Monthly Archives: October 2016

What Foreclosures?

From HousingWire: Foreclosure inventory drops to less than 1% nationally Foreclosure inventory in August declined significantly from last year, hitting its lowest point since the housing boom, according to the August 2016 National Foreclosure Report from CoreLogic, a property information, … Continue reading

Posted in Foreclosures, National Real Estate | 142 Comments

“Inner Cities” Thriving?

From Forbes: Trump May Think Inner Cities Are A Disaster, But Home Prices Tell Another Story Donald Trump mentioned “inner cities” 10 times in last night’s second presidential debate, using words like “disaster” and “devastating” to describe them. When neighborhoods … Continue reading

Posted in Economics, National Real Estate, Politics | 100 Comments

Conforming loan limit holding back prices?

From HousingWire: Is it now time to finally raise conforming loan limits? The chances the Federal Housing Finance Agency will raise the maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2017 is … Continue reading

Posted in Mortgages, National Real Estate, Risky Lending | 111 Comments

Tax tax tax tax tax tax tax

From the Star Ledger: N.J. Legislature passes 23-cent gas tax hike, road funding plan New Jersey is poised to lose its claim to the second-lowest gas taxes in the nation. The state Legislature on Friday passed legislation raising the tax … Continue reading

Posted in Economics, New Jersey Real Estate, Politics | 88 Comments

NY Metro finally catching up?

From the Real Deal: Home prices in NY area climbed 5.1% year-over-year in August August prices for single-family homes in the New York metro area rose 5.1 percent compared to the same time last year, according to a new report … Continue reading

Posted in North Jersey Real Estate, NYC | 136 Comments

Peak 2017

From HousingWire: CoreLogic expects home prices to peak in 2017 Home prices increased in August both monthly and annually, according to the Home Price Index and HPI Forecast released by CoreLogic, a global property information analytics and data-enabled solutions provider. … Continue reading

Posted in Housing Bubble | 72 Comments

Affordability Sucks, Inventory Sucks, Housing Sucks

From HousingWire: Looking to buy a home? Now is not the time The summer heat also brought with it rising home prices, which reached levels not seen since before the housing crisis. Now, however, as the heat subsides and we … Continue reading

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate | 65 Comments

Want to sell your house? Wrap it in bacon.

From the Star Ledger: When it’s time to sell your home, words matter So you’re selling your house. You could keep the listing short and simple: “3BR, 1BA, eat-in kitchen.” Or you could do what real estate agent Maryanne Elsaesser … Continue reading

Posted in Humor, National Real Estate | 72 Comments

Tiny Houses? Yeah Right.

From Fox News: Why the Recession Brought So Many Supersized Homes to the U.S. Market Since the Great Recession, more new homes have been selling at what we’d call the extra-large size: 4,000 square feet or bigger. Given that many … Continue reading

Posted in Housing Recovery, National Real Estate, New Development | 44 Comments