Monthly Archives: January 2006

It seems like the NY Times is jumping on the Lowball! bandwagon. The weakness in high-end properties should be obvious to readers now. There are no shortage of million dollar homes in each edition of Price Reduced! and Lowball! From … Continue reading →

Welcome to the first edition of Lowball! for the New Year! 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 … Continue reading →

The Great Wave Off Kanagawa – Hokusai One of the telltale signs of a tsunami is when the ocean quickly receeds far into the distance from the shore. This occurs when the leading edge of the Tsunami is a trough. … Continue reading →

Here are a handful of new quotes from the Chief Economist at the National Association of Realtors, David Lereah. Many here will immediately recognize Mr. Lereah as the head cheerleader and media spin master of the organization. Mr. Lereah has … Continue reading →

I’ve finished gathering the December 2005 Residential Home Sales Data (from GSMLS). This data is ours, gathered by my team. As soon as the prior months statistics are available, we gather that data and compare it, YOY, with the 2003 … Continue reading →

The NAR released the November Pending Home Sales Index (PHSI) data today. November PHSI PDF The NAR data shows that the Northeast may actually be leading the housing bubble decline. Many had thought that it would be the west coast … Continue reading →

With all the Manhattan talk around here lately, I thought this piece was relevant. Hot off the presses at CNN Money: Manhattan real estate hits wall Manhattan real estate may have hit a wall — albeit a very high one. … Continue reading →

As always, with the new year comes new predictions. However, these predicitions are nothing new to readers of this and the other housing bubble blogs. We’ve been saying much of the same for years now, but now that the bubble … Continue reading →

Welcome to another edition of Price Reduced! For all the newcomers to this blog, Price Reduced! takes a look at a handful of significant price reductions across Northern NJ. The purpose of this exercise is to serve as proof that … Continue reading →