Monthly Archives: January 2014

NJ on the way to Number 1!

From the Star Ledger: NJ may soon lead nation in foreclosures New Jersey may lead the nation with the highest percentage of foreclosed homes by the summer. “It’s just a matter of time,” said Mark Fleming, chief economist for CoreLogic, … Continue reading

Posted in Foreclosures, New Jersey Real Estate | 171 Comments

Foreclosure crisis eased in 2013

From National Mortgage Professional: Foreclosure Inventory Drops by More Than 30 Percent Year-Over-Year in December CoreLogic has released its December National Foreclosure Report, which provides data on completed U.S. foreclosures and the national foreclosure inventory. According to CoreLogic, there were … Continue reading

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

2013 – Good year for NJ real estate

From the Record: N.J. home sales rose 18% in 2013, realtors say The number of homes sold in New Jersey last year reached their highest levels since 2005, rising 18.1 percent to almost 95,000 units, the New Jersey Association of … Continue reading

Posted in Economics, Housing Recovery, New Jersey Real Estate | 72 Comments

Don’t blame Gen X or the Millennials

From HousingWire: Think Millennials are stalling the housing market? For years now, everyone has been blaming the Millennials for stalling the housing recovery because of their reluctance or inability to purchase a home, but it may be the cohort right … Continue reading

Posted in Demographics, Housing Recovery, National Real Estate | 89 Comments

Maplewood homeowner sees tax bill rise $9000 in error

From the Star Ledger: Bamboozled: Property taxes soar after appraiser adds non-existent features to Maplewood home Jerry Auriemma was born and bred in Maplewood. In 1988, before he married, he bought a newly built home in town. The four-bedroom, 2.5 … Continue reading

Posted in New Jersey Real Estate, Property Taxes | 144 Comments

“The lack of inventory is a big obstacle for the housing market”

From Fox Business: Will Inventory Kill Housing’s Recovery? The housing market has been on a steady recovery, but there is one major obstacle that could potentially slow down its momentum: tight inventory. “The lack of inventory is a big obstacle … Continue reading

Posted in Economics, Housing Recovery, National Real Estate | 67 Comments

2013 Housing Market Closes Strong

From Bloomberg: US home sales edged up 1 percent in December Sales of existing U.S. homes edged up slightly in December, helping to lift sales for the year to the highest level in seven years. Sales increased to an annual … Continue reading

Posted in Economics, Housing Recovery, National Real Estate | 74 Comments

Cash still king

From CNN/Money: Buyers flocked to foreclosures last year — and many paid all cash Bargain hunters scooped up more foreclosed homes in 2013 — and many of them paid all cash. Sales of foreclosed and distressed homes made up 16.2% … Continue reading

Posted in Foreclosures, National Real Estate | 77 Comments

Home sales to increase in 2014, but not by much

From HousingWire: How can 2014 home sales outpace 2013? Existing home sales stalled out at the end of 2013, but Paul Diggle, property economist at Capital Economics, says the decline in existing home sales will prove temporary. Capital Economics notes … Continue reading

Posted in Economics, Housing Recovery, National Real Estate | 67 Comments

‘fellergate

From CNN: Hot piece of land in Hoboken at center of Christie-Zimmer dispute Most issues in Hoboken, New Jersey, ultimately boil down to real estate. So it’s no surprise to the residents of the small city that the dustup between … Continue reading

Posted in New Development, New Jersey Real Estate, Politics | 108 Comments

2013 Year End Foreclosure Report

From National Mortgage Professional: Foreclosure Totals Down 26 Percent Year-Over-Year in 2013 RealtyTrac has released its Year-End 2013 U.S. Foreclosure Market Report, which shows foreclosure filings—default notices, scheduled auctions and bank repossessions—were reported on 1,361,795 U.S. properties in 2013, down … Continue reading

Posted in Foreclosures, National Real Estate | 51 Comments

You’d be crazy to buy here

From the Star Ledger: Top 30 N.J. towns with heaviest tax burden based on level of taxes compared to income The top 30 most heavily taxed N.J. towns: 30. Magnolia (Camden County) 29. Washington Borough (Warren County) 28. Mount Ephraim … Continue reading

Posted in Demographics, New Jersey Real Estate, Property Taxes | 48 Comments

More millionaires in NJ

From the Star Ledger: N.J. has 2nd-highest percentage of households worth $1 million or more, study says New Jersey has the second-highest percentage of households worth at least $1 million in the country, according to a study by Phoenix Marketing … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate | 66 Comments

Loveshack case gets more interesting

From the Record: Real estate agent, accused of having sex in Wayne client’s home, claims extortion in countersuit Pay me $990,000 or have your love nest exposed and your reputation destroyed. That’s the choice a Wayne real estate agent claims … Continue reading

Posted in Humor, New Jersey Real Estate | 94 Comments

David Stern Disbarred

From Mother Jones: Fallen Foreclosure King David J. Stern Disbarred The long, legal saga of David J. Stern, the south Florida attorney who made a fortune off the wave of home foreclosures stemming from the housing crisis, has reached its … Continue reading

Posted in Foreclosures, Mortgages, National Real Estate | 126 Comments