Category Archives: Housing Bubble

Distressed homes are the market

Posted on August 25, 2011 by grim

From the Record: A third of homes sold in second quarter were in foreclosure Almost one in three homes sold in the U.S. in the second quarter were owned by banks or in some stage of foreclosure, RealtyTrac reported today. … Continue reading →

Posted in Employment, Housing Bubble, New Jersey Real Estate | 198 Comments

Bye bye PMI

Posted on August 23, 2011 by grim

From HousingWire: PMI Group units forced to stop writing new insurance The PMI Group’s market share “is going to be eaten up by competitors” in the aftermath of Arizona regulators placing the mortgage insurer under state supervision and curtailing the … Continue reading →

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

“Buyers are beginning to think that if they wait, they’re going to get a better deal in a few months.”

Posted on August 22, 2011 by grim

From Bloomberg: Homebuyers Hunker Down as Real Estate’s Drag on U.S. Economy May Worsen Sanjay Jain called his real estate broker four days ago to cancel a deal to buy a three-bedroom home in Folsom, California, unnerved by another plunge … Continue reading →

Posted in Employment, Housing Bubble, National Real Estate | 92 Comments

Ease doesn’t mean easy, the majority of short sales are a waste of time

Posted on August 20, 2011 by grim

From the NY Times: Banks Ease Stance on Short Sales STANDING by while her mother was evicted from her home in Tinton Falls for the few thousand dollars she owed in mortgage payments in the 1990s had a big influence … Continue reading →

Posted in Housing Bubble, New Jersey Real Estate | 74 Comments

The vicious housing cycle

Posted on August 18, 2011 by grim

From the Atlantic: Home Sales Are Falling: Will Consumers Force a Double Dip? As the bad news continues to pile on, Americans appear to be taking note by closing their wallets. The latest brutal report indicates that home buying demand … Continue reading →

Posted in Employment, Housing Bubble, Housing Recovery, National Real Estate | 137 Comments

JP Morgan: Bottom only 5% away

Posted on August 15, 2011 by grim

From HousingWire: Home prices still poised to drop 5% by early 2012, say JPMorgan analysts JPMorgan Chase stuck to their outlook Friday, forecasting home prices in the U.S. could plunge another 4% to 5%, before reaching a bottom in early … Continue reading →

Posted in Employment, Housing Bubble, Housing Recovery, National Real Estate | 85 Comments

A look at Q2 home prices

Posted on August 11, 2011 by grim

From the Record: Home prices flat in North Jersey, National Association of Realtors says North Jersey home prices were flat in the second quarter, compared with a year earlier, the National Association of Realtors reported Wednesday. But a number of … Continue reading →

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

Hope for a housing recovery fading fast

Posted on August 9, 2011 by grim

From CNN Money: Housing recovery slips out of sight Any glimmer of hope that the housing market will stage a recovery in the upcoming months has vanished, thanks to the recent spate of bad economic news that has been making … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 203 Comments

Home ownership hits new lows

Posted on August 1, 2011 by grim

From HousingWire: Homeownership drops to 1998 level The U.S. homeownership rate in the second quarter dropped to its lowest level in 13 years, according to the Census Bureau, with analysts expecting even more drops ahead. The homeownership rate fell to … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 163 Comments

Why didn’t the price of that great house fall?

Posted on July 27, 2011 by grim

From HousingWire: CoreLogic: Nondistressed home prices stabilizing Stabilizing nondistressed home prices, a declining shadow inventory and stronger foreclosure auctions should lead to lower distressed sales and less downward pressure on prices, according to CoreLogic. The report notes that while mortgage … Continue reading →

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

Fannie Mae: Recovery begins in Q3

Posted on July 25, 2011 by grim

From HousingWire: Fannie Mae sees light at the end of housing tunnel Home sales in the second quarter of 2011 were bad, according to Fannie Mae. Home prices also remain volatile, moving with gains and losses, over the past two … Continue reading →

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

June Existing Home Sales Dissapoint

Posted on July 21, 2011 by grim

From the WSJ: Home Resales Decline Again as Buyers Hesitate Existing-home sales in June fell to a seven-month low, and the number of contract cancellations soared, signaling that buyers are rethinking home purchases amid national economic uncertainty. Sales decreased 0.8% … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 194 Comments

Wrist slapping delayed a few weeks

Posted on July 18, 2011 by grim

From the NY Post: Mortgage megadeal is still weeks away America’s biggest mortgage servicers are still weeks from reaching a potential multibillion-dollar deal with federal and state officials to settle the foreclosure fiasco, The Post has learned. Key sticking points … Continue reading →

Posted in Foreclosures, Housing Bubble | 126 Comments

Bubble sitters just as unrealistic

Posted on July 17, 2011 by grim

From MarketWatch: Post-bubble buyers more likely to overprice home People who bought their homes after the housing bubble burst are more likely to have an unrealistic view of their home’s worth than those who bought before the housing downturn, according … Continue reading →

Posted in Economics, Housing Bubble | 104 Comments

“Homeowners need to price their homes right or they won’t sell”

Posted on July 15, 2011 by grim

From the Chicago Tribune: Pricing a home to sell in today’s market During the housing boom, many real estate agents found it extraordinarily tough, if not impossible, to come up with even ballpark asking prices for their listings. “Values were … Continue reading →

Posted in Employment, Housing Bubble, National Real Estate | 235 Comments