Category Archives: Housing Recovery

BoA/Merrill raises housing price forecast

Posted on August 16, 2012 by grim

From HousingWire: BofAML revises home price forecast way upward Shrinking inventory and a shift toward short sales is causing analysts at Bank of America Merrill Lynch to dramatically revise their predictions of how high home prices will travel this year … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate | 87 Comments

Fewer monsters lurking in the shadows

Posted on August 15, 2012 by grim

From the WSJ: Shadow Inventory: It’s Not as Scary as It Looks The housing market is improving because there are more buyers chasing fewer homes. Skeptics of a housing bottom, however, often point to a scary set of numbers: the … Continue reading →

Posted in Economics, Foreclosures, Housing Recovery, National Real Estate | 143 Comments

Affordability moves in the other direction

Posted on August 14, 2012 by grim

From CNN/Money: Survey says: Fewer affordable homes It just got a little harder for most Americans to buy a home, according to an industry survey. Nearly 74% of the new and existing homes sold in the three months ended June … Continue reading →

Posted in Economics, Housing Recovery | 108 Comments

Lift Off?

Posted on August 10, 2012 by grim

From Bloomberg: Home Prices Rise in 75% of U.S. Cities in Second Quarter Prices for single-family homes climbed in three-quarters of U.S. cities and values nationally jumped the most since 2006 as real estate markets stabilized. The median sales price … Continue reading →

Posted in Employment, Housing Recovery, National Real Estate | 172 Comments

Housing just got more expensive

Posted on August 7, 2012 by grim

From the WSJ: Recovery or Not, Home Prices Keep Rising Today CoreLogic, a real-estate data provider, weighed in with its view of what’s happening with home prices. According to the firm, prices were up 2.5% in June, compared with a … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate | 141 Comments

Has the starter home returned to North Jersey?

Posted on August 6, 2012 by grim

From the Record: The return of the under-$300,000 house in Bergen, Passaic counties Tired of paying rent, Jorge and Christine Garcia saved up and recently bought their first home: a move-in-ready colonial in Bogota. Though the property had sold for … Continue reading →

Posted in Economics, Housing Bubble, Housing Recovery, North Jersey Real Estate | 158 Comments

Time to be greedy?

Posted on August 5, 2012 by grim

From the WSJ: Finally, It Is Time to Buy a House Warren Buffett famously once said: “Be fearful when others are greedy, be greedy when others are fearful.” And if you’re not instinctively scared of the housing market, then global … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate | 62 Comments

Bizarro Friday: Housing is key to unemployment, not the other way around

Posted on August 3, 2012 by grim

From Reuters: U.S. housing market recovery key to boosting growth – IMF The International Monetary Fund said on Thursday it believes a recovery in the U.S. housing market is key to eventually boosting economic growth in the United States and … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate, New Development | 160 Comments

A Look at NJ/NY Price Dynamics

Posted on August 2, 2012 by grim

From the WSJ: Local Prices Slow to Mend The housing market is improving across the nation, but the New York metro area is lagging behind. According to the closely watched S&P/Case-Shiller home price index, which was released Tuesday, prices in … Continue reading →

Posted in Economics, Housing Recovery, New Jersey Real Estate | 121 Comments

Otteau: 2012 still running strong

Posted on July 31, 2012 by grim

From the Otteau Group: Housing Recovery Still Strong The steady improvement in home sales can be seen in this graphic which shows that YTD home purchase contracts in New Jersey are running at their highest level in 3 years. Home … Continue reading →

Posted in Housing Recovery, New Jersey Real Estate | 141 Comments

Watching for the turn

Posted on July 31, 2012 by grim

From the WSJ: Are Home Prices Rising? A Price-Index Primer. Look for the S&P/Case-Shiller index to post a year-over-year decline of 1% when the latest results are released Tuesday, according to estimates from Zillow. That would be the smallest decline … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate | 95 Comments

We’ve all seen better bottoms…

Posted on July 28, 2012 by grim

From the WSJ: Is This What a Housing Bottom Looks Like? Another housing report shows that market activity is up considerably from one year ago but easing off of the levels set by a surge of transactions earlier this year. … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate | 28 Comments

Foreclosures continue to loom large

Posted on July 26, 2012 by grim

From CNBC: New Crop of Foreclosures Is Coming While fewer Americans are falling behind on their mortgage payments, the huge backlog of already delinquent mortgages is finally making its way through the banking system to foreclosure. Total foreclosure activity rose … Continue reading →

Posted in Foreclosures, Housing Recovery, National Real Estate | 131 Comments

Is the housing recovery here? Or is Goldman just trying to dump homebuilders?

Posted on July 25, 2012 by grim

From the IB Times: The US Housing Recovery Is Here: Goldman Sachs The U.S. housing recovery is here, with an uptick in prices and governmment support and a decrease in unsold-off market homes, known as shadow inventory, according to analysts … Continue reading →

Posted in Economics, Housing Recovery, New Development | 87 Comments

Zillow: Home prices have bottomed

Posted on July 24, 2012 by grim

From the WSJ: Home Prices Reflect Strengthening Home prices in the second quarter rose from the year-ago period for the first time since 2007, according to a closely watched index, the latest indication the housing market is starting to recover. … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate | 92 Comments