Monthly Archives: August 2014

Safer to spend Labor Day in Detroit than at the Jersey Shore

From the Daily Record: Ocean County: The most dangerous place in America? Time magazine declared this week that Ocean County is the most dangerous place to live in the United States because of the potential for natural disasters. … The … Continue reading

Posted in Shore Real Estate | 41 Comments

NJ building permits up 30%, rentals account for 63%

From the Record: NJ builders on track to start largest number of homes since 2006 Despite last winter’s weather delays, New Jersey builders are on track to start the largest number of homes since 2006, led by a boom in … Continue reading

Posted in Housing Recovery, New Development, New Jersey Real Estate | 52 Comments

Foreclosures tumble, Northeast struggles to clear

From National Mortgage Professional: National Foreclosure Report Indicates Over 20 Percent Decrease, Year-Over-Year CoreLogic released its July National Foreclosure Report, which provides data on completed U.S. foreclosures and foreclosure inventory. According to CoreLogic, for the month of July 2014, there … Continue reading

Posted in Foreclosures, Mortgages, National Real Estate | 117 Comments

Home prices slow, but continue to show gains

From Bloomberg: Home Prices in 20 U.S. Cities Rose in June at a Slower Pace Home prices in 20 U.S. cities rose at a slower pace in the year ended in June as declining affordability and weak wage gains kept … Continue reading

Posted in Economics, Housing Recovery, National Real Estate | 156 Comments

Don’t blame it on the Boomers, blame it on Gen X

From HousingWire: Generation X housing woes impact entire mortgage market Generation X, people 35 to 49, got hit the hardest by the financial crisis and as a negative side effect are now prohibiting the rest of the market from making … Continue reading

Posted in Demographics, Economics, Employment, Housing Recovery, Risky Lending | 101 Comments

But will the banks pay up?

From the Star Ledger: N.J. law would levy hefty fines against abandoned homes, absentee creditors At one time, the opulent McMansion at the corner of Greentree Road and Lamson Lane in Washington Township was the definition of a dream home. … Continue reading

Posted in Foreclosures, New Jersey Real Estate | 87 Comments

Going Long Jersey

From the NYT: Life After Brooklyn By many measures, Jeff Huston and his wife, Lisa Medvedik-Huston, arrived late to Williamsburg, Brooklyn. They weren’t among the first waves of artists and hipsters in the early-to-mid ’90s to cross the East River … Continue reading

Posted in Demographics, Housing Recovery, New Development, NYC | 98 Comments

July home sales at 10 month high

From Forbes: July Existing Home Sales Hit Highest Pace Of 2014 Sales of previously-owned homes in July rose for the fourth straight month, hitting their highest pace in 2014, according to data released Tuesday by the National Association of Realtors. … Continue reading

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

Distressed sales continue decline in June

From CoreLogic: Distressed Sales Accounted for Just 11 Percent of Total Home Sales in June Distressed sales (REO and short sales) accounted for 11.4 percent of total home sales in June, the lowest share since December 2007 and a strong … Continue reading

Posted in Economics, Housing Recovery, Risky Lending | 136 Comments

Casinowars

From the Star Ledger: Business leaders pushing Meadowlands casino plans as Atlantic City casinos close Business and community leaders huddled in the Meadowlands this morning to discuss the district’s next big bet: casinos. With Atlantic City’s gaming industry sputtering, lawmakers … Continue reading

Posted in National Real Estate, New Jersey Real Estate, Politics | 90 Comments

NJ to Banks: Clean em’ up

From the Courier Post: Christie signs bill allowing towns to crack down on problem properties Gov. Chris Christie has signed into law a measure empowering towns and cities to fine banks or creditors that fail to properly maintain vacant properties … Continue reading

Posted in Foreclosures, New Jersey Real Estate, Politics | 97 Comments

Philly doing any better? Nah.

From the Philly Inquirer: Regional home sales up, but still lag The real estate market in the eight-county Philadelphia region thawed its way out of a disappointing winter and into a sunnier spring in 2014’s second quarter, but sales still … Continue reading

Posted in Demographics, Economics, Housing Recovery, National Real Estate | 157 Comments

Since when is Cliffside Park and Wood-Ridge not Suburbia?

From the Record: As housing rebounds, construction pace picks up at 2 developments In a sign of the housing industry’s rebound, two large North Jersey redevelopment projects — in Wood-Ridge and Cliffside Park — are picking up momentum after being … Continue reading

Posted in Housing Recovery, New Development, New Jersey Real Estate | 110 Comments

The slow grind

From the APP: NJ’s housing market wades through foreclosures Waiting for New Jersey’s housing market to pick up some speed? You might want to grab a chair. A report released Friday provided a mixed bag for the Shore’s home owners … Continue reading

Posted in Economics, Employment, Foreclosures, New Jersey Real Estate | 30 Comments

NJ unemployment falls, but still lags the nation

From NJBIZ: New Jersey adds 5,700 jobs in July; unemployment rate drops to 6.5 percent New Jersey employment increased by 5,700 jobs in July, as unemployment fell to 6.5 percent, according to U.S. Bureau of Labor Statistics data. July estimates … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 107 Comments