Category: New Jersey

New Jersey housing market

New Jersey Housing Market Prediction

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. Influencing Factors Within the New Jersey… Continue reading New Jersey Housing Market Prediction

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… Continue reading 2015 New Jersey Housing Market Predictions

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… Continue reading Mortgage Delinquencies Drop Two Straight Months

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… Continue reading Top 10 Real Estate College Towns

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… Continue reading Formal Foreclosures Fall 21 Straight Months

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… Continue reading Mortgage Delinquencies Jump

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… Continue reading Recovery Pushes Foreclosures Lower 3 Months

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… Continue reading U S Foreclosures Drop Huge

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… Continue reading Shadow Inventory Slides to 2009 Levels