Category Archives: Housing Recovery

Measuring the buyer/appraiser disconnect

Posted on June 15, 2015 by grim

From HousingWire: Homeowner, appraiser home value opinion gap widens The difference between appraiser and homeowner perceptions continued to increase for the fourth consecutive month in May, Quicken Loans reports. Appraiser opinions of home values were 1.15% lower than homeowner estimates, … Continue reading →

Posted in Economics, Housing Bubble, Housing Recovery | 112 Comments

Bayonne the hot new market?

Posted on June 14, 2015 by grim

From the Hudson Reporter: Going up, up, up With dozens of rental developments in Hudson County going up and many recently being completed, why does a current report say that county rents are still on the rise, and may actually … Continue reading →

Posted in Economics, Housing Recovery, New Development, New Jersey Real Estate | 30 Comments

9 years of foreclosure inventory in NJ

Posted on June 11, 2015 by grim

From Black Knight Mortgage Monitor Black Knight’s April Mortgage Monitor: 62 Percent of Seriously Delinquent Loans Have Undergone Home Retention Actions; Florida Sees Greatest Backlog Improvement This month, Black Knight examined the most recent data on home retention actions — … Continue reading →

Posted in Foreclosures, Housing Recovery, New Jersey Real Estate, Risky Lending | 126 Comments

Homeownership rate to fall even lower

Posted on June 9, 2015 by grim

From the WSJ: New Housing Headwind Looms as Fewer Renters Can Afford to Own Last decade’s housing crisis could give way to a new one in which many families lack the incomes or savings needed to buy homes, creating a … Continue reading →

Posted in Demographics, Economics, Housing Recovery, National Real Estate | 161 Comments

Newark Gentrification?

Posted on June 5, 2015 by grim

From the Star Ledger: ‘Renaissance’ or ‘gentrification’?: Panel to take on narratives surrounding Newark redevelopment Is Newark on its way to becoming the new Brooklyn? Or will it be, as city officials are fond of saying, “Newark 3.0”? … Entitled … Continue reading →

Posted in Demographics, Economics, Housing Recovery, New Development | 117 Comments

Down payments fall, more buying with less

Posted on June 4, 2015 by grim

From HousingWire: RealtyTrac: Average down payment falls to three-year low The average down payment for single-family homes, condos and townhomes purchased in the first quarter fell to 14.8% of the purchase price, a slight dip from 15.2% the previous quarter … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate | 138 Comments

April Home Prices Heat Up

Posted on June 3, 2015 by grim

From MarketWatch: U.S. house prices accelerate in April, CoreLogic says U.S. house prices accelerated further in April, as low inventories and growing sales push costs higher, a leading data provider said Tuesday. CoreLogic reported a 2.7% monthly advance to take … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate | 224 Comments

“The concentration in the northeast quadrant of the state is striking”

Posted on May 30, 2015 by grim

From the Record: Homebuilding revs up in NJ, led by multifamily construction Home construction continues to heat up in New Jersey, especially in the multifamily sector, as builders obtained the largest number of monthly permits in April since the housing-boom … Continue reading →

Posted in Housing Recovery, New Development, New Jersey Real Estate | 44 Comments

Smooth sailing for NJ real estate?

Posted on May 29, 2015 by grim

From the Star Ledger: N.J. home sale prices tick up as Realtors report strong housing market New Jersey homes are selling for more than they were a year ago, new data shows, as real estate professionals in the state report … Continue reading →

Posted in Demographics, Economics, Housing Recovery, New Jersey Real Estate | 94 Comments

Best April in 8 years

Posted on May 26, 2015 by grim

From the Courier News: After strong April, is NJ real estate heating up? Last month saw the highest number of home-sale contract signings — 9,700 — for New Jersey homes since April 2006, according to a real estate expert who … Continue reading →

Posted in Housing Recovery, New Jersey Real Estate | 97 Comments

Expensive to buy here, expensive to rent here – but it’s cheaper than NYC!

Posted on May 20, 2015 by grim

From the Star Ledger: N.J. is one of the most expensive places to rent in the country, new study says The roughly one-third of New Jersey households comprised of tenants face rents that rank among the most costly in the … Continue reading →

Posted in Housing Recovery, New Jersey Real Estate, NYC | 147 Comments

Price inelasticity of rentals

Posted on May 19, 2015 by grim

From HousingWire: Freddie Mac: Rising rents aren’t pushing residents to homeownership Conventional wisdom holds that rising rents drive people to homeownership, but new research from Freddie Mac suggests the conventional wisdom is all wrong. Freddie Mac commissioned Harris Poll to … Continue reading →

Posted in Housing Recovery, National Real Estate | 179 Comments

Who has recovered, and who hasn’t (or won’t?)

Posted on May 18, 2015 by grim

From the Washington Post: Are you not feeling the economic recovery? This could be why. William Gibson’s observation about the future was a reference to the idea that people have different access to new technology based on wealth and location. … Continue reading →

Posted in Demographics, Economics, Employment, Housing Recovery, National Real Estate | 134 Comments

Buying your way in

Posted on May 16, 2015 by grim

From the NYT: Want a Green Card? Invest in Real Estate Like many of her fellow classmates at New York University, Yanchu Zhao has a busy schedule. A college junior, she has a double major in economics and journalism, and … Continue reading →

Posted in Demographics, Economics, Housing Recovery, NYC | 26 Comments

41st consecutive month of foreclosure inventory declines

Posted on May 13, 2015 by grim

From DSNews: Foreclosure Inventory, Completions Continue Decline Toward Pre-Crisis Levels Completed foreclosures experienced another substantial year-over-year decline in March, moving even further away from their peak from nearly five years ago, according to CoreLogic’s March 2015 National Foreclosure Report released … Continue reading →

Posted in Economics, Foreclosures, Housing Recovery, National Real Estate | 112 Comments