Monthly Archives: July 2016

People still want to live here?

From the Record: Sales of starter homes spark rise in North Jersey real estate activity When Makeda and Kai Mallea started shopping for a house in Maywood, they had to compete with other eager buyers. “Houses would come on the … Continue reading

Posted in Housing Recovery, New Jersey Real Estate | 26 Comments

Neighbors to the north looking strong

From LoHud: Reports: Home sales surge across region The Lower Hudson Valley real estate market showed some health in the second quarter, as the number of home sales in Westchester, Putnam and Rockland counties rose sharply compared to the same … Continue reading

Posted in Housing Recovery, National Real Estate, NYC | 16 Comments

International purchases rise, shift to lower priced properties

From CNBC: Foreign buyers flood US real estate, but buy cheaper homes The appetite for U.S. real estate continues to flourish, but international buyers are shifting their sights from luxury to less-pricey properties. This may be due to overall higher … Continue reading

Posted in Demographics, Economics, Housing Recovery, National Real Estate | 113 Comments

refinance … BOOM!

From National Mortgage News: Brexit Drives Mortgage Application Activity Surge: MBA Mortgage applications increased 14.2% from one week earlier as rates dropped in reaction to the Brexit vote, according to data from the Mortgage Bankers Association. The MBA’s Weekly Mortgage … Continue reading

Posted in Economics, Mortgages, National Real Estate | 61 Comments

Corelogic: Prices rise in May (But not in NJ)

From HousingWire: CoreLogic: Home prices keep rising, demand not letting up Home prices in May are up both monthly and annually, according to the Home Price Index and HPI Forecast released today by CoreLogic. Overall, home prices, including distressed sales, … Continue reading

Posted in Housing Recovery, National Real Estate | 68 Comments

Has Asbury finally made it?

From the NYT: New Beach Destination on the Jersey Shore? Asbury Park For nearly a century, the Baronet Theater in Asbury Park, N.J., was a popular venue for vaudeville theater and blockbuster films. Then it, like the city that was … Continue reading

Posted in Housing Recovery, Shore Real Estate | 94 Comments

Sorry Pennsylvania

From the Star Ledger: Christie eyes scrapping tax deal with Pa., which could cost some N.J. residents more Gov. Chris Christie will contemplate ending a 38-year-old agreement with Pennsylvania that allows New Jersey and Pennsylvania residents who work across the … Continue reading

Posted in Politics | 43 Comments

Will 24 mortgages even make a dent?

From HousingWire: New York launches “first of its kind” program; will buy delinquent mortgages from FHA In what officials are calling a “first of its kind” program, the city of New York announced Thursday that it is plans to buy … Continue reading

Posted in Foreclosures, NYC, Politics | 20 Comments

June HousingTrends

From the Otteau Group: NJ Purchase Contracts Rise Again in May Home purchase demand in New Jersey increased for the 21st consecutive month in May rising to nearly 11,000 home-purchase contracts. This was the highest number of purchase contracts recorded … Continue reading

Posted in Economics, Housing Recovery, New Jersey Real Estate | 63 Comments