Monthly Archives: February 2010

Jumbos Near 10% Delinquency Nationally, NJ Jumbos 3rd Worst

Posted on February 9, 2010 by grim

From HousingWire: Fitch Says Prime Jumbo RMBS Near 10% Delinquent The performance of US prime jumbo loan performance within residential mortgage-backed securities (RMBS) slipped again in January as serious delinquencies (60+ days past due) rose for the 32nd consecutive month … Continue reading →

Posted in Housing Bubble, National Real Estate, Risky Lending | 304 Comments

Comments on a Puff Piece

Posted on February 8, 2010 by grim

The article isn’t important, but the comments are, especially when they are from a mainstream NJ news paper. From the Star Ledger: Aging Baby Boomers changing real estate Comments: nokelhead Posted by nokelhead February 05, 2010, 8:43AM This about a … Continue reading →

Posted in Economics, Housing Bubble, New Jersey Real Estate | 231 Comments

Repeat buyer credit – Causing Trade-up or Trade-down sales?

Posted on February 7, 2010 by grim

From the Philly Inquirer: Homebuyers rushing to get tax credit before it’s gone Liv Mansfield is racing the clock, hoping to find and settle, or at least sign a purchase agreement, on a townhouse before the $6,500 tax credit for … Continue reading →

Posted in Economics, National Real Estate | 173 Comments

Debt Obligations Redefined

Posted on February 5, 2010 by grim

From HousingWire: TransUnion Sees More People Paying Plastic Before Property More borrowers than ever before are choosing to pay down credit card debt over making mortgage payments. The share of borrowers who are delinquent on their mortgages but current on … Continue reading →

Posted in Economics, National Real Estate | 459 Comments

Will the last one out please turn off the lights

Posted on February 4, 2010 by grim

From the Star Ledger: N.J. loses $70B in wealth during four years as residents depart More than $70 billion in wealth left New Jersey between 2004 and 2008 as affluent residents moved elsewhere, according to a report released Wednesday that … Continue reading →

Posted in Economics, New Jersey Real Estate, Politics | 422 Comments

Comp Killer: WSJ Edition (or How You Can’t Go Wrong With Jersey Shore)

Posted on February 3, 2010 by grim

From the Wall Street Jounal: Jersey Shore Retreat ## River Rd, Island Heights, NJ (Ocean County) 4 Bedrooms 3.1 Baths Riverfront with Dock Purchased: 2006 Purchase Price: $1,825,000 Approximately $200,000 in updates. Current Asking: $1,650,000 Reason for Sale: Can’t afford … Continue reading →

Posted in Comp Killer, New Jersey Real Estate | 250 Comments

“Gutting” COAH

Posted on February 2, 2010 by grim

From the Philly Inquirer: Affordable-housing changes pushed in New Jersey A plan to eliminate the state Council on Affordable Housing and put towns in charge of their own housing obligations is necessary to streamline an unwieldy bureaucracy, supporters said yesterday. … Continue reading →

Posted in New Development, New Jersey Real Estate, Politics | 361 Comments

Planning a move to a far off suburb? Budget for new tolls and higher taxes.

Posted on February 1, 2010 by grim

From the APP: Tolls on N.J. interstates weighed Interstates 78, 80, 195, 287 and 295 are likely targets to become toll roads, transportation experts predict in response to a report submitted to Gov. Chris Christie that suggests that the state … Continue reading →

Posted in Economics, New Jersey Real Estate, Politics | 324 Comments