Monthly Archives: June 2011

Don, that is some expensive water.

From ABC 6 News: Jersey Shore home prices down, big bargains for buyers Home prices continue to fall across the U.S. Sellers are taking a hit, but for buyers there are big bargains. It is not as bleak as some … Continue reading

Posted in Housing Bubble, Shore Real Estate | 173 Comments

Shiller hints at lower home prices

From the Record: Home prices may drop another 25%, Shiller predicts Home prices may drop as much as 25 percent, after inflation, over the next five years, economist Robert Shiller, co-founder of the Standard & Poor’s/Case-Shiller home price index, said … Continue reading

Posted in Housing Bubble, National Real Estate | 217 Comments

June Beige Book

From the Federal Reserve: Beige Book – New York District Summary The Second District’s economy has continued to expand since the last report, though at a somewhat diminished pace. Labor market conditions have continued to improve modestly. Retail sales have … Continue reading

Posted in Economics, New Jersey Real Estate | 148 Comments

Zillow: Foreclosures 25% of the Market (and rising!)

From HousingWire: Foreclosures approach 25% of the housing market: Zillow ales of homes foreclosed on in the previous 12 months made up 24% of the market in April, up from 16% one year ago, according to data compiled by Zillow. … Continue reading

Posted in Foreclosures, Housing Bubble, National Real Estate | 199 Comments

A hint of recovery in the NYC condo market?

From HousingWire: Manhattan condos fall short of pre-recession price points Manhattan condo prices regained 16% of their value in the past two years, but still remain 12% below pre-crisis levels, according to Radar Logic’s latest RPX Manhattan Condominium price report. … Continue reading

Posted in Economics, National Real Estate | 161 Comments

New Record or Super Lowball?

From the Asbury Park Press: Rumson mansion sells for $12 million A spectacular grand estate on the Navesink River in Rumson built by Pete and Judi Dawkins sold for $12 million on Friday, a figure less than half the initial … Continue reading

Posted in Economics, Shore Real Estate | 119 Comments

The gem of Newark

From the NY Times: The Suburban Side of Newark PRETTY much as in any suburb around northern New Jersey, prices in the Forest Hill section of this city are down, the sales pace has slowed, and short sales and foreclosures … Continue reading

Posted in New Jersey Real Estate | 257 Comments

Will reduced loan limits kill the high-end?

From HousingWire: Lower loan limits deadline may not boost housing prices The Federal Housing Finance Agency is expected to reduce conforming loan limits on mortgages guaranteed by Fannie Mae and Freddie Mac this October. The hopeful anticipation is that demand … Continue reading

Posted in Housing Bubble, National Real Estate, New Jersey Real Estate, Risky Lending | 128 Comments

Double Dip for New Jersey Home Prices

From the Record: Home-price index at lowest point since 2006 bust Home values have slid into a “double dip,” dropping more than 3 percent in March from a year earlier, the Standard & Poor’s Case-Shiller index reported Tuesday. “Home prices … Continue reading

Posted in Employment, Housing Bubble, New Jersey Real Estate | 190 Comments