Category Archives: Housing Recovery

NJ Foreclosures up 140%, does it matter?

Posted on November 15, 2012 by grim

From the Record: Foreclosure filings rise in NJ Lenders continued to ramp up foreclosure activity in New Jersey last month, as mortgage companies worked through the backlog of cases that piled up in the wake of accusations that lenders were … Continue reading →

Posted in Economics, Foreclosures, Housing Recovery, New Jersey Real Estate | 154 Comments

Foreclosure a big bargain? Maybe not.

Posted on November 13, 2012 by grim

From HousingWire: Falling REO inventory dries up foreclosure discounts Some metro areas across the U.S. are experiencing steep discounts on foreclosed properties – upwards of 27% in some cases – but the overall mark-down is not as deep as it … Continue reading →

Posted in Economics, Foreclosures, Housing Recovery | 189 Comments

They will return … to higher prices?

Posted on November 12, 2012 by grim

From Bloomberg: Jersey Shore’s Lure to Homebuyers Seen Surviving Hurricane Sandy Danea Kelly made her first shopping trip for a New Jersey shore vacation home on the Saturday before Hurricane Sandy made landfall. It won’t be her last. While Kelly, … Continue reading →

Posted in Economics, Housing Recovery, Shore Real Estate | 139 Comments

BofA: Home Prices to increase 3.3% a year for the next 10 years

Posted on November 9, 2012 by grim

From HousingWire: BofA Merrill Lynch analysts forecast 5% rise in home prices Bank of America Merrill Lynch revised its housing forecast upward due to a better alignment of supply and demand, and now predicts the S&P/Case-Shiller Index will increase by … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate | 238 Comments

Widespread recovery in home prices?

Posted on November 8, 2012 by grim

From Bloomberg: Home Prices Rise in 81% of U.S. Cities as Markets Recover Prices for single-family homes rose in 81 percent of U.S. cities as the property market extends a recovery from the worst crash since the 1930s. The median … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate | 236 Comments

Corelogic HPI jumps in September

Posted on November 7, 2012 by grim

From the AP: Sustainable housing recovery evident: Home prices in many states rose steadily through year A measure of U.S. home prices jumped 5 percent in September compared to a year ago, the largest year-over-year increase since July 2006. The … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate | 216 Comments

Ask … and ye shall receive?

Posted on November 6, 2012 by grim

From HousingWire: October home prices rise 2.9% as rents soar above 5% Home prices rose 2.9% over last year in October, but had nothing on the rental market which saw rates rise 5.1% from 2011 levels, Trulia said Monday. The … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate | 239 Comments

Case Shiller posts a strong print in August

Posted on October 31, 2012 by grim

From Bloomberg: Home Prices in 20 U.S. Cities Rise by Most in Two Years: Economy Residential real-estate prices increased in the year ended August by the most in two years, a sign housing will continue to boost U.S. economic growth. … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate | 320 Comments

Otteau: Prices to rise by 3% in 2013

Posted on October 26, 2012 by grim

From the Record: Appraiser sees NJ home prices rising in 2013, after long slide After a long, steep slide, New Jersey home prices are poised to begin rising again — slowly — in 2013, appraiser Jeffrey Otteau said Thursday. But … Continue reading →

Posted in Economics, Housing Recovery, New Jersey Real Estate | 151 Comments

Will the lazy scapegoats save the country?

Posted on October 25, 2012 by grim

From the Atlantic: Could Twentysomethings Become the Heroes of the Recovery? Young people are the lazy, smelly scapegoat of the recession. They’re not working, they’re living at home, they’re constantly complaining about their debt, they’re not buying cars or houses, … Continue reading →

Posted in Economics, Housing Recovery | 102 Comments

Booyah, ’nuff said.

Posted on October 23, 2012 by grim

Booyah Bob – Circa 2006: Anonymous says: August 18, 2006 at 12:31 pm Spin this one. “I believe area home sellers are just going to have to get used to these new market conditions because it’s not likely to change … Continue reading →

Posted in Economics, Housing Bubble, Housing Recovery, New Jersey Real Estate | 97 Comments

Sprawl and lattes … discuss.

Posted on October 17, 2012 by grim

Good stuff over at NJ Spotlight: The Real Jersey Comeback Analysts, developers, and academicians all saw hopeful signs, however faint, for New Jersey’s economy and housing market, but told a state conference in Atlantic City that the highly suburbanized state … Continue reading →

Posted in Economics, Housing Recovery, New Development, New Jersey Real Estate | 109 Comments

Words to remember: Multigenerational Household

Posted on October 15, 2012 by grim

From the Record: Area economy still keeping adult children tied to mom and dad They could never afford their own home but their daughter changed the picture recently, clearing that financial obstacle and allowing them to all live together in … Continue reading →

Posted in Economics, Housing Recovery, New Development, New Jersey Real Estate | 55 Comments

October Beige Book

Posted on October 11, 2012 by grim

From the Federal Reserve: October Beige Book-Second District–New York Construction and Real Estate Residential real estate across the District has continued to improve. Housing markets in metropolitan Buffalo reportedly flattened out in August but picked up sharply in September. Northern … Continue reading →

Posted in Economics, Housing Recovery, New Jersey Real Estate | 187 Comments

Housing sentiment positive and improving

Posted on October 10, 2012 by grim

From Fannie Mae: Consumer Attitudes on Housing Continue Summer Season’s Gradual Upward Trend Results from Fannie Mae’s September 2012 National Housing Survey show Americans’ optimism about the recovery of the housing market and with regard to homeownership continued its gradual … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate | 214 Comments