Monthly Archives: December 2013

LPS October Home Prices

From LPS: LPS Home Price Index Report: October 2013 Transactions

Posted in Housing Recovery, National Real Estate, New Jersey Real Estate | 98 Comments

Optimistic on home prices?

From Barrons: Betting on the House It’s no secret that U.S. home prices have enjoyed a healthy rebound in 2013 after the nightmarish 33% drop over the previous five years that triggered an orgy of mortgage defaults and wealth destruction. … Continue reading

Posted in Economics, Housing Recovery, National Real Estate | 141 Comments

Why expect a pipeline to flow if one end is purposely closed up?

From the Press of Atlantic City: New Jersey foreclosure pipeline remains clogged The number of homes entering foreclosure across the nation is at its lowest level in years, but a persistent backlog has left New Jersey stuck at year’s end … Continue reading

Posted in Foreclosures, New Jersey Real Estate | 20 Comments

Will the housing recovery fizzle out in 2014?

From Reuters: U.S. housing recovery could run out of steam The U.S. housing recovery could run out of steam in 2014. Banks are likely to tighten lending standards once new rules come into place. Rising interest rates may drive down … Continue reading

Posted in Economics, Housing Recovery, National Real Estate | 90 Comments

10 Predictions for the New Year

From Forbes: Housing Outlook 2014: 10 Predictions From The Experts 1. More homes will be available Short supply drove rapid price increases at the beginning of 2013, but watch for that to change next year. Realtor.com notes that the inventory … Continue reading

Posted in Economics, Employment | 101 Comments

Loveshack baby loveshack!

From the Record: Suit: Real estate agents used Wayne home for sex A former president of the Passaic County Board of Realtors is accused in a lawsuit of steering potential buyers away from a couple’s vacant Wayne home so he … Continue reading

Posted in Humor, New Jersey Real Estate | 69 Comments

November Surprise for Jersey Jobs

From the WSJ: Outlook on New York City-Area Jobs Perks Up The Greater New York job market showed continued but modest growth in November, state reports showed, with particularly good news for New Jersey, which had been adding jobs at … Continue reading

Posted in Demographics, Economics, Housing Recovery, New Jersey Real Estate | 65 Comments

Home sales disappoint again

From Bloomberg: Previously Owned Home Sales in U.S. Drop for Third Month Previously owned U.S. home sales declined for the third consecutive month in November to the lowest level of the year as rising mortgage rates and a limited supply … Continue reading

Posted in Economics, Housing Recovery, National Real Estate | 30 Comments

How does it feel to be rich?

From the Star Ledger: N.J. has second highest median household income, according to Census The median household income in New Jersey is the second highest in the country, according to new Census numbers released on Tuesday, Dec. 17. New Jersey … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate | 150 Comments

Uh-oh, they just HAD to say it

From the St. Louis Fed: The Recent Boom in House Prices: Why Is This Time Different? The current housing boom is the first nationwide boom since the postwar era not driven by increased demand for owner-occupied housing. House prices have … Continue reading

Posted in Economics, Housing Recovery, National Real Estate | 118 Comments

NY Metro among the healthiest housing markets

From CNBC: The healthiest housing markets? It may surprise you Following today’s housing recovery is like watching a bunch of sixth grade girls decide which boys are cool and which aren’t. Boy to boy, housing market to housing market, the … Continue reading

Posted in Economics, Housing Recovery, National Real Estate | 142 Comments

Looking into Trulia’s crystal ball

From HuffPo: Trulia: 2014 Will Be The Year Of Repeat Home Buyer The housing market continued its uneven recovery in 2013 and will enter 2014 closer to normal than it was a year earlier. Consumer optimism is climbing back: in … Continue reading

Posted in Economics, Housing Recovery, National Real Estate | 108 Comments

NJ’s inability to foreclose costs everyone

From HousingWire: Four states face sticker shock from g-fees, adverse market fees Four states failed to make the exclusive list of 46 states that no longer have to provide the upfront 25-basis point adverse market fee: New York, New Jersey, … Continue reading

Posted in Foreclosures, Mortgages, Politics | 112 Comments

Are you feeling any wealthier?

From Reuters: U.S. household net worth hits record high in Q3 U.S. household net worth hit a record high in the third quarter as home prices marched up and the value of stocks and mutual funds surged, a hopeful sign … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate | 85 Comments

NJ’s foreclosure constipation

From the Star Ledger: New Jersey foreclosures continue, but number of homes in the pipeline falls The number of New Jersey homes in the foreclosure pipeline continues to shrink, but slowly. According to CoreLogic, more than 4,500 homes completed the … Continue reading

Posted in Foreclosures, New Jersey Real Estate | 37 Comments