Monthly Archives: July 2015

Even NJ Hates NJ

From the Star Ledger: N.J. residents’ positive feelings about their state hits 35-year low, poll shows New Jersey and you, imperfect together. The percentage of New Jersey residents considering their state a good or excellent place to live dropped to … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate, Unrest | 118 Comments

Fewer Underwater Homeowners in NJ

From the Record: Share of underwater homeowners declines in NJ, US About one in every seven New Jersey homeowners with mortgages, or 14.6 percent, are “seriously underwater” — owing much more on their mortgages than the home is worth, according … Continue reading

Posted in Economics, Housing Recovery, New Jersey Real Estate | 215 Comments

Case Shiller – US Up 4.4% YOY in May

From the WSJ: Home-Price Growth Remained Solid in May Home prices made solid gains in May, according to a report released Tuesday, as home price growth appears to be largely flattening out after a long, uneven recovery. The S&P/Case-Shiller Home … Continue reading

Posted in Economics, Housing Recovery, National Real Estate | 135 Comments

NJ Building Permits Near 30 Year High

From the Star Ledger: N.J. home building permits soar to nearly 30-year high Homebuilders in New Jersey received more permits in June than they had in nearly 30 years, new data shows. Roughly 4,800 permits were authorized in New Jersey … Continue reading

Posted in Economics, New Development, New Jersey Real Estate | 223 Comments

Home prices near peaks across US

From HousingWire: Black Knight: Home prices approach pre-crisis peak Home prices are approaching their pre-crisis peak, according to a new report from Black Knight Financial Services (BKFS). Black Knight’s latest Home Price Index report, based on May 2015 residential real … Continue reading

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

Vote for Christie – Get a Tunnel

From the NYT: Chris Christie Claims He Will Pursue the Trans-Hudson Tunnel Project as President Several days of severe delays for rail commuters trying to cross the Hudson River this week has been a painful reminder of the deteriorating state … Continue reading

Posted in Economics, New Jersey Real Estate, NYC, Politics | 51 Comments

Canary?

From Bloomberg: Hamptons Home Prices Fall as More Sellers List Properties The real estate market in New York’s Hamptons has cooled from a frenzied pace, with the median sale price in the beachfront towns falling to the lowest in a … Continue reading

Posted in Housing Bubble, Housing Recovery, Shore Real Estate | 88 Comments

Home sales at highest level since 2007

From Reuters: U.S. home sales approach eight-and-a-half-year high, prices surge U.S. home resales rose in June to their highest level in nearly 8-1/2 years, a sign of pent-up demand that should buoy the housing market recovery and likely keep the … Continue reading

Posted in Housing Recovery, National Real Estate | 103 Comments

Time to clean house? Vote all incumbents out.

From the APP: Where does New Jersey’s job market rank? Just when you thought it was safe to come out. New Jersey’s job market, which showed signs of life early this year, slumped in June, leaving the Garden State 36th … Continue reading

Posted in Demographics, Economics, New Development, New Jersey Real Estate | 168 Comments

Everyone wants out?

From the Star Ledger: 14 percent of N.J. businesses thinking of moving out of state The New Jersey Chamber of Commerce’s biannual Baker Tilly Spring Economic Outlook Survey brings grim news for the state’s lagging employment prospects: Fourteen percent of … Continue reading

Posted in Economics, Employment, New Jersey Real Estate | 150 Comments

In-depth look into NJ’s foreclosure situation

From the Record: Fuller impact of home foreclosure debacle hits N.J. The number of New Jersey home repossessions by lenders has soared in the past two years and is on track to increase again in 2015, in sharp divergence to … Continue reading

Posted in Foreclosures, New Jersey Real Estate, Risky Lending | 118 Comments

Hammers start swinging again

From Bloomberg: Housing Starts in U.S. Surge to Second-Highest Level Since 2007 New-home construction in the U.S. climbed in June to the second-highest level since November 2007 as builders stepped up work on apartment projects. Housing starts rose 9.8 percent … Continue reading

Posted in Housing Recovery, National Real Estate, New Development | 26 Comments

NJ loses jobs, unemployment rate tumbles to 6.1%

From the Star Ledger: N.J. sheds 7,400 jobs in June as construction industry shrinks New Jersey lost more than 7,000 jobs in June with the biggest employment loss posted in the construction industry, according to new labor data released on … Continue reading

Posted in Economics, Employment, New Jersey Real Estate | 54 Comments

Shocking: Expectations between the dumb and the blind don’t align

From HousingWire: Chasm developing between homeowner, appraiser opinions Appraiser home value opinions fell further below homeowner estimates in June, marking the fifth consecutive month of this trend at the national level, according to Quicken Loans. Appraiser opinions of home values … Continue reading

Posted in Housing Recovery, National Real Estate | 113 Comments

Lonely at the top

From the Star Ledger: N.J. has largest share of homes in foreclosure, report shows A greater share of homes in New Jersey are facing foreclosure than anywhere else in the country, according to a report released Tuesday morning. The report … Continue reading

Posted in Foreclosures, Housing Recovery, New Jersey Real Estate | 138 Comments