Monthly Archives: November 2005

I’ll skip the Lowball! opening paragraphs. This special edition of Lowball! is for all the readers that inquired about specific towns in Northern NJ. Edison – 9 Sales from 11/1-11/21 MLS# 2101741 – Waterford Asking Price $282,500 Selling Price $277,000 … Continue reading →

Can anyone really afford Northern New Jersey anymore? There is no question that affordability is bordering on just about impossible unless you are making at least twice the median income, and even then you don’t get much to show for … Continue reading →

I didn’t know BusinessWeek Online had a real estate blog until I came across it just a few minutes ago, much to my surprise actually. I’ve always believed it to be proper web etiquette to link back to someone who … Continue reading →

Thanks to the author, Braden Keil for giving us the heads up about his article in the NY Post. Sellers Slump Is A Harsh Realty In Tri-State November 21, 2005 — The chill in the Manhattan residential real-estate market is … Continue reading →

I was feverishly trying to find a graph of inflation adjusted wages to home prices yesterday, but wasn’t able to find a good graph. Was going through the Wall Street Journal today, and what do you know, one of the … Continue reading →

It’s been a rather quiet weekend on the New Jersey Bubble news front. I’ve had a few things on the back-burner, so now seems like a good time to pull them out. This first one is on the fundamentals that … Continue reading →

Welcome to another edition of Lowball! Lowball! takes a look at home sales over the past week from a very different perspective. For those new to Lowball!, a lowball offer is when a buyer offers a significantly lower bid than … Continue reading →

It’s always interesting to go through the articles and stories on Inman news or RealtyTimes to get an industry perspective on the bubble. I’d usually browse through the Inman topics once or twice a week looking for a juicy story, … Continue reading →

The site I’m about to talk about has been making it’s way around the web and around blogs for a while now. If you’ve seen it, sorry for the duplication, if not, it’s worthwhile reading. Chart of Pompous Prognosticators The … Continue reading →

Just came across this piece by Seth Jayson over at Motley Fool. He seems to have a pretty good grasp on the housing bubble. I’m going to say this is another must read article. I’m just going to cut a … Continue reading →

Both Housing Starts and Building declined dramatically in October stated a new report released by the Commerce Deparment early this morning. New Residential Construction In October 2005 Within a matter of minutes the news spread across the news wires. Housing … Continue reading →

Mortgage rates are taking a pause this week after a nine straight weeks of pushing higher. The 30Y rate remained stable at 6.42, the 15Y rate moved upwards 3 basis points to 5.99, and the 5Y ARM dropped only a … Continue reading →

Time again for the weekly inventory update, however, not much in the way of news from my viewpoint, actually eerily quiet. I’ll be looking through data to see if I can start tracking withdrawl and expired listing data to see … Continue reading →

Another Real Estate article in the Star Ledger today, this time by staff writer Sam Ali. N.J. home sale fever breaking, data show Sometimes the numbers don’t tell the whole story, housing experts said yesterday after glancing at home price … Continue reading →

Core CPI increased 0.2% in October, in line with consensus estimates of 0.2%, CPI also increased at 0.2%, above consensus estimates of 0%. This marks the largest increase in the core numbers in more than six months. Not surprisingly, Housing … Continue reading →