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Monthly Archives: March 2013
Deep pockets needed to cash in on Sandy deals
From the AP: Homebuyers Searching for Real Estate Deals in Hurricane Sandy Wreckage It sounds like the premise for a new reality TV series: “Hurricane House” — people scouring waterside communities looking to buy homes damaged by Hurricane Sandy at … Continue reading
Posted in Housing Recovery, Shore Real Estate
74 Comments
How to get paid to live in a $1m house
From MarketWatch: How luxury-home owners dodge foreclosure When the owners of high-end homes fall way behind on their mortgage payments, foreclosure is not a foregone conclusion. Lenders can be more willing to craft a new payment plan to make high-dollar … Continue reading
Posted in Foreclosures, New Jersey Real Estate
33 Comments
Bailouts finally working?
From HousingWire: Programs save 1.5 million homeowners: Obama Housing Scorecard The Obama Administration’s foreclosure mitigation programs continue to provide relief for millions of homeowners in the housing recovery. As a result, the Making Home Affordable Program has assisted more than … Continue reading
Posted in Economics, Housing Recovery, National Real Estate, Politics
20 Comments
March Beige Book
From the Federal Reserve: Beige Book – March 6, 2013 – Second District–New York Economic activity in the Second District has continued to expand at a moderate pace since the last report. Business contacts report some pickup in input price … Continue reading
Posted in Economics, Housing Recovery, New Jersey Real Estate
169 Comments
CoreLogic: New Jersey Home Prices Positive (Case Shiller to follow)
From CoreLogic: CoreLogic Home Price Index Rises by Almost 10 Percent Year Over Year in January CoreLogic® (NYSE: CLGX), a leading residential property information, analytics and services provider, today released its January CoreLogic HPI® report. Home prices nationwide, including distressed … Continue reading
Posted in Economics, Housing Recovery, New Jersey Real Estate
96 Comments
Fiserv – Bold Forecast?
Hat tip to the reader who provided me with the Fiserv Home Price forecast data: Metro Area / 2013-2014 Forecast / 2012 – 2017 Annualized Forecast Atlantic City-Hammonton, NJ Metropolitan Statistical Area / 0.4% / 1.9% Camden, NJ Metropolitan Division … Continue reading
Posted in Economics, Housing Recovery, New Jersey Real Estate
87 Comments
People still want to live here?
From the Star Ledger: Brooklynites planting roots in the Garden State It’s almost like a dating service for people looking for a home. It starts with answering an involved questionnaire that poses the usual questions, such as how many bedrooms … Continue reading
Posted in Demographics, Economics, New Jersey Real Estate
147 Comments
North Jersey Contracts – February 2013
Here it is! The first look at pending home sales (contracts) for Northern NJ. (Source GSMLS, except Bergen- NJMLS) – Updated with 2011 Data February Pending Home Sales (Contracts) ——————————- Bergen County February 2011 – 490 February 2012 – 564 … Continue reading
Posted in Economics, Housing Recovery, North Jersey Real Estate
24 Comments
January Otteau Report
From the Otteau Group: NJ Contract-Sales Activity Starts Off Strong in 2013 Following 2 consecutive months of single digit gains, home purchase activity in New Jersey soared in January with a 23% y-o-y increase in signed purchase-contracts. The smaller gains … Continue reading
Posted in Housing Recovery, New Jersey Real Estate
75 Comments