2018 New Jersey Housing And Real Estate Marketing Predictions

New Jersey, like much of the rest of the country, has been experiencing significant amounts of growth within its housing market.Home prices have risen over the last few years, but it is expected that the New Jersey housing market will be slowing down over the rest of 2018. Quick Navigation Influencing Factors Within the New Jersey Housing MarketLimitations of the New Jersey Housing MarketA Few Different Places to Live in New JerseyTrenton, … [Read more...]

2015 New Jersey Housing Market Predictions

Not even the effects of an encouraging economic recovery seem to compensate for the hard times New Jersey Shore real estate had to face in the past years. The foreseeable difficulties following the Great Recession marked a period known for declining prices, with values remarkably lower on the New Jersey Shore than those corresponding to the surrounding regions. Moreover, Hurricane Sandy and last year’s long, cold winter obviously affected the New … [Read more...]

Mortgage Delinquencies Drop Two Straight Months

By Mike Colpitts Mortgage delinquencies fell for the second consecutive month in July and are down 11% for the last year, signaling a major improvement for the U.S. housing market, according to Lender Processing Services. Loans that are 30 days or more past due made up just 7.03% of home mortgages. The decline in late payments is positive news for the market beleaguered by the foreclosure crisis, with more than 2-million homes in the … [Read more...]

Top 10 Real Estate College Towns

Investors and parents shopping for rentals for college students might realize a sharp increase in rents when students go off to college this fall. Rents on homes and apartments rose an average of 4% in the U.S. in the last year, and higher rents are expected. Realtor.com released its second annual round-up of the top 10 college towns to consider investing in real estate. Topping the list are Boston, Massachusetts and Washington D.C., which … [Read more...]

Formal Foreclosures Fall 21 Straight Months

By Mike Colpitts Formal foreclosures fell for the 21st straight month in July as repossessions on U.S. residential properties ran into additional snags. Lenders completed 53,654 foreclosures during the month, a 1% fall from June and a 21% drop from a year ago, according to RealtyTrac. Bank owned REO activity also fell on an annualized basis in 38 states and the District of Columbia. Some of the biggest drops in foreclosed property sales … [Read more...]

Mortgage Delinquencies Jump

By Mike Colpitts Homeowners in trouble on their mortgages jumped as more homes joined the long line of defaults in May showing another sign the U.S. economy is weakening, according to real estate analytics company Lender Processing Services. The slim 1.1% monthly jump in defaults is a troubling sign for the  U.S.  housing market, still struggling to get out of its rut. But the rate at which homeowners are losing homes to foreclosure or bank … [Read more...]

Recovery Pushes Foreclosures Lower 3 Months

By Mike Colpitts In a sign the U.S. housing market is on the road to recovery, foreclosures dropped for the third month in a row in April, despite a traceable increase in repossessions along the eastern U.S. coast. Initial notices of default were filed against 188,780 residential properties, the lowest since July 2007. Final bank repossessions (REOs) dropped for the third straight month in April, down 7% from March. Lenders completed … [Read more...]

U S Foreclosures Drop Huge

By Mike Colpitts Formal foreclosures or homes that were repossessed by their lenders accounted for 830,000 U.S. homes in 2011, a huge drop of 24% from 2010, according to real estate data research firm CoreLogic. The decline comes as a result of moratoriums enacted by the nation’s five largest mortgage lenders to study damage from the robo signing scandal, and other judicial delays in many areas of the country. CoreLogic also says that 1.4 … [Read more...]

2012 New Jersey Housing Market

Reeling from a major decline in home prices, New Jersey homeowners are hoping that the worst of the real estate crash is over. But a massive inventory of foreclosures that have not yet been formally taken back by the banks sit vacant waiting as part of the shadow inventory to be accounted for by lenders. The resiliency of New Jersey industry and its location between New York City and Philadelphia puts the state in a potentially strong … [Read more...]

Shadow Inventory Slides to 2009 Levels

By Mike Colpitts The inventory of homes not yet foreclosed but regarded as unsellable as they are held back from the market known as the shadow inventory has dropped to January 2009 levels, according to real estate data firm CoreLogic. California, Florida and Illinois, where foreclosures are at some of the highest levels in the U.S. account for more than a third of the shadow inventory. New York, Texas and New Jersey make up another half … [Read more...]