Category Archives: Housing Recovery

Wave is coming, but how big?

Posted on October 9, 2012 by grim

From the Record: New York Fed predicts NJ bank repossessions will rise The number of New Jersey homes repossessed by lenders may increase by 49 percent, and maybe by as much as 140 percent, by the end of 2013, depending … Continue reading →

Posted in Economics, Foreclosures, Housing Recovery, New Jersey Real Estate | 222 Comments

Housing in the post-boomer world

Posted on October 8, 2012 by grim

From HousingWire: Housing goes back in time as boomers hit retirement Housing will never return to pre-crisis levels with baby boomers aging and the next generation lacking the population numbers to support the credit and homeownership expansion that occurred in … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate, New Jersey Real Estate | 153 Comments

Sunny at the Shore?

Posted on October 5, 2012 by grim

From the APP: Bidding wars, rebounding prices signal the Jersey Shore real estate market is coming back Shortly after it came on the market, Michelle M. Johnson and her husband rushed to put in a bid on an old, three-bedroom … Continue reading →

Posted in Housing Recovery, Shore Real Estate | 119 Comments

Is housing sentiment starting to shift?

Posted on October 3, 2012 by grim

From CNN/Money: Economists: Housing recovery finally here It’s been a long time coming, but economists surveyed by CNNMoney believe the nation’s housing market has finally turned the corner. Of the 14 economists who answered questions about home prices in the … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate | 165 Comments

Morgan Stanley: All clear on the housing front

Posted on October 2, 2012 by grim

From HousingWire: Morgan Stanley declares housing out of the woods Investment house Morgan Stanley is pretty confident about the housing recovery. In fact, even with mortgage servicing regulation coming and decisions on qualified mortgages forthcoming, Morgan Stanley believes the housing … Continue reading →

Posted in Economics, Housing Recovery | 156 Comments

Obama: Congress standing in the way of the housing recovery

Posted on October 1, 2012 by grim

From the Hill: Obama calls on Congress to pass refinancing bill President Obama urged Congress on Saturday to pass a refinancing bill to provide a boost to the gradually recovering housing market. In his weekly address, the president argued that … Continue reading →

Posted in Economics, Housing Recovery, Politics | 167 Comments

August Otteau Report

Posted on September 29, 2012 by grim

From the Otteau Group: Home Purchases Accelerating Home purchase demand continues to rise in New Jersey where purchase-contracts increased in August by 29% y-o-y for the 11th consecutive month. Going back to May 2011, housing demand has increased in 15-of-16 … Continue reading →

Posted in Economics, Housing Recovery, New Jersey Real Estate | 102 Comments

August contracts down nationally, but up in the Northeast

Posted on September 28, 2012 by grim

From the NAR: Pending Home Sales Decline in August After reaching a two-year peak, pending home sales fell in August but are at elevated levels compared with a year ago, according to the National Association of Realtors®. The Pending Home … Continue reading →

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

Those peaks look far, far away

Posted on September 26, 2012 by grim

From CNN/Money: Home prices may not return to peak until 2023 Home prices are showing signs of life, but have a long way to go to make up for losses from the housing bust. U.S. home prices dropped by a … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate | 263 Comments

Case Shiller & FHFA Home Price Indicies out this morning

Posted on September 25, 2012 by grim

From CNBC: Housing Recovery Should Show Up in Prices Real estate price data Tuesday should confirm that housing continued to stabilize this summer, even as the rest of the economy remained tepid. The S&P/Case Shiller home price index is expected … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate | 212 Comments

Romney housing plan still short of specifics

Posted on September 23, 2012 by grim

From the Huffington Post: Mitt Romney Housing Plan Short On Details (Again) If elected president, Mitt Romney would reform Fannie Mae and Freddie Mac, sell 200,000 vacant foreclosed homes owned by the government and promote “sensible, not overly complex” financial … Continue reading →

Posted in Economics, Housing Recovery, Politics | 47 Comments

Appears that the bottom is now behind us

Posted on September 20, 2012 by grim

From the WSJ: The Housing Recovery Keeps Rolling Along. August existing-home sales and construction of single-family homes jumped to the highest level in more than two years. Meanwhile, a separate report showed housing starts in August rose 2.3% on a … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate | 108 Comments

Many borrowers locked out of lower rate mortgages

Posted on September 18, 2012 by grim

From the LA Times: Two-thirds of Americans with mortgages pay 5% interest or higher US. interest rates are at rock-bottom levels, but that’s not helping most Americans with mortgages. And those high-cost loans remain a big drag on the economy, … Continue reading →

Posted in Economics, Housing Recovery, Mortgages, National Real Estate | 193 Comments

White House shows support for HARP 3

Posted on September 15, 2012 by grim

From the White House Blog: Infographic: The Plan to Help Homeowners Refinance Congress is currently considering a plan that would help millions of responsible homeowners save hundreds of dollars each month by refinancing their mortgages. The plan to expand access … Continue reading →

Posted in Housing Recovery, Mortgages, Politics | 120 Comments

Increased cancelations – Big deal or not?

Posted on September 14, 2012 by grim

From HousingWire: 15% of home sales fail: Capital Economics Many parties are forming real estate deals only to watch their transactions fall through before the closing date, Paul Diggle, a property economist with Capital Economics, said Thursday. Diggle released a … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate | 237 Comments