Category Archives: Housing Recovery

Northeast not what she used to be

From the Atlantic: An Unsteady Future for New England’s Suburbs The house is a perfect Colonial, white with green shutters, with five bedrooms, a pool, and a spacious lawn. A decade ago, it would have flown off the market. These … Continue reading

Posted in Demographics, Economics, Employment, Housing Recovery | 106 Comments

LI Market Burnout?

From LI Business News: LI home prices fall along with sales The median prices of Long Island homes contracted for sale in July dropped as the number of sales also declined as compared with the previous month. In Nassau County, … Continue reading

Posted in Economics, Housing Recovery, New Jersey Real Estate, NYC | 86 Comments

So much for dragging out foreclosures

From the APP: NJ leads nation in quarterly foreclosure starts New Jersey led the nation in foreclosure starts in the second quarter, as the mortgage industry continues to deal with a backlog of loans that went bad in the housing … Continue reading

Posted in Foreclosures, Housing Recovery, New Jersey Real Estate | 51 Comments

Does housing make a middle class? Or does the middle class make housing?

From the WSJ: Lopsided Housing Rebound Leaves Millions of People Out in the Cold The housing recovery that began in 2012 has lifted the overall market but left behind a broad swath of the middle class, threatening to create a … Continue reading

Posted in Demographics, Economics, Housing Recovery, New Jersey Real Estate | 101 Comments

Sandy Who?

From the Washington Post: Four years after Sandy, the coastal real estate market is recovering Hurricane Sandy stretched from the central Appalachians well into New England when it came ashore nearly four years ago, tearing through thousands of homes and … Continue reading

Posted in Housing Recovery, Shore Real Estate | 103 Comments

Foreclosures at 9 year low

From HousingWire: Corelogic: Foreclosure inventory finally back to housing-boom levels Foreclosure inventory declined yet again in June, but completed foreclosures, while down from last year, increased from last month, according to CoreLogic, property information, analytics and data-enabled solutions provider. CoreLogic’s … Continue reading

Posted in Foreclosures, Housing Recovery, National Real Estate | 104 Comments

Good Riddance to the Hamilton Projects

From the Record: Rebirth of an urban neighborhood in Paterson Growing up in Paterson, Sandra Drysdale had lots of friends living in the Alexander Hamilton housing complex. But what she heard about crime and drug-dealing there made her afraid to … Continue reading

Posted in Housing Recovery, New Development, North Jersey Real Estate | 95 Comments

Dirt gets more expensive

From the WSJ: Low Supply Lifts Housing Lot Prices To a Record The prices home builders pay for single-family lots hit a record high in the U.S. last year, a sign that a scarce supply of developed land is pushing … Continue reading

Posted in Economics, Housing Recovery, National Real Estate | 67 Comments

Maybe real estate just always sucks?

From MarketWatch: It’s a seller’s real-estate market, but who’s selling? Even though the U.S. has seen more than three years of a booming seller’s market for housing, there are plenty of Americans who are reluctant to sell their homes for … Continue reading

Posted in Demographics, Economics, Housing Recovery, National Real Estate | 49 Comments

Clear ’em out

From Dow Jones: Foreclosures Drop in New York and New Jersey as Courts Pick Up Pace dward Navarro, a former telephone clerk on the New York Stock Exchange, has been facing foreclosure on his attached two-family house in Woodhaven, Queens, … Continue reading

Posted in Foreclosures, Housing Recovery, New Jersey Real Estate, NYC | 61 Comments

Housing Development Dips

From the Record: NJ home construction running 17% below last year’s pace After a dramatic, four-year rebound from the worst housing downturn in generations, home construction in New Jersey has fallen back this year, running about 17 percent behind 2015’s … Continue reading

Posted in Housing Recovery, New Development, New Jersey Real Estate | 59 Comments

Money See Money Do

From CNBC: Real estate buying habits linked to people’s Facebook behavior Call it fear of missing out — on housing investments. Our decisions about buying property are heavily influenced by our social media networks, according to new research from economists … Continue reading

Posted in Demographics, Economics, Housing Recovery | 59 Comments

Affordability and inventory weigh on pending sales

From HousingWire: Affordability constraints hold back pending home sales Pending home sales remained in a holding pattern in June, however they increased slightly, according to the Pending Home Sales Index from the National Association of Realtors. Constricted supply and low … Continue reading

Posted in Economics, Housing Recovery | 159 Comments

Slow grind

From the Record: Home prices edge up in New York metro area Home values are edging up slowly in the New York metropolitan area, including North Jersey, the S&P CoreLogic Case-Shiller index reported Tuesday. Single-family home prices in the region … Continue reading

Posted in Housing Recovery, New Jersey Real Estate | 77 Comments

New Economik Report from Shillow

From Zillow: It’s well known that a lack of homes for sale is limiting home buyers’ choices this home shopping season. But this inventory shortage is also contributing to another home buying hurdle – along with limited options, buyers also … Continue reading

Posted in Economics, Housing Recovery, National Real Estate | 77 Comments