Monthly Archives: August 2017

So it wasn’t subprime?

Posted on August 31, 2017 by grim

From Quartz: House flippers triggered the US housing market crash, not poor subprime borrowers The grim tale of America’s “subprime mortgage crisis” delivers one of those stinging moral slaps that Americans seem to favor in their histories. Poor people were … Continue reading →

Posted in Foreclosures, Housing Bubble, National Real Estate, Risky Lending | 88 Comments

Case Shiller Day!

Posted on August 29, 2017 by grim

From Marketwatch: Home price gains were hot in June as Seattle sizzled, Case-Shiller says U.S. home price growth picked up steam in June as strong demand continued to buoy the market. The S&P/Case-Shiller 20-city index rose a seasonally adjusted 5.7% … Continue reading →

Posted in Economics, National Real Estate | 81 Comments

Hoboken as expensive as Manhattan?

Posted on August 28, 2017 by grim

From HousingWire: New York vs New Jersey — we did the math on where it’s cheapest for commuters to live New York City is the most expensive and the most populated city in America. About 3 million people work in … Continue reading →

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

Existing Home Sales Tank

Posted on August 25, 2017 by grim

From CNBC: US existing home sales unexpectedly fall in July U.S. home resales unexpectedly fell in July to their lowest monthly level of the year due to a lack of properties for sale, which also continued to push up prices. … Continue reading →

Posted in Economics, National Real Estate | 113 Comments

This makes my head hurt

Posted on August 24, 2017 by grim

From the Real Deal: This is the salary you need to earn to buy a home right now in New York, Miami and LA Using the National Association of Realtors’ data on housing affordability, Business Insider gathered a list of … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate, Where's the Beef? | 70 Comments

Livin’ large

Posted on August 23, 2017 by grim

From Bloomberg: Millennial Americans Are Moving to the ‘Burbs, Buying Big SUVs Millennials are finally starting their own baby boom and heading for the suburbs in big sport utility vehicles, much like their parents did. Americans aged about 18 to … Continue reading →

Posted in Demographics, Economics, National Real Estate | 51 Comments

But, can you afford NJ on these jobs?

Posted on August 21, 2017 by grim

From the APP: NJ becoming the warehouse state, and that means more jobs School supplies, shoes, clothing and home decor – Freehold Township resident Blythe Aguayo buys everything online these days. “I get home from work and my kids will … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate | 93 Comments

New homes were never cheap

Posted on August 18, 2017 by grim

From CNBC: As housing affordability weakens, more buyers are left out in the cold The cost of housing is rising at a fast clip, and nowhere is it more apparent than in the market for newly built homes. Sales there … Continue reading →

Posted in Demographics, Economics, National Real Estate, New Development | 89 Comments

Up Up and Away!

Posted on August 17, 2017 by grim

From HousingWire: Home prices hit yet another new all-time high Home prices increased in the second quarter of 2017 to yet another all-time high due to low levels of housing supply, according to the latest quarterly report from the National … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 34 Comments

Long Island prices jump

Posted on August 16, 2017 by grim

From Newsday: Home prices jump 9.8% in Nassau, rise 5.8% in Suffolk The median home price in Nassau County jumped nearly 10 percent last month compared to a year ago, as limited supply continued to drive prices up. The median … Continue reading →

Posted in Economics, National Real Estate, NYC | 94 Comments

Smaller down payments gaining popularity

Posted on August 15, 2017 by grim

From CNBC: Homebuyers put less and less skin in the game, adding to the market’s overall risk It feels like deja vu in mortgage land all over again. Homebuyers are increasingly opting to put less money down when purchasing their … Continue reading →

Posted in Housing Bubble, National Real Estate, Risky Lending | 77 Comments

School are shrinking – why aren’t taxes dropping?

Posted on August 13, 2017 by grim

From RT40: Mapping New Jersey’s Shrinking School Districts More than half of New Jersey’s school districts have shrunk in the last six years, reflecting wider population moves toward urban areas as well as net migration from the state. School districts … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate, Property Taxes | 51 Comments

Wise up NJ, or get left behind.

Posted on August 11, 2017 by grim

From the Record: New Jersey’s suburban economy’s existential crisis A new study suggests that New Jersey could expand its economy by $150 billion and create a quarter-million new jobs over the next decade by making a number of policy changes … Continue reading →

Posted in Demographics, Economics, New Development, New Jersey Real Estate | 49 Comments

Not iffy, recovering, but slowly

Posted on August 10, 2017 by grim

From NJ101.5: The bright side of NJ’s iffy housing market Featuring a worst-in-the-nation foreclosure rate and a significant inventory shortage, New Jersey’s housing market is far from perfect and still reeling from the economic downturn of late last decade. But, … Continue reading →

Posted in Economics, New Jersey Real Estate | 68 Comments

New York – Highest Foreclosure Rate in the Nation

Posted on August 9, 2017 by grim

CoreLogic released their monthly delinquency data yesterday, deep in there was an important little stat on the overall foreclosure rate, which NJ has been at the top of the charts for the last two years. For at least the last … Continue reading →

Posted in Foreclosures, New Jersey Real Estate | 66 Comments