Monthly Archives: December 2015

Millennials can barely afford their own bedroom

Posted in Demographics, Economics, Employment, National Real Estate | 46 Comments

Despite our arrogance, we’re not in the top 20.

From HousingWire: Here are the 20 hottest housing markets to close out the year Discuss: Here are the 20 hottest housing markets in December 20. Midland, Texas 19. Fort Wayne, Indiana 18. Tampa-St. Petersburg-Clearwater, Florida 17. Boulder, Colorado 16. Detroit-Warren-Dearborn, … Continue reading

Posted in Housing Recovery, National Real Estate, New Jersey Real Estate | 46 Comments

#FOMO

From the WSJ: Housing Rebound: Time for Millennials to Leave the Nest Millennials appear to be in no rush to ditch their parents’ homes. Perhaps they should be. More adults between ages 18 and 34 are now living with mommy … Continue reading

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

$1m to buy the average condo/coop in NYC

From the WSJ: New York City Housing Prices Set Record Manhattan apartment prices reached new highs in 2015, with the typical price of a co-op or condominium topping $1 million for the first time as the year drew to a … Continue reading

Posted in Economics, Housing Recovery, NYC | 97 Comments

2015 Economic Snapshot

From the Record: 2015 was the year of the long good-bye, but jobs rebounded New Jersey’s job market swung from optimism to despair and back in 2015, ending the year on a high note, with the largest annual employment increase … Continue reading

Posted in Economics, Employment, Housing Recovery, New Jersey Real Estate | 19 Comments

Something’s fishy about the New Home Sales numbers

Housingwire cites Zerohedge? I like it. Is there more trouble hidden in November’s new home sales data? But a deeper dive into the new home sales data shows that November’s increase over October isn’t quite as promising as it appears. … Continue reading

Posted in Economics, National Real Estate, Politics | 38 Comments

Did TRID cause the November dip?

From HousingWire: The TRID effect is real: Existing-home sales fall sharply in November First there was anecdotal evidence that the implementation of the Consumer Financial Protection Bureau’s TILA-RESPA Integrated Disclosures rule in October had caused issues with the housing industry, … Continue reading

Posted in Housing Recovery, Mortgages, National Real Estate | 119 Comments

November Existing Home Sales

From the WSJ: U.S. Existing Home Sales Plunge in November Sales of previously owned homes plummeted in November as delays caused by new mortgage red-tape and a dwindling supply of residences on the market pushed down sales to a level … Continue reading

Posted in Economics, Housing Recovery, National Real Estate | 37 Comments

Just let Atlantic City fall into the sea

From the Record: Legislators advance competing measures to put approval of North Jersey casinos on ballot State Senate and Assembly committees each passed resolutions on Thursday designed to have voters statewide determine next fall whether to amend the state constitution … Continue reading

Posted in New Development, North Jersey Real Estate, Politics | 77 Comments

Atlantic City in the Top 10 … worst performing markets

From HousingWire: These are the top and bottom 10 housing markets right now As the year comes to a close, Pro Teck Valuation Services’ latest home value forecast of the top 10 best and 10 worst performing metros ended the … Continue reading

Posted in Demographics, Economics, Employment, Housing Recovery, Shore Real Estate | 37 Comments

Not the lenders responsibility, except in NJ…

Again, NJ legislators lack awareness of their own unintended consequences. From the Star Ledger: 3-year foreclosure ban for Sandy victims headed to Christie’s desk A bill aimed at keeping thousands of Hurricane Sandy victims from entering into foreclosure for three … Continue reading

Posted in Foreclosures, Mortgages, Politics, Shore Real Estate | 78 Comments

Fannie: 3 more rate hikes next year, little impact to mortgage rates

From HousingWire: Fannie Mae: Expect 3 more Fed rate hikes in 2016 December 16, 2015, will forever be known as the day that the Federal Open Market Committee increased the federal funds rate for the first time since June 2006, … Continue reading

Posted in Economics, Housing Recovery, Mortgages | 82 Comments

Fewer underwater borrowers, NY Metro among the highest positive equity

From CoreLogic: CoreLogic Reports 256,000 US Properties Regained Equity in the Third Quarter of 2015 CoreLogic … today released a new analysis showing 256,000 properties regained equity in the third quarter of 2015, bringing the total number of mortgaged residential … Continue reading

Posted in Demographics, Economics, Housing Recovery, National Real Estate, New Jersey Real Estate | 133 Comments

Don’t blame millennials for rental prices, blame the boomers.

Best headline in a long while, from US News: Old People, Not Millennials, Are Taking All the Apartments Though millennials often get a bad rap for clinging to rental housing and stubbornly refusing to jump into homeownership, a study released … Continue reading

Posted in Demographics, Economics, Housing Recovery, National Real Estate | 82 Comments

Of course the short-sale tax forgiveness will pass…

From the WSJ: Tax Break for Home Short Sellers at Risk Last-minute negotiations in Washington have left real-estate agents and sellers nervous about the possibility that distressed homeowners could receive an unwelcome tax hit. Congress has yet to reach an … Continue reading

Posted in Foreclosures, National Real Estate, Politics | 59 Comments