Category Archives: Housing Recovery

Living near crime doesn’t pay

Posted on March 18, 2016 by grim

From RealtyTrac: RealtyTrac® (www.realtytrac.com), the nation’s leading source for comprehensive housing data, today released its first-ever Registered Criminal Offender Risk Index, which shows that average home values and home equity were lower — while average foreclosure rates were higher — … Continue reading →

Posted in Demographics, Economics, Housing Recovery | 55 Comments

Underwater borrowers continue to decline

Posted on March 11, 2016 by grim

From Corelogic: From MarketWatch: Another 1 million homes regained positive equity in 2015, CoreLogic says An additional million homeowners regained equity in 2015, bringing the number of mortgaged properties with equity to 91.5% or 46.3 million, CoreLogic said. There were … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate | 64 Comments

Homeowners again think their home is worth more than it is … shocker

Posted on March 9, 2016 by grim

From HousingWire: Homeowner expectations and appraisal values divided as gap widens The gap between appraisal and owner estimates widened for first time in six months, Quicken Loans said in its latest monthly Home Price Perception Index and Home Value Index … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate | 97 Comments

Is flipping a good or bad sign?

Posted on March 4, 2016 by grim

From the Record: Home flippers ramped up activity in 2015 One in 25 home sales in New Jersey last year were investors’ flips — in which properties are bought, renovated and quickly resold — according to a company that tracks … Continue reading →

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

March Beige Book

Posted on March 3, 2016 by grim

From the Federal Reserve: Beige Book – March 2, 2016 – Second District–New York Economic activity in the Second District has remained generally flat since the last report, while labor markets continue to tighten. Selling prices were little changed, while … Continue reading →

Posted in Demographics, Economics, Housing Recovery, New Jersey Real Estate, NYC | 110 Comments

Pending home sales flatten YOY

Posted on March 2, 2016 by grim

From the WSJ: U.S. Pending Home Sales Tumbled 2.5% in January The number of existing homes tentatively sold across the U.S. fell in January, as swiftly rising prices and lower inventory muted buyer demand after the strongest year in nearly … Continue reading →

Posted in Demographics, Economics, Employment, Housing Recovery, National Real Estate | 110 Comments

Housing decline? Not likely.

Posted on February 26, 2016 by grim

From Forbes: Why The U.S. Housing Market Will Remain Alive And Kicking in 2016 If you live in Coastal California, you don’t need national housing statistics to tell you that the housing market is in good shape – stick a … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate | 100 Comments

Existing home sales show strong performance in January

Posted on February 25, 2016 by grim

From Bloomberg: Sales of Existing U.S. Homes Rise to Second-Highest Since 2007 Sales of previously owned U.S. homes unexpectedly rose in January to the second-highest pace since early 2007, indicating the industry will keep prospering. Closings, which usually take place … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate | 142 Comments

The long grind

Posted on February 19, 2016 by grim

From the Record: Foreclosures ease a bit in NJ, but remain higher than national rate Housing distress is easing in New Jersey, but the state still has much higher rates of foreclosures and mortgage delinquencies than the nation as a … Continue reading →

Posted in Foreclosures, Housing Recovery, New Jersey Real Estate | 123 Comments

Clinton brings housing into the debate

Posted on February 17, 2016 by grim

From HousingWire: Hillary Clinton unveils sweeping economic agenda, including major housing reforms With the 2016 presidential election inching closer at a seemingly glacial pace, one issue that many of the main candidates have neglected to address is housing and its … Continue reading →

Posted in Housing Recovery, Politics | 95 Comments

Valentines Day Massacre

Posted on February 16, 2016 by grim

From the Star Ledger: Here’s what happened to those 100 lots Newark gave away last Valentine’s Day This time last year, John Errico and Shannon Guy took what they believed would be the first step toward their shared dream. Newly … Continue reading →

Posted in Housing Recovery, New Development, New Jersey Real Estate, Politics | 91 Comments

Move over Brooklyn

Posted on February 14, 2016 by grim

From the NYT: Moving to Jersey City? Join the Club. Jersey City is no longer just another gritty town on the wrong side of the Hudson River, dismissed by apartment hunters. As its population soars, new housing rises and buyers … Continue reading →

Posted in Housing Recovery, New Development, NYC | 133 Comments

Can AC be saved?

Posted on February 12, 2016 by grim

From the Star Ledger: This N.J. area now ranks 5th in U.S. for vacant houses While the future of the ailing resort shore city rests in the hands of Trenton lawmakers, the local residential real estate is reeling. The Atlantic … Continue reading →

Posted in Demographics, Economics, Employment, Foreclosures, Housing Recovery, Shore Real Estate, South Jersey Real Estate | 104 Comments

Local home price gains still lag the nation

Posted on February 11, 2016 by grim

From the Record: North Jersey home prices rise 2% Single-family home prices in the New York metropolitan area ticked up 2 percent in the fourth quarter of 2015, to a median $464,600, the National Association of Realtors reported Wednesday. Nationally, … Continue reading →

Posted in Housing Recovery, New Jersey Real Estate, NYC | 142 Comments

Foreclosures lowest in nearly 10 years

Posted on February 10, 2016 by grim

From HousingWire: CoreLogic: Foreclosures fall to lowest level since 2006 In another sign that the recovery from the housing crisis is ongoing rather than stalled out, the total number of completed foreclosures in 2015 was the lowest number of completed … Continue reading →

Posted in Foreclosures, Housing Recovery, New Jersey Real Estate | 93 Comments