Category Archives: Housing Recovery

September sales jump, second best level since 2007

Posted on October 23, 2015 by grim

From the WSJ: U.S. Existing Home Sales Surge in September Sales of previously owned homes swung to a big increase in September, putting the market back on track for its strongest year since 2007. Existing-home sales climbed 4.7% last month … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate | 96 Comments

Millennials to lead the housing charge?

Posted on October 22, 2015 by grim

From MarketWatch: Why millennials should buy a home today Sachita Kumar did something that few people her age appear to be doing in 2015: She bought a house. “We decided that we just didn’t want to pay someone rent, so … Continue reading →

Posted in Demographics, Economics, Housing Recovery, National Real Estate | 61 Comments

GSE Reform Dead

Posted on October 21, 2015 by grim

From HousingWire: GSE leadership no longer expecting reform The government-sponsored enterprises are getting back to their core mission, shaking the idea that a resolution to conservatorship is just around the corner and reshaping their business models to reduce risk to … Continue reading →

Posted in Economics, Housing Recovery, Politics, Risky Lending | 84 Comments

Prospective buyers don’t want to eat Friskies

Posted on October 18, 2015 by grim

From the APP: N.J. housing buyers resisting higher property taxes Weighed down by high property taxes and a sluggish economy, New Jersey’s housing market is recovering from the Great Recession much more slowly than the rest of the nation. It’s … Continue reading →

Posted in Economics, Housing Recovery, New Jersey Real Estate | 16 Comments

Foreclosures decline, NJ still in foreclosure logjam

Posted on October 14, 2015 by grim

From MarketWatch: CoreLogic Reports 36,000 Completed Foreclosures in August 2015 CoreLogic…today released its August 2015 National Foreclosure Report which shows the foreclosure inventory declined by 25.2 percent and completed foreclosures declined by 20.1 percent compared with August 2014. The number … Continue reading →

Posted in Foreclosures, Housing Recovery, National Real Estate, New Jersey Real Estate | 110 Comments

Maybe a little NYC magic will rub off on us?

Posted on October 10, 2015 by grim

From the NYT: Manhattan Apartment Prices Near Million-Dollar Mark, Reports Say A million dollars doesn’t buy what it used to in Manhattan. A combination of high demand and too few listings pushed the median sales price for a Manhattan apartment … Continue reading →

Posted in Economics, Housing Recovery, NYC | 42 Comments

New Jersey’s Zombies

Posted on October 8, 2015 by grim

From HousingWire: Zombie foreclosures down 43% in third quarter from last year Precisely 20,050 U.S. residential properties in the foreclosure process — but not yet repossessed by the foreclosing lender — were vacant “zombie” homes as of the end of … Continue reading →

Posted in Economics, Foreclosures, Housing Recovery | 59 Comments

Home price gains moderating (maybe)

Posted on October 7, 2015 by grim

From HousingWire: CoreLogic: Home prices rose 6.9% annually in August Home prices are up both year over year and month over month for August, according to CoreLogic (CLGX). According to the CoreLogic HPI, home prices nationwide, including distressed sales, increased … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate | 102 Comments

Cash-out in style again

Posted on October 6, 2015 by grim

From HousingWire: Black Knight: Cash-out refis up 68% since 2Q 2014 Cash-out refinances were up 68% year-over-year from the second quarter of 2014, as borrowers take advantage of still-low rates and newfound equity in their homes, according to Black Knight … Continue reading →

Posted in Housing Recovery, Mortgages, National Real Estate | 110 Comments

West Milford among the worst?

Posted on October 5, 2015 by grim

From the Record: Popular magazine ranks West Milford among state’s worst places to live According to a prominent monthly magazine, West Milford Township is among the worst places in the state to live. West Milford Mayor Bettina Bieri is not … Continue reading →

Posted in Housing Recovery, New Jersey Real Estate | 83 Comments

Cash sales drop, NJ among top

Posted on September 30, 2015 by grim

From HousingWire: CoreLogic: Cash sales in June drop to 31% Cash sales made up 31.3% of total home sales in June 2015, down from 33.9% in June 2014, according to the latest report from CoreLogic (CLGX). The year-over-year share has … Continue reading →

Posted in Demographics, Housing Recovery | 143 Comments

Pending Home Sales dip – Sign of something more to come?

Posted on September 29, 2015 by grim

From CNBC: Pending home sales fell 1.4% in August Rising home prices and a tight supply of homes for sale are keeping buyers at bay. A monthly index measuring signed contracts to buy existing homes, so-called pending home sales, fell … Continue reading →

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

No Quick Recovery for Jersey

Posted on September 28, 2015 by grim

From the APP: Jersey Shore home prices: Rising, but how far? Looking to buy or sell a home? Nearly 10 years after the market in Monmouth and Ocean counties hit its peak, residential real estate has shown encouraging signs of … Continue reading →

Posted in Housing Recovery, New Jersey Real Estate, Shore Real Estate | 62 Comments

Existing home sales fall, nobody cares

Posted on September 22, 2015 by grim

From the WSJ: U.S. Existing Home Sales Fall Rising home prices are starting to catch up with buyers and may be leading some to put off buying for a little longer. Existing home sales tumbled 4.8% in August to a … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate | 63 Comments

Can someone please school Yellen?

Posted on September 21, 2015 by grim

From Bloomberg: Janet Yellen Sees a ‘Very Depressed’ Housing Market While Federal Reserve Chair Janet Yellen heaped praise on the U.S. labor market in her press conference on Thursday, the housing market got little love. Residential real estate “remains very … Continue reading →

Posted in Demographics, Economics, Employment, Housing Recovery | 76 Comments