Monthly Archives: July 2015

Philly – Hottest SFH Market in 10 Years

From the Inquirer: Phila. single-family home prices, sales volume soar in 2Q, data show In the spring, Philadelphia’s single-family housing market had its best quarter in a decade, with prices and sales volume surging throughout the city. The average house … Continue reading

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

First sign of cracks in the mega-landlord model

From Bloomberg: Blackstone Selling 1,300 Atlanta Houses in Strategy Shift Blackstone Group LP’s Invitation Homes, after spending more than $9 billion in a U.S. property-buying spree, is starting to sell some houses as it shifts focus from rapid expansion to … Continue reading

Posted in Economics, National Real Estate | 87 Comments

Seems that everyone is taking shots at Jersey lately…

From Realtor.com (yes, realtor.com): More Bad News for New Jersey? Or Is It Good News for the Middle Class? If we can’t blame New Jersey Gov. Chris Christie for the traffic jams, maybe he can’t take the hit for this … Continue reading

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

Brooklyn hits record highs

From Crains NY: Brooklyn housing boom pushes sale prices and rentals to new highs Rents and home prices reached record levels in Brooklyn during the second quarter of 2015, according to a market report released Thursday. The average sale price … Continue reading

Posted in Demographics, Economics, Housing Recovery, NYC | 108 Comments

HUD to tell you who you are permitted to live next to

From HousingWire: HUD’s social engineering is coming to your neighborhood Look out American neighborhoods, you’re about to get engineered good and hard. Why? Because market pricing is now considered discrimination. In fact, any neighborhood that doesn’t meet with the approval … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate, Politics | 132 Comments

Finally a good time to sell?

From HousingWire: Consumer attitudes on housing signal healthier purchase market ahead Americans’ outlook toward the current home selling market and the future of home rental prices may bode well for purchase activity this year, according to results from Fannie Mae’s … Continue reading

Posted in Economics, Housing Recovery, National Real Estate | 162 Comments

NJ 23th largest economy in the world

From the Star Ledger: N.J.’s economy would crack world’s Top 25 if it was its own country, report says New Jersey’s economic growth fared worse than nearly every other state in the nation last year. But the state’s gross domestic … Continue reading

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

The difference between NJ and CA real estate

In NJ, if you have a stalker you can’t sell the house. In SF, if you find a dead body during the home inspection, nobody cares. From HousingWire: Corpse found in $1M San Francisco house for sale – Price could … Continue reading

Posted in Humor | 90 Comments

Yeah, New Jersey stinks. Stinks like money.

I hear people complain about the drive up or down 95, it stinks, dark and dank industrial wasteland. Miles and miles of warehouse, factory, smokestacks, power plants, shipping containers, garbage dumps. It’s beautiful. You can keep your scenic roadways and … Continue reading

Posted in Humor, New Jersey Real Estate | 77 Comments

NY Metro Home Prices up 2.8% in April

From the Record: Region’s home prices tick up 2.8% As the housing market continues to recover, single-family home prices in the New York metropolitan area ticked up 2.8 percent in the year that ended in April, the S&P/Case-Shiller home price … Continue reading

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

Cash sales top 48% in NJ

From Inman: All-cash purchases, institutional investors saw record lows in May single-family market The percentage of single-family homes and condos purchased with all cash or by institutional investors hit record lows in May. Nearly 25 percent of all home sales … Continue reading

Posted in Economics, New Jersey Real Estate | 112 Comments

New highs for NYC, over the river … notsomuch

From the NYT: Average Home Price in Manhattan Reaches $1.87 Million, a New High After flirting with records for more than a year, the average sales price of a Manhattan apartment hit a new high in the second quarter, according … Continue reading

Posted in Demographics, Economics, Housing Recovery, NYC | 120 Comments