Category Archives: Housing Bubble

Does everyone on the low-end want to sell, or does nobody want to buy?

Posted on April 17, 2011 by grim

From the NY Times: Lower-Priced Homes Lagging The supply of unsold inventory with asking prices under $400,000 was 26 percent greater than at this time last year, according to a new report by the Otteau Valuation Group, which analyzes multiple … Continue reading →

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

Foreclosures drop sharply, but not because the market is improving

Posted on April 14, 2011 by grim

From CNN: Foreclosures off 30% this year On the surface, the foreclosure crisis seems to be easing. The number of foreclosure notices filed during the first three months of 2011 fell 27% compared with the first quarter of 2010, according … Continue reading →

Posted in Foreclosures, Housing Bubble, National Real Estate | 209 Comments

Lowest priced areas see largest declines in North Jersey

Posted on April 10, 2011 by grim

From the Record: Home values fall faster in lower-priced areas North Jersey’s lower-priced neighborhoods were hit harder by the housing downturn last year, as home values plummeted by 9.1 percent in Passaic County, while Bergen County saw a milder 1.9 … Continue reading →

Posted in Economics, Housing Bubble, New Jersey Real Estate | 120 Comments

Trulia: New York area sellers “stubborn”

Posted on April 6, 2011 by grim

From Fortune: America’s most stubborn home sellers Homeowners in certain cities are more likely to quickly reduce their price than others. And where are the sellers most resistant to price reductions? New York City, of course. … In many cities … Continue reading →

Posted in Economics, Housing Bubble, New Jersey Real Estate | 137 Comments

But they said they weren’t making any more land…

Posted on April 4, 2011 by grim

From the Record: North Jersey housing vacancy rates rising A growing number of houses and apartments sit empty in North Jersey, a result of the four-year-old housing bust. From affluent to middle-class to poor neighborhoods, the percentage of vacant homes … Continue reading →

Posted in Employment, Housing Bubble, New Jersey Real Estate | 167 Comments

Corelogic: Shadow inventory still very high, especially in NJ

Posted on March 31, 2011 by grim

From USA Today: 1.8M ‘distressed’ homes could weigh on home prices for years The U.S. had 1.8 million distressed homes in January that had yet to be listed for sale, a “shadow inventory” that is expected to weigh on home … Continue reading →

Posted in Economics, Foreclosures, Housing Bubble, National Real Estate | 169 Comments

Prices? Still falling…

Posted on March 29, 2011 by grim

From S&P: Home Prices Off to a Dismal Start in 2011 Data through January 2011, released today by Standard & Poor’s for its S&P/Case-Shiller1 Home Price Indices, the leading measure of U.S. home prices, show further deceleration in the annual … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 204 Comments

February pending home sales down 11% in the Northeast

Posted on March 28, 2011 by grim

From the AP: More people signed contracts to buy homes in Feb. More Americans signed contracts to buy homes in February, but sales were uneven across the country and not enough to signal a rebound in the housing market. Sales … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 110 Comments

S&P slams new housing bailout scheme

Posted on March 28, 2011 by grim

From HousingWire: Principal forgiveness may not be the silver bullet for housing: S&P The attorneys general settlement proposal to major servicers includes a push for more principal forgiveness on delinquent mortgages. But it may be one of the initiatives cut … Continue reading →

Posted in Employment, Housing Bubble | 121 Comments

It was different this time

Posted on March 27, 2011 by grim

From the NY Times: A Housing Market Cycle Different From Others (Click the link for the accompanying charts) TO judge by the overall level of home sales in the United States, the housing market has stabilized at a level well … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 51 Comments

Economists turn sour on home prices

Posted on March 23, 2011 by grim

From HousingWire: Housing double dip could be coming: MacroMarkets A double-dip in housing could arrive this year with national home prices only 1% away from a new “post-crash low,” MacroMarkets said in its March 2011 Home Price Expectation Survey. MacroMarkets … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 179 Comments

Realtors: “One cannot say that we are in a recovery right now”

Posted on March 21, 2011 by grim

From Bloomberg: Sales of U.S. Existing Houses Fall, Prices Reach Nine-Year Low Sales of previously owned U.S. homes dropped more than forecast in February, sending prices to the lowest level since 2002 and indicating the market is struggling to recover. … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 172 Comments

QE3… QE4… QE5… The bailouts aren’t going to fix the housing market.

Posted on March 17, 2011 by grim

From the International Business Times: Terrible housing data will spark talks of QE3: Borthwick Wednesday’s housing data was terrible. February housing starts dropped to an annual rate of 479,000 units and building permits fell to an annual rate of 517,000 … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 248 Comments

“I wouldn’t be overly influenced by the idea that home prices are low, and they might suddenly take off”

Posted on March 15, 2011 by grim

From CNBC: Home Ownership May Be for the Few, Not the Many Homeownership has long been associated with investment savvy. Tax breaks, equity growth and the sanctity of the American dream — the real estate community has made a pretty … Continue reading →

Posted in Employment, Housing Bubble, National Real Estate | 268 Comments

“A property is worth what a buyer is willing to pay.”

Posted on March 10, 2011 by grim

From the Star Ledger: Fawn Hill Farm sold for bargain price You know the luxury property market is struggling when one of New Jersey’s most lavish estates sells for barely one-quarter of its original listing price. Fawn Hill Farm, the … Continue reading →

Posted in Economics, Housing Bubble, New Jersey Real Estate | 132 Comments