Category Archives: Housing Recovery

NJ building permits up 30%, rentals account for 63%

Posted on August 29, 2014 by grim

From the Record: NJ builders on track to start largest number of homes since 2006 Despite last winter’s weather delays, New Jersey builders are on track to start the largest number of homes since 2006, led by a boom in … Continue reading →

Posted in Housing Recovery, New Development, New Jersey Real Estate | 52 Comments

Home prices slow, but continue to show gains

Posted on August 27, 2014 by grim

From Bloomberg: Home Prices in 20 U.S. Cities Rose in June at a Slower Pace Home prices in 20 U.S. cities rose at a slower pace in the year ended in June as declining affordability and weak wage gains kept … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate | 157 Comments

Don’t blame it on the Boomers, blame it on Gen X

Posted on August 26, 2014 by grim

From HousingWire: Generation X housing woes impact entire mortgage market Generation X, people 35 to 49, got hit the hardest by the financial crisis and as a negative side effect are now prohibiting the rest of the market from making … Continue reading →

Posted in Demographics, Economics, Employment, Housing Recovery, Risky Lending | 103 Comments

Going Long Jersey

Posted on August 23, 2014 by grim

From the NYT: Life After Brooklyn By many measures, Jeff Huston and his wife, Lisa Medvedik-Huston, arrived late to Williamsburg, Brooklyn. They weren’t among the first waves of artists and hipsters in the early-to-mid ’90s to cross the East River … Continue reading →

Posted in Demographics, Housing Recovery, New Development, NYC | 98 Comments

July home sales at 10 month high

Posted on August 22, 2014 by grim

From Forbes: July Existing Home Sales Hit Highest Pace Of 2014 Sales of previously-owned homes in July rose for the fourth straight month, hitting their highest pace in 2014, according to data released Tuesday by the National Association of Realtors. … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate | 111 Comments

Distressed sales continue decline in June

Posted on August 21, 2014 by grim

From CoreLogic: Distressed Sales Accounted for Just 11 Percent of Total Home Sales in June Distressed sales (REO and short sales) accounted for 11.4 percent of total home sales in June, the lowest share since December 2007 and a strong … Continue reading →

Posted in Economics, Housing Recovery, Risky Lending | 136 Comments

Philly doing any better? Nah.

Posted on August 18, 2014 by grim

From the Philly Inquirer: Regional home sales up, but still lag The real estate market in the eight-county Philadelphia region thawed its way out of a disappointing winter and into a sunnier spring in 2014’s second quarter, but sales still … Continue reading →

Posted in Demographics, Economics, Housing Recovery, National Real Estate | 157 Comments

Since when is Cliffside Park and Wood-Ridge not Suburbia?

Posted on August 17, 2014 by grim

From the Record: As housing rebounds, construction pace picks up at 2 developments In a sign of the housing industry’s rebound, two large North Jersey redevelopment projects — in Wood-Ridge and Cliffside Park — are picking up momentum after being … Continue reading →

Posted in Housing Recovery, New Development, New Jersey Real Estate | 110 Comments

Building up, but no new jobs

Posted on August 5, 2014 by grim

From the Record: Home building is up, but construction hiring hasn’t followed While home building is on the rise in New Jersey, construction hiring in the state has actually declined over the past year. But that may change in the … Continue reading →

Posted in Economics, Employment, Housing Recovery, New Development | 137 Comments

Sandy changes the shore a second time

Posted on August 4, 2014 by grim

From the Record: As shore properties are sold after Sandy, beach towns change Superstorm Sandy sent 18 inches of water rushing in to Bob Zirkel’s Ortley Beach home, causing thousands of dollars in damage. But bad as the storm was … Continue reading →

Posted in Economics, Housing Recovery, New Development, Shore Real Estate | 86 Comments

May home price gains continue to show signs of slowing

Posted on July 30, 2014 by grim

From Forbes: S&P/Case Shiller: May Home Prices Rise At Slowest Rate Since Feb. 2013 In yet another sign that the housing recovery is slowing down, the 14-month streak of double-digit, year-over-year jumps in home prices finally ended in May, data … Continue reading →

Posted in Housing Recovery, National Real Estate | 122 Comments

You’ve got the shore, and you’ve got everything else

Posted on July 29, 2014 by grim

From the Press of Atlantic City: 2014 mixed bag so far for South Jersey real estate Some South Jersey real estate markets are dealing with plenty of distressed properties that affect sale prices. Others have been selling expensive vacation homes. … Continue reading →

Posted in Housing Recovery, New Jersey Real Estate, Shore Real Estate | 93 Comments

Housing finance learns to swim

Posted on July 24, 2014 by grim

From HousingWire: 1 in 6 homes still seriously underwater as home price growth slows In the second quarter some 9.1 million U.S. residential properties were seriously underwater — where the combined loan amount secured by the property is at least … Continue reading →

Posted in Demographics, Economics, Employment, Foreclosures, Housing Recovery | 53 Comments

June Home Sales Hit Eight Month High

Posted on July 23, 2014 by grim

From Bloomberg: Previously Owned U.S. Home Sales Rise to Eight-Month High Sales of previously owned U.S. homes climbed in June to an eight-month high as more listings helped prices cool, luring buyers into the market. Sales increased 2.6 percent to … Continue reading →

Posted in Demographics, Economics, Housing Recovery, National Real Estate | 88 Comments

June Unemployment

Posted on July 18, 2014 by grim

From the Star Ledger: N.J. unemployment rate falls in June as private sector adds 9,600 jobs New Jersey’s unemployment rate ticked down in June to 6.6 percent, adding nearly 10,000 more private sector jobs, according to preliminary data from the … Continue reading →

Posted in Economics, Employment, Housing Recovery, New Jersey Real Estate | 70 Comments