Category Archives: Housing Recovery

Ritholtz: “Many people should buy a home”

Posted on August 25, 2016 by grim

From Ritholtz over at Bloomberg View: Still a Lot of Negativity on Housing There has been a steady drumbeat of negativity about housing ever since the residential real-estate market crashed. While there are some signs of recovery, psychological damage persists. … Continue reading →

Posted in Housing Recovery, National Real Estate | 69 Comments

New Home Sales at 9 Year High

Posted on August 24, 2016 by grim

From the WSJ: U.S. New Home Sales Rise to Highest Level Since 2007 Sales of newly built homes rose in July to the highest level in nearly a decade, a sign of solid momentum in the U.S. housing market. Purchases … Continue reading →

Posted in Economics, Employment, Housing Recovery, National Real Estate | 196 Comments

Newark Rising?

Posted on August 22, 2016 by grim

From the NYT: In Newark, a New Chapter Unfolding In Newark’s Central Ward, not far from the site of the 1967 riots, a market-rate rental building opened earlier this year with 152 apartments and its name, 24 Jones, emblazoned in … Continue reading →

Posted in Demographics, Economics, Housing Recovery, New Jersey Real Estate | 79 Comments

Don’t count the middle class out yet

Posted on August 21, 2016 by grim

From the NYT: Middle-Income Jobs Finally Show Signs of a Rebound The American economy is finally creating more middle-income jobs, according to a new analysis released Thursday by the Federal Reserve Bank of New York, in a turnabout from the … Continue reading →

Posted in Demographics, Economics, Employment, Housing Recovery, New Jersey Real Estate, NYC | 45 Comments

Northeast not what she used to be

Posted on August 19, 2016 by grim

From the Atlantic: An Unsteady Future for New England’s Suburbs The house is a perfect Colonial, white with green shutters, with five bedrooms, a pool, and a spacious lawn. A decade ago, it would have flown off the market. These … Continue reading →

Posted in Demographics, Economics, Employment, Housing Recovery | 106 Comments

LI Market Burnout?

Posted on August 17, 2016 by grim

From LI Business News: LI home prices fall along with sales The median prices of Long Island homes contracted for sale in July dropped as the number of sales also declined as compared with the previous month. In Nassau County, … Continue reading →

Posted in Economics, Housing Recovery, New Jersey Real Estate, NYC | 87 Comments

So much for dragging out foreclosures

Posted on August 15, 2016 by grim

From the APP: NJ leads nation in quarterly foreclosure starts New Jersey led the nation in foreclosure starts in the second quarter, as the mortgage industry continues to deal with a backlog of loans that went bad in the housing … Continue reading →

Posted in Foreclosures, Housing Recovery, New Jersey Real Estate | 51 Comments

Does housing make a middle class? Or does the middle class make housing?

Posted on August 12, 2016 by grim

From the WSJ: Lopsided Housing Rebound Leaves Millions of People Out in the Cold The housing recovery that began in 2012 has lifted the overall market but left behind a broad swath of the middle class, threatening to create a … Continue reading →

Posted in Demographics, Economics, Housing Recovery, New Jersey Real Estate | 101 Comments

Sandy Who?

Posted on August 11, 2016 by grim

From the Washington Post: Four years after Sandy, the coastal real estate market is recovering Hurricane Sandy stretched from the central Appalachians well into New England when it came ashore nearly four years ago, tearing through thousands of homes and … Continue reading →

Posted in Housing Recovery, Shore Real Estate | 104 Comments

Foreclosures at 9 year low

Posted on August 10, 2016 by grim

From HousingWire: Corelogic: Foreclosure inventory finally back to housing-boom levels Foreclosure inventory declined yet again in June, but completed foreclosures, while down from last year, increased from last month, according to CoreLogic, property information, analytics and data-enabled solutions provider. CoreLogic’s … Continue reading →

Posted in Foreclosures, Housing Recovery, National Real Estate | 107 Comments

Good Riddance to the Hamilton Projects

Posted on August 8, 2016 by grim

From the Record: Rebirth of an urban neighborhood in Paterson Growing up in Paterson, Sandra Drysdale had lots of friends living in the Alexander Hamilton housing complex. But what she heard about crime and drug-dealing there made her afraid to … Continue reading →

Posted in Housing Recovery, New Development, North Jersey Real Estate | 95 Comments

Dirt gets more expensive

Posted on August 6, 2016 by grim

From the WSJ: Low Supply Lifts Housing Lot Prices To a Record The prices home builders pay for single-family lots hit a record high in the U.S. last year, a sign that a scarce supply of developed land is pushing … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate | 67 Comments

Maybe real estate just always sucks?

Posted on August 4, 2016 by grim

From MarketWatch: It’s a seller’s real-estate market, but who’s selling? Even though the U.S. has seen more than three years of a booming seller’s market for housing, there are plenty of Americans who are reluctant to sell their homes for … Continue reading →

Posted in Demographics, Economics, Housing Recovery, National Real Estate | 52 Comments

Clear ’em out

Posted on August 3, 2016 by grim

From Dow Jones: Foreclosures Drop in New York and New Jersey as Courts Pick Up Pace dward Navarro, a former telephone clerk on the New York Stock Exchange, has been facing foreclosure on his attached two-family house in Woodhaven, Queens, … Continue reading →

Posted in Foreclosures, Housing Recovery, New Jersey Real Estate, NYC | 63 Comments

Housing Development Dips

Posted on August 2, 2016 by grim

From the Record: NJ home construction running 17% below last year’s pace After a dramatic, four-year rebound from the worst housing downturn in generations, home construction in New Jersey has fallen back this year, running about 17 percent behind 2015’s … Continue reading →

Posted in Housing Recovery, New Development, New Jersey Real Estate | 59 Comments