Category Archives: Housing Recovery

New Jersey – Great place for the wealthy

Posted on December 21, 2014 by grim

From the Star Ledger: N.J.’s income gap has widened significantly since 2000, report shows The income gap between New Jersey’s wealthiest residents and all other groups has widened significantly since the turn of the century, and grew worse after the … Continue reading →

Posted in Demographics, Economics, Employment, Housing Recovery | 75 Comments

Delinquency rates continue to decline

Posted on December 16, 2014 by grim

From NMP: Mortgage Delinquency Rates Continue to Shrink The total balance of seriously delinquent first mortgages–defined as 90 days past due or in foreclosure–was $198.8 billion in November, a decrease of more than 29.8 percent year-over-year and the lowest level … Continue reading →

Posted in Economics, Housing Recovery, Mortgages, Risky Lending | 113 Comments

What Recovery?

Posted on December 15, 2014 by grim

From MarketWatch: Americans are 40% poorer than before the recession The Great Recession is officially over, but Americans are still 40% poorer today than they were in 2007, the year before the global financial crisis. The net worth of American … Continue reading →

Posted in Demographics, Economics, Employment, Housing Recovery | 72 Comments

2015 – Year of the millennial?

Posted on December 11, 2014 by grim

From Fortune: 4 predictions for the housing market in 2015 1. The demographic wave of Millennials will help boost prices: The U.S. has been stuck in a demographic rut, which has dragged down the demand for homes. For the past … Continue reading →

Posted in Demographics, Economics, Employment, Housing Recovery | 71 Comments

Mortgage rates hit 13 month lows

Posted on December 8, 2014 by grim

From MarketWatch: Long-term mortgage rates hit lowest level since May 2013 Long-term mortgage rates have reached their lowest level in more than a year, giving families an opportunity to secure cheap home loans, according to data released Thursday. On the … Continue reading →

Posted in Housing Recovery, Mortgages, National Real Estate | 64 Comments

2015 doesn’t seem so bad

Posted on December 4, 2014 by grim

From Forbes: Housing In 2015: Consumers Upbeat, But Recovery Faces A Tricky Handoff What does 2015 have in store for the housing market? Nine years after the housing bubble peaked and three years after home prices bottomed, the boom and … Continue reading →

Posted in Demographics, Economics, Housing Recovery, National Real Estate | 143 Comments

Pressure to roll back FHA fees

Posted on December 3, 2014 by grim

From the Record: FHA faces more pressure to reduce borrowers’ annual fees After more than doubling home buyers’ annual fees in the wake of the housing bust, the Federal Housing Administration is facing pressure to roll back the fees, especially … Continue reading →

Posted in Housing Recovery, Mortgages, Politics | 129 Comments

Housing to moderate as investors pull back and home buyers sidelined

Posted on December 1, 2014 by grim

From HousingWire: Housing losing momentum? Not if but when Moderation in the housing market is now in its 11th straight month, according to the latest home data index from Clear Capital. National home price gains fell to 6.7% year-over-year and … Continue reading →

Posted in Demographics, Economics, Employment, Housing Recovery, National Real Estate | 78 Comments

A different kind of housing boom in NJ

Posted on November 28, 2014 by grim

From the Record: NJ home building on track for best year since 2006 Powered by a surge in multifamily construction, home building in New Jersey is on track for its strongest year since 2006. Builders have taken out 23,738 building … Continue reading →

Posted in Demographics, Housing Recovery, New Development, New Jersey Real Estate | 73 Comments

October pending sales dip, but still up year to year

Posted on November 27, 2014 by grim

From Reuters: U.S. pending home sales post surprise drop in October Contracts to buy previously-owned U.S. homes unexpectedly fell in October, dropping to their lowest level in four months and casting a shadow over the housing market’s recovery. The National … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate | 46 Comments

Home prices continue to slow

Posted on November 26, 2014 by grim

From the WSJ: U.S. Home Prices Decelerated Further in September, Says S&P/Case-Shiller The yearly growth in home prices across the U.S. decelerated further in September, according to a home price report released Tuesday. The home price index covering the entire … Continue reading →

Posted in Economics, Housing Recovery | 100 Comments

September Case Shiller

Posted on November 25, 2014 by grim

Case Shiller Day – Not that anyone is going to talk about it…

Posted in Economics, Housing Recovery, National Real Estate | 116 Comments

Low rate burnout?

Posted on November 24, 2014 by grim

From MarketWatch: Fannie cuts mortgage-rate outlook, but home buyers may not bite Mortgage-finance giant Fannie Mae cut its outlook Thursday for home-loan rates in 2015, but cheap monthly payments may do little to bump up residential sales, experts said. The … Continue reading →

Posted in Housing Recovery, Mortgages, National Real Estate | 85 Comments

Home sales hit 1 year high

Posted on November 21, 2014 by grim

From the WSJ: Existing Home Sales Rise as Recovery Regains Momentum Sales of existing homes rose in October to their highest level in a year, the latest sign of the U.S. housing recovery shaking off the shock of last year’s … Continue reading →

Posted in Demographics, Economics, Housing Recovery, National Real Estate | 187 Comments

Monthly foreclosures jump. End in sight? Nope.

Posted on November 14, 2014 by grim

From HousingWire: RealtyTrac: Foreclosures increase for two months straight Foreclosure filings, including default notices, scheduled auctions and bank repossessions, increased 15% from last month but are still down 8% from a year ago levels, RealtyTrac’s October Foreclosure Market Report said. … Continue reading →

Posted in Foreclosures, Housing Recovery, National Real Estate | 93 Comments