Monthly Archives: August 2016

Does housing make a middle class? Or does the middle class make housing?

Posted on August 12, 2016 by grim

From the WSJ: Lopsided Housing Rebound Leaves Millions of People Out in the Cold The housing recovery that began in 2012 has lifted the overall market but left behind a broad swath of the middle class, threatening to create a … Continue reading →

Posted in Demographics, Economics, Housing Recovery, New Jersey Real Estate | 101 Comments

Sandy Who?

Posted on August 11, 2016 by grim

From the Washington Post: Four years after Sandy, the coastal real estate market is recovering Hurricane Sandy stretched from the central Appalachians well into New England when it came ashore nearly four years ago, tearing through thousands of homes and … Continue reading →

Posted in Housing Recovery, Shore Real Estate | 104 Comments

Foreclosures at 9 year low

Posted on August 10, 2016 by grim

From HousingWire: Corelogic: Foreclosure inventory finally back to housing-boom levels Foreclosure inventory declined yet again in June, but completed foreclosures, while down from last year, increased from last month, according to CoreLogic, property information, analytics and data-enabled solutions provider. CoreLogic’s … Continue reading →

Posted in Foreclosures, Housing Recovery, National Real Estate | 107 Comments

Good Riddance to the Hamilton Projects

Posted on August 8, 2016 by grim

From the Record: Rebirth of an urban neighborhood in Paterson Growing up in Paterson, Sandra Drysdale had lots of friends living in the Alexander Hamilton housing complex. But what she heard about crime and drug-dealing there made her afraid to … Continue reading →

Posted in Housing Recovery, New Development, North Jersey Real Estate | 95 Comments

Dirt gets more expensive

Posted on August 6, 2016 by grim

From the WSJ: Low Supply Lifts Housing Lot Prices To a Record The prices home builders pay for single-family lots hit a record high in the U.S. last year, a sign that a scarce supply of developed land is pushing … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate | 67 Comments

Should we even bother saving AC?

Posted on August 5, 2016 by grim

From the APP: Icahn: Union got Taj Mahal workers to kill own jobs Billionaire investor Carl Icahn wrote a letter Thursday to the soon-to-be unemployed workers of the Trump Taj Mahal casino, accusing their union of inciting them to destroy … Continue reading →

Posted in Shore Real Estate, Unrest | 43 Comments

Maybe real estate just always sucks?

Posted on August 4, 2016 by grim

From MarketWatch: It’s a seller’s real-estate market, but who’s selling? Even though the U.S. has seen more than three years of a booming seller’s market for housing, there are plenty of Americans who are reluctant to sell their homes for … Continue reading →

Posted in Demographics, Economics, Housing Recovery, National Real Estate | 52 Comments

Clear ’em out

Posted on August 3, 2016 by grim

From Dow Jones: Foreclosures Drop in New York and New Jersey as Courts Pick Up Pace dward Navarro, a former telephone clerk on the New York Stock Exchange, has been facing foreclosure on his attached two-family house in Woodhaven, Queens, … Continue reading →

Posted in Foreclosures, Housing Recovery, New Jersey Real Estate, NYC | 63 Comments

Housing Development Dips

Posted on August 2, 2016 by grim

From the Record: NJ home construction running 17% below last year’s pace After a dramatic, four-year rebound from the worst housing downturn in generations, home construction in New Jersey has fallen back this year, running about 17 percent behind 2015’s … Continue reading →

Posted in Housing Recovery, New Development, New Jersey Real Estate | 59 Comments

Money See Money Do

Posted on August 1, 2016 by grim

From CNBC: Real estate buying habits linked to people’s Facebook behavior Call it fear of missing out — on housing investments. Our decisions about buying property are heavily influenced by our social media networks, according to new research from economists … Continue reading →

Posted in Demographics, Economics, Housing Recovery | 59 Comments