Monthly Archives: September 2015

Cash sales drop, NJ among top

From HousingWire: CoreLogic: Cash sales in June drop to 31% Cash sales made up 31.3% of total home sales in June 2015, down from 33.9% in June 2014, according to the latest report from CoreLogic (CLGX). The year-over-year share has … Continue reading

Posted in Demographics, Housing Recovery | 140 Comments

Pending Home Sales dip – Sign of something more to come?

From CNBC: Pending home sales fell 1.4% in August Rising home prices and a tight supply of homes for sale are keeping buyers at bay. A monthly index measuring signed contracts to buy existing homes, so-called pending home sales, fell … Continue reading

Posted in Economics, Housing Recovery, National Real Estate | 94 Comments

No Quick Recovery for Jersey

From the APP: Jersey Shore home prices: Rising, but how far? Looking to buy or sell a home? Nearly 10 years after the market in Monmouth and Ocean counties hit its peak, residential real estate has shown encouraging signs of … Continue reading

Posted in Housing Recovery, New Jersey Real Estate, Shore Real Estate | 62 Comments

Tallest, but only for a moment

From the Star Ledger: Jersey City tower becomes tallest residential building in N.J. A new Jersey City tower is the tallest residential building in New Jersey—for now. At 713 feet high and 69 stories, Urban Ready Life (URL) Harborside 1 … Continue reading

Posted in New Development, New Jersey Real Estate | 62 Comments

The new closed market

From the WSJ: Real-Estate ‘Pocket Listings’ Go Mainstream The 19th-century brick rowhouse on a leafy street in the capital’s upscale Dupont Circle neighborhood is the sort of property that usually would spark a bidding war in a hot real-estate market. … Continue reading

Posted in National Real Estate, Unrest | 93 Comments

Zillow not the best deal for consumers?

From MarketWatch: Something you should know about real-estate agents on Zillow Consumer advocates have long cautioned against dual agency in real-estate transactions. That’s when the real-estate agent advocating for the seller also represents the buyer. Common sense dictates this scenario … Continue reading

Posted in General | 48 Comments

Snippy maybe, perhaps Snooty, but never, ever, Snobby…

From the APP: Snobsville: Where are the snobbiest places in New Jersey? Here’s the Top 30: 1. Princeton 2. Chatham 3. Mendham 4. Edgewater 5. Glen Ridge 6. Bernardsville 7. Westfield 8. Hoboken 9. Summit 10. Oradell 11. Ridgewood 12. … Continue reading

Posted in Humor, New Jersey Real Estate | 117 Comments

Existing home sales fall, nobody cares

From the WSJ: U.S. Existing Home Sales Fall Rising home prices are starting to catch up with buyers and may be leading some to put off buying for a little longer. Existing home sales tumbled 4.8% in August to a … Continue reading

Posted in Economics, Housing Recovery, National Real Estate | 62 Comments

Can someone please school Yellen?

From Bloomberg: Janet Yellen Sees a ‘Very Depressed’ Housing Market While Federal Reserve Chair Janet Yellen heaped praise on the U.S. labor market in her press conference on Thursday, the housing market got little love. Residential real estate “remains very … Continue reading

Posted in Demographics, Economics, Employment, Housing Recovery | 76 Comments

Underwater owners down 50% from peak

From the NYT: Fewer Underwater Mortgage Holders The share of underwater mortgage holders — those who owe more than their homes are worth — has dropped by more than half since peaking in early 2012, according to new data from … Continue reading

Posted in Economics, Housing Recovery, National Real Estate | 19 Comments

Repossessions spike? REPOSSESSIONS SPIKE?!?!?!?!

More like “as repossessions finally begin moving from a grinding halt” (and that this is GOOD NEWS)… From the Star Ledger: N.J. foreclosure rate again ranks among top in U.S. as repossessions spike While the number of homes entering the … Continue reading

Posted in Foreclosures, Housing Recovery, New Jersey Real Estate | 136 Comments

Go ahead, hike, I dare you.

From Reuters: For hot New York property market, a Fed move won’t change much Not even a rate hike from the Federal Reserve is expected to cool off the hot New York commercial real estate market, where demand remains high, … Continue reading

Posted in Economics, Housing Recovery, New Development, NYC | 101 Comments

The kids are (mostly) alright

From Marketplace: Young people dip into housing market The housing industry appears to finally be in broad recovery mode after years of struggle following the official end of the recession in 2009. Housing starts and sales are rising, home prices … Continue reading

Posted in Demographics, Economics, Employment, Housing Recovery, National Real Estate | 45 Comments

Bubble chant continues to grow louder

From HousingWire: Bubble, bubble? Number of overvalued markets doubles since first quarter A new report from CoreLogic (CLGX) identifies 14 of the top 100 markets in the U.S. as currently overvalued, double the number as of the end of the … Continue reading

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate | 42 Comments

What me worry?

From Real Estate Weekly: Threat of natural disaster does little to dampen home prices Do the high real estate prices in New York and New Jersey equal high danger? The area has certainly seen its share of intense weather in … Continue reading

Posted in New Jersey Real Estate, NYC, Shore Real Estate | 33 Comments