Monthly Archives: June 2015

Pending Home Sales Hits Post-Recession Highs

From the WSJ: U.S. Pending Home Sales at Highest Level in Nine Years A forward-looking indicator of home sales rose to its highest level in more than nine years in May, a sign the housing market is gaining traction after … Continue reading

Posted in Housing Recovery, National Real Estate | 85 Comments

Home prices setting new records in April

From HousingWire: Black Knight: Home prices rise 1% in April from March U.S. home prices were up 1% for the month, rising 4.9% on a year-over-year basis, according to Black Knight’s latest Home Price Index report, based on April 2015 … Continue reading

Posted in Demographics, Economics, Housing Recovery, National Real Estate | 86 Comments

Peek into the Lower Hudson Valley Market

From Lohud.com: The slump is over: real estate is back Looks like very good news for homeowners across the Lower Hudson Valley — experts are saying that the multi-year real estate slump is finally over. “It’s the best market we’ve … Continue reading

Posted in Housing Recovery, NYC | 30 Comments

Getting ahead in the new normal

From the NYT: More Americans Are Renting, and Paying More, as Homeownership Falls To Johnnie McDowell, the house on Livingston Street seems to taunt him every time he walks by. It’s nothing special: The two-story home is a bit shabby, … Continue reading

Posted in Demographics, Economics, Housing Recovery, New Jersey Real Estate | 94 Comments

Hipsters hate Yuppies

You are fooling nobody bud, you are clearly a hipster in a yuppie disguise. Also, be it noted, white men can’t tag. From the Jersey Journal: Photos show alleged vandal behind ‘Go home yuppie scum’ graffiti in Jersey City Police … Continue reading

Posted in Humor, New Development, Unrest | 115 Comments

Stalker or elaborate sham to sue?

From the NY Daily News: New Jersey couple sues over dream home that came with creepy, threatening letters from ‘The Watcher’ A New Jersey couple who thought they were buying their dream home are suing its previous owners, claiming the … Continue reading

Posted in New Jersey Real Estate, Unrest | 90 Comments

First time buyers back in the market?

From the WSJ: U.S. Existing-Home Sales Increase 5.1% in May Sales of previously owned homes surged in May, buoyed in part by the return of younger buyers who had long struggled to find a path into the market. The pace … Continue reading

Posted in Demographics, Economics, Housing Recovery, National Real Estate | 68 Comments

Subprime wasn’t the problem?

From Fortune: The subprime mortgage crisis wasn’t about subprime mortgages In the years following the financial crisis, a cottage industry arose that tried to explain just what happened to the American economy and the financial system. Early on in the … Continue reading

Posted in Foreclosures, Housing Bubble, Risky Lending | 70 Comments

Boomerangers

From the NYT: Mortgage Market on the Mend New research from TransUnion, the credit information service, predicts that some 1.5 million homeowners who were forced out of the mortgage market after the housing bust will have recovered sufficiently to re-enter … Continue reading

Posted in Foreclosures, Housing Recovery, Mortgages, National Real Estate, Risky Lending | 63 Comments

2014 Profile of NJ Buyers and Sellers

From the Record: Who’s buying and selling? Who is buying? Forty-four percent were first-time buyers in New Jersey compared to the national figure of 33 percent. Age of the first-time buyer is 33 and the typical repeat buyer is 48. … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate | 119 Comments

One hundred and ninety seven percent!

From HousingWire: Foreclosure activity hits 19-month high on rise in REOs Foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 126,868 U.S. properties in May 2015, up 1% from the previous month and up 16% … Continue reading

Posted in Foreclosures, New Jersey Real Estate | 100 Comments

Housing and credit data continuing to improve

From National Mortgage Professional: New Data Finds Negative Equity and Consumer Debt Declining The latest CoreLogic study on negative equity found 254,000 properties regained equity in the first quarter, bringing the total number of mortgaged residential properties with equity at … Continue reading

Posted in Demographics, Economics, Housing Recovery, National Real Estate | 139 Comments

Is 20% even possible anymore?

From Bloomberg: Want a House? Good Luck With the Down Payment Saving for a down payment has long been a big challenge for anyone who wants to buy a home. And it got harder after the financial crisis, as lenders … Continue reading

Posted in Housing Recovery, Mortgages, Risky Lending | 146 Comments

Measuring the buyer/appraiser disconnect

From HousingWire: Homeowner, appraiser home value opinion gap widens The difference between appraiser and homeowner perceptions continued to increase for the fourth consecutive month in May, Quicken Loans reports. Appraiser opinions of home values were 1.15% lower than homeowner estimates, … Continue reading

Posted in Economics, Housing Bubble, Housing Recovery | 112 Comments

Bayonne the hot new market?

From the Hudson Reporter: Going up, up, up With dozens of rental developments in Hudson County going up and many recently being completed, why does a current report say that county rents are still on the rise, and may actually … Continue reading

Posted in Economics, Housing Recovery, New Development, New Jersey Real Estate | 30 Comments