Monthly Archives: November 2011

Princetons to merge – A new trend for NJ?

From Bloomberg: Two Princeton Towns in New Jersey Vote in Favor of Consolidation Voters in the two New Jersey towns that share the Princeton name with the Ivy League university approved a ballot measure to merge. The proposal to combine … Continue reading

Posted in Economics, New Jersey Real Estate, Politics | 190 Comments

Any equity left to cash out?

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

Posted in Economics, Mortgages, National Real Estate | 163 Comments

Lenders slow to foreclose after the green light to go ahead

From the Record: Legal issues slow foreclosures In a small Bergen County courtroom one recent Friday, a sheriff’s officer auctioned off two foreclosed properties in a matter of minutes, as a handful of investors kept their eyes open for bargains. … Continue reading

Posted in Foreclosures, Housing Bubble, Housing Recovery, New Jersey Real Estate | 103 Comments

Recovery being led by gold coast condos?

From the NY Times: A Bright Spot in the Condo Market EVEN here — in a city that has been one of New Jersey’s most fertile breeding grounds for condominiums — construction has been virtually at a standstill since construction … Continue reading

Posted in Housing Recovery, New Development, New Jersey Real Estate | 202 Comments

Both economists and meteorologists predicting long winter

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

Posted in Economics, Housing Bubble, Housing Recovery, National Real Estate | 94 Comments

Mob extorts subprime lender, not sure who the crook is

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

Posted in Humor, National Real Estate, Risky Lending | 92 Comments

Careful with that claim, you might just get screwed twice

From the Record: Storms may push homeowners’ insurance rates higher Homeowners’ insurance rates may go up as insurers seek to offset losses expected from the unusual pre-Halloween snowstorm that socked the region on Saturday, and from Hurricane Irene and other … Continue reading

Posted in Economics, New Jersey Real Estate | 97 Comments