Monthly Archives: December 2015

Mounties, Hockey, Maple Syrup, Housing Bubble, eh?

Can the Canucks engineer a soft landing? Probably not. From Reuters: Tighter Canada mortgage rules could boost condos, hurt consumers Dec 11 Canada’s move to tighten mortgage rules and raise some fees on lenders will likely make it more expensive … Continue reading

Posted in Economics, Housing Bubble | 11 Comments

Trenton and AC lead national foreclosures

From Reuters: Two New Jersey cities top November U.S. metro foreclosure rates Two New Jersey metropolitan areas, Atlantic City and Trenton, had the highest U.S. metro foreclosure rates in November, RealtyTrac data showed on Thursday. It was the fifth straight … Continue reading

Posted in Foreclosures, New Jersey Real Estate, Risky Lending | 106 Comments

Recovery by next year?

From HousingWire: TransUnion: Mortgage market will completely recover next year The long, steady recovery from the housing crisis and the recession that followed is nearly over, with the consumer lending market, including mortgages, expected to recover completely in 2016, according … Continue reading

Posted in Foreclosures, Housing Recovery, Mortgages, National Real Estate | 141 Comments

New Jersey and NY Metro Making Progress

This is probably the strongest showing yet, and finally good indication that NJ is making forward progress on reducing the number of foreclosures and outstanding mortgage delinquencies. For state foreclosure performance, you can see that NJ ranked second best in … Continue reading

Posted in Foreclosures, New Jersey Real Estate | 82 Comments

NJ floats bill to tax non-profit hospitals

From the Record: Proposed N.J. bill would mandate that some hospitals make payments to host communities Non-profit acute-care hospitals that have money-making facilities would start making payments to offset the cost of services provided by host municipalities, according to a … Continue reading

Posted in New Jersey Real Estate, Politics, Property Taxes | 73 Comments

GSE High-LTV Mortgages Vaporware?

From HousingWire: Black Knight: Consumers aren’t getting Fannie, Freddie 3% down mortgages For all the uproar that surrounded Fannie Mae and Freddie Mac introducing loan programs that allowed buyers to put down as little as 3% around this time last … Continue reading

Posted in Mortgages, National Real Estate, Risky Lending | 59 Comments

2016 predictions start early

From Trulia: Housing in 2016: Hesitant Households, Costly Coasts, and the Bargain Belt As part of our annual look at the year ahead in housing, we commissioned Harris Poll to conduct a survey online in November among more than 2,000 … Continue reading

Posted in Demographics, Economics, Housing Recovery, National Real Estate | 18 Comments

Jobs Day!

From Bloomberg: The Jobs Report Probably Won’t Change the Fed’s Mind on Liftoff For once, the upcoming jobs report may not be the most critical of all time. Federal Reserve officials have signaled that an interest-rate increase is in play … Continue reading

Posted in Economics, Housing Recovery, National Real Estate | 155 Comments

NJ October Sales Up, Inventory Down

From the Otteau Group: NJ Home Sales Rise for 14th Consecutive Month Home purchase demand in New Jersey increased for the 14th consecutive month in October with more than 8,200 home-purchase contracts. This was the highest number of purchase contracts … Continue reading

Posted in Housing Recovery, New Jersey Real Estate | 134 Comments

National Home Prices up 6.8% YOY

From HousingWire: CoreLogic: Home prices rise 6.8% in October Home prices nationwide, including distressed sales, increased by 6.8% in the month of October when compared with one year ago, according to CoreLogic’s (CLGX) latest Home Price Index. CoreLogic’s latest Home … Continue reading

Posted in Economics, Housing Recovery, National Real Estate | 149 Comments

Pending Home Sales up 3.9% YOY in October

From the WSJ: Pending Home Sales Rise 0.2% in October The number of existing homes that went under contract in the U.S. inched up in October, a sign the housing market remains stable heading into the final months of the … Continue reading

Posted in Economics, Housing Recovery, National Real Estate | 125 Comments