Category Archives: Housing Bubble

Tough Decisions

Posted on March 18, 2012 by grim
Posted in Economics, Housing Bubble | 14 Comments

From the APP: Some NJ homeowners left under water as market prices fall Cynthia Spratt, a single mother of two, recently considered putting her Toms River home on the market and moving inland so that she could avoid the expense … Continue reading →

Thursday Morning Grim

Posted on February 9, 2012 by grim
Posted in Foreclosures, Housing Bubble, New Jersey Real Estate, Risky Lending | 171 Comments

From CNBC (via Business Insider): New York Housing Market Could Still Collapse: Analyst There’s been a lot of talk recently about home prices reaching a bottom. Most notably, Bill McBride at Calculated Risk — perhaps the most respected housing market … Continue reading →

CoreLogic: December Home Prices

Posted on February 3, 2012 by grim
Posted in Economics, Housing Bubble, Housing Recovery, New Jersey Real Estate | 183 Comments

From CoreLogic (no link): CoreLogic® Home Price Index Shows Fifth Consecutive Month-Over-Month Decline Home prices in the U.S. decreased 1.4 percent on a month-over-month basis, the fifth consecutive monthly decline. However, the HPI excluding distressed sales posted its first month-over-month … Continue reading →

Why do we keep believing we can fix housing?

Posted on January 23, 2012 by grim
Posted in Economics, Foreclosures, Housing Bubble, Housing Recovery, National Real Estate, Risky Lending | 153 Comments

From the WSJ: Economists See Ways to Aid Housing Market he underpinnings of a housing recovery are hiding in plain sight: sharp price declines, low mortgage rates and rising rents have made owning more affordable than renting in a growing … Continue reading →

The other New Jersey housing market

Posted on January 13, 2012 by grim
Posted in Economics, Housing Bubble, Housing Recovery, New Jersey Real Estate | 220 Comments

From the NY Times: Rural Areas Slower to Rebound FOR whatever reason, homes sales picked up in New Jersey in the latter part of 2011. A new statewide market report shows contract signings increased in six of the seven months … Continue reading →

Time: What mattered in 2011 – Grim: What really mattered in 2011

Posted on December 29, 2011 by grim
Posted in Economics, Housing Bubble, Housing Recovery, National Real Estate | 133 Comments

From Time: 5 Events that Really Mattered for Housing in 2011 – and Beyond Government, the mortgage industry and forces of nature all shook the housing market in 2011. They had both an immediate impact and slow-burning effects, setting the … Continue reading →

Sellers: Any questions?

Posted on December 28, 2011 by grim
Posted in Economics, Housing Bubble, Housing Recovery, North Jersey Real Estate | 146 Comments

From the Record: Home prices down in most major US cities Home prices in the New York metropolitan area, including North Jersey, dropped 2 percent in the 12 months ended in October, the Standard & Poor’s Case-Shiller index reported Tuesday. … Continue reading →

October Case Shiller due in at 9

Posted on December 27, 2011 by grim
Posted in Employment, Housing Bubble, Housing Recovery, National Real Estate | 123 Comments

From Bloomberg: Home Prices in U.S. Cities Decline More Than Forecast, Case-Shiller Says Residential real estate prices dropped more than forecast in the year ended October, showing a broad-based decline that indicates the housing market continues to be weighed down … Continue reading →

FHFA: October prices continue to dip

Posted on December 23, 2011 by grim
Posted in Employment, Housing Bubble, Housing Recovery, National Real Estate | 100 Comments

From Bloomberg: U.S. Home Prices Fell 2.8% in October From Prior Year, FHFA Says U.S. home prices fell 2.8 percent in October from a year earlier, the Federal Housing Finance Agency said, as foreclosures continued to depress real estate values. … Continue reading →

Good News – Shadow inventory down, Bad News – It’s in our back yards

Posted on December 22, 2011 by grim
Posted in Economics, Housing Bubble, Housing Recovery, New Jersey Real Estate | 90 Comments

From Inman News: Shadow inventory down 16% from a year ago Lenders had a “shadow inventory” of 1.6 million distressed properties and repossessed homes they hadn’t yet put up for sale at the end of October, down 16 percent from … Continue reading →

The Day Realtors Rewrote History

Posted on December 21, 2011 by grim
Posted in Employment, Housing Bubble, National Real Estate | 134 Comments

Well here it is folks, the day that the Realtors finally tell us what really happened when the bubble burst. This isn’t a surprise, they were caught publishing all sorts of incorrect (dare I say intentionally misleading) data during the … Continue reading →

Agents and Sellers “adjusted to the new pricing realities”?

Posted on December 19, 2011 by grim
Posted in Economics, Housing Bubble, Housing Recovery, New Jersey Real Estate, Price Reduced | 105 Comments

From the Record: Bergen, Passaic home prices continue to slide North Jersey home values dropped 3 percent in the first half of this year, bringing Bergen County’s median single-family home price below $400,000 for the first time since the housing … Continue reading →

“People need to feel like they’re getting a great deal.”

Posted on November 30, 2011 by grim
Posted in Economics, Housing Bubble, Housing Recovery, National Real Estate | 88 Comments

From the WSJ: Home Prices Edge Downward Home prices declined in September and are poised for a grim winter as banks step up their efforts to take back and sell foreclosed properties. Prices fell 0.6% from August, according to the … Continue reading →

FHA: Nothing to see here, move along

Posted on November 28, 2011 by grim
Posted in Economics, Housing Bubble, National Real Estate, Risky Lending | 120 Comments

From the WSJ: What Housing Risk? Before the 2007 housing bust, financial analysts who raised questions about Fannie Mae and Freddie Mac’s shaky finances were dismissed as cranks. So it’s worrying to see a thoughtful critique of another taxpayer-backed monolith—the … Continue reading →

Under Pressure

Posted on November 20, 2011 by grim
Posted in Economics, Housing Bubble, Housing Recovery, New Jersey Real Estate | 29 Comments

Pressure pushing down on me Pressing down on you no man ask for Under pressure – that burns a building down Splits a family in two Puts people on streets It’s the terror of knowing What this world is about … Continue reading →