Category Archives: Housing Bubble

FHFA: October prices continue to dip

Posted on December 23, 2011 by grim

From Bloomberg: U.S. Home Prices Fell 2.8% in October From Prior Year, FHFA Says U.S. home prices fell 2.8 percent in October from a year earlier, the Federal Housing Finance Agency said, as foreclosures continued to depress real estate values. … Continue reading →

Posted in Employment, Housing Bubble, Housing Recovery, National Real Estate | 103 Comments

Good News – Shadow inventory down, Bad News – It’s in our back yards

Posted on December 22, 2011 by grim

From Inman News: Shadow inventory down 16% from a year ago Lenders had a “shadow inventory” of 1.6 million distressed properties and repossessed homes they hadn’t yet put up for sale at the end of October, down 16 percent from … Continue reading →

Posted in Economics, Housing Bubble, Housing Recovery, New Jersey Real Estate | 91 Comments

The Day Realtors Rewrote History

Posted on December 21, 2011 by grim

Well here it is folks, the day that the Realtors finally tell us what really happened when the bubble burst. This isn’t a surprise, they were caught publishing all sorts of incorrect (dare I say intentionally misleading) data during the … Continue reading →

Posted in Employment, Housing Bubble, National Real Estate | 134 Comments

Agents and Sellers “adjusted to the new pricing realities”?

Posted on December 19, 2011 by grim

From the Record: Bergen, Passaic home prices continue to slide North Jersey home values dropped 3 percent in the first half of this year, bringing Bergen County’s median single-family home price below $400,000 for the first time since the housing … Continue reading →

Posted in Economics, Housing Bubble, Housing Recovery, New Jersey Real Estate, Price Reduced | 107 Comments

“People need to feel like they’re getting a great deal.”

Posted on November 30, 2011 by grim

From the WSJ: Home Prices Edge Downward Home prices declined in September and are poised for a grim winter as banks step up their efforts to take back and sell foreclosed properties. Prices fell 0.6% from August, according to the … Continue reading →

Posted in Economics, Housing Bubble, Housing Recovery, National Real Estate | 88 Comments

FHA: Nothing to see here, move along

Posted on November 28, 2011 by grim

From the WSJ: What Housing Risk? Before the 2007 housing bust, financial analysts who raised questions about Fannie Mae and Freddie Mac’s shaky finances were dismissed as cranks. So it’s worrying to see a thoughtful critique of another taxpayer-backed monolith—the … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate, Risky Lending | 121 Comments

Under Pressure

Posted on November 20, 2011 by grim

Pressure pushing down on me Pressing down on you no man ask for Under pressure – that burns a building down Splits a family in two Puts people on streets It’s the terror of knowing What this world is about … Continue reading →

Posted in Economics, Housing Bubble, Housing Recovery, New Jersey Real Estate | 29 Comments

Do foreclosures even matter anymore?

Posted on November 10, 2011 by grim

From Bloomberg: Foreclosure Filings in U.S. Rise 7% as Bank ‘Rain Delay’ Eases U.S. foreclosure filings rose 7 percent in October to a seven-month high as lenders started to speed up action against delinquent borrowers after a yearlong review into … Continue reading →

Posted in Foreclosures, Housing Bubble, Housing Recovery, National Real Estate | 223 Comments

Lenders slow to foreclose after the green light to go ahead

Posted on November 6, 2011 by grim

From the Record: Legal issues slow foreclosures In a small Bergen County courtroom one recent Friday, a sheriff’s officer auctioned off two foreclosed properties in a matter of minutes, as a handful of investors kept their eyes open for bargains. … Continue reading →

Posted in Foreclosures, Housing Bubble, Housing Recovery, New Jersey Real Estate | 103 Comments

Both economists and meteorologists predicting long winter

Posted on November 3, 2011 by grim

From HousingWire: Clear Capital: Home prices begin their descent October home prices fell 2.8% from a year earlier, the 13th straight month of such declines, according to Clear Capital. Home prices increased 0.6% from the previous three months, which flattened … Continue reading →

Posted in Economics, Housing Bubble, Housing Recovery, National Real Estate | 94 Comments

Only thing better than a double dip, is a triple dip

Posted on October 31, 2011 by grim

From CNN/Money: Home prices heading for triple-dip The besieged housing market has even further to fall before home prices really hit rock bottom. According to Fiserv, a financial analytics company, home values are expected to fall another 3.6% by next … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 78 Comments

NJ/NY Metro prices down 3.4% in August

Posted on October 26, 2011 by grim

From the Record: Home prices dropped 3.4 percent in August What’s new: Home prices in the New York metropolitan area, which includes North Jersey, dropped 3.4 percent in August, compared with August 2010, the Standard & Poor’s/Case-Shiller index reported on … Continue reading →

Posted in Housing Bubble, Housing Recovery, New Jersey Real Estate | 150 Comments

August Case Shiller Predictions

Posted on October 24, 2011 by grim

Where do you think home prices went in August? From HousingWire: Zillow: Case-Shiller likely fell 3.8% in August Two key indices of home prices likely fell in August, suggesting large numbers of foreclosures and continued high joblessness are acting as … Continue reading →

Posted in Economics, Housing Bubble, Housing Recovery, National Real Estate | 136 Comments

Housing “…not as bad as some might try to make us believe.”

Posted on October 21, 2011 by grim

From HousingWire: Barclays: Housing may not be as bad as some believe It is unlikely home prices will drop as much as 17%, but analysts with Barclays Capital evaluated that possibility during a recent analysis of future home prices. However, … Continue reading →

Posted in Economics, Housing Bubble, Housing Recovery, National Real Estate | 127 Comments

“Suzanne researched this, this listing is special”

Posted on September 23, 2011 by grim

From the NY Times: One Town, but Two Markets OVER the last six months or so, it seems several New Jersey towns have developed symptoms of split personality — at least when it comes to their real estate markets. Take … Continue reading →

Posted in Economics, Housing Bubble, Housing Recovery, New Jersey Real Estate | 155 Comments