Monthly Archives: July 2011

Altos: Home prices trending positive

Posted on July 13, 2011 by grim

From HousingWire: Home prices, inventory levels trend up: Altos Research Home prices and inventory levels are trending upward in many U.S. cities tracked by Altos Research, according to the firm’s latest Housing Market Update. The median national home price for … Continue reading →

Posted in Economics, National Real Estate | 201 Comments

Shocked to hear a Realtor association is overstating sales prices

Posted on July 12, 2011 by grim

From the Chicago Tribune: Realty trade group overreported Chicago home prices The Illinois Association of Realtors said Monday that the median price it reported for home sales within the city of Chicago was inflated in May and mistakes in its … Continue reading →

Posted in National Real Estate | 155 Comments

Time to buy?

Posted on July 11, 2011 by grim

From Time: Why Real Estate May Be The Buying Opportunity of the Decade No one knows what the economy or the stock market will do over the next six months. But when your time horizon is 20 years, the outlook … Continue reading →

Posted in Economics, National Real Estate | 155 Comments

Vacationeers take advantage of price slump in Vernon

Posted on July 9, 2011 by grim

From the NY Times: On Vacation at Home, All Year Long WITH ample opportunities to ski, golf, swim, hike and bike, life in this rural township in the New Jersey Highlands can feel like a year-round resort, residents say. “I … Continue reading →

Posted in Economics, Housing Bubble, North Jersey Real Estate | 90 Comments

Reaching a bottom in pricing?

Posted on July 8, 2011 by grim

From Bloomberg: Real Estate Forecast: Home Prices Limp into 2012 In the second half of 2011, U.S. home prices will continue decreasing in general, with certain markets experiencing growth. Do you live in a likely gainer? Home sale prices in … Continue reading →

Posted in Employment, Housing Bubble, National Real Estate | 286 Comments

Flash! Hard to afford a big house on a big lot in Jersey

Posted on July 7, 2011 by grim

Affordability is a little bit of a sticky topic. Realize that a house doesn’t need to be affordable by the median income to be saleable, it just needs to be affordable for it’s single buyer. But this leads to a … Continue reading →

Posted in Economics, New Development, New Jersey Real Estate | 151 Comments

Home prices ex. distressed home sales? Of course the math works, but does it make sense?

Posted on July 6, 2011 by grim

Applying the same logic to the boom would mean we should have been removing any overly optimistic prices, or sales involving bidding wars, because their high pricing was not illustrative or indicative of the overall market. Why was nobody suggesting … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 118 Comments

NJ takes aim at foreclosure rescue scams

Posted on July 5, 2011 by grim

From the Star Ledger: N.J. Legislature bill would regulate foreclosure rescue fraud, offer relief to distressed homeowners They call themselves “foreclosure rescue” companies, but in many cases they end up enriching themselves while destroying whatever credit-worthiness a distressed homeowner has. … Continue reading →

Posted in Economics, Foreclosures, New Jersey Real Estate | 163 Comments

America Loves Houses

Posted on July 1, 2011 by grim

From the NY Times: Despite Fears, Owning Home Retains Allure, Poll Shows Owning a house remains central to Americans’ sense of well-being, even as many doubt their home is a good investment after a punishing recession. Nearly nine in 10 … Continue reading →

Posted in National Real Estate | 366 Comments