Newark Real Estate News
Real Estate news for Newark, NJ continually updated from thousands of sources.
Thursday Jun 9 | via The Washington Post
European corporate bonds are a "treacherous space" for investors after the continent's central bank began purchases of the securities, said Gregory Peters, who helps manage more than $600 billion at Prudential Financial Inc.'s fixed-income operation. "The markets haven't behaved all that well" to the bond-buying program, Peters said Thursday in an interview with Bloomberg Television. Comment?
Sunday Jun 5 | via Insurance Journal West
American International Group Inc. and Prudential Financial Inc.'s new capital rules should reflect the insurance business's differences from Wall Street banking, the Federal Reserve said in a proposal to limit the chance that the companies could threaten the financial system. The Fed's plan would subject AIG and Newark, New Jersey-based Prudential to a narrow set of categories by which they would have to measure the riskiness of their assets, the central bank said in a statement. Comment?
Friday May 27 | via The Newark Star-Ledger
Bishop Frank Garris Jr., purchased the Clinton Avenue Presbyterian Church to be the new home for his church - Positive Proof Family Worship Inc. Ramon Hamlett, of Newark, tried to take the church from him when he filed a fraudulent deed claiming to be the pastor and owner. a fraudulent act at least twice a week,'' said Essex County Register Dana Rone. Comment?
May 25, 2016 | via The Item
A federal judge has reopened a bankruptcy case for "Real Housewives of New Jersey" cast member Teresa Giudice , who pleaded guilty in 2014 to bankruptcy fraud. Giudice finished her 15-month sentence in December after she and her husband, Joe, admitted they hid assets from bankruptcy creditors and submitted phony loan applications to get $5 million in mortgages and construction loans. Comment?
May 25, 2016 | via The Daily Courier
In this Feb. 16, 2016, file photo, television personality Teresa Giudice attends a book signing for her new book "Turning the Tables: From Housewife to Inmate and Back Again," at Book Revue in Huntington, N.Y. A federal judge has reopened a bankruptcy case for "Real Housewives of New Jersey" cast member Giudice, who pleaded guilty in 2014 to bankruptcy fraud. NEWARK, N.J. - A federal judge has reopened a bankruptcy case for "Real Housewives of New Jersey" cast member Teresa Giudice , who pleaded guilty in 2014 to bankruptcy fraud. Comment?
Wednesday Jun 22 | via Courier News
Eight years after the housing bubble burst, many homeowners in Central Jersey still owe more than their homes are worth. Many Central Jersey homeowners 'underwater' on mortgage Eight years after the housing bubble burst, many homeowners in Central Jersey still owe more than their homes are worth. Comment?
Monday Jun 20 | via NorthJersey.com
"Instead of welcoming this prospect, New Jersey's Division of Gaming Enforcement has imposed a roadblock that is inappropriate and unnecessary. Despite Polo North only being a landlord, the Division is requiring it to comply with the more extensive licensing standards imposed on casino operators as opposed to the less stringent standards imposed on vendors. Comment?
Saturday Jun 4 | via The Item
Now, they'd like to downsize into a place with no stairs. But they feel they can't move, because real estate agents have told them their home would probably sell for about $330,000. Comment?
May 25, 2016 | via National Mortgage News
The number of U.S. houses left vacant because of foreclosure was down at the start of the second quarter compared with the same period last year. But New Jersey's share of these so-called zombies continues to be tops in the nation, real estate information provider RealtyTrac said Thursday. Comment?
May 19, 2016 | via The Newark Star-Ledger
While the housing market rebounds to pre-recession numbers in many states, New Jersey is still struggling to push properties through the foreclosure process, leaving the state with one of the leading foreclosure rates nationwide and the highest number of vacant homes in distress. As of April, just under one-half of a percent of homes across the United States are in the the foreclosure process, a dip from last year's overall activity at 0.82 percent, which was a nine year low. Comment?
40 min ago | via WKRN
The British were warned for weeks that a vote to leave the European Union would result in economic pain. Now they'll find out whether it will. Comment?
44 min ago | via Seeking Alpha
Monthly May data included a decline in the Index of Leading Indicators, due mainly to a brief jump in initial unemployment claims and a decline in durable goods orders, but a new post-recession record high in existing home sales, and a monthly decline in new home sales from their post-recession highs to the second highest post-recession reading. My usual note: I look at the high frequency weekly indicators because while they can be very noisy, they provide a good Now-cast of the economy, and will telegraph the maintenance or change in the economy well before monthly or quarterly data is available. Comment?
54 min ago | via Alabama Live
WiRE is the acronym "Week in Real Estate" and is digitally published every Saturday morning on al.com. The WiRE is categorized geographically and is designed to help real estate professionals, affiliates and consumers follow all the major news stories that impact real estate in Alabama. Comment?
1 hr ago | via Newberry Observer
Someone asked the other day if we're close to another depression. I've done research on the Great Depression and things got quite bad. Comment?
1 hr ago | via New Canaan News-Review
According to Fitch Ratings ' U.S. sustainable home price model, home prices in Connecticut were 21 percent overvalued in 2000. That same model now shows they are 19 percent undervalued. Comment?
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