Category Archives: National Real Estate

Exurb Puff Piece? Smells like a bubble

Posted on July 21, 2017 by grim

From the NY Times: Extreme Commuting In 1492, after an arduous voyage aboard Columbus’s vessel the Santa María, Rodrigo de Triana, a lookout, bellowed, “Tierra!” This is pretty much how Corey Ferrell, a commuter, sometimes feels upon docking at his … Continue reading →

Posted in Employment, Housing Bubble, National Real Estate, NYC | 56 Comments

Foreigners love American real estate

Posted on July 19, 2017 by grim

From CNBC: Foreigners snap up record number of US homes Foreign purchases of U.S. residential real estate surged to the highest level ever in terms of number of homes sold and dollar volume. Foreign buyers closed on $153 billion worth … Continue reading →

Posted in Demographics, Economics, National Real Estate | 39 Comments

We can’t build anything anymore…

Posted on July 17, 2017 by grim

From Salon: Chris Christie’s era of misrule in Jersey: The empty swamp mall and the canceled tunnel While Gov. Chris Christie’s Bridgegate gambit rightfully helped kneecap his presidential run, it was his cancellation, in 2010, of a trans-Hudson rail tunnel … Continue reading →

Posted in National Real Estate, New Development, New Jersey Real Estate, Politics | 102 Comments

Another bubble?

Posted on July 14, 2017 by grim

From Forbes: Home Prices And Buyer Competition Hit New Highs in June U.S. home prices rose 7.3 percent to a median sale price of $298,000 in June, according to Redfin, the next-generation real estate brokerage. This is the highest national … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 40 Comments

The negative equity gap

Posted on July 10, 2017 by grim

From DSNews: Does Home Price or Location Impact Underwater Mortgages? In total, 1.8 million American homeowners currently owe more on their home loans than their property is worth. Though this is the first time the number has dropped below 2 … Continue reading →

Posted in Demographics, Economics, National Real Estate | 92 Comments

No slow down in May

Posted on July 5, 2017 by grim

From CoreLogic: CoreLogic US Home Price Report Shows Prices Up 6.6 Percent in May 2017 CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released its CoreLogic Home Price Index (HPI™) and HPI Forecast™ for … Continue reading →

Posted in Demographics, Economics, Housing Recovery, National Real Estate | 41 Comments

So much for the summer job

Posted on July 3, 2017 by grim

From Time: Where Did America’s Summer Jobs Go? It’s not like the jobs aren’t there. The ice cream still needs scooping. A Tilt-a-Whirl doesn’t run itself. And that floppy, weirdly heavy rubber frog that somersaults toward the rotating lily pads? … Continue reading →

Posted in Economics, Employment, National Real Estate, Shore Real Estate | 55 Comments

Say it ain’t so

Posted on June 28, 2017 by grim

From the Washington Post: The McMansion, ultimate symbol of the pre-recession boom, is back If there’s anything that typifies the boom times before the Great Recession, it is the McMansion. These sprawling houses proliferated around the country in the 2000s, … Continue reading →

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

May EHS exceeds expectations

Posted on June 22, 2017 by grim

From CNBC: Existing home sales hit 5.62 million units in May, vs. expectations of 5.57 million U.S. home resales unexpectedly rose in May to the third highest monthly level in a decade and a chronic inventory shortage pushed the median … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate | 75 Comments

No New Homes

Posted on June 18, 2017 by grim

From HousingWire: Economists: Housing inventory could soon turn into an emergency The latest report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau showed housing starts sank to an eight-month low. Now, economists are saying … Continue reading →

Posted in Economics, National Real Estate, New Development | 25 Comments

It’s a good time to sell, but don’t.

Posted on June 15, 2017 by grim

From HousingWire: Capital Economics: A seller’s market won’t cure inventory shortages It’s finally a seller’s market, but according to a new Capital Economics report, the increased selling sentiment doesn’t guarantee a boost in much-needed housing inventory. Fannie Mae’s most recent … Continue reading →

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

Delinquencies improve, even in NJ

Posted on June 14, 2017 by grim

From National Mortgage Professional: Mortgage Delinquencies Dropped to 10-Year Low CoreLogic’s Loan Performance Insights Report shows that in March, nationally, 4.4 percent of mortgages were in some stage of delinquency (30 days or more past due including those in foreclosure), … Continue reading →

Posted in Economics, Foreclosures, National Real Estate | 54 Comments

DINKS with style – what do you expect?

Posted on June 12, 2017 by grim

From MarketWatch: Why house prices in gay neighborhoods are soaring American homeowners can take pride in these prices. At the nadir of the housing market in 2012, homebuyers had to pay an average premium of almost 29%, or $209 per … Continue reading →

Posted in Demographics, Economics, National Real Estate | 31 Comments

Can’t live in one, can’t live without one

Posted on June 10, 2017 by grim

From MarketWatch: Mortgages are unaffordable in half of America’s largest housing markets Owning a home is becoming an increasingly unaffordable proposition in many of the largest metropolitan areas across the U.S. In more than half of the nation’s 35 largest … Continue reading →

Posted in Economics, National Real Estate | 43 Comments

Escalades and Jet Skis … Baby!

Posted on June 9, 2017 by grim

From HousingWire: Homeowner equity soars in first quarter Homeowner equity increased significantly in the first quarter of 2017, according to the Q1 2017 home equity analysis from CoreLogic, a property information, analytics and data-enabled solutions provider. Homeowners with a mortgage, … Continue reading →

Posted in Economics, Mortgages, National Real Estate | 85 Comments