Category Archives: Housing Bubble

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 →

JP Morgan: Bottom only 5% away

Posted on August 15, 2011 by grim
Posted in Employment, Housing Bubble, Housing Recovery, National Real Estate | 83 Comments

From HousingWire: Home prices still poised to drop 5% by early 2012, say JPMorgan analysts JPMorgan Chase stuck to their outlook Friday, forecasting home prices in the U.S. could plunge another 4% to 5%, before reaching a bottom in early … Continue reading →

A look at Q2 home prices

Posted on August 11, 2011 by grim
Posted in Economics, Housing Bubble, Housing Recovery, New Jersey Real Estate | 186 Comments

From the Record: Home prices flat in North Jersey, National Association of Realtors says North Jersey home prices were flat in the second quarter, compared with a year earlier, the National Association of Realtors reported Wednesday. But a number of … Continue reading →

Hope for a housing recovery fading fast

Posted on August 9, 2011 by grim
Posted in Economics, Housing Bubble, National Real Estate | 203 Comments

From CNN Money: Housing recovery slips out of sight Any glimmer of hope that the housing market will stage a recovery in the upcoming months has vanished, thanks to the recent spate of bad economic news that has been making … Continue reading →

Home ownership hits new lows

Posted on August 1, 2011 by grim
Posted in Economics, Housing Bubble, National Real Estate | 162 Comments

From HousingWire: Homeownership drops to 1998 level The U.S. homeownership rate in the second quarter dropped to its lowest level in 13 years, according to the Census Bureau, with analysts expecting even more drops ahead. The homeownership rate fell to … Continue reading →

Why didn’t the price of that great house fall?

Posted on July 27, 2011 by grim
Posted in Economics, Housing Bubble, Housing Recovery, National Real Estate | 143 Comments

From HousingWire: CoreLogic: Nondistressed home prices stabilizing Stabilizing nondistressed home prices, a declining shadow inventory and stronger foreclosure auctions should lead to lower distressed sales and less downward pressure on prices, according to CoreLogic. The report notes that while mortgage … Continue reading →

Fannie Mae: Recovery begins in Q3

Posted on July 25, 2011 by grim
Posted in Economics, Housing Bubble, National Real Estate | 144 Comments

From HousingWire: Fannie Mae sees light at the end of housing tunnel Home sales in the second quarter of 2011 were bad, according to Fannie Mae. Home prices also remain volatile, moving with gains and losses, over the past two … Continue reading →

June Existing Home Sales Dissapoint

Posted on July 21, 2011 by grim
Posted in Economics, Housing Bubble, National Real Estate | 193 Comments

From the WSJ: Home Resales Decline Again as Buyers Hesitate Existing-home sales in June fell to a seven-month low, and the number of contract cancellations soared, signaling that buyers are rethinking home purchases amid national economic uncertainty. Sales decreased 0.8% … Continue reading →

Wrist slapping delayed a few weeks

Posted on July 18, 2011 by grim
Posted in Foreclosures, Housing Bubble | 124 Comments

From the NY Post: Mortgage megadeal is still weeks away America’s biggest mortgage servicers are still weeks from reaching a potential multibillion-dollar deal with federal and state officials to settle the foreclosure fiasco, The Post has learned. Key sticking points … Continue reading →

Bubble sitters just as unrealistic

Posted on July 17, 2011 by grim
Posted in Economics, Housing Bubble | 104 Comments

From MarketWatch: Post-bubble buyers more likely to overprice home People who bought their homes after the housing bubble burst are more likely to have an unrealistic view of their home’s worth than those who bought before the housing downturn, according … Continue reading →

“Homeowners need to price their homes right or they won’t sell”

Posted on July 15, 2011 by grim
Posted in Employment, Housing Bubble, National Real Estate | 229 Comments

From the Chicago Tribune: Pricing a home to sell in today’s market During the housing boom, many real estate agents found it extraordinarily tough, if not impossible, to come up with even ballpark asking prices for their listings. “Values were … Continue reading →

Kicking the can, prolonging the pain, delaying the inevitable, the new American Way

Posted on July 14, 2011 by grim
Posted in Economics, Foreclosures, Housing Bubble, National Real Estate | 189 Comments

From CNN Money: Foreclosures plunge in first half of 2011 Foreclosure filings fell dramatically during the first half of the year as processing delays at the banks, which are strapped with excess inventory of repossessed homes, continued to skew the … Continue reading →

Vacationeers take advantage of price slump in Vernon

Posted on July 9, 2011 by grim
Posted in Economics, Housing Bubble, North Jersey Real Estate | 88 Comments

From the NY Times: On Vacation at Home, All Year Long WITH ample opportunities to ski, golf, swim, hike and bike, life in this rural township in the New Jersey Highlands can feel like a year-round resort, residents say. “I … Continue reading →

Reaching a bottom in pricing?

Posted on July 8, 2011 by grim
Posted in Employment, Housing Bubble, National Real Estate | 284 Comments

From Bloomberg: Real Estate Forecast: Home Prices Limp into 2012 In the second half of 2011, U.S. home prices will continue decreasing in general, with certain markets experiencing growth. Do you live in a likely gainer? Home sale prices in … Continue reading →