Monthly Archives: August 2012

Legislators trying to grease the foreclosure machine

From the Star Ledger: Foreclosure bills advance from N.J. Senate Economic Growth Committee A pair of bills sponsored by Senate Economic Growth Committee Chairman Raymond J. Lesniak which would begin to address New Jersey’s foreclosure crisis by creating an expedited … Continue reading

Posted in Foreclosures, New Jersey Real Estate, Politics | 114 Comments

Lift Off?

From Bloomberg: Home Prices Rise in 75% of U.S. Cities in Second Quarter Prices for single-family homes climbed in three-quarters of U.S. cities and values nationally jumped the most since 2006 as real estate markets stabilized. The median sales price … Continue reading

Posted in Employment, Housing Recovery, National Real Estate | 170 Comments

Is this the big jump in foreclosures?

From the Record: Foreclosure activity picking up steam in NJ Foreclosure activity in New Jersey doubled last month compared with a year earlier, as lenders resumed their efforts to evict homeowners in default, RealtyTrac reported Wednesday. One in every 1,566 … Continue reading

Posted in Foreclosures, New Jersey Real Estate | 135 Comments

Housing just got more expensive

From the WSJ: Recovery or Not, Home Prices Keep Rising Today CoreLogic, a real-estate data provider, weighed in with its view of what’s happening with home prices. According to the firm, prices were up 2.5% in June, compared with a … Continue reading

Posted in Economics, Housing Recovery, National Real Estate | 140 Comments

Has the starter home returned to North Jersey?

From the Record: The return of the under-$300,000 house in Bergen, Passaic counties Tired of paying rent, Jorge and Christine Garcia saved up and recently bought their first home: a move-in-ready colonial in Bogota. Though the property had sold for … Continue reading

Posted in Economics, Housing Bubble, Housing Recovery, North Jersey Real Estate | 157 Comments

Time to be greedy?

From the WSJ: Finally, It Is Time to Buy a House Warren Buffett famously once said: “Be fearful when others are greedy, be greedy when others are fearful.” And if you’re not instinctively scared of the housing market, then global … Continue reading

Posted in Economics, Housing Recovery, National Real Estate | 62 Comments

Bizarro Friday: Housing is key to unemployment, not the other way around

From Reuters: U.S. housing market recovery key to boosting growth – IMF The International Monetary Fund said on Thursday it believes a recovery in the U.S. housing market is key to eventually boosting economic growth in the United States and … Continue reading

Posted in Economics, Housing Recovery, National Real Estate, New Development | 160 Comments

A Look at NJ/NY Price Dynamics

From the WSJ: Local Prices Slow to Mend The housing market is improving across the nation, but the New York metro area is lagging behind. According to the closely watched S&P/Case-Shiller home price index, which was released Tuesday, prices in … Continue reading

Posted in Economics, Housing Recovery, New Jersey Real Estate | 119 Comments