Category Archives: Housing Recovery

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

Access to credit holding back first time buyers? (Not student loans)

Posted on May 12, 2015 by grim

From HousingWire: What’s holding back first-time homebuyers The rising burden of student debt doesn’t explain the weakness in home sales to first-time buyers, so the question arises what is holding this segment back? Capital Economics says that some of the … Continue reading →

Posted in Housing Recovery, Mortgages, National Real Estate | 187 Comments

Negative Equity at the Top? Not in NJ.

Posted on May 5, 2015 by grim

Sorry folks, finally we have the data to show it. Negative equity simply isn’t prevalent at the top-end of the market. From Black Knight: Black Knight Mortgage Monitor – March 2015 Report Low-end homes in the New York-New Jersey CBSA … Continue reading →

Posted in Demographics, Economics, Housing Recovery, New Jersey Real Estate | 112 Comments

Next bubble already?

Posted on May 4, 2015 by grim

From HousingWire: Home price and wage divergence raise alarms Elsewhere and throughout most markets, home prices and rents keep rising, but sharply declining homeownership means fewer households are benefitting and more and more households are being priced out of homeownership … Continue reading →

Posted in Demographics, Economics, Employment, Housing Recovery | 60 Comments

Inventory on the horizon? Maybe not.

Posted on May 2, 2015 by grim

From DS News: Economist: Declining Shadow Inventory Will Not Help Country’s Short Housing Supply A consistent and steady decline in shadow inventory, which is the number of residential properties that are in foreclosure but not being sold because the owner … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate | 15 Comments

March Case Shiller

Posted on April 28, 2015 by grim

From the WSJ: Case-Shiller Home Price Index Climbs Modestly in February Home prices continued to rise modestly in February, according to a report released on Tuesday, a continued upward push in home values which underscores concerns that buyers’ incomes aren’t … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate | 115 Comments

What would have been worse – stalling or foreclosing?

Posted on April 27, 2015 by grim

From the Philly Inquirer: New Jersey still caught in foreclosure nightmare The foreclosure nightmare that haunted U.S. homeowners during and after the Great Recession has loosened its grip considerably in most states. In New Jersey, the bad dream just gets … Continue reading →

Posted in Economics, Foreclosures, Housing Recovery, New Jersey Real Estate | 41 Comments

March Sales Hit 18 Month High

Posted on April 23, 2015 by grim

From the Record: Jobs recovery boosts demand for homes Fueled by a stronger job market, housing sales activity is picking up steam, with existing home sales up 6.1 percent nationwide in March, the National Association of Realtors said Wednesday. A … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate, New Jersey Real Estate | 85 Comments

Foreclosure starts spike in February?

Posted on April 22, 2015 by grim

From HousingWire: Black Knight: March foreclosure starts skyrocket 18% from February The March delinquency rate dropped 12% month-over-month, the largest monthly decline in nine years, but at the same time foreclosure starts skyrocketed 18% in March, according to the Black … Continue reading →

Posted in Foreclosures, Housing Recovery, National Real Estate | 82 Comments

First American: No equity, no sales

Posted on April 18, 2015 by grim

From HousingWire: Lack of equity drags down existing home sales The existing home sales report for March from the National Association of Realtors isn’t due until next week, but Mark Fleming, chief economist for First American, said his early look … Continue reading →

Posted in Economics, Housing Recovery | 21 Comments

Gold Coast rises again?

Posted on April 16, 2015 by grim

From the Jersey Journal: Jersey City sees building boom Jersey City is about to get a lot more crowded. The city is expecting nearly 3,000 residential units to come online before the end of the year, while developers are expected … Continue reading →

Posted in Housing Recovery, New Development, New Jersey Real Estate | 87 Comments

Who can afford to live at the shore?

Posted on April 12, 2015 by grim

From the Press of Atlantic City: Jersey Shore real estate becomes less attainable for young, working families When Daniel and Dana Smith bought their Ventnor Heights home in 2009, it was “a little rough around the edges.” There was an … Continue reading →

Posted in Demographics, Economics, Housing Recovery, Shore Real Estate | 3 Comments

What stigma of foreclosure?

Posted on April 9, 2015 by grim

From WSJ: After Foreclosures, Home Buyers Are Back The housing industry is slowly seeing the return of buyers like Rick LeBlanc, who lost his Michigan home to foreclosure during the financial crisis but now qualifies for a mortgage again. Mr. … Continue reading →

Posted in Foreclosures, Housing Recovery, Risky Lending | 58 Comments

Will national home price growth slow in 2015?

Posted on April 8, 2015 by grim

From HousingWire: Second look: Home price surge unlikely to last CoreLogic’s (CLGX) report on Tuesday showed tepid monthly home price growth but a solid yearly growth of 5.6% for February. While it seemed to suggest that price growth shifted into … Continue reading →

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

Low inventory due to underwater owners? Not quite.

Posted on April 2, 2015 by grim

One of the best pieces I’ve seen yet on the inventory issue. Brings up a host of topics that haven never really been brought to light. Too much to paste in so click the link for the details: Why is … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate | 136 Comments