Category Archives: National Real Estate

Case Shiller Day!

Posted on August 31, 2010 by grim
Posted in Economics, National Real Estate, New Jersey Real Estate | 132 Comments

From Reuters: US home prices to eke out small June gain U.S. home prices likely eked out a small gain in June, but a rise would represent the final tail-winds of the homebuyer tax credit that ended in April rather … Continue reading →

“The housing market should improve but it probably won’t.”

Posted on August 30, 2010 by grim
Posted in Economics, National Real Estate | 110 Comments

From Time: Housing Market: What’s Ahead? Are housing prices near a bottom? It’s not just policymakers, realtors and bankers who yearn for the turn. Anyone who owns a house, a condo or coop is surely wishing for some modest improvement. … Continue reading →

There are no American soldiers in Baghdad

Posted on August 29, 2010 by grim
Posted in Economics, Housing Bubble, National Real Estate | 79 Comments

From the NY Times (Hat tip Cindy): Widespread Fear Freezes Housing Market You have to wonder sometimes what they’re smoking over there at the National Association of Realtors. On Tuesday, the self-proclaimed “voice for real estate” released its “existing home … Continue reading →

Home price outlook not rosy

Posted on August 26, 2010 by grim
Posted in Economics, National Real Estate | 185 Comments

From MacroMarkets: Home Price Expectations Continue to Dim “For the third consecutive month, the consensus from the experts indicates weakened overall confidence in the U.S. housing recovery, with only 21% of our panelists now predicting positive growth in prices nation-wide … Continue reading →

Housing transitions from cash cow to dog

Posted on August 23, 2010 by grim
Posted in Economics, Housing Bubble, National Real Estate | 112 Comments

From the NYT: Housing Fades as a Means to Build Wealth, Analysts Say Housing will eventually recover from its great swoon. But many real estate experts now believe that home ownership will never again yield rewards like those enjoyed in … Continue reading →

How do we sleep when our beds are sinking?

Posted on August 21, 2010 by grim
Posted in Foreclosures, Housing Bubble, National Real Estate | 95 Comments

From Reuters: Dropout Rate for Mortgage Aid Program Nearly 50%: Treasury The percentage of homeowners dropping out of the Obama administration’s premier housing rescue program rose in July to nearly half of participants, as owners receiving aid continued to struggle … Continue reading →

Hot Potato

Posted on August 20, 2010 by grim
Posted in Housing Bubble, National Real Estate, Risky Lending | 182 Comments

From Housingwire: Fitch: Big Four Banks Face $180bn in Buybacks from Fannie and Freddie Government sponsored enterprises (GSEs) Freddie Mac and Fannie Mae may exercise the right to force the big four banks, JP Morgan, Citigroup, Bank of America, and … Continue reading →

6.67% of mortgage holders late in Q2

Posted on August 17, 2010 by grim
Posted in Economics, Foreclosures, National Real Estate, New Jersey Real Estate, Risky Lending | 95 Comments

From Forbes: Late mortgage payments spike in 2Q vs year ago The rate at which U.S. homeowners fell behind on their mortgage payments remained stubbornly elevated in the second quarter. In the three months ended June 30, the number of … Continue reading →

Fannie reform unlikely as housing dips again

Posted on August 16, 2010 by grim
Posted in Economics, National Real Estate, Risky Lending | 115 Comments

From the WSJ: Housing Ills Cloud Debate on Fannie All year long, the Obama administration has defended its decision to postpone the debate over the fate of Fannie Mae and Freddie Mac by arguing that it first needed to put … Continue reading →

600,000 REO homes and rising

Posted on August 12, 2010 by grim
Posted in Economics, Foreclosures, Housing Bubble, National Real Estate | 160 Comments

From CNBC: Foreclosure Math: Shadow Inventory Adds Up It’s the real key to the housing recovery. If we know exactly how much shadow inventory of foreclosed properties will come to market, and we know the general demand, then we can … Continue reading →

More homeowners to take a dip, and walk away

Posted on August 5, 2010 by grim
Posted in Economics, Housing Bubble, National Real Estate | 152 Comments

From HousingWire: 20m Borrowers Could Be Underwater before 2012: Deutsche Bank More than 14m borrowers were underwater as of Q110, owing more on a mortgage than the value of the underlying property. But with a further 10.8% decline in house … Continue reading →

Pending home sales at 9 year low, Northeast leads decline

Posted on August 3, 2010 by grim
Posted in Economics, Housing Bubble, National Real Estate | 157 Comments

From CNBC: Pending Home Sales Sink 2.6 Percent in June From the AP: Pending home sales sink 2.6 percent in June he number of buyers who signed contracts to purchase homes dropped in June, as the weak economy and tight … Continue reading →

Greenspan: Double dip “possible, if home prices go down.”

Posted on August 2, 2010 by grim
Posted in Economics, Housing Bubble, National Real Estate | 117 Comments

From the LA Times: Alan Greenspan: A drop in home prices could lead to second recession Former Federal Reserve Chairman Alan Greenspan said over the weekend that a decline in home prices could derail an already slowing economic recovery and … Continue reading →

New Jersey housing demand “sluggish and lacking momentum”

Posted on July 28, 2010 by grim
Posted in Economics, Housing Bubble, National Real Estate, New Jersey Real Estate | 148 Comments

From the Federal Reserve: Beige Book – Second District–New York Construction and Real Estate Housing markets have softened somewhat, on balance, since the last report, with much of the weakening attributed to the expiration of the home-buyer tax credit. An … Continue reading →

May Case Shiller Day!

Posted on July 27, 2010 by grim
Posted in Economics, National Real Estate, New Jersey Real Estate | 107 Comments

From Bloomberg: Home Prices Probably Rose in Year Ended May as U.S. Tax Credit Aided Sales Home prices in 20 U.S. cities rose in May from a year earlier as a government tax credit temporarily underpinned sales, economists forecast a … Continue reading →