Monthly Archives: May 2017

National home prices hit 33 month high

Posted on May 31, 2017 by grim

From CNBC: Growth in US home prices continues in March, reaching 33-month high U.S. home prices rose slightly less than what was anticipated for the month of March, according to new data from the S&P/Case-Shiller U.S. National Home Price Index. … Continue reading →

Posted in Demographics, Economics, National Real Estate | 84 Comments

How your tax dollars are spent to protect the wealthy

Posted on May 30, 2017 by grim

From Climate Central: How Rising Seas Drowned the Flood Insurance Program Long Beach Island is the largest and richest barrier island in New Jersey, an oasis of sprawling oceanfront retreats and second homes located midway down the state’s heavily developed … Continue reading →

Posted in Politics, Risky Lending, Shore Real Estate | 22 Comments

Philly the reason for South Jersey’s slump?

Posted on May 29, 2017 by grim

From Philly.com: Despite vibrancy in Philly’s suburbs, home values still struggle If the massive cluster of new housing, shops, and restaurants rising in King of Prussia is any indication, the suburbs are as prosperous as ever. There, as elsewhere across … Continue reading →

Posted in Economics, Housing Recovery, South Jersey Real Estate | 9 Comments

Access = Prosperity

Posted on May 27, 2017 by grim

From the Star Ledger: What causes income inequality among similar N.J. towns? Railroads have historically been instrumental to human development by connecting economic centers and providing people with enhanced access to opportunities. New Jersey is no exception. In the 1830s, … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate | 48 Comments

The New Newark

Posted on May 26, 2017 by grim

From the NYT: Work for Audible, Live Rent-Free? Would you live in Newark if your boss paid your rent for a year? That was the question that Audible.com, the audiobook company, posed to its workers when it announced a housing … Continue reading →

Posted in Demographics, Economics, New Development, New Jersey Real Estate | 28 Comments

If not for immigrants, NJ would be sunk

Posted on May 25, 2017 by grim

From the Star Ledger: Immigration is the only thing keeping N.J.’s population afloat, data shows New Jersey came closer to reaching nine million residents last year, but the state’s meager growth slowed its pace toward that milestone, according to new … Continue reading →

Posted in Demographics, New Jersey Real Estate | 15 Comments

Does this explain the construction gap?

Posted on May 23, 2017 by grim

From Bloomberg: Foreclosures Dry Up and a Hot Wall Street Trade Gets New Look It was a rare lucrative business for Wall Street in the aftermath of the financial crisis: snapping up properties in foreclosure and renting them out. So … Continue reading →

Posted in Demographics, Economics, National Real Estate, New Development | 145 Comments

Shiller on the origins of housing’s animal spirits

Posted on May 21, 2017 by grim

From the New York Times: How Tales of ‘Flippers’ Led to a Housing Bubble There is still no consensus on why the last housing boom and bust happened. That is troubling, because that violent housing cycle helped to produce the … Continue reading →

Posted in Housing Bubble, National Real Estate | 52 Comments

The building boom cometh

Posted on May 19, 2017 by grim

From Builder Magazine: REALTORS: EXISTING HOME SALES TO RISE 3.5% THIS YEAR. Job gains and improving household confidence are expected to guide existing-home sales to a decade high in 2017, but supply and affordability headwinds and modest economic growth are … Continue reading →

Posted in National Real Estate, New Development | 77 Comments

Buy? Buy what?

Posted on May 18, 2017 by grim

From CNBC: Real estate CEO: Record-low housing inventory is ‘freaking us out’ The number of homes for sale in America has been falling steadily for the past year, but the situation is apparently getting much worse as spring demand heats … Continue reading →

Posted in Economics, National Real Estate, Unrest | 89 Comments

Foreclosure crisis completely behind us now?

Posted on May 17, 2017 by grim

From HousingWire: Homeowners keep getting better at paying their mortgage Consumers are steadily getting better at paying their mortgage with fewer and fewer loans moving into foreclosure, according to the Mortgage Bankers Association’s latest National Delinquency Survey. The report found … Continue reading →

Posted in Economics, Foreclosures, Housing Recovery | 87 Comments

America loves houses again

Posted on May 16, 2017 by grim

From HousingWire: Realtors: Homebuyers flooded housing market in first quarter The first quarter of 2017 saw the strongest quarterly home sales pace in a decade, according to the latest quarterly report from the National Association of Realtors. This increase in … Continue reading →

Posted in Demographics, Economics, Employment, Housing Recovery, National Real Estate | 101 Comments

Armageddon for NJ

Posted on May 15, 2017 by grim

From the APP: NJ suburbs: Endangered because of millennials? New Jersey’s suburbs, with their sprawling single-family homes and regional malls built to attract baby boomers, need to be re-engineered for a new generation that wants to ditch its cars and … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate | 103 Comments

Big price jumps on Long Island – Sustainable?

Posted on May 12, 2017 by grim

From Newsday: LI home prices jump in April as inventory plummets: MLS The number of homes listed for sale on Long Island plummeted last month, driving up prices as buyers competed for scarce listings, the Multiple Listing Service of Long … Continue reading →

Posted in Economics, National Real Estate, NYC | 117 Comments

Fake it until you make it, or lose it again

Posted on May 9, 2017 by grim

Or, you just can’t fix stupid. From the NY Post: Repeat foreclosures in the city have reached an all-time high New York homeowners are in default mode — again. The city leads the nation in repeat foreclosure filings And the … Continue reading →

Posted in Foreclosures, NYC | 183 Comments