Monthly Archives: May 2015

“Location, location…” – Looks like the truth?

From the Record: Price gap hinders housing recovery across North Jersey Andrea and Joe Buccino bought their first home, a Cape Cod in Wallington, for $385,000 in 2005. A decade later, they put it on the market for $299,000 — … Continue reading

Posted in Economics, Housing Bubble, New Jersey Real Estate | 86 Comments

Overpaying millennials driving up rents?

From HousingWire: Rents rise as millennials keep forking over the cash Rent.com conducted a survey of 1,000 millennial renters to find out how they are planning their next move, finding more than half (57%) rank affordability as the most important … Continue reading

Posted in Demographics, Economics, National Real Estate | 24 Comments

Buy or Rent driving Wealth Inequality?

From CNBC: The Wealth Gap Is Expanding as More People Rent, Study Says For the majority of American homeowners, their house is their single largest asset. Despite the crash in home values in the last decade, that still holds true. … Continue reading

Posted in Demographics, Economics, National Real Estate | 69 Comments

Mortgage delinquency becoming a non-issue, except in NJ

From HousingWire: MBA: Mortgage delinquencies and foreclosures drop in 1Q The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 5.54% of all loans outstanding at the end of the first quarter of … Continue reading

Posted in Foreclosures, Mortgages, New Jersey Real Estate | 67 Comments

NJ houses to get more expensive

From the Star Ledger: All new houses would be required to have sprinklers, under bill on Christie’s desk The deadline for Gov. Chris Christie to sign or veto legislation that would require every new single or two-family home built in … Continue reading

Posted in New Development, New Jersey Real Estate | 54 Comments

Negative Equity at the Top? Not in NJ.

Sorry folks, finally we have the data to show it. Negative equity simply isn’t prevalent at the top-end of the market. From Black Knight: Black Knight Mortgage Monitor – March 2015 Report Low-end homes in the New York-New Jersey CBSA … Continue reading

Posted in Demographics, Economics, Housing Recovery, New Jersey Real Estate | 112 Comments

Next bubble already?

From HousingWire: Home price and wage divergence raise alarms Elsewhere and throughout most markets, home prices and rents keep rising, but sharply declining homeownership means fewer households are benefitting and more and more households are being priced out of homeownership … Continue reading

Posted in Demographics, Economics, Employment, Housing Recovery | 59 Comments

Inventory on the horizon? Maybe not.

From DS News: Economist: Declining Shadow Inventory Will Not Help Country’s Short Housing Supply A consistent and steady decline in shadow inventory, which is the number of residential properties that are in foreclosure but not being sold because the owner … Continue reading

Posted in Economics, Housing Recovery, National Real Estate | 15 Comments