Monthly Archives: March 2016

In 5 years, remember this one

From the NY Post (Hat tip Chi): Obama is setting us up for another housing crash We learned nothing from the last financial crisis. The housing market is set to collapse, again, and a key culprit, again, is artificial demand … Continue reading

Posted in Economics, Mortgages, National Real Estate, Politics, Risky Lending | 95 Comments

What cap?

From the Record: Property tax cap growing weaker across North Jersey; more towns than ever exceed 2% limit Reforms enacted in 2011 to keep the nation’s highest property taxes in check are showing signs of weakening as a growing number … Continue reading

Posted in New Jersey Real Estate, Politics, Property Taxes, Unrest | 7 Comments

Underwater borrowers continue to decline

From Corelogic: From MarketWatch: Another 1 million homes regained positive equity in 2015, CoreLogic says An additional million homeowners regained equity in 2015, bringing the number of mortgaged properties with equity to 91.5% or 46.3 million, CoreLogic said. There were … Continue reading

Posted in Economics, Housing Recovery, National Real Estate | 63 Comments

This? Again? 4th time is a charm.

From the NY Post: Get your summer on in this new Jersey Shore condo On the hunt for a nifty summer pad? Perhaps head south — to the Jersey Shore, that is. Asbury Park — an edgy-cool seaside town about … Continue reading

Posted in New Development, Shore Real Estate | 60 Comments

Homeowners again think their home is worth more than it is … shocker

From HousingWire: Homeowner expectations and appraisal values divided as gap widens The gap between appraisal and owner estimates widened for first time in six months, Quicken Loans said in its latest monthly Home Price Perception Index and Home Value Index … Continue reading

Posted in Economics, Housing Recovery, National Real Estate | 97 Comments

Pessimistic in NJ

From the Press of Atlantic City: Few in NJ upbeat on state’s economy, Stockton researchers find The vast majority of New Jersey residents believe that they’re either falling behind economically or barely keeping up, a Stockton University study reported Monday. … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate | 68 Comments

NJ foreclosures facing statute of limitations

From DS News: Delinquent Loans May Still Face Foreclosure After Exceeding Statutes of Limitations High-end estimates of loan-level delinquency timelines show that approximately 98,000 seriously delinquent mortgage loans may be facing some degree of exposure to foreclosure statutes of limitations … Continue reading

Posted in Foreclosures, New Jersey Real Estate | 89 Comments

LA cracks down on tiny houses illegal housing

From NPR: LA Officials Bring The Hammer Down On Tiny Houses For Homeless Elvis Summers is not part of any nonprofit or government agency. He’s just a 38-year-old guy with a Mohawk and tattooed arms who started a GoFundMe campaign … Continue reading

Posted in Economics, Politics, Unrest | 41 Comments

Is flipping a good or bad sign?

From the Record: Home flippers ramped up activity in 2015 One in 25 home sales in New Jersey last year were investors’ flips — in which properties are bought, renovated and quickly resold — according to a company that tracks … Continue reading

Posted in Housing Recovery, New Jersey Real Estate | 89 Comments

March Beige Book

From the Federal Reserve: Beige Book – March 2, 2016 – Second District–New York Economic activity in the Second District has remained generally flat since the last report, while labor markets continue to tighten. Selling prices were little changed, while … Continue reading

Posted in Demographics, Economics, Housing Recovery, New Jersey Real Estate, NYC | 109 Comments

Pending home sales flatten YOY

From the WSJ: U.S. Pending Home Sales Tumbled 2.5% in January The number of existing homes tentatively sold across the U.S. fell in January, as swiftly rising prices and lower inventory muted buyer demand after the strongest year in nearly … Continue reading

Posted in Demographics, Economics, Employment, Housing Recovery, National Real Estate | 110 Comments

NJ eliminating a tax? Impossible

From the APP: No more NJ estate tax? Bill passes first hurdle A state Senate committee Monday approved a bill that would phase out New Jersey’s estate tax over five years. The vote by the Senate Budget and Appropriations Committee … Continue reading

Posted in New Jersey Real Estate, Politics | 97 Comments