Category Archives: Housing Recovery

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

Shocking: Expectations between the dumb and the blind don’t align

Posted on July 16, 2015 by grim

From HousingWire: Chasm developing between homeowner, appraiser opinions Appraiser home value opinions fell further below homeowner estimates in June, marking the fifth consecutive month of this trend at the national level, according to Quicken Loans. Appraiser opinions of home values … Continue reading →

Posted in Housing Recovery, National Real Estate | 116 Comments