Monthly Archives: March 2013

Deep pockets needed to cash in on Sandy deals

Posted on March 11, 2013 by grim

From the AP: Homebuyers Searching for Real Estate Deals in Hurricane Sandy Wreckage It sounds like the premise for a new reality TV series: “Hurricane House” — people scouring waterside communities looking to buy homes damaged by Hurricane Sandy at … Continue reading →

Posted in Housing Recovery, Shore Real Estate | 74 Comments

How to get paid to live in a $1m house

Posted on March 10, 2013 by grim

From MarketWatch: How luxury-home owners dodge foreclosure When the owners of high-end homes fall way behind on their mortgage payments, foreclosure is not a foregone conclusion. Lenders can be more willing to craft a new payment plan to make high-dollar … Continue reading →

Posted in Foreclosures, New Jersey Real Estate | 33 Comments

Bailouts finally working?

Posted on March 9, 2013 by grim

From HousingWire: Programs save 1.5 million homeowners: Obama Housing Scorecard The Obama Administration’s foreclosure mitigation programs continue to provide relief for millions of homeowners in the housing recovery. As a result, the Making Home Affordable Program has assisted more than … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate, Politics | 20 Comments

March Beige Book

Posted on March 6, 2013 by grim

From the Federal Reserve: Beige Book – March 6, 2013 – Second District–New York Economic activity in the Second District has continued to expand at a moderate pace since the last report. Business contacts report some pickup in input price … Continue reading →

Posted in Economics, Housing Recovery, New Jersey Real Estate | 169 Comments

CoreLogic: New Jersey Home Prices Positive (Case Shiller to follow)

Posted on March 6, 2013 by grim

From CoreLogic: CoreLogic Home Price Index Rises by Almost 10 Percent Year Over Year in January CoreLogic® (NYSE: CLGX), a leading residential property information, analytics and services provider, today released its January CoreLogic HPI® report. Home prices nationwide, including distressed … Continue reading →

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

Fiserv – Bold Forecast?

Posted on March 5, 2013 by grim

Hat tip to the reader who provided me with the Fiserv Home Price forecast data: Metro Area / 2013-2014 Forecast / 2012 – 2017 Annualized Forecast Atlantic City-Hammonton, NJ Metropolitan Statistical Area / 0.4% / 1.9% Camden, NJ Metropolitan Division … Continue reading →

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

People still want to live here?

Posted on March 4, 2013 by grim

From the Star Ledger: Brooklynites planting roots in the Garden State It’s almost like a dating service for people looking for a home. It starts with answering an involved questionnaire that poses the usual questions, such as how many bedrooms … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate | 147 Comments

North Jersey Contracts – February 2013

Posted on March 2, 2013 by grim

Here it is! The first look at pending home sales (contracts) for Northern NJ. (Source GSMLS, except Bergen- NJMLS) – Updated with 2011 Data February Pending Home Sales (Contracts) ——————————- Bergen County February 2011 – 490 February 2012 – 564 … Continue reading →

Posted in Economics, Housing Recovery, North Jersey Real Estate | 24 Comments

January Otteau Report

Posted on March 1, 2013 by grim

From the Otteau Group: NJ Contract-Sales Activity Starts Off Strong in 2013 Following 2 consecutive months of single digit gains, home purchase activity in New Jersey soared in January with a 23% y-o-y increase in signed purchase-contracts. The smaller gains … Continue reading →

Posted in Housing Recovery, New Jersey Real Estate | 75 Comments