have differing perspectives on politics, work culture and family dynamics, so it might not come as a surprise that the … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 48 Comments

Nothing is cheap anymore

Posted on May 18, 2024 by grim

From MarketWatch: Rents just surged 10% in this affordable housing market. It was ‘bound to happen,’ one economist says. Renters are running away from high rents in expensive cities and moving to more affordable ones — but that’s pushing up … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 30 Comments

First to fall?

Posted on May 17, 2024 by grim

From Mansion Global: Florida and Texas Show Signs of Home Prices Falling Gary and Karen Steppe listed a condo in Indialantic, Fla., in February for $294,900. They expected the two-bedroom vacation home, which is in an oceanside town near Melbourne … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 80 Comments

Heading back below 7?

Posted on May 16, 2024 by grim

From CNBC: Mortgage demand from homebuyers drops even as interest rates pull back to April lows Mortgage rates last week dropped to the lowest level since April, but buyers are still struggling to afford today’s housing market. As a result, … Continue reading →

Posted in Economics, Housing Bubble, Mortgages, National Real Estate | 53 Comments

Different this time?

Posted on May 15, 2024 by grim

From the NY Post: US home prices have soared 47% since 2020 A recent analysis by ResiClub of the Case-Shiller National Home Price Index has unveiled a jaw-dropping surge in US home prices, soaring a lofty 47.1% since the dawn of this … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 95 Comments

90% of the country overpriced

Posted on May 14, 2024 by grim

From Fitch: Real Home Price Appreciation Aligns with Sustainable Price Trends Fitch Ratings estimates national home prices were 11.1% overvalued for 4Q23 on a population-weighted average basis, showing negligible difference from the previous quarter.  The consistency in Fitch’s overvaluation estimates, … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 102 Comments

The Worst Time?

Posted on May 11, 2024 by grim

From Kiplinger: Is This the Worst Time To Buy a Home? The Federal Reserve is holding interest rates steady, and mortgages are hovering over 7%. House prices are still rising. Housing supply is still not close to meeting demand.  Is … Continue reading →

Posted in Crisis, Demographics, Economics, Housing Bubble, National Real Estate | 35 Comments