Category Archives: Housing Recovery

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

Underwater owners down 50% from peak

Posted on September 19, 2015 by grim

From the NYT: Fewer Underwater Mortgage Holders The share of underwater mortgage holders — those who owe more than their homes are worth — has dropped by more than half since peaking in early 2012, according to new data from … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate | 19 Comments

Repossessions spike? REPOSSESSIONS SPIKE?!?!?!?!

Posted on September 18, 2015 by grim

More like “as repossessions finally begin moving from a grinding halt” (and that this is GOOD NEWS)… From the Star Ledger: N.J. foreclosure rate again ranks among top in U.S. as repossessions spike While the number of homes entering the … Continue reading →

Posted in Foreclosures, Housing Recovery, New Jersey Real Estate | 136 Comments

Go ahead, hike, I dare you.

Posted on September 17, 2015 by grim

From Reuters: For hot New York property market, a Fed move won’t change much Not even a rate hike from the Federal Reserve is expected to cool off the hot New York commercial real estate market, where demand remains high, … Continue reading →

Posted in Economics, Housing Recovery, New Development, NYC | 106 Comments

The kids are (mostly) alright

Posted on September 16, 2015 by grim

From Marketplace: Young people dip into housing market The housing industry appears to finally be in broad recovery mode after years of struggle following the official end of the recession in 2009. Housing starts and sales are rising, home prices … Continue reading →

Posted in Demographics, Economics, Employment, Housing Recovery, National Real Estate | 47 Comments

Which way is up? A new home price index.

Posted on September 4, 2015 by grim

From Bloomberg: Almost Half of Homes in New York and D.C. Are Now Losing Value Almost half of single-family houses in the New York and Washington metropolitan areas are losing value, a sign that buyers’ tolerance for high prices in … Continue reading →

Posted in Economics, Housing Bubble, Housing Recovery, National Real Estate | 59 Comments

30% of the US at peak home price (but not NJ)

Posted on September 2, 2015 by grim

From HousingWire: CoreLogic: Home prices rose 6.9% in July 2015 Home prices nationwide, including distressed sales, increased by 6.9% in July 2015 compared with July 2014, according to CoreLogic. On a month-over-month basis, home prices nationwide, including distressed sales, increased … Continue reading →

Posted in Housing Recovery, National Real Estate | 84 Comments

Welcome Home!

Posted on September 1, 2015 by grim

From the Real Deal: The Chinese are about to flood the US real estate market The chaos of the past few weeks is likely to lead to an acceleration in the rate of real-estate purchases by wealthy Chinese buyers in … Continue reading →

Posted in Demographics, Economics, Housing Recovery, National Real Estate | 76 Comments

Will higher rates tank the market?

Posted on August 29, 2015 by grim

From Reuters: U.S. housing market seen strong enough to handle Fed rate hikes: Reuters poll The U.S. housing market is probably strong enough to stand up against an interest rate hike by the Federal Reserve this year, with stabilizing home … Continue reading →

Posted in Economics, Housing Recovery, Mortgages | 44 Comments

Pending Home Sales Up in July

Posted on August 28, 2015 by grim

From CNBC: Pending home sales rose just 0.5% in July U.S. home buyer demand remained steady in July, although consumers did not react significantly to easing mortgage rates. An index of so-called pending home sales from the National Association of … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate | 51 Comments

The Buyers Are Back In Town

Posted on August 26, 2015 by grim

Guess who just got back today Them wild-eyed boys that had been away Haven’t changed that much to say But man, I still think them cats are crazy They were askin’ if you were around How you was, where you … Continue reading →

Posted in Demographics, Economics, Housing Recovery, National Real Estate | 101 Comments

Housing data to set the stage

Posted on August 25, 2015 by grim

From CNBC: Home prices rise 5% in June vs. expectations for 5.1% gain: S&P/Case-Shiller U.S. home prices continued to rise in June, according to the S&P/Case-Shiller Home Price Index, but the increase fell short of analyst estimates. The 20-city index … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate | 59 Comments

Philly metro sees best spring market in years

Posted on August 23, 2015 by grim

From the Philly Inquirer: Region – especially Phila. – had a good spring for home sales Spring’s real estate market was the Philadelphia area’s best since the housing bubble burst in mid-2007, with significant increases in prices and sales volume … Continue reading →

Posted in Housing Recovery, South Jersey Real Estate | 10 Comments

Salvage cat is out of the bag

Posted on August 22, 2015 by grim

From the NYT: Recycled Kitchens, Salvaged Splendor When Jonathan and Barbara Pessolano began renovating an 1850s three-family house on Staten Island earlier this year, they didn’t intend to make it a model of recycling. But a search for a deal … Continue reading →

Posted in Housing Recovery, New Development, New Jersey Real Estate | 36 Comments

Existing Home Sales at 8 year high

Posted on August 21, 2015 by grim

From the WSJ: U.S. Existing-Home Sales Reach Prerecession Pace Sales of existing homes climbed in July to their prerecession pace, but low inventory and higher prices threaten to curtail those gains heading into the fall. Existing-home sales rose 2% last … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate | 123 Comments