Monthly Archives: September 2010

“It hasn’t been able to sell because of the market” … price

From the Courier Post: Tough real estate market for the rich, too There is a house for sale in Brick that overlooks a cove adjacent to Barnegat Bay. It has five bedrooms, 6 1/2 baths and an oversized kitchen with … Continue reading

Posted in Economics, Housing Bubble, Shore Real Estate | 106 Comments

Remember 9-11

Posted in General | 131 Comments

We just got lucky

From Bloomberg: Greenspan Should Have Seen Housing Crisis, Burry Says Former Federal Reserve Chairman Alan Greenspan should have foreseen the collapse of the U.S. housing market and warned the public, one of the most prominent bettors against the subprime market … Continue reading

Posted in Economics, Foreclosures, Housing Bubble, National Real Estate | 100 Comments

NY Fed – September Beige Book

From the NY Fed: Beige Book – Second District–New York Construction and Real Estate Housing markets have shown further signs of softening since the last report, with much of the weakness again attributed to the expiration of the home-buyer tax … Continue reading

Posted in Economics, New Jersey Real Estate | 116 Comments

Are we looking at the wrong set of borrowers to save?

From HousingWire: 40% of subprime mortgages stand delinquent, can prime be next? Mortgage analytics firm CoreLogic is reporting, in data provided to HousingWire, subprime delinquencies are steadily trending downward; though the firm’s main economist warns the performance of prime mortgages … Continue reading

Posted in Economics, Foreclosures, Housing Bubble, National Real Estate | 72 Comments

“If we keep trying to stimulate the market, that’s the definition of insanity.”

From the NY Times: Housing Woes Bring New Cry: Let Market Fall The unexpectedly deep plunge in home sales this summer is likely to force the Obama administration to choose between future homeowners and current ones, a predicament officials had … Continue reading

Posted in Economics, Housing Bubble, National Real Estate | 113 Comments

Cocktail Waitress turned Realtor: “The market has gone straight down like an airplane nosediving,”

From the Press of Atlantic City: Few buy into career as Realtor Phillip Golden became a real estate agent for Re/Max Community in Mays Landing in 2009, the year homeowners across the country filed nearly 4 million foreclosures, the result … Continue reading

Posted in Economics, Housing Bubble, New Jersey Real Estate | 151 Comments

Fannie Mae: Get going and foreclose

From HousingWire: Excessively delaying Fannie Mae foreclosures will now cost servicers Fannie Mae will now review the compensatory fees due to servicers in cases where the government sponsored entity feel servicers are unnecessarily delaying foreclosure. In a letter sent to … Continue reading

Posted in Foreclosures, National Real Estate | 176 Comments

Thank you William!

A letter to the editor printed in the Mahwah Suburban News, written by William P. Deegan Jr. Letter: Question accuracy of real estate story After opening the [Aug. 19] Mahwah Suburban News, your [real estate section] item’s large headline, “Local … Continue reading

Posted in New Jersey Real Estate | 179 Comments