Monthly Archives: August 2016

National Home Prices up 5.1% YOY

Posted on August 31, 2016 by grim

From Bloomberg: US home price gains ease in June: S&P/Case-Shiller The pace of U.S. home price gains slowed in June from the previous month, but strong appreciation in the West and South kept growth above the two-year average, according to … Continue reading →

Posted in Economics, National Real Estate | 70 Comments

West Coast the New East Coast?

Posted on August 30, 2016 by grim

From HousingWire: Here are the 10 hottest housing markets that fueled a record-breaking August The hottest housing market in America right now might still be Vallejo-Fairfield, California [San Fran area] but this doesn’t mean the rest of the list stood … Continue reading →

Posted in Economics, National Real Estate | 65 Comments

Affordable Suburbia

Posted on August 29, 2016 by grim

From the Record: Garden apartments help shape the N.J. landscape In North Jersey, garden apartment buildings are a little like pizzerias — there’s at least one in every town. These two-story rectangles, usually faced with brick and set on grassy … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate | 33 Comments

Good thing millennials don’t want houses, because they can’t afford them.

Posted on August 28, 2016 by grim

From Forbes: Millennials Pessimism Could Spell Trouble For The U.S. Housing Market Home prices in many places have been steadily rising, buoyed by a growing economy, low interest rates and a chronic lack of inventory in some markets. While that … Continue reading →

Posted in Demographics, Economics, National Real Estate | 75 Comments

I love the smell of bulldozers in the morning

Posted on August 26, 2016 by grim

From Philadelphia Business Journal: Final phase of mass demolition to get underway in Camden Camden officials are moving forward with the final phase of an ambitious plan to tear down a total of 591 derelict structures in the South Jersey … Continue reading →

Posted in Economics, New Jersey Real Estate | 105 Comments

Ritholtz: “Many people should buy a home”

Posted on August 25, 2016 by grim

From Ritholtz over at Bloomberg View: Still a Lot of Negativity on Housing There has been a steady drumbeat of negativity about housing ever since the residential real-estate market crashed. While there are some signs of recovery, psychological damage persists. … Continue reading →

Posted in Housing Recovery, National Real Estate | 69 Comments

New Home Sales at 9 Year High

Posted on August 24, 2016 by grim

From the WSJ: U.S. New Home Sales Rise to Highest Level Since 2007 Sales of newly built homes rose in July to the highest level in nearly a decade, a sign of solid momentum in the U.S. housing market. Purchases … Continue reading →

Posted in Economics, Employment, Housing Recovery, National Real Estate | 196 Comments

As go jobs, so goes housing?

Posted on August 23, 2016 by grim

From DS News: Are Low Foreclosure Rates Due to the Job Market? With foreclosure starts being at their lowest level since 2000, Fannie Mae reports that the major drop in foreclosures can be tied to a number of economic factors, … Continue reading →

Posted in Economics, Employment, National Real Estate | 82 Comments

Newark Rising?

Posted on August 22, 2016 by grim

From the NYT: In Newark, a New Chapter Unfolding In Newark’s Central Ward, not far from the site of the 1967 riots, a market-rate rental building opened earlier this year with 152 apartments and its name, 24 Jones, emblazoned in … Continue reading →

Posted in Demographics, Economics, Housing Recovery, New Jersey Real Estate | 79 Comments

Don’t count the middle class out yet

Posted on August 21, 2016 by grim

From the NYT: Middle-Income Jobs Finally Show Signs of a Rebound The American economy is finally creating more middle-income jobs, according to a new analysis released Thursday by the Federal Reserve Bank of New York, in a turnabout from the … Continue reading →

Posted in Demographics, Economics, Employment, Housing Recovery, New Jersey Real Estate, NYC | 45 Comments

Northeast not what she used to be

Posted on August 19, 2016 by grim

From the Atlantic: An Unsteady Future for New England’s Suburbs The house is a perfect Colonial, white with green shutters, with five bedrooms, a pool, and a spacious lawn. A decade ago, it would have flown off the market. These … Continue reading →

Posted in Demographics, Economics, Employment, Housing Recovery | 106 Comments

June not a good month for Jersey jobs

Posted on August 18, 2016 by grim

From the Record: N.J. employment drops by 4,700 jobs New Jersey employment declined by 4,700 jobs in July, according to preliminary data from the United States Bureau of Labor Statistics, following a strong jobs report in June. The jobless rate … Continue reading →

Posted in Economics, New Jersey Real Estate | 61 Comments

LI Market Burnout?

Posted on August 17, 2016 by grim

From LI Business News: LI home prices fall along with sales The median prices of Long Island homes contracted for sale in July dropped as the number of sales also declined as compared with the previous month. In Nassau County, … Continue reading →

Posted in Economics, Housing Recovery, New Jersey Real Estate, NYC | 87 Comments

Schools, schools, schools.

Posted on August 16, 2016 by grim

From CBS MoneyWatch: How great school districts boost home prices You’ve heard that location is the most important thing to consider when buying a home? New research says that may be true only if that location happens to be in … Continue reading →

Posted in Demographics, Economics, National Real Estate | 100 Comments

So much for dragging out foreclosures

Posted on August 15, 2016 by grim

From the APP: NJ leads nation in quarterly foreclosure starts New Jersey led the nation in foreclosure starts in the second quarter, as the mortgage industry continues to deal with a backlog of loans that went bad in the housing … Continue reading →

Posted in Foreclosures, Housing Recovery, New Jersey Real Estate | 51 Comments