Monthly Archives: August 2017

New homes were never cheap

From CNBC: As housing affordability weakens, more buyers are left out in the cold The cost of housing is rising at a fast clip, and nowhere is it more apparent than in the market for newly built homes. Sales there … Continue reading

Posted in Demographics, Economics, National Real Estate, New Development | 47 Comments

Up Up and Away!

From HousingWire: Home prices hit yet another new all-time high Home prices increased in the second quarter of 2017 to yet another all-time high due to low levels of housing supply, according to the latest quarterly report from the National … Continue reading

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 34 Comments

Long Island prices jump

From Newsday: Home prices jump 9.8% in Nassau, rise 5.8% in Suffolk The median home price in Nassau County jumped nearly 10 percent last month compared to a year ago, as limited supply continued to drive prices up. The median … Continue reading

Posted in Economics, National Real Estate, NYC | 91 Comments

Smaller down payments gaining popularity

From CNBC: Homebuyers put less and less skin in the game, adding to the market’s overall risk It feels like deja vu in mortgage land all over again. Homebuyers are increasingly opting to put less money down when purchasing their … Continue reading

Posted in Housing Bubble, National Real Estate, Risky Lending | 77 Comments

School are shrinking – why aren’t taxes dropping?

From RT40: Mapping New Jersey’s Shrinking School Districts More than half of New Jersey’s school districts have shrunk in the last six years, reflecting wider population moves toward urban areas as well as net migration from the state. School districts … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate, Property Taxes | 51 Comments

Wise up NJ, or get left behind.

From the Record: New Jersey’s suburban economy’s existential crisis A new study suggests that New Jersey could expand its economy by $150 billion and create a quarter-million new jobs over the next decade by making a number of policy changes … Continue reading

Posted in Demographics, Economics, New Development, New Jersey Real Estate | 49 Comments

Not iffy, recovering, but slowly

From NJ101.5: The bright side of NJ’s iffy housing market Featuring a worst-in-the-nation foreclosure rate and a significant inventory shortage, New Jersey’s housing market is far from perfect and still reeling from the economic downturn of late last decade. But, … Continue reading

Posted in Economics, New Jersey Real Estate | 68 Comments

New York – Highest Foreclosure Rate in the Nation

CoreLogic released their monthly delinquency data yesterday, deep in there was an important little stat on the overall foreclosure rate, which NJ has been at the top of the charts for the last two years. For at least the last … Continue reading

Posted in Foreclosures, New Jersey Real Estate | 66 Comments

Oops, NYC dials back pricing

From Bloomberg: In Manhattan and Brooklyn, Home Sellers Get a Reality Check If New York home sellers had big dreams when they listed their properties, now they’re adjusting to reality. In most Manhattan neighborhoods, at least 25 percent of homes … Continue reading

Posted in NYC, Price Reduced | 27 Comments

Philly burbs on the verge of recovery?

From the Philly Inquirer: Suburbs boast best real estate market since recession, but don’t get too excited yet In a suburban real estate market described for years as sluggish, it might seem as if, finally, the region is experiencing the … Continue reading

Posted in Housing Recovery, Philly, South Jersey Real Estate | 32 Comments

Sellers at the high end get real … and sell

From CNBC: Luxury home prices soar as sellers come back down to earth The slump in the swankiest sector of the housing market appears to be over, and, ironically, it may be due to a dose of reality among sellers. … Continue reading

Posted in Demographics, Economics, Housing Recovery, National Real Estate | 54 Comments

Ready for another bubble?

From CNBC: Home price gains are accelerating again, and in some cities those values are overheating. Four of the nation’s largest cities are now considered overvalued, according to CoreLogic. Home prices in Denver, Houston, Miami and the Washington, D.C., metropolitan … Continue reading

Posted in Housing Bubble, National Real Estate | 103 Comments

Housing continuing to recover as investors step aside

From Bloomberg: Gain in U.S. Pending Home Sales Shows Market Is Stabilizing A rebound in contract signings for the purchase of previously owned U.S. homes shows housing demand is stabilizing after a three-month downturn, National Association of Realtors figures released … Continue reading

Posted in Economics, Housing Recovery, National Real Estate | 79 Comments