Monthly Archives: March 2014

Affording the unaffordable – HAMP fails again

Posted on March 11, 2014 by grim

Calling HAMP the flagship program is a bit of a joke since it’s been a failure since day 1. From the Washington Post: With clock ticking on mortgage relief, homeowners wonder what’s ahead Five years after the federal government bailed … Continue reading →

Posted in Economics, Foreclosures, Housing Recovery, Risky Lending | 57 Comments

Rent your shore house yet? If not, too late.

Posted on March 10, 2014 by grim

From the Star Ledger: Jersey Shore rental homes going fast despite harsh New Jersey winter With such a bitter winter, vacationers are ahead of the game and already booking their rental houses down at the shore. From Sea Isle City … Continue reading →

Posted in Economics, New Jersey Real Estate, Shore Real Estate | 64 Comments

Number of underwater borrowers continue to decline

Posted on March 7, 2014 by grim

From MarketWatch: Homes in five states account for more than one-third of negative equity across U.S. First, the good news: Rapidly rising home prices last year helped millions of troubled homeowners regain equity in their properties, data released Thursday show. … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate | 131 Comments

Good riddance, who needs you anyway…

Posted on March 6, 2014 by grim

From the Record: New Jersey lost almost 88,000 taxpayers with income of $5.5 billion to other states in 2010, according to a report by RegentAtlantic Capital LLC, a Morristown-based investment adviser, citing Internal Revenue Service data. About 41 percent of … Continue reading →

Posted in Demographics, Economics, Property Taxes | 80 Comments

2014 going to be another good year?

Posted on March 5, 2014 by grim

From HousingWire: CoreLogic: Home price appreciation strongest since 2006 CoreLogic’s Home Price Index shows that home prices nationwide, including distressed sales, increased 12% in January 2014 compared to January 2013. This marks 23 months of consecutive year-over-year increases in home … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate | 48 Comments

Subprime 2.0

Posted on March 4, 2014 by grim

From the Huffington Post: Wall Street Has Found Its Latest Dangerous Financial Product, Activists Warn Housing and consumer activists warn that Wall Street is about to crash the housing market — again. The activists said they are particularly concerned about … Continue reading →

Posted in Housing Bubble, Risky Lending | 59 Comments

Out of sight, out of mind

Posted on March 3, 2014 by grim

From the Star Ledger: Chris Christie signs order to speed razing of Sandy-damaged homes Calling Hurricane Sandy-damaged homes that have not yet been torn down an “ongoing emergency,” Gov. Chris Christie signed an executive order aimed at speeding up the … Continue reading →

Posted in New Jersey Real Estate, Politics | 63 Comments

Geography Lesson

Posted on March 1, 2014 by grim

Can’t seem to find NJ anymore, can someone help? (click to enlarge)

Posted in Economics, Foreclosures, New Jersey Real Estate, Politics | 68 Comments