Category Archives: Housing Recovery

Money See Money Do

Posted on August 1, 2016 by grim

From CNBC: Real estate buying habits linked to people’s Facebook behavior Call it fear of missing out — on housing investments. Our decisions about buying property are heavily influenced by our social media networks, according to new research from economists … Continue reading →

Posted in Demographics, Economics, Housing Recovery | 59 Comments

Affordability and inventory weigh on pending sales

Posted on July 28, 2016 by grim

From HousingWire: Affordability constraints hold back pending home sales Pending home sales remained in a holding pattern in June, however they increased slightly, according to the Pending Home Sales Index from the National Association of Realtors. Constricted supply and low … Continue reading →

Posted in Economics, Housing Recovery | 159 Comments

Slow grind

Posted on July 27, 2016 by grim

From the Record: Home prices edge up in New York metro area Home values are edging up slowly in the New York metropolitan area, including North Jersey, the S&P CoreLogic Case-Shiller index reported Tuesday. Single-family home prices in the region … Continue reading →

Posted in Housing Recovery, New Jersey Real Estate | 81 Comments

New Economik Report from Shillow

Posted on July 23, 2016 by grim

From Zillow: It’s well known that a lack of homes for sale is limiting home buyers’ choices this home shopping season. But this inventory shortage is also contributing to another home buying hurdle – along with limited options, buyers also … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate | 77 Comments

First time buyers coming back?

Posted on July 22, 2016 by grim

From HousingWire: Existing home sales increase 4 months in a row It’s no shock that existing home sales increased again this month, marking the fourth consecutive month of increases, according to the National Association of Realtors. What is new, however, … Continue reading →

Posted in Demographics, Economics, Housing Recovery, National Real Estate | 81 Comments

East Orange the next big thing?

Posted on July 19, 2016 by grim

From the Star Ledger: Is $12M real estate sale sign that East Orange could become millennial hot spot? When millennials searching for walkable, transit-oriented communities are priced out of high rises in Hoboken and Jersey City, will they head to … Continue reading →

Posted in Housing Recovery, New Development, New Jersey Real Estate | 119 Comments

July Beige Book

Posted on July 14, 2016 by grim

From the Federal Reserve: Beige Book – July 13, 2016 Second District–New York The Second District’s economy has picked up, growing modestly since the last report, and labor markets remain tight. Contacts note continued moderate pressure on input prices and … Continue reading →

Posted in Economics, Employment, Housing Recovery, North Jersey Real Estate, NYC | 41 Comments

Can we say the national foreclosure crisis is over?

Posted on July 13, 2016 by grim

From HousingWire: Foreclosures, serious delinquencies nearing decade low The number of homes in some stage of foreclosure and the number of seriously delinquent mortgages continued to decline in May, falling to the lowest level since October 2007, according to the … Continue reading →

Posted in Foreclosures, Housing Recovery, National Real Estate | 43 Comments

People still want to live here?

Posted on July 11, 2016 by grim

From the Record: Sales of starter homes spark rise in North Jersey real estate activity When Makeda and Kai Mallea started shopping for a house in Maywood, they had to compete with other eager buyers. “Houses would come on the … Continue reading →

Posted in Housing Recovery, New Jersey Real Estate | 27 Comments

Neighbors to the north looking strong

Posted on July 9, 2016 by grim

From LoHud: Reports: Home sales surge across region The Lower Hudson Valley real estate market showed some health in the second quarter, as the number of home sales in Westchester, Putnam and Rockland counties rose sharply compared to the same … Continue reading →

Posted in Housing Recovery, National Real Estate, NYC | 16 Comments

International purchases rise, shift to lower priced properties

Posted on July 8, 2016 by grim

From CNBC: Foreign buyers flood US real estate, but buy cheaper homes The appetite for U.S. real estate continues to flourish, but international buyers are shifting their sights from luxury to less-pricey properties. This may be due to overall higher … Continue reading →

Posted in Demographics, Economics, Housing Recovery, National Real Estate | 114 Comments

Corelogic: Prices rise in May (But not in NJ)

Posted on July 6, 2016 by grim

From HousingWire: CoreLogic: Home prices keep rising, demand not letting up Home prices in May are up both monthly and annually, according to the Home Price Index and HPI Forecast released today by CoreLogic. Overall, home prices, including distressed sales, … Continue reading →

Posted in Housing Recovery, National Real Estate | 69 Comments

Has Asbury finally made it?

Posted on July 5, 2016 by grim

From the NYT: New Beach Destination on the Jersey Shore? Asbury Park For nearly a century, the Baronet Theater in Asbury Park, N.J., was a popular venue for vaudeville theater and blockbuster films. Then it, like the city that was … Continue reading →

Posted in Housing Recovery, Shore Real Estate | 94 Comments

June HousingTrends

Posted on July 1, 2016 by grim

From the Otteau Group: NJ Purchase Contracts Rise Again in May Home purchase demand in New Jersey increased for the 21st consecutive month in May rising to nearly 11,000 home-purchase contracts. This was the highest number of purchase contracts recorded … Continue reading →

Posted in Economics, Housing Recovery, New Jersey Real Estate | 64 Comments

Pending Home Sales pause in May

Posted on June 30, 2016 by grim

From CNBC: Pending home sales down 3.7%, marking first annual drop in two years The final push of the spring housing season turned out weaker than expected. Signed contracts to buy existing homes fell 3.7 percent in May compared to … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate | 68 Comments