Yearly Archives: 2005

The New Jersey Association of Realtors released their Third Quarter 2005 Housing Statistics a few days ago. There wasn’t too much fanfare about the data here, it’s a bit dated already, and says nothing we haven’t seen first hand. I … Continue reading →

Sorry to everyone that thought we might see some property tax relief in the next few years. Unfortunately, it’s starting to look like a very unlikely scenario. Why? Seems our state pension is more than $25,000,000,000.00 in the hole (Yes, … Continue reading →

Is a question many of us ask, especially those involved in the high-technology industries in New Jersey. Anecdotally, the last few years have felt like there was a mass exodus of high tech jobs. It seems that it what we … Continue reading →

Sorry the weekly inventory update was a little late, been a bit busy lately. GSMLS (Ber, Ess, Hud, Mor, Pas, Som, Sus, Uni, War) 11/23 – 12693 11/30 – 12624 Added/Sold/Removed 11/23 – 961/670/477 11/30 – 797/517/410 NJMLS (Ber, Ess, … Continue reading →

Personal Savings Rate was negative again, now for the fifth month in a row, at -0.7%. Consumer spending edges higher in October The saving rate, the percentage Americans sock away after spending, taxes and interest payments, was minus 0.7 – … Continue reading →

Mortgage rates tick back up a bit this week. I was expecting a slight drop in rates due to the 10Y yield falling. However, it seems that in the past 2 days the yield did recover, and I’m sure with … Continue reading →

I don’t drink coffee I take tea my dear I like my toast done on one side And you can hear it in my accent when I talk I’m an Englishman in New York Today’s interlude comes to us from … Continue reading →

Sorry to inform you all, but we are no longer the highest median household income state in the country. According to Census data released yesterday, we’ve lost the top honors to Connecticut. N.J. loses median income bragging rights to Conn. … 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 →

In the spirit of the holiday season I thought I’d post up the lyrics to a Shania Twain song that I think fits the season well.. Ka-Ching By Shania Twain We live in a greedy little world– that teaches every … Continue reading →

New Home Sales Hit Record Level in Oct. Sales of new homes soared at a record pace in October in what could be a last hurrah for the booming housing market. The Commerce Department said that sales of new single-family … Continue reading →

National Foreclosures Increase Almost 19% in October RealtyTrac, the leading online marketplace for foreclosure properties, today released its October 2005 Monthly U.S. Foreclosure MarketReport, which showed 81,382 properties nationwide entered some stage of foreclosure in October, an 18.6 percent increase … Continue reading →

Hot off the wire.. Existing Home Sales Decline in October. Home Sales in the Northeast Decline 7.4% compared to last month (seasonally adjusted). The unadjusted fall in the Northeast was 10.6% vs last month, and 1.1% versus last year. Existing … Continue reading →

Big pharma has always been a big breadwinner for the state, but Whitehouse Station based Merck is cutting in a big way. Today, Merck announced cuts of 11% of it’s workforce, about 7000 jobs, in addition to closing down 5 … Continue reading →

It’s time for yet another episode of Price Reduced! For all the newcomers to this blog, Price Reduced! takes a good look at a handful of significant price reductions across Northern NJ. The purpose of this exercise is to serve … Continue reading →