Monthly Archives: November 2016

So close!

NJ on the cusp of moving to the #2 position for foreclosure inventory. NY looks poised to take the #1 slot any month now. NY Metro Area continues to resolve. From CoreLogic:

Posted in Foreclosures, New Jersey Real Estate, NYC | 144 Comments

NJ Votes!

From the Star Ledger: N.J. votes to dedicate gas tax revenue to transportation projects New Jersey voters on Tuesday approved a constitutional amendment dedicating gas tax proceeds to transportation projects, locking in more than $1 billion a year in new … Continue reading

Posted in Economics, New Jersey Real Estate, Politics | 249 Comments

Election Day!

Please be sure to vote YES today to both Public Questions on today’s ballot: STATE QUESTION NO. 1 – CONSTITUTIONAL AMENDMENT TO PERMIT CASINO GAMBLING IN TWO COUNTIES OTHER THAN ATLANTIC COUNTY Do you approve amending the Constitution to permit … Continue reading

Posted in Price Reduced | 204 Comments

2017- Turning point or much of the same?

From HousingWire: What’s in store for housing in 2017? For the majority of this year, the housing market could not get past low inventory levels, which were continuously cited as the main road block to a fully healthy housing market. … Continue reading

Posted in Demographics, Economics, National Real Estate | 85 Comments

Time to increase loan limits? (Haven’t we heard this somewhere before?)

From the WSJ: Home Builders Say Federal Loan Limits Shut Out Many Buyers At the New Haven housing development in Ontario, Calif., Brookfield Residential is building 189 townhomes priced below $378,000. So far, the moderately priced homes have sold at … Continue reading

Posted in Mortgages, National Real Estate, New Development, Risky Lending | 194 Comments

What bubble?

From HousingWire: Median home prices finally pass housing boom levels, hit all-time high Home prices hit a new all-time high, finally surpassing the pre-recession peak, according to the Q3 2016 U.S. Home Sales Report from ATTOM Data Solutions, a source … Continue reading

Posted in Housing Bubble, National Real Estate | 138 Comments

We’re in the money!

From CNBC: Homeowners twice as house rich as five years ago America’s housing market is heating up again, fortifying the finances of current homeowners and frustrating potential first-time buyers. After hitting bottom in 2012, home prices took off dramatically before … Continue reading

Posted in Economics, National Real Estate | 142 Comments

Market strong, but what about prices?

From the Otteau Group: MarketNEWS October 31, 2016 Edition NJ Purchase Contracts in September Strongest in over 11 Years In September, the number of contract purchases by homebuyers exceeded the same month in the prior year for the 25th consecutive … Continue reading

Posted in New Jersey Real Estate | 128 Comments