Monthly Archives: October 2012

Case Shiller posts a strong print in August

From Bloomberg: Home Prices in 20 U.S. Cities Rise by Most in Two Years: Economy Residential real-estate prices increased in the year ended August by the most in two years, a sign housing will continue to boost U.S. economic growth. … Continue reading

Posted in Economics, Housing Recovery, National Real Estate | 320 Comments

Ultramegasuperstorm of the Century Open Discussion

Armageddon Approacheth – Discuss

Posted in General | 376 Comments

Otteau: Prices to rise by 3% in 2013

From the Record: Appraiser sees NJ home prices rising in 2013, after long slide After a long, steep slide, New Jersey home prices are poised to begin rising again — slowly — in 2013, appraiser Jeffrey Otteau said Thursday. But … Continue reading

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

Will the lazy scapegoats save the country?

From the Atlantic: Could Twentysomethings Become the Heroes of the Recovery? Young people are the lazy, smelly scapegoat of the recession. They’re not working, they’re living at home, they’re constantly complaining about their debt, they’re not buying cars or houses, … Continue reading

Posted in Economics, Housing Recovery | 101 Comments

Booyah, ’nuff said.

Booyah Bob – Circa 2006: Anonymous says: August 18, 2006 at 12:31 pm Spin this one. “I believe area home sellers are just going to have to get used to these new market conditions because it’s not likely to change … Continue reading

Posted in Economics, Housing Bubble, Housing Recovery, New Jersey Real Estate | 97 Comments

It’s just not fair!

From the Star Ledger: Wealthy N.J. counties’ taxes go to poor areas, analysis finds Wealthier counties sent a higher percentage in income and sales taxes to Trenton than they got back in key types of state aid, while poorer counties … Continue reading

Posted in Economics, New Jersey Real Estate | 115 Comments

Inquirer takes a slam at South Jersey (for good reason)

From the Philly Inquirer: N.J.’s local tax bills keep spiraling upward Ted Marvel pays $4,900 in annual property taxes on his 1,000-square-foot home in the heart of Collingswood. In fact, his monthly tax bill – $407 – is starting to … Continue reading

Posted in Comp Killer, Politics, Property Taxes, South Jersey Real Estate | 91 Comments

September Existing Home Sales

From Bloomberg: Treasuries Rise on Speculation Existing Home Sales Fell Treasuries rose for the first time in five days before an industry report that economists said will show sales of existing homes fell in September, highlighting an uneven rebound in … Continue reading

Posted in Economics, National Real Estate | 96 Comments

NJ unemployment ticks down to 9.8

From the Star Ledger: N.J. unemployment rate falls to 9.8 percent New Jersey’s unemployment dropped a tick in September, going from 9.9 percent to 9.8 percent, according to figures released this morning by the state Labor Department. The slight drop … Continue reading

Posted in Economics, New Jersey Real Estate, Politics | 88 Comments

Sprawl and lattes … discuss.

Good stuff over at NJ Spotlight: The Real Jersey Comeback Analysts, developers, and academicians all saw hopeful signs, however faint, for New Jersey’s economy and housing market, but told a state conference in Atlantic City that the highly suburbanized state … Continue reading

Posted in Economics, Housing Recovery, New Development, New Jersey Real Estate | 108 Comments

More than a million short sales

From Mortgage News Daily: HOPE NOW: Short Sales Top 1 Million HOPE NOW, the voluntary, private sector alliance of mortgage servicers, investors, mortgage insurers and non-profit counselors, reported that its participants completed an estimated 75,968 permanent loan modifications during August. … Continue reading

Posted in Foreclosures, Mortgages, Politics | 146 Comments

Words to remember: Multigenerational Household

From the Record: Area economy still keeping adult children tied to mom and dad They could never afford their own home but their daughter changed the picture recently, clearing that financial obstacle and allowing them to all live together in … Continue reading

Posted in Economics, Housing Recovery, New Development, New Jersey Real Estate | 55 Comments

Does real estate need an open bid system?

From HousingWire: Power of real estate listing agents questioned Real estate professionals who are watching housing bidding wars in places like California and Massachusetts are beginning to question whether real estate listing agents have too much power in the sales … Continue reading

Posted in General | 237 Comments

October Beige Book

From the Federal Reserve: October Beige Book-Second District–New York Construction and Real Estate Residential real estate across the District has continued to improve. Housing markets in metropolitan Buffalo reportedly flattened out in August but picked up sharply in September. Northern … Continue reading

Posted in Economics, Housing Recovery, New Jersey Real Estate | 185 Comments

Housing sentiment positive and improving

From Fannie Mae: Consumer Attitudes on Housing Continue Summer Season’s Gradual Upward Trend Results from Fannie Mae’s September 2012 National Housing Survey show Americans’ optimism about the recovery of the housing market and with regard to homeownership continued its gradual … Continue reading

Posted in Economics, Housing Recovery, National Real Estate | 212 Comments