Monthly Archives: October 2005

Part 2 in the Record Series on the Housing Bubble by Prashant Gopal.. Remember when the last big bubble burst? Here are some notable snippets from the article: … With all the enthusiasm, it’s easy to forget it was only … Continue reading →

The Northern NJ bubble made the front page of The Record this Sunday with the first in a four part series on the housing market. Writer Prashant Gopal took, what I thought, was a slightly anti-bubble stance on the issue, … Continue reading →

Great article in the Asbury Park Press this morning.. Leave N.J., or go deep into debt? … But experts feared the foundation of a strong real estate market — well-paying jobs — is weakening. New Jersey, once a leader in … Continue reading →

How the boom of 2006 ended (We should have seen it coming) By Marshall Loeb, MarketWatch Last Update: 12:00 PM ET Oct. 9, 2005 NEW YORK (MarketWatch) — Anybody with a bit of imagination, with a feel for the future, … Continue reading →

I’d like to discuss the impact on the proposed mortgage interest changes on the local real estate market. I’d prefer more of a discussion format this time, since I’m getting tired of typing up monologues that sound like ranting and … Continue reading →

Weekly Inventory Update for 10/5/2005 – 10/12/2005 GSMLS Total 10/5 – 12611 10/12 – 12745 Bergen 10/5 – 833 10/12 – 852 Essex 10/5 – 1918 10/12 – 1934 Hudson 10/5 – 100 10/12 – 97 Morris 10/5 – 2540 … Continue reading →

Mortgage applications fall Mortgage applications dropped again this week, down the third week in a row, here are some snippets from the article: “The Mortgage Bankers Association said its index of mortgage application activity for the week ended October 7 … Continue reading →

Particularly active day on the MLS (and the day isn’t even over yet). I thought it would be helpful to share with readers that were looking for some more information on listing/seller activity as of late. New Listings 152 Back … Continue reading →

Popular media once again feeds the frenzy creating a crop of greater fools through unrealistic television reality shows. If anyone is looking for a greater fool to pass the hot potato to, here they are: It’s hip to flip real … Continue reading →

It’s amazing how many real-estate related direct mail ads I get these days. I just got one for some real estate expo, imagine that, I couldn’t stop laughing. I don’t know how I got on their list, but they sure … Continue reading →

It’s Wednesday again, so time for the weekly inventory update: GSMLS Bergen 9/28 815 10/5 833 Essex 9/28 1920 10/5 1918 Hudson 9/28 97 10/5 100 Morris 9/28 2526 10/5 2540 Passaic 9/28 1374 10/5 1408 Somerset 9/28 1641 10/5 … Continue reading →

A few days ago I posted the September sales data and received some negative comments because that data is highly seasonal in nature. I agree with the criticism wholeheartedly, RE sales rates are indeed highly cyclical throughout the year, and … Continue reading →

What a change from the last few years, those years where no one dared to say the B-word. Heady days.. You couldn’t lose on real estate speculation. Seems that opinion is shifting rapidly, much more rapidly than even I could … Continue reading →

Sorry to everyone I put through registration hell. Comments are no longer limited to registered users. I was trying to keep the blog free of spam and other nonsense. Settings were changed to allow for anonymous comments, so first timers … Continue reading →

Sales data is in for September, and it doesn’t look good. Well, for the sellers anyway. 15% decline in September sales Totals for (Berg, Es, Hud, Mid, Mor, Pas, Som, Sus, Un, War) June – 3590 July – 3716 August … Continue reading →