Monthly Archives: July 2016

Sunday Open Discussion

Down at the beach and left my laptop charger at home… Carry on.

Posted in General | 37 Comments

Affordability and inventory weigh on pending sales

From HousingWire: Affordability constraints hold back pending home sales Pending home sales remained in a holding pattern in June, however they increased slightly, according to the Pending Home Sales Index from the National Association of Realtors. Constricted supply and low … Continue reading

Posted in Economics, Housing Recovery | 159 Comments

Slow grind

From the Record: Home prices edge up in New York metro area Home values are edging up slowly in the New York metropolitan area, including North Jersey, the S&P CoreLogic Case-Shiller index reported Tuesday. Single-family home prices in the region … Continue reading

Posted in Housing Recovery, New Jersey Real Estate | 77 Comments

Future so dark you better bring a flashlight

From Money Magazine: The Most Pessimistic Workers Live in This State Ah. New Jersey. The Garden State. Home to Bruce Springsteen, Gov. Chris Christie, and the most pessimistic population of workers in these United States. That is, according to a … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 84 Comments

Who to blame for higher home prices?

From the WSJ: Regulatory Costs Inflate New-Home Prices, Builders Say As the cost of construction permitting has risen over the past decade, Atlanta home builder Dennis McConnell has taken a new approach with customers. He now itemizes the regulatory costs … Continue reading

Posted in Economics, National Real Estate, New Development | 60 Comments

New Economik Report from Shillow

From Zillow: It’s well known that a lack of homes for sale is limiting home buyers’ choices this home shopping season. But this inventory shortage is also contributing to another home buying hurdle – along with limited options, buyers also … Continue reading

Posted in Economics, Housing Recovery, National Real Estate | 77 Comments

First time buyers coming back?

From HousingWire: Existing home sales increase 4 months in a row It’s no shock that existing home sales increased again this month, marking the fourth consecutive month of increases, according to the National Association of Realtors. What is new, however, … Continue reading

Posted in Demographics, Economics, Housing Recovery, National Real Estate | 81 Comments

The office building is dead, long live industrial and warehouse

From the Record: N.J. industrial vacancy rate hits record lows As consumers increasingly shop online, the stuff they buy is filling up New Jersey warehouses, pushing industrial vacancy rates to historic lows, Cushman & Wakefield reported Monday. The vacancy rate … Continue reading

Posted in Economics, New Development, New Jersey Real Estate | 169 Comments

East Orange the next big thing?

From the Star Ledger: Is $12M real estate sale sign that East Orange could become millennial hot spot? When millennials searching for walkable, transit-oriented communities are priced out of high rises in Hoboken and Jersey City, will they head to … Continue reading

Posted in Housing Recovery, New Development, New Jersey Real Estate | 115 Comments

Zombie Go!

From the Record: ‘Zombie’ houses in foreclosure can sit vacant and haunt neighbors for years On Wilson Avenue in Wayne, a shady street of well-kept homes, the wood contemporary at No. 96 stands out. It’s been empty for years, thick … Continue reading

Posted in Foreclosures, New Jersey Real Estate | 111 Comments

AC – Foreclosure Capital of the US

From Philly.com: New Jersey and Atlantic City area top U.S. foreclosures: report New Jersey and two of its distressed cities had the highest rates of U.S. foreclosure activity in the first half of 2016, according to RealtyTrac data released on … Continue reading

Posted in Foreclosures, Shore Real Estate | 59 Comments

Is the problem supply or demand?

From Bloomberg (Hat tip Hoodafa): Millennials Need a New Housing Bubble Every year since 2009 we’ve been running a housing deficit: More housing for sale has been absorbed than built. With a glut of housing left over from the housing … Continue reading

Posted in Demographics, Economics, National Real Estate | 71 Comments

July Beige Book

From the Federal Reserve: Beige Book – July 13, 2016 Second District–New York The Second District’s economy has picked up, growing modestly since the last report, and labor markets remain tight. Contacts note continued moderate pressure on input prices and … Continue reading

Posted in Economics, Employment, Housing Recovery, North Jersey Real Estate, NYC | 41 Comments

Can we say the national foreclosure crisis is over?

From HousingWire: Foreclosures, serious delinquencies nearing decade low The number of homes in some stage of foreclosure and the number of seriously delinquent mortgages continued to decline in May, falling to the lowest level since October 2007, according to the … Continue reading

Posted in Foreclosures, Housing Recovery, National Real Estate | 43 Comments

Trading lawns for square footage

From the Atlantic: The Shrinking of the American Lawn The American house is growing. These days, the average new home encompasses 2,500 square feet, about 50 percent more area than the average house in the late 1970s, according to Census … Continue reading

Posted in Demographics, Economics, National Real Estate, New Development | 57 Comments