Monthly Archives: November 2012

They will return … to higher prices?

Posted on November 12, 2012 by grim

From Bloomberg: Jersey Shore’s Lure to Homebuyers Seen Surviving Hurricane Sandy Danea Kelly made her first shopping trip for a New Jersey shore vacation home on the Saturday before Hurricane Sandy made landfall. It won’t be her last. While Kelly, … Continue reading →

Posted in Economics, Housing Recovery, Shore Real Estate | 139 Comments

BofA: Home Prices to increase 3.3% a year for the next 10 years

Posted on November 9, 2012 by grim

From HousingWire: BofA Merrill Lynch analysts forecast 5% rise in home prices Bank of America Merrill Lynch revised its housing forecast upward due to a better alignment of supply and demand, and now predicts the S&P/Case-Shiller Index will increase by … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate | 238 Comments

Widespread recovery in home prices?

Posted on November 8, 2012 by grim

From Bloomberg: Home Prices Rise in 81% of U.S. Cities as Markets Recover Prices for single-family homes rose in 81 percent of U.S. cities as the property market extends a recovery from the worst crash since the 1930s. The median … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate | 236 Comments

Corelogic HPI jumps in September

Posted on November 7, 2012 by grim

From the AP: Sustainable housing recovery evident: Home prices in many states rose steadily through year A measure of U.S. home prices jumped 5 percent in September compared to a year ago, the largest year-over-year increase since July 2006. The … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate | 216 Comments

Ask … and ye shall receive?

Posted on November 6, 2012 by grim

From HousingWire: October home prices rise 2.9% as rents soar above 5% Home prices rose 2.9% over last year in October, but had nothing on the rental market which saw rates rise 5.1% from 2011 levels, Trulia said Monday. The … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate | 239 Comments

Living at the shore to get even more expensive

Posted on November 5, 2012 by grim

From the APP: Costly aftermath? Another battering for homeowners New Jersey is not Florida North quite yet. But the widespread wreckage left by Sandy, the nor’easter-tropical storm hybrid that mercilessly barreled into the East Coast last week, brings to mind … Continue reading →

Posted in Economics, New Jersey Real Estate, Shore Real Estate | 161 Comments

What does Sandy mean for NJ real estate?

Posted on November 3, 2012 by grim

From Bloomberg: Sandy Batters New Jersey’s Struggling Housing Market Cody Buck rebuilt his home in Sayreville, New Jersey, after Hurricane Irene knocked it down last year. Yesterday, Buck showed New Jersey Governor Chris Christie how superstorm Sandy destroyed the house … Continue reading →

Posted in Economics, New Development, New Jersey Real Estate | 212 Comments