Category Archives: Housing Recovery

FHFA: Home prices up in March

Posted on May 24, 2012 by grim
Posted in Economics, Housing Recovery, National Real Estate | 152 Comments

From Bloomberg: Home Prices Rose Most in Two Decades in March, FHFA Says U.S. home prices jumped 1.8 percent in March, the biggest monthly increase in at least two decades, as the housing recovery builds momentum, the Federal Housing Finance … Continue reading →

April home sales make positive gains (but ignore the price data)

Posted on May 22, 2012 by grim
Posted in Economics, Housing Recovery, National Real Estate | 117 Comments

From Bloomberg: Sales of Existing Homes in U.S. Rise as Market Stabilizes Sales of existing U.S. homes rose in April, driven by broad-based gains in demand that signal the market is stabilizing. Purchases, tabulated when a contract closes, increased 3.4 … Continue reading →

April sees both jobs and unemployment grow

Posted on May 17, 2012 by grim
Posted in Economics, Housing Recovery, New Jersey Real Estate | 134 Comments

From the Record: NJ added 2,600 jobs in April New Jersey added 2,600 jobs in April, a slight rebound from the March’s job losses, but unemployment remained high. The state added 6,300 private sector jobs, and lost 3,700 government jobs, … Continue reading →

Mixed bag for Jersey prices

Posted on May 9, 2012 by grim
Posted in Employment, Housing Recovery, New Jersey Real Estate | 144 Comments

From the APP: Home prices rise in half of U.S. cities, fall in NJ Prices for single-family homes climbed in half of U.S. cities in the first quarter as real estate markets stabilized. But in the region that includes Monmouth … Continue reading →

North Jersey Contracts – April 2012

Posted on May 7, 2012 by grim
Posted in Economics, Housing Recovery | 294 Comments

(Source GSMLS, except Bergen which is NJMLS) Pending Home Sales (Contracts) ——————————- Bergen County April 2011 – 669 April 2012 – 813 (Up 21.5% YOY) Essex County April 2011 – 324 April 2012 – 402 (Up 24.1% YOY) Hunterdon County … Continue reading →

The water is nice, but don’t turn your back on the waves

Posted on May 5, 2012 by grim
Posted in Economics, Housing Recovery, Shore Real Estate | 29 Comments

From the NYT: Partly Sunny at the Shore JOEL NAROFF, an economist who last year won a prize from the National Association for Business Economics as the country’s most accurate forecaster, found his prediction skills wanting four years ago when … Continue reading →

National asking prices continue to rise (not so much here)

Posted on May 3, 2012 by grim
Posted in Economics, Housing Recovery | 147 Comments

From the WSJ: Report: Asking Prices Bode Well for Spring Sales A report out Thursday says that strengthening asking prices for homes point to higher sales prices as early as June, which would be a welcome turn for the beleaguered … Continue reading →

The fear is gone?

Posted on April 30, 2012 by grim
Posted in Economics, Housing Recovery, National Real Estate | 136 Comments

From the WSJ: Housing Ends Slide but Faces a Long Bottom Nearly six years after home prices started falling, more U.S. housing markets appear to be nearing a new phase: a prolonged bottom. Hitting a bottom, of course, isn’t the … Continue reading →

Otteau: Big jump for March contracts

Posted on April 28, 2012 by grim
Posted in Economics, Housing Recovery, New Jersey Real Estate | 76 Comments

From Otteau: NJ Home Sales Up 25% YTD (Click for graph) Home sales continued to surge in March as combined purchase-contracts for resales and new homes rose by 20% in March. YTD sales are now running 25% ahead of 2011 … Continue reading →

Northeast pending home sales up 18.4% YOY in March

Posted on April 27, 2012 by grim
Posted in Economics, Housing Recovery, National Real Estate | 151 Comments

From Bloomberg: Pending Sales of U.S. Existing Homes Increased 4.1% in March Signed contracts to buy U.S. homes rose more than forecast in March as low interest rates drew buyers back into the market. The index of pending home purchases … Continue reading →

February Home Prices

Posted on April 25, 2012 by grim
Posted in Economics, Housing Recovery, National Real Estate | 159 Comments

From Bloomberg: US home prices drop for 6th straight month Home prices dropped in February in most major U.S. cities for a sixth straight month, a sign that modest sales gains haven’t been enough to boost prices. The Standard & … Continue reading →

Is distressed the new normal?

Posted on April 24, 2012 by grim
Posted in Economics, Foreclosures, Housing Recovery, National Real Estate | 133 Comments

From CNBC: Short Sales Higher, Prices Lower Buyer traffic is strong, supply of homes for sale is low, and yet home prices continue to defy the usual formula, falling again in March. Prices usually rise as supply shrinks, but demand … Continue reading →

March Existing Home Sales

Posted on April 19, 2012 by grim
Posted in Economics, Housing Recovery, National Real Estate | 154 Comments

From Bloomberg: U.S. Existing-Home Sales Probably Rose Sales of previously owned U.S. homes probably increased in March as a drop in mortgage rates propelled demand to its strongest quarter in almost two years. Purchases climbed 0.7 percent to a 4.62 … Continue reading →

Expected the best, but worst still better than last year

Posted on April 18, 2012 by grim
Posted in Economics, Housing Recovery, New Development | 113 Comments

From Bloomberg: Housing Data Disappoint … Again So the latest housing number is kind of bad: 654,000 new units were started in March, 5.8 percent below the revised February numbers. Economists surveyed by Bloomberg were expecting something considerably higher. The … Continue reading →

Are those rising prices on the horizon? Or just a mirage?

Posted on April 13, 2012 by grim
Posted in Economics, Housing Recovery, National Real Estate | 108 Comments

From Reuters: Home prices close to bottoming, to rise in 2013 The relentless decline in home prices is nearing an end and prices should rise for the first time in seven years in 2013, but a possible new wave of … Continue reading →