Monthly Archives: February 2006

I came across this article on my nightly news-check. Seems that a collapse is already under way on the other side of the world. Why should we be concerned? China has had a pretty strong economy over the past few … Continue reading →

Seems the economy is growing beyond expectations even with a decline in home sales. So what happened to real estate being the engine that was driving the economy? I guess everyone cashed out and is spending their profits elsewhere. …Data … Continue reading →

Just two weeks ago, an article was posted up regarding an article by David Bach about why home owners get rich and renters stay poor in this previous writing by Grim: Homeownership Propaganda Machine Running Full Steam Ahead. This morning … Continue reading →

I am guest blogging for Grim this week while he’s out of town. The housing starts number is out! U.S. Economy: Sales of New Homes Decline, Inventory a Record The total sales for for new homes is at a 1 … Continue reading →

Welcome to the Carnival of New Jersey Bloggers #41 Ok, everyone is probably wondering just what the heck is going on. Well, I’m not even that sure, but this is the fourty first Carnival of New Jersey Bloggers, and welcome. … Continue reading →

Open Discussion for this weekend Observations about your local areas, comments on news stories or the New Jersey housing bubble, Open House reports, etc. If you have any questions you wanted to ask earlier in the week but never posted … 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 →

Morristown Green development approved The Morristown Planning Board gave the green light last night to a residential-retail development that will dramatically change the downtown streetscape facing the historic Green. The unanimous vote on a proposal first announced in September 2003 … Continue reading →

The National Association of Homebuilders (NAHB) & Wells Fargo released their year end 2005 affordability study. Indianapolis Recaptures Title Of Most-Affordable Major Housing Market At Year-End 2005 At the bottom of the affordability scale was Los Angeles-Long Beach-Glendale, Calif., where … Continue reading →

More Hughes and Seneca today in the Ledger: Jersey faces stagnation if it can’t handle growth New Jersey, with 1,173 people per square mile, is the mostly densely populated state. Thus future population growth, without adequate infrastructure, portends increased crowding, … Continue reading →

Thanks to the Jersey Shore Real Estate Bubble Blog for tipping me off on this one: Make tax cards available to all Sen. Ronald Rice, D-Essex, a real estate broker, is pushing a bill that would exempt property record cards, … Continue reading →

GSMLS Single Family, Condo, Coop (Bergen, Essex, Hudson, Morris, Passaic, Somerset, Sussex, Union, Warren Counties) 2/15 – 12,376 2/22 – 12,597 (1.8% Increase, ~14% since January 1st) NJMLS Single Family, Condo, Coop (Bergen, Essex, Hudson, Passaic Counties) 2/15 – 5,960 … Continue reading →

Regular readers know that I keep tabs on a number of local journalists that I’ve tagged as being industry cheerleaders. These journalists routinely write puff-pieces praising real estate and urging people to buy without regard to caution. One of these … Continue reading →

This one was posted up at Bubblemeter: Take a good look at that, and no, it’s not a joke. That’s NAR Chief Economist David Lereah’s new book. Well, I don’t believe it’s entirely new, I believe it’s a retitle, recover, … Continue reading →

The minutes from the January Fed meeting were released at 2:00pm this afternoon. The full text can be found here: Minutes of the Federal Open Market Committee Highlights: “Although the stance of policy seemed close to where it needed to … Continue reading →