Monthly Archives: July 2017

Philly best local showing in the last decade

From the Philly Business Journal: Philadelphia posts solid, post-recession gain in home values Since the real estate bubble burst during the Great Recession of 2007-2009, housing markets across the country have struggled to regain their footing. Philadelphia and its Pennsylvania … Continue reading

Posted in Economics, Housing Recovery | 25 Comments

Exurb Puff Piece? Smells like a bubble

From the NY Times: Extreme Commuting In 1492, after an arduous voyage aboard Columbus’s vessel the Santa María, Rodrigo de Triana, a lookout, bellowed, “Tierra!” This is pretty much how Corey Ferrell, a commuter, sometimes feels upon docking at his … Continue reading

Posted in Employment, Housing Bubble, National Real Estate, NYC | 56 Comments

Has Asbury made it?

From the NY Post: Jersey Shore’s Asbury Park returns to its glory days Few towns along the Jersey Shore have enjoyed a more visible beachfront revival over the past few years than Asbury Park, the vibrant summer enclave about 60 … Continue reading

Posted in Demographics, Economics, New Development, Shore Real Estate | 55 Comments

Foreigners love American real estate

From CNBC: Foreigners snap up record number of US homes Foreign purchases of U.S. residential real estate surged to the highest level ever in terms of number of homes sold and dollar volume. Foreign buyers closed on $153 billion worth … Continue reading

Posted in Demographics, Economics, National Real Estate | 39 Comments

We can’t build anything anymore…

From Salon: Chris Christie’s era of misrule in Jersey: The empty swamp mall and the canceled tunnel While Gov. Chris Christie’s Bridgegate gambit rightfully helped kneecap his presidential run, it was his cancellation, in 2010, of a trans-Hudson rail tunnel … Continue reading

Posted in National Real Estate, New Development, New Jersey Real Estate, Politics | 102 Comments

Nassau hits new peak, Suffolk on the way

From Newsday: LI home prices jump; Nassau reaches record level It’s boom time again for the housing market in Nassau County, where prices have reached a new peak. The median price for a closed home sale jumped to $505,000 last … Continue reading

Posted in Demographics, Economics, NYC | 44 Comments

Another bubble?

From Forbes: Home Prices And Buyer Competition Hit New Highs in June U.S. home prices rose 7.3 percent to a median sale price of $298,000 in June, according to Redfin, the next-generation real estate brokerage. This is the highest national … Continue reading

Posted in Economics, Housing Bubble, National Real Estate | 40 Comments

Prices up in Westchester and the Lower Hudson Valley

From LoHud: Home prices in region rise as inventory drops, report finds Prices of single-family homes rose throughout the Lower Hudson Valley region in the second quarter, with the number of homes available for sale continuing to dwindle, according to … Continue reading

Posted in Demographics, Economics, Housing Recovery | 61 Comments

50 years later

From the Star Ledger: Race, riots and reputation: Has N.J.’s largest city recovered? To this day, you look at so many of the abandoned buildings, the light manufacturing, the old jewelry business, you walk around downtown, you still see the … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate, Unrest | 75 Comments

Hide the Zombies?

From the South Jersey Times: Don’t give N.J. zombie homes the upper hand Owing to its ongoing high rate of residential foreclosures, New Jersey has become known the Land of the Zombie Houses. If a just-filed lawsuit succeeds, the zombie … Continue reading

Posted in Foreclosures, New Jersey Real Estate, South Jersey Real Estate | 80 Comments

The negative equity gap

From DSNews: Does Home Price or Location Impact Underwater Mortgages? In total, 1.8 million American homeowners currently owe more on their home loans than their property is worth. Though this is the first time the number has dropped below 2 … Continue reading

Posted in Demographics, Economics, National Real Estate | 92 Comments

NJ’s Non-gentrified Urban Future

A glimpse into what NJ’s urban future will look like. Ever increasing property taxes will create a situation where the urban poor can no longer afford to even pay their property taxes, leading to property tax foreclosures in massive numbers. … Continue reading

Posted in Demographics, Economics, Foreclosures, New Jersey Real Estate, Property Taxes | 25 Comments

Better by 2018? Not likely.

From NJ Spotlight: NEW JERSEY’S ECONOMIC OUTLOOK FOR 2018 IS SO-SO, ACCOUNTANTS SAY Despite New Jersey’s solid year of job growth in 2016, a recent survey of the state’s certified public accountants suggests few of them believe economic conditions will … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 46 Comments

Price cuts move properties

From Bloomberg: Manhattan Home Sales Surge as Cuts Bring Prices to Buyers’ Level Manhattan homebuyers found deals they couldn’t refuse in the second quarter, driving up sales of previously owned properties by the most in more than two years. Purchases … Continue reading

Posted in Demographics, Economics, NYC | 31 Comments

No slow down in May

From CoreLogic: CoreLogic US Home Price Report Shows Prices Up 6.6 Percent in May 2017 CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released its CoreLogic Home Price Index (HPI™) and HPI Forecast™ for … Continue reading

Posted in Demographics, Economics, Housing Recovery, National Real Estate | 41 Comments