Category Archives: Housing Bubble

Bubble 2.0? Not likely

Posted on January 8, 2013 by grim

From HousingWire: Clear Capital: Price recovery in most housing markets will slow down Despite beginning the year with market lows, most home prices gained momentum toward the end up 2012, finishing the year at 4.9% year-over-year price gains. Some markets, … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 99 Comments

Booyah, ’nuff said.

Posted on October 23, 2012 by grim

Booyah Bob – Circa 2006: Anonymous says: August 18, 2006 at 12:31 pm Spin this one. “I believe area home sellers are just going to have to get used to these new market conditions because it’s not likely to change … Continue reading →

Posted in Economics, Housing Bubble, Housing Recovery, New Jersey Real Estate | 97 Comments

Has the starter home returned to North Jersey?

Posted on August 6, 2012 by grim

From the Record: The return of the under-$300,000 house in Bergen, Passaic counties Tired of paying rent, Jorge and Christine Garcia saved up and recently bought their first home: a move-in-ready colonial in Bogota. Though the property had sold for … Continue reading →

Posted in Economics, Housing Bubble, Housing Recovery, North Jersey Real Estate | 158 Comments

NAHB: Fix housing or the kids get it

Posted on June 25, 2012 by grim

From HousingWire: NAHB: Housing slump linked to student debt The dramatic rise in student loan debt stems from the fact that parents of college-aged students are financially strapped and no longer able to help with tuition after losing thousands of … Continue reading →

Posted in Economics, Housing Bubble | 86 Comments

Families hit hard where it hurts … in the wallet

Posted on June 13, 2012 by grim

From Bloomberg: http://www.bloomberg.com/news/2012-06-11/fed-says-family-wealth-plunged-38-8-in-2007-2010-on-home-values.html The financial crisis wiped out 18 years of gains for the median U.S. household net worth, with a 38.8 percent plunge from 2007 to 2010 that was led by the collapse in home prices, a Federal Reserve … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 145 Comments

8 house price indexes, no clear direction

Posted on June 5, 2012 by grim

From the WSJ: Home-Price Scorecard: A Turning Market, But Which Way? (click for graphic) Our latest price scorecard raises the question of whether a real or false spring is under way. The March numbers, which show the percentage change in … Continue reading →

Posted in Economics, Housing Bubble, Housing Recovery, National Real Estate | 290 Comments

And so it begins…

Posted on June 1, 2012 by grim

Hat tip PGC

Posted in Economics, Housing Bubble, North Jersey Real Estate | 294 Comments

Tough Decisions

Posted on March 18, 2012 by grim

From the APP: Some NJ homeowners left under water as market prices fall Cynthia Spratt, a single mother of two, recently considered putting her Toms River home on the market and moving inland so that she could avoid the expense … Continue reading →

Posted in Economics, Housing Bubble | 14 Comments

Thursday Morning Grim

Posted on February 9, 2012 by grim

From CNBC (via Business Insider): New York Housing Market Could Still Collapse: Analyst There’s been a lot of talk recently about home prices reaching a bottom. Most notably, Bill McBride at Calculated Risk — perhaps the most respected housing market … Continue reading →

Posted in Foreclosures, Housing Bubble, New Jersey Real Estate, Risky Lending | 172 Comments

CoreLogic: December Home Prices

Posted on February 3, 2012 by grim

From CoreLogic (no link): CoreLogic® Home Price Index Shows Fifth Consecutive Month-Over-Month Decline Home prices in the U.S. decreased 1.4 percent on a month-over-month basis, the fifth consecutive monthly decline. However, the HPI excluding distressed sales posted its first month-over-month … Continue reading →

Posted in Economics, Housing Bubble, Housing Recovery, New Jersey Real Estate | 187 Comments

Why do we keep believing we can fix housing?

Posted on January 23, 2012 by grim

From the WSJ: Economists See Ways to Aid Housing Market he underpinnings of a housing recovery are hiding in plain sight: sharp price declines, low mortgage rates and rising rents have made owning more affordable than renting in a growing … Continue reading →

Posted in Economics, Foreclosures, Housing Bubble, Housing Recovery, National Real Estate, Risky Lending | 155 Comments

The other New Jersey housing market

Posted on January 13, 2012 by grim

From the NY Times: Rural Areas Slower to Rebound FOR whatever reason, homes sales picked up in New Jersey in the latter part of 2011. A new statewide market report shows contract signings increased in six of the seven months … Continue reading →

Posted in Economics, Housing Bubble, Housing Recovery, New Jersey Real Estate | 220 Comments

Time: What mattered in 2011 – Grim: What really mattered in 2011

Posted on December 29, 2011 by grim

From Time: 5 Events that Really Mattered for Housing in 2011 – and Beyond Government, the mortgage industry and forces of nature all shook the housing market in 2011. They had both an immediate impact and slow-burning effects, setting the … Continue reading →

Posted in Economics, Housing Bubble, Housing Recovery, National Real Estate | 134 Comments

Sellers: Any questions?

Posted on December 28, 2011 by grim

From the Record: Home prices down in most major US cities Home prices in the New York metropolitan area, including North Jersey, dropped 2 percent in the 12 months ended in October, the Standard & Poor’s Case-Shiller index reported Tuesday. … Continue reading →

Posted in Economics, Housing Bubble, Housing Recovery, North Jersey Real Estate | 146 Comments

October Case Shiller due in at 9

Posted on December 27, 2011 by grim

From Bloomberg: Home Prices in U.S. Cities Decline More Than Forecast, Case-Shiller Says Residential real estate prices dropped more than forecast in the year ended October, showing a broad-based decline that indicates the housing market continues to be weighed down … Continue reading →

Posted in Employment, Housing Bubble, Housing Recovery, National Real Estate | 125 Comments