Category Archives: Housing Recovery

Home prices set new highs in April (but not us)

Posted on June 29, 2016 by grim

From the Record: Home prices in N.Y. metro area continue gradual increases Home prices in the region are rising, but at only half the rate of the national averages, the S&P/Case-Shiller home price index reported Tuesday. As the nation continues … Continue reading →

Posted in Demographics, Economics, Housing Recovery, National Real Estate | 70 Comments

Will it ever sell? Probably not.

Posted on June 27, 2016 by grim

From Forbes: New Jersey’s Most Expensive Home is Back on the Market for $48.8 Million Eight miles from Manhattan, a 30,000-square-foot estate is quietly hidden on six acres in the exclusive neighborhood of Alpine, New Jersey. Home to celebrities, doctors, … Continue reading →

Posted in Housing Recovery, New Jersey Real Estate | 56 Comments

Foreclosure bill doesn’t go far enough to prevent zombies

Posted on June 25, 2016 by grim

From HousingWire: Senate to consider wide-ranging bill to address zombie foreclosure “crisis” Mortgage lenders and servicers could soon have a whole new set of responsibilities for maintaining foreclosed homes, as Sen. Bob Menendez, D-NJ, introduced a new bill on Friday … Continue reading →

Posted in Foreclosures, Housing Recovery, National Real Estate, New Jersey Real Estate | 17 Comments

Investors out as cash sales fall?

Posted on June 24, 2016 by grim

From HousingWire: CoreLogic: Fewer buyers paying cash for properties Cash sales made up 33% of total home sales in March 2016, a decrease of 2.4 percentage points annually, according to a recent report by CoreLogic. Monthly, cash sales fell by … Continue reading →

Posted in Employment, Housing Recovery, National Real Estate | 106 Comments

Home sales strong in May

Posted on June 23, 2016 by grim

From the Record: Home sales climb in May to the highest level since before the recession In a sign of growing demand for housing, eager home buyers scooped up properties quickly this spring: Sales of existing homes in May reached … Continue reading →

Posted in Housing Recovery, National Real Estate, New Jersey Real Estate | 89 Comments

Housing expensive, rent or buy.

Posted on June 21, 2016 by grim

From APP: With rent of $1,160 a month in Asbury Park taking up most of her family’s income, Susan Aquino began to search for a new apartment that would give her some breathing room. The hunt didn’t last very long. … Continue reading →

Posted in Demographics, Economics, Housing Recovery, New Jersey Real Estate | 229 Comments

Guess who is back?

Posted on June 17, 2016 by grim

From the NYT: Bidding Wars in the Suburbs The listing Nadia Krivickova and Michael Krivicka had been waiting for popped up early last September: a pristine 2,500-square-foot 1924 colonial with a child-friendly backyard in the lower Westchester County village of … Continue reading →

Posted in Demographics, Economics, Housing Recovery, New Jersey Real Estate, NYC | 99 Comments

Brookings: Student loan debt not holding back homeownership

Posted on June 16, 2016 by grim

From Brookings: The dividing line between haves and have-nots in home ownership: Education, not student debt There is widespread concern that student loans are a drag on the housing market. Leading economic thinkers, including Larry Summers and Joe Stiglitz, have … Continue reading →

Posted in Demographics, Economics, Housing Recovery, National Real Estate | 101 Comments

April foreclosures and delinquencies show continued improvement

Posted on June 15, 2016 by grim

From HousingWire: April foreclosure inventory down about 25% from last year Foreclosure inventory continues to decline, decreasing 23.4% annually in April, while completed foreclosures declined by 15.8% annually, according to the April 2016 National Foreclosure Report released by CoreLogic, a … Continue reading →

Posted in Foreclosures, Housing Recovery, National Real Estate | 61 Comments

Will the next bubble be the biggest yet?

Posted on June 14, 2016 by grim

From CNBC: Experts sharply divided over whether surging home prices signal new bubble We’re living in a very different housing world today — from tighter credit to stricter regulations — compared with the dark days of the crash, but rising … Continue reading →

Posted in Housing Bubble, Housing Recovery, National Real Estate | 122 Comments

Is it a bubble yet?

Posted on June 11, 2016 by grim

From Real Clear Markets: How High Are Real House Prices? “Home prices are back to near-record highs across the U.S.” said the Wall Street Journal in a June 1 front page story. They are, indeed, when measured in nominal terms. … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate | 59 Comments

JC the new heart of the gold coast?

Posted on June 8, 2016 by grim

From the NY Times: Jersey City: Growing, With Many Personalities Elizabeth and Nick Flint were apartment hunting in Brooklyn two years ago when a friend suggested they consider Jersey City instead. The couple, who were renting in Williamsburg, wanted to … Continue reading →

Posted in Demographics, Economics, Housing Recovery, New Development, NYC | 60 Comments

How much further does the Gold Coast have left to run?

Posted on June 7, 2016 by grim

From the Real Deal: Land ho! The Gold Coast of New Jersey has gotten so hot for developers in recent years that in many areas near the waterfront there is hardly any land left to go around. The land grab … Continue reading →

Posted in Demographics, Economics, Employment, Housing Recovery, New Development, New Jersey Real Estate | 57 Comments

It’s just a jump to the left, and then a step to the right.

Posted on June 5, 2016 by grim

From the Record: North Jersey home values trapped in a time warp In the overheated housing market of 2005, Barbara O’Leary and Dennis Poletto bought a Bergenfield colonial for $440,000 — just five years after the previous owner had paid … Continue reading →

Posted in Economics, Housing Recovery, New Jersey Real Estate | 54 Comments

The Love and Hate of Higher Home Prices

Posted on June 2, 2016 by grim

From Bloomberg: Curbing Our Enthusiasm Over Rising Home Prices Home prices went up in March. That was the news Tuesday from S&P/Case-Shiller; all indications are that April was an up month too, and that this summer’s “selling season” will see … Continue reading →

Posted in Demographics, Economics, Housing Recovery, National Real Estate | 43 Comments