Monthly Archives: May 2016

Long road to recovery

From DSNews: Three States Hold a Quarter of Foreclosure Inventory While the nation’s foreclosure inventory and volume of 90-plus day delinquent mortgage loans have been on the steady decline nationwide as a whole, those levels remain elevated in some areas. … Continue reading

Posted in Economics, Foreclosures, National Real Estate | 113 Comments

We’re all going to struggle

From NJ Spotlight: SPECULATORS, CASH SALES CROWD OUT HOME BUYERS IN SOME NJ TOWNS Just off Route 9 in Forked River, blocks of newly rehabilitated and elevated homes are interrupted by the occasional lot overgrown by weeds on which might … Continue reading

Posted in Demographics, Economics, Housing Recovery, New Jersey Real Estate | 79 Comments

How much longer can the foreclosures drag the market down?

From NJ Spotlight: SOME GOOD NEWS FOR NJ HOUSING MARKET, BUT FORECLOSURES STILL A FACTOR Even as real-estate agents see encouraging demand for Shore rentals, and home prices in parts of New Jersey creep gradually higher, analysts and academics say … Continue reading

Posted in Foreclosures, Housing Recovery, New Jersey Real Estate | 176 Comments

April MarketNews

From the April MarketNews from Otteau Group: NJ Purchase Contracts in March Strongest Since 2005 Home purchase demand in New Jersey increased for the 19th consecutive month in March, rising to more than 10,000 home-purchase contracts. This reflects a 23% … Continue reading

Posted in Demographics, Economics, Housing Recovery, New Jersey Real Estate | 12 Comments