Monthly Archives: January 2012

CoreLogic: November home prices down 4.3% (0.6% excluding distressed homes)

From HousingWire: Home prices decline 4.3% in November: CoreLogic Home prices nationwide fell 4.3% year-over-year in the month of November, according to analytics firm CoreLogic in its November Home Price Index. Santa Ana, Calif.-based CoreLogic said home prices declined 1.4% … Continue reading

Posted in Foreclosures, Housing Recovery, National Real Estate | 166 Comments

2010 – Lowest property tax increases since 1992

From the Star Ledger: Special Report: Did N.J. property tax reform help most taxpayers? New Jersey homeowners paid an average of 2.4 percent more for property taxes in 2011, the smallest increase in nearly two decades, showing Gov. Chris Christie’s … Continue reading

Posted in New Jersey Real Estate, Politics, Property Taxes | 135 Comments

NJ downpayment size, 13.71%, highest in the nation

From the NY Times: State Leads Nation in Down-Payment Size BUYERS in New Jersey have the highest down-payment rate in the country, putting down an average 13.71 percent of the purchase price, according to a new report from LendingTree. That … Continue reading

Posted in Economics, New Jersey Real Estate | 46 Comments

Just a little more 2012 prognostication

From the Ledger: Real Estate May Begin to Come to Life in 2012 The housing market — staggering under a slow economy and still paying for the excesses of the boom years — may start to stir to life in … Continue reading

Posted in Economics, Housing Recovery, National Real Estate | 150 Comments

Housing Bailout #307b – “Sacrifice for the greater good”

From HousingWire: Bernanke calls for nationwide REO rental program The government should consider helping the nation’s vacant, unsold stock of foreclosed properties by supporting initiatives to occupy. Federal Reserve Chairman Ben Bernanke believes that one aspect should be a government … Continue reading

Posted in Economics, Foreclosures, National Real Estate, Risky Lending | 222 Comments

First National Bank of Mom and Dad drives Gen-X purchasing

From NJBIZ: In hurting market, first-time buyers depend on parents to secure a home New Jersey’s struggling housing market and high unemployment rate among the 25- to 34-year-old set have driven those who want to fulfill the American dream of … Continue reading

Posted in Economics, New Jersey Real Estate | 186 Comments

Rent or buy? Either one it seems.

From HousingWire: S&P: Buying, renting costs draw closer An index from Standard & Poor’s shows a narrowing gap between the cost of buying a house and renting. David Blitzer, chairman of the company’s index committee, said the rent-buy price ratio … Continue reading

Posted in Economics, Housing Recovery, National Real Estate | 136 Comments

2012 – Year of the bottom in housing?

From the Star Ledger: The new year could bring opportunities for home buyers; market expected to improve by mid-year Are we at the bottom of the housing market? It’s the primary question on the minds of real estate agents and … Continue reading

Posted in Housing Recovery, National Real Estate | 121 Comments