Category Archives: Foreclosures

Almost Number 1

From NJ1015: NJ foreclosure rate 2nd-highest in U.S. for March, and all of Q1 New Jersey trailed only Illinois for the highest foreclosure rate in the United States over the first quarter of 2022 as backlogs from pandemic moratoriums continued … Continue reading

Posted in Economics, Foreclosures, New Jersey Real Estate | 343 Comments

NJ #3 in post-pandemic foreclosures

From the Philly Inquirer: Foreclosure starts tick up in Pennsylvania, N.J., and nationwide Three months after the end of a federal foreclosure moratorium intended to keep people in their homes during the pandemic, foreclosure activity continues to increase across the … Continue reading

Posted in Economics, Foreclosures, New Jersey Real Estate | 362 Comments

Nothing to see here

From the MPA: Which housing markets have been most vulnerable to COVID? The housing markets in Illinois, New Jersey and Delaware counties are more vulnerable to the impact of the ongoing coronavirus pandemic than elsewhere in the US, according to … Continue reading

Posted in Demographics, Economics, Foreclosures, National Real Estate | 362 Comments

Delinquencies at 20 year low

From CoreLogic: The States Leading in Nationwide Delinquency Rate Drops The overall delinquency rate was 3.8% nationwide in September, down from 4.4% a year earlier and the lowest for the month of September in more than 20 years, according to the latest … Continue reading

Posted in Economics, Foreclosures, National Real Estate, Risky Lending | 67 Comments

Slay the Zombies

From HousingWire: ATTOM: Zombie foreclosures are ticking down The amount of vacant homes in the U.S. continues to sit at a lull, slowly ticking down, according to a new data set from ATTOM Data Solutions.  In the fourth quarter of 2019, … Continue reading

Posted in Economics, Foreclosures, Housing Recovery, National Real Estate | 95 Comments

Millennials – Still no home for you

From Curbed: Sorry, millennials: A recession won’t help you buy a house The 2008 financial crisis brought the global economy to its knees and sent American home prices into freefall. For anyone who managed to hang on to their job, savings, … Continue reading

Posted in Demographics, Economics, Foreclosures, National Real Estate | 86 Comments

Insanity

From HousingWire: Appraisals may soon not be required on certain home sales of $400,000 and under Certain home sales of $400,000 and under may soon not need an appraisal, as federal regulators are close to approving a proposal to increase … Continue reading

Posted in Economics, Foreclosures, Housing Bubble, Mortgages, National Real Estate | 44 Comments

Most stable market in…forever?

From CNBC: Housing-market distress is at its lowest in at least 20 years — can it hold?  In the aftermath of the housing crisis, lenders and regulators clamped down hard to make sure we’d never have another bubble like the … Continue reading

Posted in Demographics, Economics, Employment, Foreclosures, National Real Estate | 98 Comments

Faster foreclosures come to NJ

From the Star Ledger: Murphy hopes these new laws will put an end to N.J.’s dubious distinction as the nation’s leader in home foreclosures Gov. Phil Murphy signed a package of measures into law Monday that aim to prevent New Jersey from … Continue reading

Posted in Economics, Foreclosures, New Jersey Real Estate, Politics | 152 Comments

Crisis officially over?

From Inman: Delinquency rates fall to pre-housing crisis levels: CoreLogic The number of homeowners failing to make mortgage payments has dipped to levels unseen since before the 2008 housing crisis. Nationwide, only 4.1 percent of homeowners were delinquent on their mortgage in December, … Continue reading

Posted in Economics, Foreclosures, Mortgages, National Real Estate, Risky Lending | 61 Comments

Don’t believe the hype?

From MarketWatch: Why the housing and mortgage crisis is far from over With major data providers reporting that mortgage delinquencies continue to decline, Wall Street and the pundits are more convinced than ever that the mortgage crisis is dead and … Continue reading

Posted in Foreclosures, National Real Estate, NYC | 64 Comments

Predictions 2019!

This is becoming a tradition around here, so here we go again! You know how this works, break out the crystal balls and prognosticate. Ground Rules Predictions provided should either be for June 30th, 2019 or December 31st, 2019, please … Continue reading

Posted in Demographics, Economics, Employment, Foreclosures | 95 Comments

The “fix” is easy

The fix is to allow lenders to foreclose without requiring approval of the judiciary, everything else is a gimmick and give-away, like this from NJ101.5: HOW CAN WE FIX SOUTH JERSEY’S TROUBLING FORECLOSURE MESS? A new report finds the foreclosure … Continue reading

Posted in Economics, Foreclosures, South Jersey Real Estate | 64 Comments

Foreclosure problem, or borrowing problem?

From MarketWatch: A decade after the housing crisis, foreclosures still haunt homeowners Maria Landi, a 75-year-old retired insurance specialist, and her husband John, had been making payments on their East Brunswick, New Jersey home for 40 years when Wells Fargo … Continue reading

Posted in Economics, Foreclosures, New Jersey Real Estate | 99 Comments

We’re #1! In flipped properties.

From NJ101.5: Home flipping down, but not in New Jersey Home “flipping” — buying and selling a dwelling quickly after renovations for a profit — is slowing in most parts of the country. But flipping activity in New Jersey is … Continue reading

Posted in Demographics, Economics, Foreclosures, New Jersey Real Estate | 64 Comments