Category Archives: National Real Estate

US Bank vs Guillaume – Serious legal issue or nitpicking over a irrelevant detail?

Posted on December 6, 2011 by grim
Posted in Foreclosures, National Real Estate, New Jersey Real Estate | 79 Comments

From HousingWire: New Jersey foreclosures wait in the wings as court deliberates key case Hundreds of New Jersey foreclosure cases are waiting in the wings for the state’s Supreme Court to issue what will be a landmark decision in the … Continue reading →

“People need to feel like they’re getting a great deal.”

Posted on November 30, 2011 by grim
Posted in Economics, Housing Bubble, Housing Recovery, National Real Estate | 88 Comments

From the WSJ: Home Prices Edge Downward Home prices declined in September and are poised for a grim winter as banks step up their efforts to take back and sell foreclosed properties. Prices fell 0.6% from August, according to the … Continue reading →

Foreclosures? Not in NYC.

Posted on November 29, 2011 by grim
Posted in Foreclosures, National Real Estate | 151 Comments

From HousingWire: NYC foreclosures drop 32% New York City foreclosure filings dropped 32% in the third quarter over last year. Lenders filed 3,168 foreclosures on single-family and multifamily properties during the quarter, according to a study from New York University … Continue reading →

FHA: Nothing to see here, move along

Posted on November 28, 2011 by grim
Posted in Economics, Housing Bubble, National Real Estate, Risky Lending | 120 Comments

From the WSJ: What Housing Risk? Before the 2007 housing bust, financial analysts who raised questions about Fannie Mae and Freddie Mac’s shaky finances were dismissed as cranks. So it’s worrying to see a thoughtful critique of another taxpayer-backed monolith—the … Continue reading →

No quick rebound for housing

Posted on November 27, 2011 by grim
Posted in Economics, Employment, Foreclosures, Housing Recovery, National Real Estate | 23 Comments

From CNBC: Housing Prices Won’t Recover Until 2013: Economists U.S. home prices will stagnate through next year and only start recovering in 2013, according to economists polled by Reuters who also felt the stimulus options being floated will not do … Continue reading →

October Home Sales Surprise (only slightly)

Posted on November 22, 2011 by grim
Posted in Employment, Housing Recovery, National Real Estate | 115 Comments

From the WSJ Developments Blog: Behind the Numbers: Thankful for Existing-Home Sales Here’s a reason for America’s real-estate agents to start celebrating Thanksgiving a few days early: Sales of previously owned homes in the U.S. — the biggest part of … Continue reading →

Bottoms up!

Posted on November 21, 2011 by grim
Posted in Economics, Housing Recovery, National Real Estate | 127 Comments

From the WSJ: Housing Market May Be Nearing a Bottom The housing market is starting to show a pulse. For the first time in a long time, housing figures are coming in better than expected. The National Association of Home … Continue reading →

What to make of “hyperlocal” recoveries? Noise? Something more?

Posted on November 17, 2011 by grim
Posted in Economics, Housing Recovery, National Real Estate | 123 Comments

From US News: Are Things Looking Up for the Housing Market? For-sale home inventories are dropping nationally while median sales prices are rising, according to new data released Wednesday, a rare but encouraging sign of renewed optimism in America’s feeble … Continue reading →

Bye bye middle class burbs

Posted on November 16, 2011 by grim
Posted in Economics, National Real Estate | 112 Comments

Sound familiar? Where have all the middle class neighborhoods gone? Seems like in Jersey, it’s becoming more and more common to have to either stretch far above one’s income to afford a nice neighborhood, or have to settle for something … Continue reading →

Do foreclosures even matter anymore?

Posted on November 10, 2011 by grim
Posted in Foreclosures, Housing Bubble, Housing Recovery, National Real Estate | 222 Comments

From Bloomberg: Foreclosure Filings in U.S. Rise 7% as Bank ‘Rain Delay’ Eases U.S. foreclosure filings rose 7 percent in October to a seven-month high as lenders started to speed up action against delinquent borrowers after a yearlong review into … Continue reading →

Any equity left to cash out?

Posted on November 8, 2011 by grim
Posted in Economics, Mortgages, National Real Estate | 160 Comments

From HousingWire: Freddie Mac cash-out levels hit 16-year low Monday, November 7th, 2011, 3:34 pm About 82% of homeowners who refinanced in the third quarter either decreased or maintained their principal balance, up from 77% in the previous quarter according … Continue reading →

Both economists and meteorologists predicting long winter

Posted on November 3, 2011 by grim
Posted in Economics, Housing Bubble, Housing Recovery, National Real Estate | 94 Comments

From HousingWire: Clear Capital: Home prices begin their descent October home prices fell 2.8% from a year earlier, the 13th straight month of such declines, according to Clear Capital. Home prices increased 0.6% from the previous three months, which flattened … Continue reading →

Mob extorts subprime lender, not sure who the crook is

Posted on November 2, 2011 by grim
Posted in Humor, National Real Estate, Risky Lending | 92 Comments

From the Post: Mortgage firm is Mafia Inc: feds It was a hostile corporate takeover — Mafia-style. The son of jailed former Lucchese boss Nicodemo “Little Nicky’’ Scarfo used the trusted mob technique of extortion to gain control of a … Continue reading →

Only thing better than a double dip, is a triple dip

Posted on October 31, 2011 by grim
Posted in Economics, Housing Bubble, National Real Estate | 76 Comments

From CNN/Money: Home prices heading for triple-dip The besieged housing market has even further to fall before home prices really hit rock bottom. According to Fiserv, a financial analytics company, home values are expected to fall another 3.6% by next … Continue reading →

September pending home sales up YOY, but slip on the month

Posted on October 28, 2011 by grim
Posted in Employment, Housing Recovery, National Real Estate | 119 Comments

From Inman: Pending home sales index rises from one year ago A monthly index that tracks pending sales of U.S. resale homes rose in September compared to a year ago, while falling on a month-to-month basis, the National Association of … Continue reading →