Category Archives: Housing Recovery

January home sales looking better? Or was it just the weather?

Posted on February 22, 2012 by grim
Posted in Economics, Housing Recovery, National Real Estate | 83 Comments

From Bloomberg: Previously Owned U.S. Home Sales Probably Rose to Highest Since May 2010 Sales of previously owned U.S. houses probably rose in January to the highest level since May 2010, adding to signs the housing market is regaining its … Continue reading →

A good week for housing news?

Posted on February 20, 2012 by grim
Posted in Economics, Housing Recovery, National Real Estate | 63 Comments

From Bloomberg: Home Sales Probably Increased in January Home sales in the U.S. probably climbed in January to the highest level since May 2010, adding to evidence the housing market is regaining its footing, economists said reports this week will … Continue reading →

NJ foreclosure conversion deal moves forward

Posted on February 17, 2012 by grim
Posted in Foreclosures, Housing Recovery, New Jersey Real Estate | 174 Comments

From the Record: NJ Senate panel OKs bill turning foreclosed property into affordable housing A Senate panel unanimously approved a measure Thursday that would let municipalities and a new state corporation buy foreclosed homes and offer them to low- and … Continue reading →

Making the unaffordable affordable

Posted on February 15, 2012 by grim
Posted in Economics, Foreclosures, Housing Recovery, Politics | 126 Comments

From the Star Ledger: N.J. Dems outline proposal allowing towns to turn foreclosed homes into affordable housing Two senior Democrats today outlined a measure to let municipalities and a state corporation buy foreclosed homes and offer them to low- and … Continue reading →

Can’t wait to hear about how NJ spends the settlement

Posted on February 13, 2012 by grim
Posted in Foreclosures, Housing Recovery, Risky Lending | 136 Comments

From Bloomberg: Foreclosure Deal May Help States Prop Up Budgets, Raze Houses Wisconsin plans to use part of its $140 million share of the national foreclosure settlement to fill a budget hole. Missouri would devote $40 million for education. Ohio … Continue reading →

What’s our cut of the settlement?

Posted on February 9, 2012 by grim
Posted in Housing Recovery, New Jersey Real Estate, Politics, Risky Lending | 117 Comments

From the Daily Record: NJ gets $837.7M in nationwide mortgage and foreclosure settlement New Jersey’s share of the $25 billion mortgage settlement announced Thursday is expected to bring financial relief to at least some of the state’s homeowners who are … 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 →

NJ contracts continue to post positive prints

Posted on February 2, 2012 by grim
Posted in Housing Recovery, New Jersey Real Estate | 130 Comments

From the Otteau Group (no link): Home Sales Up in December Making it 7 of the Last 8 Months The New Jersey housing market continues to build momentum as it turned the corner into the new year. Combined purchase contracts … Continue reading →

I think I can, I think I can

Posted on January 30, 2012 by grim
Posted in Economics, Housing Recovery, National Real Estate | 103 Comments

From CNN/Money: The housing recovery that wasn’t Over the past few months, a spate of good news about the U.S. housing market has led some to think a recovery is finally on the horizon. The evidence is compelling. It now … Continue reading →

What part does hope play in economic forecasting?

Posted on January 25, 2012 by grim
Posted in Economics, Housing Recovery | 142 Comments

From HousingWire: RealtyTrac: Several economists missed the mark with 2011 projections Every new year brings predictions on how the economy is expected to fare, especially in terms of home sales, prices and gross domestic product growth. But with 2012 still … Continue reading →

Mortgage settlement near?

Posted on January 24, 2012 by grim
Posted in Foreclosures, Housing Recovery, Politics | 166 Comments

From Bloomberg: Bank Foreclosure Deal Reviewed by States as Delaware Drops Out State attorneys general reviewed a proposed settlement with banks over foreclosure and mortgage- servicing practices that negotiators are pressing to complete as Delaware said it would reject a … 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 →

Bottoms Up?

Posted on January 18, 2012 by grim
Posted in Economics, Housing Recovery, New Jersey Real Estate | 188 Comments

From the WSJ: From Bottom Up, Signs of Housing Recovery After years of watching home prices slide, Claudia Ruggiero, a teacher in White Plains, was ready to strike. She and her husband Michael Johnson, also a teacher, had a 14-month-old … 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 →

January Beige Book

Posted on January 11, 2012 by grim
Posted in Economics, Housing Recovery, New Jersey Real Estate | 161 Comments

From the Federal Reserve: Beige Book – Second District–New York The Second District’s economy has grown at a somewhat faster pace since the last report, led by brisk holiday-season spending. Labor market conditions, as well as prices, have remained generally … Continue reading →