Monthly Archives: February 2012

What’s our cut of the settlement?

From the Daily Record: NJ gets $837.7M in nationwide mortgage and foreclosure settlement New Jersey’s share of the $25 billion mortgage settlement announced Thursday is expected to bring financial relief to at least some of the state’s homeowners who are … Continue reading

Posted in Housing Recovery, New Jersey Real Estate, Politics, Risky Lending | 117 Comments

Thursday Morning Grim

From CNBC (via Business Insider): New York Housing Market Could Still Collapse: Analyst There’s been a lot of talk recently about home prices reaching a bottom. Most notably, Bill McBride at Calculated Risk — perhaps the most respected housing market … Continue reading

Posted in Foreclosures, Housing Bubble, New Jersey Real Estate, Risky Lending | 172 Comments

Taxes taxes and more taxes

From the Daily Record: Property taxes in N.J. rise 2.4 percent despite state-imposed cap New Jersey’s highest-in-the-nation property taxes continued to rise in 2011, although at a slower rate than in previous years, according to figures released by the state … Continue reading

Posted in New Jersey Real Estate, Property Taxes | 121 Comments

One step closer to settlement, at a price

From HousingWire: More than 40 states to sign foreclosure settlement More than 40 states will sign a settlement with the top-five mortgage servicers over alleged foreclosure abuses that arose more than one year ago, Iowa Attorney General Tom Miller said … Continue reading

Posted in Foreclosures, Mortgages, National Real Estate, North Jersey Real Estate | 122 Comments

Foreclosure settlement to finally be reached today?

From Bloomberg: Foreclosure Deal Deadline Arrives as States Must Choose Whether to Sign On States that balked at bank liability releases in a proposed $25 billion nationwide settlement over foreclosure practices must decide by today whether its mortgage relief and … Continue reading

Posted in Foreclosures, Mortgages, National Real Estate, Risky Lending | 106 Comments

CoreLogic: December Home Prices

From CoreLogic (no link): CoreLogic® Home Price Index Shows Fifth Consecutive Month-Over-Month Decline Home prices in the U.S. decreased 1.4 percent on a month-over-month basis, the fifth consecutive monthly decline. However, the HPI excluding distressed sales posted its first month-over-month … Continue reading

Posted in Economics, Housing Bubble, Housing Recovery, New Jersey Real Estate | 187 Comments

NJ contracts continue to post positive prints

From the Otteau Group (no link): Home Sales Up in December Making it 7 of the Last 8 Months The New Jersey housing market continues to build momentum as it turned the corner into the new year. Combined purchase contracts … Continue reading

Posted in Housing Recovery, New Jersey Real Estate | 130 Comments

Case Shiller: NY metro prices fall 2.3% in November

From the Record: Region’s home prices drop 2.3% Home prices in the New York metropolitan area, including North Jersey, dropped 2.3 percent in November, compared with a year earlier, the Standard & Poor’s Case-Shiller index reported Tuesday. Nationally, prices dropped … Continue reading

Posted in Economics, New Jersey Real Estate | 144 Comments