Monthly Archives: October 2014

Oh hell no

This one was completely random, caught my eye scrolling through news stories this morning, from CNN: Straight out of a nightmare: 5,000 brown recluse spiders inside home A home in an upscale Weldon Spring neighborhood that has been overrun by … Continue reading

Posted in Humor | 57 Comments

Time to leave South Jersey?

From the Press of Atlantic City: Atlantic County foreclosure rate second-highest in nation As Atlantic City’s decline drew national attention in August, the area rose to national prominence in another metric. One out of every 292 Atlantic County homes was … Continue reading

Posted in Economics, Employment, Foreclosures, South Jersey Real Estate | 19 Comments

Rental prices continue to outpace purchase prices

From HousingWire: Cost to rent rising faster than home prices Nationally, asking prices for condos rose 7.3% year-over-year in September, according to Trulia’s (TRLA) latest rent and price monitor. That’s more than the 6% increase for single-family homes. Asking prices … Continue reading

Posted in Demographics, Economics, Housing Recovery | 99 Comments

Come and get it!

From HousingWire: Credit nation? HELOCs up 20.6% year-over-year A total of 797,865 home equity lines of credit were originated nationwide, up 20.6% from a year ago and the highest level since the 12 months ending June 2009, according to RealtyTrac. … Continue reading

Posted in Mortgages, Risky Lending | 72 Comments

Roll the dice

From the APP: What superstorm? New homes on fast track on LBI It’s looking like the good ol’ days on Long Beach Island, before there was a Great Recession and such a thing as a superstorm. Nearly two years ago … Continue reading

Posted in Housing Recovery, Shore Real Estate | 108 Comments

Move over NYC

From the NY Yimby: North Jersey Builds a Lot of Housing, and Here’s How They Do It The pace of new residential construction is picking up in New York City, but it’s the west side of the Hudson that is … Continue reading

Posted in Demographics, Economics, New Development, New Jersey Real Estate | 71 Comments

Everyone but Americans want a piece

From the NY Times: Indians Join the Wave of Investors in Condos and Homes in the U.S. Arun Kumar owns three apartments in New Delhi, where he has carved out a comfortable life as part of India’s rapidly expanding middle … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate | 67 Comments

Seismic shift? Really?

From See how N.J.’s population is undergoing a seismic shift New Jersey’s population has started to contract back toward its urban core for the first time since the end of the second World War, new research shows, in what … Continue reading

Posted in Demographics, Economics, Housing Recovery, New Jersey Real Estate | 93 Comments

“I can get a lot of house there without spending a lot of money.”

From HousingWire: Chinese investors remain an X Factor for the US housing market his year, for the first time, the Chinese surpassed Canadians as the top investors in American residential real estate. According to the National Association of Realtors, during … Continue reading

Posted in Demographics, Economics, National Real Estate | 115 Comments

July home prices continue cooling trend, still up strongly from last year

From the WSJ: U.S. Home Price Growth Slows Again in July, Says S&P/Case-Shiller The yearly growth in home prices across the U.S. slowed more than expected in the middle of summer, according to a home price report released Tuesday. The … Continue reading

Posted in Demographics, Economics, Housing Recovery, National Real Estate | 94 Comments