Category Archives: Housing Recovery

March Case Shiller

Posted on June 1, 2016 by grim

From the WSJ: U.S. Home Prices Jump as Supply Pinch Plays Out Home prices are back to near-record highs across the U.S. amid rising demand and supply constraints, a sign that the lopsided housing-market recovery of the past five years … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate | 60 Comments

Most of NJ still has a long way to go

Posted on May 31, 2016 by grim

From the Star Ledger: N.J. home prices slowly recover from housing bubble – See how your town fared Slowly but steadily, New Jersey’s housing market is recovering. The average home sale price in New Jersey in 2015 was $397,279, according … Continue reading →

Posted in Demographics, Economics, Housing Recovery, New Jersey Real Estate | 35 Comments

FHFA: 19 consecutive quarterly price increases

Posted on May 26, 2016 by grim

From HousingWire: FHFA: Home prices increase again, rise 1.3 While home prices only increased a meager 1.3% in the first quarter of 2016, it’s added onto a long string of increases; 19 consecutive quarterly price increases to be exact. According … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate | 135 Comments

Skipping the starter

Posted on May 25, 2016 by grim

From NJ101.5: NJ millennials are skipping ‘starter homes’ and going for these instead The term “starter home” may be on the path to extinction, at least here in New Jersey. It seems many young buyers are skipping that first step … Continue reading →

Posted in Demographics, Economics, Housing Recovery | 96 Comments

South Jersey recovery key for NJ

Posted on May 24, 2016 by grim

From the Press of Atlantic City: South Jersey real estate sales jumped last month, prices mixed Homes sold faster all over South Jersey last month, with the number of closed deals up sharply in most of the region from April … Continue reading →

Posted in Housing Recovery, South Jersey Real Estate | 51 Comments

April Existing Home Sales beat estimates

Posted on May 21, 2016 by grim

From CNBC: Existing home sales hit 5.45 million units in April, vs. expectations of 5.4 million U.S. home resales rose more than expected in April, suggesting the economy continues to gather pace during the second quarter. The National Association of … Continue reading →

Posted in Economics, Housing Recovery, New Jersey Real Estate | 18 Comments

Sandy wrecks go cheap

Posted on May 14, 2016 by grim

From the Record: Buyers line up for 400 homes wrecked by Superstorm Sandy Matt Price and his wife, Carla, are gambling that the devastation inflicted by Superstorm Sandy will be their key to the American dream of home ownership. The … Continue reading →

Posted in Housing Recovery, New Development, Shore Real Estate | 55 Comments

We’re all going to struggle

Posted on May 5, 2016 by grim

From NJ Spotlight: SPECULATORS, CASH SALES CROWD OUT HOME BUYERS IN SOME NJ TOWNS Just off Route 9 in Forked River, blocks of newly rehabilitated and elevated homes are interrupted by the occasional lot overgrown by weeds on which might … Continue reading →

Posted in Demographics, Economics, Housing Recovery, New Jersey Real Estate | 80 Comments

How much longer can the foreclosures drag the market down?

Posted on May 2, 2016 by grim

From NJ Spotlight: SOME GOOD NEWS FOR NJ HOUSING MARKET, BUT FORECLOSURES STILL A FACTOR Even as real-estate agents see encouraging demand for Shore rentals, and home prices in parts of New Jersey creep gradually higher, analysts and academics say … Continue reading →

Posted in Foreclosures, Housing Recovery, New Jersey Real Estate | 176 Comments

April MarketNews

Posted on May 1, 2016 by grim

From the April MarketNews from Otteau Group: NJ Purchase Contracts in March Strongest Since 2005 Home purchase demand in New Jersey increased for the 19th consecutive month in March, rising to more than 10,000 home-purchase contracts. This reflects a 23% … Continue reading →

Posted in Demographics, Economics, Housing Recovery, New Jersey Real Estate | 12 Comments

Some news isn’t good-enough-news, but at least we’re trending in the right direction

Posted on April 30, 2016 by grim

From NJ101.5: NJ housing expert: ‘Good news, but not enough of it’ Most of the latest numbers related to the housing market in New Jersey point to solid movement in the right direction, but can conditions ever return to the … Continue reading →

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

March Pending Home Sales – Northeast continues it’s run

Posted on April 28, 2016 by grim

From CNBC: Pending home sales up 1.4% in March, highest pace in nearly a year Homebuyers stepped up their purchases in March, signing contracts to buy existing homes at the highest pace in nearly a year. A monthly index measuring … Continue reading →

Posted in Housing Recovery, National Real Estate | 94 Comments

Home prices rise, less then expected, gains moderate

Posted on April 27, 2016 by grim

From HousingWire: S&P/Case-Shiller: Home prices finally start to stabilize The National Home Price Index, covering all nine U.S. census divisions, increased 5.3% annually in February, unchanged from the previous month, breaking a 10-month streak where the year-over-year figure increased over … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate | 109 Comments

February not good to NJ home prices

Posted on April 26, 2016 by grim

From National Mortgage News: Home Prices Rise Again in February: Black Knight Home prices continue to make steady increases but are still off from their 2006 peak, according to Black Knight Financial Services. Black Knight’s Home Price Index reported a … Continue reading →

Posted in Economics, Housing Recovery, New Jersey Real Estate | 60 Comments

Affordability again pushing buyers to the burbs?

Posted on April 18, 2016 by grim

From LoHud: Housing market strong in Lower Hudson Valley The Lower Hudson Valley housing market continued to show its strength, as the total number of first-quarter home sales in Westchester, Rockland and Putnam counties went up by 14.5 percent over … Continue reading →

Posted in Employment, Housing Recovery, NYC | 60 Comments