Category Archives: Housing Bubble

Both economists and meteorologists predicting long winter

Posted on November 3, 2011 by grim
Posted in Economics, Housing Bubble, Housing Recovery, National Real Estate | 94 Comments

From HousingWire: Clear Capital: Home prices begin their descent October home prices fell 2.8% from a year earlier, the 13th straight month of such declines, according to Clear Capital. Home prices increased 0.6% from the previous three months, which flattened … Continue reading →

Only thing better than a double dip, is a triple dip

Posted on October 31, 2011 by grim
Posted in Economics, Housing Bubble, National Real Estate | 76 Comments

From CNN/Money: Home prices heading for triple-dip The besieged housing market has even further to fall before home prices really hit rock bottom. According to Fiserv, a financial analytics company, home values are expected to fall another 3.6% by next … Continue reading →

NJ/NY Metro prices down 3.4% in August

Posted on October 26, 2011 by grim
Posted in Housing Bubble, Housing Recovery, New Jersey Real Estate | 148 Comments

From the Record: Home prices dropped 3.4 percent in August What’s new: Home prices in the New York metropolitan area, which includes North Jersey, dropped 3.4 percent in August, compared with August 2010, the Standard & Poor’s/Case-Shiller index reported on … Continue reading →

August Case Shiller Predictions

Posted on October 24, 2011 by grim
Posted in Economics, Housing Bubble, Housing Recovery, National Real Estate | 136 Comments

Where do you think home prices went in August? From HousingWire: Zillow: Case-Shiller likely fell 3.8% in August Two key indices of home prices likely fell in August, suggesting large numbers of foreclosures and continued high joblessness are acting as … Continue reading →

Housing “…not as bad as some might try to make us believe.”

Posted on October 21, 2011 by grim
Posted in Economics, Housing Bubble, Housing Recovery, National Real Estate | 125 Comments

From HousingWire: Barclays: Housing may not be as bad as some believe It is unlikely home prices will drop as much as 17%, but analysts with Barclays Capital evaluated that possibility during a recent analysis of future home prices. However, … Continue reading →

“Suzanne researched this, this listing is special”

Posted on September 23, 2011 by grim
Posted in Economics, Housing Bubble, Housing Recovery, New Jersey Real Estate | 154 Comments

From the NY Times: One Town, but Two Markets OVER the last six months or so, it seems several New Jersey towns have developed symptoms of split personality — at least when it comes to their real estate markets. Take … Continue reading →

Screwed over a second time

Posted on September 12, 2011 by grim
Posted in Foreclosures, Housing Bubble, Risky Lending | 61 Comments

From the NY Post: $1T in sour notes It’s the flip side of foreclosure fraud: Not only is the city fireman in danger of losing his home, he also might wind up with smaller retirement checks because his pension invested … Continue reading →

September Beige Book

Posted on September 8, 2011 by grim
Posted in Economics, Housing Bubble, Housing Recovery, New Jersey Real Estate | 136 Comments

From the Federal Reserve: Beige Book – New York Region Construction and Real Estate Residential construction and home sales have remained sluggish but generally steady since the last report, while there has been further improvement in the rental market. Overall, … Continue reading →

July Contracts Fall Short

Posted on September 2, 2011 by grim
Posted in Economics, Housing Bubble, Housing Recovery, New Jersey Real Estate | 199 Comments

From the Otteau Group Home Purchase Contracts Losing Steam Although home purchase contracts in July exceeded the year ago level for the 3rd consecutive month, they appear to be losing strength along with the rest of the economy. During July, … Continue reading →

June Home Prices – Signs of Recovery or Crap?

Posted on August 31, 2011 by grim
Posted in Economics, Housing Bubble, Housing Recovery, National Real Estate | 89 Comments

From Bloomberg: Home Prices in U.S. Showed Signs of Stabilizing Residential real estate prices in the U.S. decreased in the year ended in June at a slower pace than in the prior month, a sign the market may be stabilizing. … Continue reading →

Distressed homes are the market

Posted on August 25, 2011 by grim
Posted in Employment, Housing Bubble, New Jersey Real Estate | 196 Comments

From the Record: A third of homes sold in second quarter were in foreclosure Almost one in three homes sold in the U.S. in the second quarter were owned by banks or in some stage of foreclosure, RealtyTrac reported today. … Continue reading →

Bye bye PMI

Posted on August 23, 2011 by grim
Posted in Housing Bubble, National Real Estate, Risky Lending | 120 Comments

From HousingWire: PMI Group units forced to stop writing new insurance The PMI Group’s market share “is going to be eaten up by competitors” in the aftermath of Arizona regulators placing the mortgage insurer under state supervision and curtailing the … Continue reading →

“Buyers are beginning to think that if they wait, they’re going to get a better deal in a few months.”

Posted on August 22, 2011 by grim
Posted in Employment, Housing Bubble, National Real Estate | 90 Comments

From Bloomberg: Homebuyers Hunker Down as Real Estate’s Drag on U.S. Economy May Worsen Sanjay Jain called his real estate broker four days ago to cancel a deal to buy a three-bedroom home in Folsom, California, unnerved by another plunge … Continue reading →

Ease doesn’t mean easy, the majority of short sales are a waste of time

Posted on August 20, 2011 by grim
Posted in Housing Bubble, New Jersey Real Estate | 74 Comments

From the NY Times: Banks Ease Stance on Short Sales STANDING by while her mother was evicted from her home in Tinton Falls for the few thousand dollars she owed in mortgage payments in the 1990s had a big influence … Continue reading →

The vicious housing cycle

Posted on August 18, 2011 by grim
Posted in Employment, Housing Bubble, Housing Recovery, National Real Estate | 134 Comments

From the Atlantic: Home Sales Are Falling: Will Consumers Force a Double Dip? As the bad news continues to pile on, Americans appear to be taking note by closing their wallets. The latest brutal report indicates that home buying demand … Continue reading →