Monthly Archives: March 2006

From ABC News: Housing Woes: Interest Rate Increases and Foreclosures Heidi never imagined that she could lose her home outside Dallas. But rising interest rates and skyrocketing monthly mortgage payments have left her staring at foreclosure. She’s just one of … Continue reading →

Ridgewood, NJ – Bergen County Ridgewood from City-Data GSMLS Listings As of 3/22 Total Active Listings: 65 Up To $500,000: 5 $500,001 – $1,000,000: 39 $1,000,001 And Up: 21 Listing Activity Since 3/1 32 Added 0 Back on Market 9 … Continue reading →

From Bloomberg: Corzine Proposes Record $30.9 Bln New Jersey Budget New Jersey Governor Jon Corzine proposed a record $30.9 billion state budget that includes an increase in the sales tax and new levies on alcohol and cigarettes. Spending would rise … Continue reading →

Millburn, NJ – Essex County Millburn from City-Data GSMLS Listings As of 3/21 Total Active Listings: 125 Up To $500,000: 4 $500,001 – $1,000,000: 27 $1,000,001 And Up: 94 Listing Activity Since 3/1 50 Added 5 Back on Market 23 … Continue reading →

This one, from the Walkthru Blog, slipped through: Bleak Open Houses Another indication that the New York City housing market is slowing can be found in a report on open houses released yesterday by the Manhattan brokerage firm Barak Realty. … Continue reading →

From USA Today: Slowing home market to ripple through job market With the allure of easy money, thousands of Americans flocked to jobs in the real estate industry during the boom years. … As the housing market slows, there will … Continue reading →

From the Philly Inquirer: N.J. seizes initiative on eminent domain In the most densely populated state, eminent domain backlash began even before the U.S. Supreme Court turned it into a national issue. To many New Jersey towns that craved tax … Continue reading →

From the NY Times today: That Sound You Hear? The Market Coming Down to Earth AS clusters of open-house balloons bob across the suburbs of the metropolitan area, from the New Englandy enclaves of Fairfield County, Conn., to the salt-sprayed … Continue reading →

Ever wonder where your federal tax dollars go? And how much we get back for them? Biggest Tax Donors The state of Massachusetts gets 77 cents in federal spending for every dollar that it sends to Washington in tax revenue, … 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 →

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 →

I’m sure many of you would like to see the Census Bureau data that was the basis for the Ledger article on population growth. The data is available on the Census Bureau site, for your convenience here is a link … Continue reading →

From Marketwatch: Fed’s Kohn says Fed won’t act to preserve high home prices WASHINGTON (MarketWatch) – The Federal Reserve has no intention of preserving all of the recent gains in home price values, said Federal Reserve board governor Donald Kohn … Continue reading →

From Reuters: Housing starts, permits dip; still strong The pace of U.S. housing construction slowed in February as permits, starts and completions fell, the government said on Thursday in a report pointing to moderation after a five-year rally in the … Continue reading →

GSMLS Single Family Homes, Condo, Coop (Bergen, Essex, Hudson, Morris, Passaic, Somerset, Sussex, Union, Warren Counties) 3/08 – 13,094 3/15 – 13,418 (2.5% Weekly Increase) NJMLS Single Family Homes, Condo, Coop (Bergen, Essex, Hudson, Passaic Counties) 3/08 – 6,415 3/15 … Continue reading →