Monthly Archives: December 2011

Home prices to lag inflation (that means home prices are still falling)

From the WSJ: Inflation Rate Seen Outpacing Home Prices for Years The ailing housing market is unlikely to return to health before 2016 and is weighing on the two-year-old U.S. recovery, which finally is showing signs of picking up steam. … Continue reading

Posted in Employment, Housing Recovery, National Real Estate | 68 Comments

Et tu Pru?

From the Star Ledger: Prudential sells residential real estate division to Toronto-based company Prudential Financial is ending a more than two decade foray into the residential real estate business with yesterday’s sale of its realty brokerage and relocation services unit … Continue reading

Posted in Economics, New Jersey Real Estate | 91 Comments

CoreLogic – Northern NJ/NY Metro home prices up 2.6% YOY in October

From CoreLogic (no link): Home Prices Down 3.9 Percent Year-Over-Year Home prices in the U.S. decreased 1.3 percent on a month-over-month basis, the third consecutive monthly decline. According to the CoreLogic HPI, national home prices, including distressed sales, also declined … Continue reading

Posted in Housing Recovery, New Jersey Real Estate | 87 Comments

US Bank vs Guillaume – Serious legal issue or nitpicking over a irrelevant detail?

From HousingWire: New Jersey foreclosures wait in the wings as court deliberates key case Hundreds of New Jersey foreclosure cases are waiting in the wings for the state’s Supreme Court to issue what will be a landmark decision in the … Continue reading

Posted in Foreclosures, National Real Estate, New Jersey Real Estate | 79 Comments

No recession in the Hudson rental market

From the Jersey Journal: Hudson County’s rents shoot up an average of 7.2 percent in 2011 The average asking rent for an available apartment in Hudson County has shot up 7.2 percent over the past year, with some luxury buildings … Continue reading

Posted in Economics, New Jersey Real Estate | 94 Comments

Farmland assessment must be fixed

The fix is simple, adjust the $500 minimum requirement (in 1964 dollars) for inflation, and ensure it adjusts for inflation every year going forward. $500 was a significant sum … in 1964 when the original law was passed. Had the … Continue reading

Posted in New Jersey Real Estate, Politics, Property Taxes | 202 Comments

Strong showing for October pending sales

From HousingWire: NAR pending home sales surge in October Pending home sales soared more than 10% in October and remain above year-ago levels, in a hopeful sign for the nation’s housing market, according to the National Association of Realtors. NAR’s … Continue reading

Posted in Housing Recovery, New Jersey Real Estate | 96 Comments