Monthly Archives: March 2014

Affording the unaffordable – HAMP fails again

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.

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

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…

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?

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

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

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

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

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