Category Archives: Housing Recovery

The key to growth

Posted on April 16, 2016 by grim

From the Record: Population rebounds around train stations in N.J. When Kevin Eleby started commuting by train to New York City in 2001, the station in downtown Paterson was nearly empty. Every morning he climbed the stairs to the platform … Continue reading →

Posted in Economics, Housing Recovery, New Development, New Jersey Real Estate | 22 Comments

Foreclosures continue improvement trend

Posted on April 13, 2016 by grim

From HousingWire: Foreclosure inventory declined nearly 25% in February National foreclosure inventory, or any house within the foreclosure process, in February decreased by 23.9% annually, according to CoreLogic’s February 2016 National Foreclosure Report. Completed foreclosures, total homes lost to foreclosures, … Continue reading →

Posted in Foreclosures, Housing Recovery, National Real Estate | 87 Comments

Millennials want a big house in the ‘burbs

Posted on April 7, 2016 by grim

From MarketWatch: First-time buyers are skipping the starter home and saving for the big house in the suburbs Forget the starter home. Today’s first-time buyers want a place they’ll live in for a long time — possibly even into retirement. … Continue reading →

Posted in Demographics, Economics, Housing Recovery, National Real Estate | 112 Comments

Slowly heading back to normal, whatever normal is now.

Posted on April 6, 2016 by grim

From HousingWire: Mortgage lending boom? Equifax reports massive increase in home credit Contrary to some fears that the Consumer Financial Protection Bureau’s new disclosure rules would severely dampen mortgage lending in 2015, a new report from Equifax shows that exactly … Continue reading →

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

Negative equity improves … except for the low-end

Posted on April 5, 2016 by grim

From CNBC: How are millions still underwater as home prices rise? Fast-rising home prices brought 1.5 million borrowers up from underwater on their mortgages in 2015, but there are still twice as many drowning. In total, 3.2 million homeowners nationally … Continue reading →

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

Early indicators of the next building boom?

Posted on April 4, 2016 by grim

From HousingWire: March job creation bodes well for housing inventory crisis March job numbers brought welcome news as more jobs were added to the construction market, which bodes well for the current lack of inventory in the market. Job creation … Continue reading →

Posted in Demographics, Economics, Employment, Housing Recovery, National Real Estate, New Development | 85 Comments

Hello Spring Market! Best February since 2005.

Posted on April 1, 2016 by grim

From the Otteau Group: Home purchase demand in New Jersey increased for the 18th consecutive month in February rising to more than 8,000 home-purchase contracts. This was the highest number of purchase contracts recorded in the month of February since … Continue reading →

Posted in Economics, Housing Recovery, New Jersey Real Estate | 150 Comments

Jed Kolko drops the bomb on the urbanization myth

Posted on March 30, 2016 by grim

From jedkolko.com (former Trulia economist): Urban Revival? Not For Most Americans The U.S. population is now less urban than before the start of the housing bubble. While well-educated, higher-income young adults have become much more likely to live in dense … Continue reading →

Posted in Demographics, Economics, Employment, Housing Recovery, National Real Estate | 121 Comments

National home prices up 5.4% in January

Posted on March 30, 2016 by grim

From Forbes: Home Prices Rise A Steady 5.4% In January, S&P/Case-Shiller Says Home sales prices rose 5.4% in January, continuing at a moderate and steady pace despite ongoing inventory shortages, a report released Tuesday said. Home prices are rising twice … Continue reading →

Posted in Demographics, Economics, Housing Recovery, National Real Estate | 44 Comments

Pending home sales jump in February

Posted on March 29, 2016 by grim

From Reuters: U.S. pending home sales hit seven-month high in February Contracts to buy previously owned U.S. homes rose sharply in February, reversing the previous month’s deep decline, as the volatility of the data continues to make it difficult to … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate | 44 Comments

A long way to “recovery”

Posted on March 28, 2016 by grim

From the Star Ledger: N.J. home prices slowly recover from housing bubble Slowly but steadily, New Jersey’s housing market is recovering. The average home sale price in New Jersey in 2015 was $397,279, according to the state Division of Taxation. … Continue reading →

Posted in Housing Recovery, New Jersey Real Estate | 33 Comments

Population patterns in NJ showing urbanization shift

Posted on March 25, 2016 by grim

From the Record: Bergen County leads population growth trend, halts flow to other parts of N.J. A decades-long population shift from northeastern New Jersey to other parts of the state has come to an abrupt halt, with Bergen and Hudson … Continue reading →

Posted in Demographics, Economics, Housing Recovery, North Jersey Real Estate, NYC | 33 Comments

Otteau: NJ home prices to rise 4% in 2016

Posted on March 24, 2016 by grim

From the Record: N.J. housing expert sees 4 percent rise in prices this year New Jersey home prices are likely to rise about 4 percent this year, as a thriving job market boosts a housing sector that’s still recovering from … Continue reading →

Posted in Economics, Housing Recovery, New Jersey Real Estate | 71 Comments

Blame the blizzard … and the stock market

Posted on March 22, 2016 by grim

From the WSJ: U.S. Existing Home Sales Tumbled 7.1% in February Sales of previously owned homes sank in February, a sign that demand for housing could be cooling amid rising prices and low inventory. Sales fell 7.1% in February from … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate, North Jersey Real Estate | 108 Comments

Just how low can inventory go?

Posted on March 21, 2016 by grim

From the WSJ: This Problem Is Shutting the Door on Many Would-Be Home Buyers The U.S. housing market has a supply issue. Between low interest rates, a steady job market and rising rents, economic fundamentals suggest lots of houses should … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate | 52 Comments