Category Archives: Housing Recovery

Another step towards normalcy? Cash buyers declining

Posted on February 5, 2016 by grim

From HousingWire: Share of cash sales fell in October to 34% Cash sales accounted for 33.9% of total home sales in the month of October 2015, according to CoreLogic, compared to 36.4% in October 2014. Cash sales increased by 1.4% … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate | 88 Comments

Home prices keep moving upwards

Posted on February 3, 2016 by grim

From HousingWire: CoreLogic: Home prices maintain pace, increase 6.3% Home prices nationwide, including distressed sales, posted similar results to last month, increasing year-over-year by 6.3% in December 2015 compared with December 2014, according to the most recent report from housing … Continue reading →

Posted in Demographics, Economics, Employment, Housing Recovery, National Real Estate | 71 Comments

Central Jersey prices up, inventory down – but still far from peak

Posted on February 1, 2016 by grim

From MyCentralJersey: Central Jersey home sale values rising: Is it enough? (click for tables) The good news is that home sale prices improved last year in more than half of Central Jersey municipalities. The bad news is that home values … Continue reading →

Posted in Economics, Housing Recovery, New Jersey Real Estate | 106 Comments

Limited supply the biggest hurdle for 2016 market

Posted on January 30, 2016 by grim

From Prudential Fox and Roach: Low inventory fuels real estate market Buyers and sellers in the New Jersey-Pennsylvania region will enter a highly competitive housing market in 2016 as the economy continues to get stronger, according to a survey of … Continue reading →

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

December Pending Home Sales Disappoint (except the NE)

Posted on January 29, 2016 by grim

From CNBC: Pending home sales rise just 0.1% in December A lack of homes for sale is keeping potential buyers at bay. Signed contracts to buy existing homes rose just 0.1 percent in December from a downwardly revised November reading, … Continue reading →

Posted in Demographics, Economics, Housing Recovery, National Real Estate | 53 Comments

Blue skies ahead for NJ?

Posted on January 28, 2016 by grim

From NJBIZ: NJBIA says 2015 jobs data ‘good news’ for N.J. economy The New Jersey Business & Industry Association said last week’s report from the state Department of Labor and Workforce Development indicating that New Jersey added approximately 64,500 private-sector … Continue reading →

Posted in Economics, Employment, Housing Recovery, New Jersey Real Estate | 92 Comments

NY home prices hit new peak in November

Posted on January 25, 2016 by grim

From HousingWire: Black Knight: Home prices maintain trend, move higher Once again, home prices are trending higher, rising 0.1% from October, and 5.5% on a year-over- year basis, the November Black Knight home price report found. As a result, national … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate | 199 Comments

Existing home sales rocket upwards in December, no inventory

Posted on January 23, 2016 by grim

From the WSJ: U.S. Existing-Home Sales Rebound in December The U.S. housing market entered 2016 after a year of strong sales, rising prices and dwindling inventories, factors supporting the economy but also likely to cap future gains for the sector. … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate | 120 Comments

Year of the Household

Posted on January 19, 2016 by grim

From DSNews: New York Fed: Expect a Boost in Household Formation in 2016 Speaking on the country’s economic outlook and monetary policy at the Economic Leadership Forum in Somerset, New Jersey, Federal Reserve Bank of New York President Bill Dudley … Continue reading →

Posted in Demographics, Economics, Housing Recovery, National Real Estate | 74 Comments

National foreclosures continue to decline, NJ still standout at the top

Posted on January 13, 2016 by grim

From HousingWire: CoreLogic: Foreclosures fall to lowest level since 2007 The inventory of homes in foreclosure continued to decrease in November 2015, falling to the lowest level since November 2007, a new report from CoreLogic showed. CoreLogic, a global property … Continue reading →

Posted in Economics, Foreclosures, Housing Recovery, National Real Estate, New Jersey Real Estate | 66 Comments

Last Call!

Posted on January 11, 2016 by grim

From HousingWire: Black Knight: Will 2016 end refinance demand? Approximately 5.2 million borrowers could likely both qualify for and benefit from refinancing, but it’s possible that this number will be slashed in half by the end of the year. Black … Continue reading →

Posted in Economics, Housing Recovery, Mortgages, National Real Estate | 65 Comments

“I have no hope. One thing about taxes: they go up.”

Posted on January 10, 2016 by grim

From the APP: Property taxes up $537 million HOLD ONTO YOUR WALLETS: PROPERTY TAXES IN NEW JERSEY INCREASED BY THEIR FASTEST RATE IN FOUR YEARS IN 2015. The hike pushed the average local tax bill to $8,354 for homeowners, up … Continue reading →

Posted in Economics, Housing Recovery, New Jersey Real Estate, Property Taxes | 25 Comments

Inventory yet? Nope.

Posted on January 10, 2016 by grim

From Berkshire Hathaway Fox & Roach: Low inventory fuels real estate market Buyers and sellers in the New Jersey-Pennsylvania region will enter a highly competitive housing market in 2016 as the economy continues to get stronger, according to a survey … Continue reading →

Posted in Demographics, Economics, Employment, Housing Recovery, New Jersey Real Estate | 6 Comments

Jersey foreclosures finally turning the corner?

Posted on January 6, 2016 by grim

From the Record: New N.J. foreclosure filings dip for first time in four years New residential foreclosure filings fell last year in New Jersey for the first time since 2011, which experts say is another sign that the state’s economy … Continue reading →

Posted in Foreclosures, Housing Recovery, New Jersey Real Estate | 125 Comments

“This year will be a good year for housing”

Posted on January 5, 2016 by grim

From the Record: Job growth lifts housing outlook for 2016 Buoyed by strong job growth, the housing market in the new year will continue to climb out of its worst downturn in generations. As the unemployment rate has dropped to … Continue reading →

Posted in Demographics, Economics, Employment, Foreclosures, Housing Recovery, New Jersey Real Estate | 133 Comments