Monthly Archives: September 2014

NJ foreclosure auctions up 71%

From the Philly Inquirer: N.J. foreclosure filing rate up 115% from last year New Jersey’s foreclosure-filing rate skyrocketed in August, by 115 percent over the same month in 2013, pushing the state into the Top Five, housing-data analytics firm RealtyTrac … Continue reading

Posted in Foreclosures, Housing Recovery, New Jersey Real Estate | 67 Comments

Asking Prices and Rents up in August

From HousingWire: You won’t believe the 10 markets where price gains were strongest Home price rose a mere 1% month-over-month in August, according to the latest reports from Trulia. Nationally, the month-over-month increase in asking home prices rose to 1.0% … Continue reading

Posted in Demographics, Economics, Employment, Housing Recovery, National Real Estate | 80 Comments

Renters by choice?

From the Washington Post: Renters fear they lack the credit, not just the cash, to buy a home Many renters who want to buy a home might not even try to because they fear that they won’t qualify for a … Continue reading

Posted in Demographics, Economics, Employment, Mortgages, National Real Estate | 94 Comments

Murder Shmurder

From the Philly Inquirer: On the House: On disclosure, and homes that languish on market Lately, I have been going back to two things our listing agent drummed into my head when we were selling our last house. Disclose, disclose, … Continue reading

Posted in Comp Killer, General, New Jersey Real Estate | 89 Comments

Case Shiller Revised – House Price Collapse Not So Bad

From Bloomberg: Case-Shiller Redo Shows Less Severe U.S. Home-Price Slump The collapse in U.S. home prices that stoked the worst recession since the Great Depression wasn’t quite as severe as initially estimated, according to data from S&P/Case-Shiller. Property values nationally … Continue reading

Posted in Economics, Housing Recovery, National Real Estate | 129 Comments

September Beige Book

From the Fed: Beige Book – September 3, 2014 – New York The Second District’s economy has continued to expand at a moderate pace since the last report. Prices of finished goods and services remain generally steady, while businesses continue … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 116 Comments

29 consecutive months of price increases

From CoreLogic: CoreLogic Reports Home Prices Rose By 7.4 Percent Year Over Year In July CoreLogic a leading global property information, analytics and data-enabled services provider, today released its July CoreLogic Home Price Index (HPI®) report. Home prices nationwide, including … Continue reading

Posted in Housing Recovery, National Real Estate | 117 Comments

Heloc reset shocks not quite so shocking

From HousingWire: 2.5 million borrowers face imminent payment shock At least 2.5 million borrowers will face an average increase of $250 per month on their monthly mortgage payment due to the imminent reset in home equity lines of credit over … Continue reading

Posted in Economics, Mortgages, National Real Estate, Risky Lending | 108 Comments

2014 trails in North Jersey, lower inventory, higher prices.

From the Record: Bergen, Passaic home sales cool off as prices rise The number of single-family homes sold in Bergen and Passaic counties is running about 10 percent below last year’s rate — a sign that the real estate market … Continue reading

Posted in Demographics, Economics, Housing Recovery, New Jersey Real Estate | 47 Comments