Monthly Archives: February 2006

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 →

It’s been a while since I did an original piece. Going through some articles today, I decided everyone needed to relive the collapse of the 1980′s real estate bubble. For those that don’t know, the NY Metro area saw spectacular … Continue reading →

We’ve finished gathering the January 2006 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 →

From the WSJ: Finding a House Gets Easier Inventories Rise Sharply In Many Major Markets As Some Buyers Hang Back By RUTH SIMON and JAMES R. HAGERTY Staff Reporters of THE WALL STREET JOURNAL February 8, 2006; Page D1 With … Continue reading →

The North NJ weekly residential inventory update is back on track. Inventory stats will be posted every week, prior to noon on Wednesday. The numbers will include all 3 of the Northern NJ MLS systems, GSMLS, NJMLS, and the Hudson … Continue reading →

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 asking in hopes that the seller … Continue reading →

Sellers juggle mortgages in tough market Bonnie Cordy, who sold her Apple Valley town home last summer after it was on the market for nearly eight months, agrees. “The Realtors keep saying what a good market it is, but it … Continue reading →

The Star Ledger is running a forecast series for ’06, some of it interesting some not. Today’s edition featured a number of articles on real estate. I picked out a handful of the most interesting pieces, worth a few minutes … Continue reading →

Welcome to the kick-off of the spring real estate season! For those that don’t know why, it’s because of the Super Bowl. Why? Who knows really, it’s just a trend that has been seen over the years. Of the data … Continue reading →

I’m sure many of you have noticed the lack of hard statistics lately, as well as the missing Lowball! and Price Reduced! articles. The sad truth is that I’ve lost my sources, they no longer work in the real estate … 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 →

From CNN: Hot home markets to cool down…how will your home fare? If you’ve recently gambled that Las Vegas housing prices would continue to rise this year, you may be on the losing side of the bet. According to the … Continue reading →

The Otteau Group released their 2005 Report as well their outlook for the upcoming season: RESIDENTIAL MARKET REACHES SATURATION POINT The deceleration in the New Jersey’s residential housing market continued in December as the number of buyers entering into a … Continue reading →

WELCOME TO THIS LOVELY 4 BEDROOM, 2 BATH, NEW KITCHEN WITH IMPORTED TILE,NEW HARDWOOD FLOOR ON 1ST LEVEL-2ND FLOOR HALL & SITTING ROOM,COMPLETELY NEW POOL AREA & PROFESSIONAL LANDSCAPING PLUS MORE!! MLS# 2200703 – Pleasant Hill Road, Randolph, New Jersey … Continue reading →

Fed’s Bies says concerned on some loan practices Federal Reserve Board Governor Susan Bies said on Thursday that while most U.S. banks were well-managed, regulators were concerned about heavy commercial real estate exposures and risky mortgage lending practices. Speaking to … Continue reading →