Category Archives: Foreclosures

Most stable market in…forever?

From CNBC: Housing-market distress is at its lowest in at least 20 years — can it hold?  In the aftermath of the housing crisis, lenders and regulators clamped down hard to make sure we’d never have another bubble like the … Continue reading

Posted in Demographics, Economics, Employment, Foreclosures, National Real Estate | 98 Comments

Faster foreclosures come to NJ

From the Star Ledger: Murphy hopes these new laws will put an end to N.J.’s dubious distinction as the nation’s leader in home foreclosures Gov. Phil Murphy signed a package of measures into law Monday that aim to prevent New Jersey from … Continue reading

Posted in Economics, Foreclosures, New Jersey Real Estate, Politics | 149 Comments

Crisis officially over?

From Inman: Delinquency rates fall to pre-housing crisis levels: CoreLogic The number of homeowners failing to make mortgage payments has dipped to levels unseen since before the 2008 housing crisis. Nationwide, only 4.1 percent of homeowners were delinquent on their mortgage in December, … Continue reading

Posted in Economics, Foreclosures, Mortgages, National Real Estate, Risky Lending | 61 Comments

Don’t believe the hype?

From MarketWatch: Why the housing and mortgage crisis is far from over With major data providers reporting that mortgage delinquencies continue to decline, Wall Street and the pundits are more convinced than ever that the mortgage crisis is dead and … Continue reading

Posted in Foreclosures, National Real Estate, NYC | 64 Comments

Predictions 2019!

This is becoming a tradition around here, so here we go again! You know how this works, break out the crystal balls and prognosticate. Ground Rules Predictions provided should either be for June 30th, 2019 or December 31st, 2019, please … Continue reading

Posted in Demographics, Economics, Employment, Foreclosures | 94 Comments

The “fix” is easy

The fix is to allow lenders to foreclose without requiring approval of the judiciary, everything else is a gimmick and give-away, like this from NJ101.5: HOW CAN WE FIX SOUTH JERSEY’S TROUBLING FORECLOSURE MESS? A new report finds the foreclosure … Continue reading

Posted in Economics, Foreclosures, South Jersey Real Estate | 64 Comments

Foreclosure problem, or borrowing problem?

From MarketWatch: A decade after the housing crisis, foreclosures still haunt homeowners Maria Landi, a 75-year-old retired insurance specialist, and her husband John, had been making payments on their East Brunswick, New Jersey home for 40 years when Wells Fargo … Continue reading

Posted in Economics, Foreclosures, New Jersey Real Estate | 98 Comments

We’re #1! In flipped properties.

From NJ101.5: Home flipping down, but not in New Jersey Home “flipping” — buying and selling a dwelling quickly after renovations for a profit — is slowing in most parts of the country. But flipping activity in New Jersey is … Continue reading

Posted in Demographics, Economics, Foreclosures, New Jersey Real Estate | 64 Comments

Plenty of room to run?

From CNBC: The housing recovery isn’t over, it just feels like it is A slew of negative housing numbers for July are piling up on top of a slew of negative housing numbers from the last several months. Sales of … Continue reading

Posted in Demographics, Economics, Employment, Foreclosures, Housing Recovery, National Real Estate | 50 Comments

Will we ever get through the backlog?

From NJ101.5: NJ still the worst state for foreclosures As we move further away from last decade’s housing crisis, its lingering impacts on the real estate market are dwindling. But the Garden State still can’t escape its role as the … Continue reading

Posted in Economics, Foreclosures, New Jersey Real Estate | 100 Comments

What’s going on in Brick?

From the Shorebeat blog: Brick Has a Major Foreclosure Problem on Its Hands Brick Township’s foreclosure rate is nearly double the state average and five times as high as the national average, leading Brick officials to contract with a firm … Continue reading

Posted in Foreclosures, New Jersey Real Estate, Shore Real Estate | 78 Comments

Glimpse into the future: NJ coming for your house

What happens when NJ can’t afford to pay it’s own taxes anymore? Rampant (fraudulent?) mismanagement of assessments? Detroit offers a glimpse into what to come in NJ. From the Detroit News: Study: Bad assessments prompt 10K Detroit foreclosures One in … Continue reading

Posted in Economics, Foreclosures, New Jersey Real Estate, Politics, Property Taxes | 104 Comments

Housing market got it’s swimmies back

From CNBC: US homeowners gained $1 trillion in the last year as their housing values jumped Fast-rising home prices may be a roadblock for buyers, but they are putting some homeowners on Easy Street. As home prices rise, so does … Continue reading

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

Another Strong Spring Market

From the Otteau Group: MarketNEWS May 31, 2018 Edition NJ YTD Purchase Contracts Back Up After home sales recorded a 6% retraction in March, New Jersey recorded more than 11,000 purchase contracts during the month of April equating to a … Continue reading

Posted in Demographics, Economics, Employment, Foreclosures, Housing Recovery, New Jersey Real Estate | 137 Comments

Are mortgages finally back to a solid level?

From National Mortgage News: Mortgage delinquency rates down annually, a sign of a healthy economy Despite an especially strong hurricane season last year, the national mortgage delinquency rate fell on an annual basis, signaling a healthier economy, according to CoreLogic’s … Continue reading

Posted in Economics, Foreclosures, Mortgages, National Real Estate | 156 Comments