Monthly Archives: September 2013

Few think it’s a good time to sell a house

From the WSJ: Fannie Mae: Consumer Confidence in Housing Slackens a Bit Consumer confidence in the housing recovery has leveled off, likely connected to concerns that the Federal Reserve will cut back on asset purchases, according to new data from … Continue reading

Posted in Economics, Housing Recovery, National Real Estate | 97 Comments

Struggling to get by in Jersey

From the Record: Report: 25 percent of N.J. families are poor Poverty levels in New Jersey are bad and getting worse, as a quarter of the state’s households now struggle to afford housing, food, medical care and other necessities, according … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 92 Comments

New Jersey Contracts – August 2013

Here it is! The first look at pending home sales (contracts) for Northern NJ. (Source GSMLS, except Bergen- NJMLS) August Pending Home Sales (Contracts) ——————————- Bergen County August 2011 – 589 August 2012 – 715 August 2013 – 806 (Up … Continue reading

Posted in Economics, Housing Recovery, North Jersey Real Estate | 30 Comments

Mortgage rates could hit 5% today

From Mortgage News Daily: Mortgage Rates at New 2-Yr Highs Ahead of Important Jobs Report Mortgage rates leaped to new 2-Yr highs today, after strong economic data increased the chances that tomorrow’s all-important jobs report would be similarly strong. The … Continue reading

Posted in Economics, Housing Recovery, Mortgages, National Real Estate | 59 Comments

Newark-Union leads the state in home price gains

From the Star Ledger: Home prices in New Jersey continue to rise The price to buy a home in New Jersey Home continued to climb in July, according to CoreLogic, rising by 4.1 percent over last year. The increase includes … Continue reading

Posted in Housing Recovery, New Jersey Real Estate | 95 Comments

Home prices continue to show strong gains, but moderation expected

From HousingWire: Home price appreciation flame begins to weaken Home data reports from both CoreLogic and Clear Capital released Tuesday project continued home price growth, despite the recent increase in mortgage rates. According to the CoreLogic report, home prices throughout … Continue reading

Posted in Economics, Housing Recovery, National Real Estate | 43 Comments

Is New Jersey getting richer or poorer?

From the Record: New Jerseyans who moved out of state took $15.7 billion in income from 2000 to 2010 New Jerseyans who moved to other states took a net total of $15.7 billion in income with them from 2000 to … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate | 87 Comments