Category Archives: Housing Recovery

Come back in 3 years

Posted on November 12, 2014 by grim

From HousingWire: Zillow: Housing won’t normalize for at least 3 years While a small percentage of people said they believe the housing market either already has returned to normal, or will in the next 12 months, 40% said it would … Continue reading →

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

Millennials the most important demographic?

Posted on November 11, 2014 by grim

From HousingWire: Millennials still grapple with first-time homebuying “Among primary residence homebuyers, the demographics have shifted dramatically, especially among first-time homebuyers, whose share of the market has dropped to its lowest level in decades,” said Jessica Lautz, director of member … Continue reading →

Posted in Demographics, Economics, Employment, Housing Recovery | 186 Comments

Prices decline in South Jersey

Posted on November 9, 2014 by grim

From the Press of Atlantic City: Home-price reports show gains, declines in South Jersey Home prices continued to increase moderately nationwide in the third quarter, the National Association of Realtors said this week, but in the South Jersey shore region, … Continue reading →

Posted in Demographics, Economics, Employment, Housing Recovery, South Jersey Real Estate | 27 Comments

No drop in asking prices

Posted on November 6, 2014 by grim

From MarketWatch: Asking prices for houses accelerate in 40 metro areas Home prices may be plateauing across the U.S., but the increase in asking prices for homes has accelerated in 40 of the nation’s largest 100 metro areas in October … Continue reading →

Posted in Housing Recovery, National Real Estate | 232 Comments

When in doubt, rent.

Posted on November 4, 2014 by grim

From the WSJ: First-Time Home Buyers Fade Further First-time home buyers made up the smallest share of U.S. buyers in nearly three decades, a traditionally solid slice of the housing market whose absence is raising questions about the impact of … Continue reading →

Posted in Demographics, Economics, Employment, Housing Recovery | 123 Comments

Homeownership lowest since 1995 … Rental vacancies lowest since 1995

Posted on October 31, 2014 by grim

From Bloomberg: U.S. Homeownership Rate Falls to Lowest Since Early 1995 The homeownership rate in the U.S. fell to the lowest in more than 19 years as the market shifted toward renting and tight credit blocked some potential buyers. The … Continue reading →

Posted in Economics, Employment, Housing Recovery, Mortgages | 144 Comments

NY Metro Home Prices Up 3.1% YOY

Posted on October 29, 2014 by grim

From the Record: Home prices up 3.1 percent in region, 5.6 percent nationwide Home values rose 3.1 percent in the region in the 12 months ending in August, the S&P/Case-Shiller home price index reported Tuesday – evidence that the housing … Continue reading →

Posted in Housing Recovery, New Jersey Real Estate | 98 Comments

September Pending Sales Improve Slightly

Posted on October 28, 2014 by grim

From Bloomberg: Pending Home Sales Index Posts Small Gain in September The number of contracts signed to buy previously owned homes rose slightly in September after an August decline, a sign the housing recovery remains uneven. Pending sales of existing … Continue reading →

Posted in Housing Recovery, National Real Estate | 83 Comments

Nobody happy about September’s New Home Sales

Posted on October 27, 2014 by grim

From HousingWire: New home sales gains screech to a virtual halt in September Gains in sales of new single-family houses in September 2014 came to a screeching virtual halt, printing at a seasonally adjusted annual rate of 467,000, according to … Continue reading →

Posted in Economics, Employment, Housing Recovery, National Real Estate, New Development | 122 Comments

Foreclosure rate falls, NJ still near top

Posted on October 24, 2014 by grim

From MarketWatch: Foreclosures at lowest rate since February 2008 U.S. foreclosures have fallen to their lowest rate since February 2008, as states clear the backlog of foreclosures from the crisis years and the market slowly returns to normal. At 1.76% … Continue reading →

Posted in Foreclosures, Housing Recovery, National Real Estate | 117 Comments

More homeowners learn to swim, seriously delinquencies continue to fall

Posted on October 23, 2014 by grim

From MarketWatch: 15% of homes still seriously underwater According to a report released Thursday by RealtyTrac, 15% of U.S. properties (representing 8.1 million properties) with a mortgage are seriously underwater — meaning the homeowner owes at least 25% more than … Continue reading →

Posted in Economics, Housing Recovery, Mortgages, National Real Estate, Risky Lending | 117 Comments

Existing home sales stronger in September

Posted on October 22, 2014 by grim

From the WSJ: U.S. Existing-Home Sales Hit Highest Level of Year U.S. home sales reached the highest level of the year in September, a sign of slowly building momentum in a housing market whose recovery has come in fits and … Continue reading →

Posted in Economics, Employment, Housing Recovery, National Real Estate | 93 Comments

October Beige Book

Posted on October 16, 2014 by grim

From the Federal Reserve: October Beige Book Second District–New York Growth in the Second District’s economy has slowed to a somewhat more modest pace since the last report. Prices of finished goods and services continue to rise at a subdued … Continue reading →

Posted in Economics, Employment, Housing Recovery, New Jersey Real Estate | 103 Comments

Rental prices continue to outpace purchase prices

Posted on October 10, 2014 by grim

From HousingWire: Cost to rent rising faster than home prices Nationally, asking prices for condos rose 7.3% year-over-year in September, according to Trulia’s (TRLA) latest rent and price monitor. That’s more than the 6% increase for single-family homes. Asking prices … Continue reading →

Posted in Demographics, Economics, Housing Recovery | 99 Comments

Roll the dice

Posted on October 7, 2014 by grim

From the APP: What superstorm? New homes on fast track on LBI It’s looking like the good ol’ days on Long Beach Island, before there was a Great Recession and such a thing as a superstorm. Nearly two years ago … Continue reading →

Posted in Housing Recovery, Shore Real Estate | 108 Comments