Category Archives: Housing Recovery

June MarketNews

Posted on June 30, 2018 by grim

From the Otteau Group: June MarketNews Home sales in New Jersey increased by 2% in the month of May compared to the same month last year, recording more than 12,200 purchase contracts in a single-month, setting an all-time record. As … Continue reading →

Posted in Demographics, Economics, Housing Bubble, Housing Recovery, New Jersey Real Estate | 71 Comments

Reaching the tipping point?

Posted on June 27, 2018 by grim

From CNBC: Home price gains ease in April: S&P Case-Shiller The heat appears to be coming off home prices, albeit very slightly. Nationally, values rose 6.4 percent annually in April, down from a 6.5 percent gain the previous month, according … Continue reading →

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

Housing market got it’s swimmies back

Posted on June 9, 2018 by grim

From CNBC: US homeowners gained $1 trillion in the last year as their housing values jumped Fast-rising home prices may be a roadblock for buyers, but they are putting some homeowners on Easy Street. As home prices rise, so does … Continue reading →

Posted in Economics, Foreclosures, Housing Recovery, National Real Estate | 77 Comments

Another Strong Spring Market

Posted on June 1, 2018 by grim

From the Otteau Group: MarketNEWS May 31, 2018 Edition NJ YTD Purchase Contracts Back Up After home sales recorded a 6% retraction in March, New Jersey recorded more than 11,000 purchase contracts during the month of April equating to a … Continue reading →

Posted in Demographics, Economics, Employment, Foreclosures, Housing Recovery, New Jersey Real Estate | 138 Comments

Another month, another jump in prices

Posted on May 30, 2018 by grim

From MarketWatch: Home prices are still on a tear, Case-Shiller says The numbers: The S&P/Case-Shiller national index rose a seasonally adjusted 0.4% and was up 6.5% compared to a year ago in March. The 20-city index rose a seasonally adjusted … Continue reading →

Posted in Housing Bubble, Housing Recovery, National Real Estate | 137 Comments

Hot or Not

Posted on May 21, 2018 by grim

From the Star Ledger: These 15 N.J. real estate markets are sizzling hot right now, spring edition 15. Hoboken Current home value: $788,190 Yearly growth: 8.16 Hoboken is a strong city for working millennials. It’s is a little younger than … Continue reading →

Posted in Housing Bubble, Housing Recovery, New Jersey Real Estate | 142 Comments

“This time it’s different”

Posted on May 12, 2018 by grim

Podcast from NPR: Rising Home Prices Lead To Worries Of Another Housing Market Bubble GOLDING: Is the area affordable? The bubbles are when you’re getting away from the fundamentals – when the demand is sort of outstripping the supply, but … Continue reading →

Posted in Housing Recovery, National Real Estate | 122 Comments

How high can it go?

Posted on May 2, 2018 by grim

From CNBC: March home prices make their biggest jump in 4 years—and half of the biggest housing markets are now overvalued Home prices have been rising steadily since the recession, but the gains are suddenly accelerating as spring demand heats … Continue reading →

Posted in Economics, Employment, Housing Recovery, National Real Estate | 96 Comments

Good times on Long Island

Posted on April 27, 2018 by grim

From CBS NY: Long Island Housing Market Making A Serious Comeback Bidding wars, competition among buyers and low inventory are driving up demand for homes. And right now in our region the biggest rush for houses is on Long Island. … Continue reading →

Posted in Housing Recovery, National Real Estate, NYC | 81 Comments

…and still little new housing

Posted on April 23, 2018 by grim

From CNBC: Home prices just took the biggest jump in four years Homebuyers, hold onto your wallets. The gains in home prices are getting bigger as the supply of homes for sale gets leaner. The median price of a home … Continue reading →

Posted in Demographics, Economics, Housing Recovery, National Real Estate | 35 Comments

Come to the dark side

Posted on April 8, 2018 by grim

From CNBC: Jersey City becomes alternative to New York, but without the ‘sticker shock’ in prices Real estate prices in New York City have cooled but remain astronomically high, so Jennifer Tobias, a senior designer at the Studio Sofield design … Continue reading →

Posted in Gold Coast, Housing Recovery, NYC | 11 Comments

Uh Oh

Posted on April 3, 2018 by grim

From Bloomberg: Manhattan Home Sales Tumble Most Since 2009 as Buyers Push Back Home sales in Manhattan plunged by the most since the recession as buyers at all price levels drove hard bargains and were in no rush to close … Continue reading →

Posted in Economics, Housing Recovery, New Development, NYC | 135 Comments

Otteau March MarketNEWS

Posted on March 31, 2018 by grim

From the Otteau Group: March MarketNEWS The number of home sales in New Jersey over the first 2 months of 2018 totaled more than 16,000, setting an all-time record. Still, the 2% year-to-date increase over the same period last year … Continue reading →

Posted in Economics, Housing Recovery, New Jersey Real Estate | 31 Comments

Onslaught

Posted on March 28, 2018 by grim

From HousingWire: Experts: Homebuyers should prepare for onslaught of competition this spring season The latest Case-Shiller report showed home prices are continuing to rise, but now experts say not only are those high prices here to stay, but homebuyers could … Continue reading →

Posted in Demographics, Economics, Housing Recovery, National Real Estate | 146 Comments

Jersey’s pockets a little deeper

Posted on March 17, 2018 by grim

From Corelogic: CoreLogic Reports Homeowner Equity Increased by $908 Billion in 2017 CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released the Home Equity Report for the fourth quarter of 2017, which shows that … Continue reading →

Posted in Economics, Housing Recovery, New Jersey Real Estate | 38 Comments