Monthly Archives: June 2015

Sitting on your ass not a viable economic strategy?

Posted on June 13, 2015 by grim

From Bloomberg: New Jersey, You Should’ve Built That Tunnel There are lots of reasons for bondholders to love Colorado and show no respect for New Jersey. Here’s a big one: infrastructure. Colorado made a huge investment in it and is … Continue reading →

Posted in Economics, New Jersey Real Estate, Politics | 28 Comments

Uh Oh – Now they did it…

Posted on June 12, 2015 by grim

Famous last words, from Gothamist: The Brooklyn Real Estate Bubble Will Never Pop The housing crash of the late 2000s was supposed to have decimated property values across the nation. But in Brooklyn, the housing market barely broke its stride. … Continue reading →

Posted in Economics, Housing Bubble, NYC | 118 Comments

9 years of foreclosure inventory in NJ

Posted on June 11, 2015 by grim

From Black Knight Mortgage Monitor Black Knight’s April Mortgage Monitor: 62 Percent of Seriously Delinquent Loans Have Undergone Home Retention Actions; Florida Sees Greatest Backlog Improvement This month, Black Knight examined the most recent data on home retention actions — … Continue reading →

Posted in Foreclosures, Housing Recovery, New Jersey Real Estate, Risky Lending | 126 Comments

Clinton did it…

Posted on June 10, 2015 by grim

From the WSJ (Hat tip Moose): They Put a Face on the ’90s Homeownership Push. Then They Lost Their Home This month marks 20 years since President Bill Clinton unveiled his “National Homeownership Strategy,” a 100-point action plan that put … Continue reading →

Posted in Foreclosures, Housing Bubble, National Real Estate, Politics, Risky Lending | 104 Comments

Homeownership rate to fall even lower

Posted on June 9, 2015 by grim

From the WSJ: New Housing Headwind Looms as Fewer Renters Can Afford to Own Last decade’s housing crisis could give way to a new one in which many families lack the incomes or savings needed to buy homes, creating a … Continue reading →

Posted in Demographics, Economics, Housing Recovery, National Real Estate | 161 Comments

Maybe it’s not so bad after all?

Posted on June 6, 2015 by grim

From the Record: Economy gaining steam; U.S. job figures best in five months and N.J. is catching up The better-than-expected U.S. job numbers released Friday echoed positive trends in New Jersey and boosted confidence that the economy in the state, … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 85 Comments

Newark Gentrification?

Posted on June 5, 2015 by grim

From the Star Ledger: ‘Renaissance’ or ‘gentrification’?: Panel to take on narratives surrounding Newark redevelopment Is Newark on its way to becoming the new Brooklyn? Or will it be, as city officials are fond of saying, “Newark 3.0”? … Entitled … Continue reading →

Posted in Demographics, Economics, Housing Recovery, New Development | 117 Comments

Down payments fall, more buying with less

Posted on June 4, 2015 by grim

From HousingWire: RealtyTrac: Average down payment falls to three-year low The average down payment for single-family homes, condos and townhomes purchased in the first quarter fell to 14.8% of the purchase price, a slight dip from 15.2% the previous quarter … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate | 138 Comments

April Home Prices Heat Up

Posted on June 3, 2015 by grim

From MarketWatch: U.S. house prices accelerate in April, CoreLogic says U.S. house prices accelerated further in April, as low inventories and growing sales push costs higher, a leading data provider said Tuesday. CoreLogic reported a 2.7% monthly advance to take … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate | 224 Comments

3 New North Jersey Casinos to Save AC

Posted on June 2, 2015 by grim

From the Star Ledger: Lawmakers now want 3 casinos in northern N.J. Several state lawmakers who want to allow casino gambling outside of Atlantic City are now seeking as many as three casinos in northern New Jersey — up from … Continue reading →

Posted in Demographics, Economics, New Development, Politics, Property Taxes | 181 Comments

Rich not spending

Posted on June 1, 2015 by grim

From Bloomberg: Frugality of High Earners in U.S. Shows Long Shadow of Recession The nearly rich aren’t spending nearly enough, a trend that’s weighing on U.S. growth. Six years after the worst recession since the 1930s, Americans who earn $100,000 … Continue reading →

Posted in Demographics, Economics, National Real Estate | 139 Comments