Monthly Archives: March 2012

Sell? Sell to … oh nevermind.

Posted on March 13, 2012 by grim

From CNBC: More Boomers Selling Homes, but Who Will Buy Them? Baby Boomers putting their house up for sale could flood the market in coming years, while the younger generations may not be interested in buying, a new report says. … Continue reading →

Posted in Economics, National Real Estate | 168 Comments

Property taxes cuts too expensive to afford

Posted on March 12, 2012 by grim

From the Star Ledger: N.J. can’t afford tax cuts proposed by either party It’s party time in Trenton, where we now have a menu of tax-cut plans to choose from — one from Gov. Chris Christie, one from the Senate … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes | 251 Comments

Anyone have the number for Roto-rooter?

Posted on March 9, 2012 by grim

From HousingWire: CoreLogic: Clogged foreclosure pipeline in Northeast slowing recovery Real estate data firm CoreLogic says recent employment growth, low mortgage rates and home affordability are signs of a breakthrough in the American economy. CoreLogic released its latest MarketPulse report, … Continue reading →

Posted in Foreclosures, Housing Recovery, New Jersey Real Estate | 137 Comments

NJ Unemployment at 9% in January

Posted on March 8, 2012 by grim

From NJBIZ: N.J. unemployment flat at 9 percent While the state’s unemployment rate held the line at 9 percent in January, private-sector employment increased and job growth in 2011 outpaced job losses in 2010, according to a report issued today … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate | 17 Comments

Is the market moving? Is it not?

Posted on March 8, 2012 by grim

From CNBC: Parsing Home Prices Proves Precarious Another day, another double-dose of home price reports, a home sentiment survey and a weekly report on mortgage applications. All seem to point in different directions. Both Lender Processing Services and CoreLogic released … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate | 132 Comments

Forclosure activity ticks higher as lenders resume resposessions

Posted on March 7, 2012 by grim

From Reuters: Foreclosure starts jump 28 percent in January : LPS Starts on U.S. home foreclosures shot up 28 percent in January, data provider Lender Processing Services (LPS.N) said on Tuesday in a report that suggested paper backlogs that had … Continue reading →

Posted in Foreclosures, National Real Estate, Risky Lending | 134 Comments

Do you have an FHA originated before June, 2009?

Posted on March 6, 2012 by grim

You are in luck. From the WSJ: White House Cuts Refinance Fees The U.S. government will cut fees on federally insured mortgages that have prevented some borrowers from refinancing their home loans at ultra-low interest rates, the latest in a … Continue reading →

Posted in Mortgages, Politics, Risky Lending | 24 Comments

Does more REO mean lower prices?

Posted on March 6, 2012 by grim

From HousingWire: Home price declines resilient against REO saturation: Clear Capital National home prices fell by the smallest margin in 10 months in light of REO saturation increases, a trend that Clear Capital calls “unusual and encouraging.” Prices declined 1.9% … Continue reading →

Posted in Economics, Foreclosures, Housing Recovery | 91 Comments

Real estate sentiment starting to change?

Posted on March 5, 2012 by grim

From CNBC: As Home Prices Fall Further, Is It Time to Buy? Nobody wants to catch a falling knife. It is as simple as that. If potential buyers see continued home price erosion, they will stay parked on the sidelines. … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate | 176 Comments

Fix’er-Uppers Dream

Posted on March 3, 2012 by grim

From the NY Times: ‘Rehab’ Loans to the Rescue AFTER months of searching for a mother-daughter home that they could afford in the Bergen County town where they were renting, Adrian and Rosanna Mercado came upon a Victorian with enough … Continue reading →

Posted in Economics, New Jersey Real Estate | 55 Comments