Category Archives: Housing Recovery

National Home Prices up 6.8% YOY

Posted on December 2, 2015 by grim

From HousingWire: CoreLogic: Home prices rise 6.8% in October Home prices nationwide, including distressed sales, increased by 6.8% in the month of October when compared with one year ago, according to CoreLogic’s (CLGX) latest Home Price Index. CoreLogic’s latest Home … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate | 149 Comments

Pending Home Sales up 3.9% YOY in October

Posted on December 1, 2015 by grim

From the WSJ: Pending Home Sales Rise 0.2% in October The number of existing homes that went under contract in the U.S. inched up in October, a sign the housing market remains stable heading into the final months of the … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate | 125 Comments

Don’t be too thankful for the recovery

Posted on November 27, 2015 by grim

From the WSJ: Real Home Prices Could Take 17 Years to Return to Peak Home prices have been growing at a rate that some see as alarming—about twice the rate of wages. But adjusting for inflation, the market still has … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate | 13 Comments

Prices, inventory weigh on home sales, but still up year over year

Posted on November 24, 2015 by grim

From Bloomberg: Sales of Existing U.S. Homes Fall From Second-Highest Since 2007 Sales of previously owned U.S. homes retreated in October from the second-highest level since 2007 as lean inventory limited momentum in residential real estate. Closings, which usually take … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate | 91 Comments

Fewer underwater than they think?

Posted on November 23, 2015 by grim

From the WSJ: Why the Housing Rebound Hasn’t Lifted the U.S. Economy Much American homeowners are finally digging out of the hole created by the housing crisis. But their housing wealth is playing a much smaller role in the overall … Continue reading →

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

If high taxes mean no jobs, why has NY recovered?

Posted on November 20, 2015 by grim

From the Star Ledger: N.J. has worst business tax climate in U.S., study finds New Jersey’s high property and income taxes contribute to its standing as the nation’s least attractive tax climate for businesses, according to a Washington tax policy … Continue reading →

Posted in Housing Recovery, Politics, Property Taxes | 97 Comments

The HELOC is back!

Posted on November 14, 2015 by grim

From the NYT: Cashing in on Home Equity Rising home prices are raising equity levels, and homeowners are cashing in on these gains. In the first three quarters of this year, the sales volume of single-family homes and condominiums reached … Continue reading →

Posted in Economics, Employment, Housing Recovery, Risky Lending | 80 Comments

Foreclosures Jump in October

Posted on November 13, 2015 by grim

From HousingWire: RealtyTrac: Foreclosure starts post highest jump in more than four years Foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 115,134 U.S. properties in October, up 6% from the previous month. This is … Continue reading →

Posted in Economics, Foreclosures, Housing Recovery, New Jersey Real Estate | 91 Comments

Housing confidence dips in October

Posted on November 10, 2015 by grim

From HousingWire: Fannie Mae: Consumer confidence in housing market fell in October Consumers’ feelings towards the housing market were weaker in the month of October than they were in September, as some consumers displayed hesitancy to commit to the long-term … Continue reading →

Posted in Demographics, Economics, Employment, Housing Recovery | 82 Comments

Hope you locked in your refi

Posted on November 7, 2015 by grim

From the Washington Post: After stellar month for U.S. jobs market, Federal Reserve increasingly likely to raise interest rates The U.S. job market has almost fully healed from the deep wounds of the Great Recession, raising expectations that the Federal … Continue reading →

Posted in Economics, Employment, Housing Recovery, Mortgages | 71 Comments

Best September Since 2005

Posted on November 4, 2015 by grim

From the Otteau Group: MarketNEWS October 30, 2015 Home purchase demand in New Jersey increased for the 13th consecutive month in September with more than 8,000 home-purchase contracts. This was the highest number of purchase contracts recorded in the month … Continue reading →

Posted in Economics, Housing Recovery, New Jersey Real Estate | 180 Comments

So much for the boom?

Posted on October 30, 2015 by grim

From CNBC: Pending home sales down 2.3% in September Signed contracts to buy existing homes dropped 2.3 percent in September from August and were just 3 percent higher than one year ago, according to the National Association of Realtors. The … Continue reading →

Posted in Housing Recovery, National Real Estate | 123 Comments

Home prices up 5.1% in August

Posted on October 28, 2015 by grim

From the WSJ: U.S. Home Price Growth Gains Strength in August, Case-Shiller Says Home prices rose in August, according to a report released Tuesday, suggesting the market has momentum heading into the final months of the year. The S&P/Case-Shiller Home … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate | 119 Comments

New Home Sales Tank

Posted on October 27, 2015 by grim

From CNBC: US new home sales drop to near one-year low New U.S. single-family home sales fell to near a one-year low in September after two straight months of gains, suggesting a temporary cooling in the market for new houses. … Continue reading →

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

Home Prices continue to hit new highs

Posted on October 26, 2015 by grim

From HousingWire: Home prices rise 0.3% in August, up 5.6% since January Home prices were up 0.3% for the month, rising 5.5% on a year-over- year basis, according to the August house price index from Black Knight Financial Services. This … Continue reading →

Posted in Housing Recovery, National Real Estate | 70 Comments