Category Archives: Housing Recovery

The rent squeeze continues

Posted on August 16, 2015 by grim

From the WSJ: Renters Spent a Record-High Share of Income on Rent This Spring The rental squeeze is getting worse, according to a new report by Zillow, as people are paying the highest-ever percentage of their income on rent. Renters … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate | 9 Comments

The Shift To Urban Core Continues

Posted on August 13, 2015 by grim

From HousingWire: Fitch: U.S. housing demand pendulum swinging back to city centers Amid stabilizing U.S. home price growth lies a demographic shift that is underway across much of the country, according to Fitch Ratings in its latest quarterly U.S. RMBS … Continue reading →

Posted in Demographics, Housing Recovery, National Real Estate, New Development | 78 Comments

Housing market addicted to heroin?

Posted on August 11, 2015 by grim

From HousingWire: Can this sickly housing recovery survive without artificially low interest rates? Other metrics in housing may be showing worrying signs of a slowdown, but one thing is evident and that’s housing demand is continuing to strengthen. That’s a … Continue reading →

Posted in Housing Recovery, Mortgages, National Real Estate | 69 Comments

Good time to stay put?

Posted on August 10, 2015 by grim

From HousingWire: Consumers don’t think it’s the right time to buy The percentage of consumers who believe it is a good time to buy dropped to 61%, an all-time survey low­, right as summer is about to come to a … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate | 58 Comments

Big ticket back in BC?

Posted on August 8, 2015 by grim

From the Record: Two houses in Alpine sell for more than $10 million Two large Alpine homes have sold for more than $10 million this summer — the priciest deals in Bergen County in more than a year, though the … Continue reading →

Posted in Housing Recovery, New Jersey Real Estate | 40 Comments

Jobs Day

Posted on August 7, 2015 by grim

From MarketWatch: Here’s what to watch in the July jobs report Another round of solid hiring gains in July won’t guarantee that the Federal Reserve will raise interest rates next month — but a good number could set the oven … Continue reading →

Posted in Economics, Housing Recovery | 49 Comments

US Real Estate – 40 months of price increases

Posted on August 5, 2015 by grim

From HousingWire: CoreLogic: Home prices rose an amazing 6.5% annually in June Home prices nationwide, including distressed sales, increased by 6.5% in June 2015 compared with June 2014, according to the June 2015 CoreLogic Home Price Index. This change represents … Continue reading →

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

NJ 2016 Outlook

Posted on August 4, 2015 by grim

From Joel Naroff at NJ Business: The Naroff Review Overview: “New Jersey’s slow economic recovery continues, but broadening job gains hold out hope that the expansion is starting to pick up steam.” While New Jersey didn’t get hurt quite as … Continue reading →

Posted in Economics, Foreclosures, Housing Recovery, New Jersey Real Estate | 77 Comments

Don’t you worry about those unintended consequences

Posted on August 3, 2015 by grim

From NJ Spotlight: REPORT: FORECLOSURES, EMPTY HOMES STILL DRAGGING DOWN NEWARK’S ECONOMY Baraka’s response – a plan for eminent-domain acquisition of inflated mortgages in two ‘model neighborhoods’ – may be needed citywide. A new report finds foreclosures and housing vacancies … Continue reading →

Posted in Foreclosures, Housing Recovery, Mortgages, New Jersey Real Estate, Politics, Risky Lending | 146 Comments

Fewer Underwater Homeowners in NJ

Posted on July 30, 2015 by grim

From the Record: Share of underwater homeowners declines in NJ, US About one in every seven New Jersey homeowners with mortgages, or 14.6 percent, are “seriously underwater” — owing much more on their mortgages than the home is worth, according … Continue reading →

Posted in Economics, Housing Recovery, New Jersey Real Estate | 218 Comments

Case Shiller – US Up 4.4% YOY in May

Posted on July 29, 2015 by grim

From the WSJ: Home-Price Growth Remained Solid in May Home prices made solid gains in May, according to a report released Tuesday, as home price growth appears to be largely flattening out after a long, uneven recovery. The S&P/Case-Shiller Home … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate | 139 Comments

Home prices near peaks across US

Posted on July 27, 2015 by grim

From HousingWire: Black Knight: Home prices approach pre-crisis peak Home prices are approaching their pre-crisis peak, according to a new report from Black Knight Financial Services (BKFS). Black Knight’s latest Home Price Index report, based on May 2015 residential real … Continue reading →

Posted in Demographics, Economics, Housing Recovery, National Real Estate | 132 Comments

Canary?

Posted on July 24, 2015 by grim

From Bloomberg: Hamptons Home Prices Fall as More Sellers List Properties The real estate market in New York’s Hamptons has cooled from a frenzied pace, with the median sale price in the beachfront towns falling to the lowest in a … Continue reading →

Posted in Housing Bubble, Housing Recovery, Shore Real Estate | 93 Comments

Home sales at highest level since 2007

Posted on July 23, 2015 by grim

From Reuters: U.S. home sales approach eight-and-a-half-year high, prices surge U.S. home resales rose in June to their highest level in nearly 8-1/2 years, a sign of pent-up demand that should buoy the housing market recovery and likely keep the … Continue reading →

Posted in Housing Recovery, National Real Estate | 103 Comments

Hammers start swinging again

Posted on July 18, 2015 by grim

From Bloomberg: Housing Starts in U.S. Surge to Second-Highest Level Since 2007 New-home construction in the U.S. climbed in June to the second-highest level since November 2007 as builders stepped up work on apartment projects. Housing starts rose 9.8 percent … Continue reading →

Posted in Housing Recovery, National Real Estate, New Development | 26 Comments