Category Archives: Housing Bubble

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

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

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

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?

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

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

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

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

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

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.”

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”

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

Screwed over a second time

From the NY Post: $1T in sour notes It’s the flip side of foreclosure fraud: Not only is the city fireman in danger of losing his home, he also might wind up with smaller retirement checks because his pension invested … Continue reading

Posted in Foreclosures, Housing Bubble, Risky Lending | 62 Comments

September Beige Book

From the Federal Reserve: Beige Book – New York Region Construction and Real Estate Residential construction and home sales have remained sluggish but generally steady since the last report, while there has been further improvement in the rental market. Overall, … Continue reading

Posted in Economics, Housing Bubble, Housing Recovery, New Jersey Real Estate | 142 Comments

July Contracts Fall Short

From the Otteau Group Home Purchase Contracts Losing Steam Although home purchase contracts in July exceeded the year ago level for the 3rd consecutive month, they appear to be losing strength along with the rest of the economy. During July, … Continue reading

Posted in Economics, Housing Bubble, Housing Recovery, New Jersey Real Estate | 200 Comments

June Home Prices – Signs of Recovery or Crap?

From Bloomberg: Home Prices in U.S. Showed Signs of Stabilizing Residential real estate prices in the U.S. decreased in the year ended in June at a slower pace than in the prior month, a sign the market may be stabilizing. … Continue reading

Posted in Economics, Housing Bubble, Housing Recovery, National Real Estate | 89 Comments