“Extreme Oversupply” Of Homes In New Jersey

From the Wall Street Journal (courtesy of the Post Gazette):

Housing strength shifts to new markets

A look at inventories of unsold homes, prices and employment trends points to generally positive signs in Houston, Dallas and Atlanta — cities that have seen only modest home-price gains in recent years.

Metropolitan areas whose housing markets look less healthy, at least in the short term, include Boston, Los Angeles, Miami, Minneapolis, New York, Philadelphia and San Francisco. All of them have growing inventories of homes and relatively weak job growth. As a result, houses that a year or two ago might have sold in hours now are languishing on the market for months, and some sellers are cutting prices.

To produce a snapshot of residential real-estate prospects for 18 major metro areas, The Wall Street Journal examined inventories of homes for sale at the end of the first quarter from a variety of local sources; pricing trends based on surveys of real-estate agents by Daniel Oppenheim, an analyst at Banc of America Securities in New York; and projections of job creation by Moody’s Economy.com, a research firm in West Chester, Pa. Inventory data provide a broad picture of the overall supply of housing, while job trends are the biggest driver of demand. The pricing data show how markets are adjusting to recent shifts in supply and demand.

In New Jersey, a market highly dependent on people who commute to other states, prices are likely to be flat to slightly higher this year, down from the double-digit pace of recent years, says Jeffrey G. Otteau, president of Otteau Appraisal Group in East Brunswick, N.J. Next year, he thinks prices could fall 5 percent or so in the state.

“We think that we’re going to be in a flat holding pattern for the next several years,” Mr. Otteau says, though at the top end of the market, there is “an extreme oversupply” of houses. In Spring Lake, N.J., known for expensive homes, there is a three-year supply of homes at the current rate of sales, and Upper Saddle River has a 21-month supply, Mr. Otteau estimates. He blames the state’s loss of high-paying jobs in such industries as telecommunications and pharmaceuticals.

This entry was posted in General. Bookmark the permalink.

260 Responses to “Extreme Oversupply” Of Homes In New Jersey

  1. grim says:

    (crossposted)

    Active Listings – GSMLS
    (Bergen, Essex, Hudson, Morris, Passaic Somerset, Sussex, Union, Warren)

    March 2006 – 19,207 (37% Increase)
    March 2005 – 13,989

    Caveat Emptor!
    Grim

  2. bairen says:

    I wonder if this is the start in the US of what’s happened in the rest of the developed world. The “cool” metro and resort areas bubble up. They then flatline to slightly decline. Next the nonbubble zones increase at a much faster than historically normal pace. It’s gone on in Australia and Western Europe. Is it the US’s turn now?

  3. Anonymous says:

    Active listings in Bergen County from 04/01/05 to 04/27/05
    1,042 condos/co ops

    from 04/01/06 to 04/24/06
    1,104

    # of sold condos/co ops
    from 04/01/05 to 04/27/05
    344

    from 04/01/06 to 04/27/06
    284

  4. grim says:

    I’ve tried looking at the data from a SFH versus Condo/Coop level, even trying to go down to the town level. Actually in one instance, I tried to compare an aggregate of towns on the midtown direct and main/bergen lines to those without train access. Even at a multi-town level the data was too ragged.

    There simply are not enough transactions at these lower levels to get a good view. The variation is incredible, both on supply and sales, and the noise makes the data all but useless.

    You really need to aggregate upwards to get a clear view. Once you start aggregating up to the county level, you begin to see smoothing of monthly changes and a clear seasonal pattern develop.

    Is that data from GSMLS or NJMLS? I really hope it’s from NJMLS, because I lost my NJMLS contact and I can’t get detailed stats from NJMLS anymore.

  5. Anonymous says:

    The Best Blog around.

    Tell all your friends and family.

    Facts NOT spin!

  6. Anonymous says:

    Grim – Yes, it is data from NJMLS

  7. opticnerve says:

    Does anyone have good recent stats by county? I’m trying to figure out what’s going on in Essex county, esp Montclair & environs. Seems like bad homes are sitting for a long time, but decent places still get busy open houses and offers. Might suggest the flattening rather than dip scenario, but it’s all anecdotal.

  8. grim says:

    Can you provide the inventory and sales numbers for SFH, Condos, and Coops in Bergen for March 2005 versus March 2006?

    grim

  9. skep-tic says:

    you’d have to be crazy to buy a condo or co-op right now. association fees alone are like 1/3 of what it would cost to rent. more “luxury” condos coming on the market all the time

  10. Anonymous says:

    Grim,

    03/2005 active 2646
    03/2005 sold 661
    03/2006 active 3231
    03/2006 sold 633

  11. Anonymous says:

    Flippers & speculators are Dead meat!

  12. Metroplexual says:

    bairen said…
    I wonder if this is the start in the US of what’s happened in the rest of the developed world. The “cool” metro and resort areas bubble up. They then flatline to slightly decline. Next the nonbubble zones increase at a much faster than historically normal pace. It’s gone on in Australia and Western Europe. Is it the US’s turn now?”

    I think that would happen under a low interest rate (cheap money scenario). What are interest rates up to in those other places. IMO the money is moving from one asset class to another.

    Stocks till 2000
    Houses till 2006
    Gold silver ?

  13. grim says:

    Optic,

    The best data on a town level is from Otteau. The problem is it’s released quarterly, and usually a bit on the late side.

    Otteau Data

    The most recent data is Q4. We’re already in Q2. It’s lagging by months. But hey, we’ll take anything we can get.

    The market didn’t start to shift until Q4 of last year. The Otteau quarterly data begin to show that. I don’t think we’ll see the Q1 NJAR or Otteau data until mid-May.

    I’d be careful about drawing too much of a conclusion based on current activity. While I have my own opinion, one I’m very vocal about. The truth is we are in uncharted waters. If the 90’s in the Northeast or Japan are any indicator of how housing might play out, I don’t think anywhere is going to be “immune” or “flat”.

    Remember, saying prices will stay flat is still a prediction.

    grim

  14. grim says:

    Thanks Anon @ 8:51.

    grim

  15. Metroplexual says:

    Grim,

    The article speak about Dallas being hot now. I was down there in November and saw a ton of stuff on the market. I also will note that Dallas is going through a period of high foreclosures. Is it possible that that is what is getting picked up in the sales data?

  16. Anonymous says:

    Is today Boroson column day?

    m reynolds

  17. skep-tic says:

    Jonathan Miller’s analysis of seasonal price trends on Curbed:

    http://www.curbed.com/

    **************

    “For this week’s chart I took three 5-year windows of the Manhattan co-op and condo market—1991-1995; 1996-2000; 2001-2005—and overlaid them to see if there were seasonal trends.

    “Generally there was a upswing in prices in the second quarter of each year presented.

    “No matter what 5-year period was presented, the trends were largely in sync”

    **********

    it’s important to recognize that there were 2d quarter upswings in house prices even during overall downtrending periods (e.g., mid 1990s).

    thus, even if median prices are slightly above where they were 4th quarter 05 and 1st quarter 06, it does not refute the idea that we are in an overall downward trend

  18. bairen says:

    Metroplexual good point on the interest rates. Does anyone know what mtg rates in Europe and Australia have been doing over the last few years? I believe most mtgs in those countries are like our short term arms, some are even variable and can change on a monthly basis.

  19. Anonymous says:

    China 1 year rates 5.85%.

    Competition for money going up. Interest rates up, Invenotry up and House prices down.

  20. grim says:

    China’s central bank unexpectedly raised one of their key interest rates this morning.

    I believe the 10Y briefly hit 5.13% this morning, looks like it’s around 5.12% right now, despite a larger than expected initial claims report.

    I’ve heard quite a bit of chatter lately on the U.S. needing to increase rates in response to rate changes across the globe to keep the dollar strong. Each time the fed raises, the dollar rallies, each time a foreign central bank raises or talks about dollar reserves, the dollar falls.

    Falling dollars equals inflation on imports, and god knows that if anyone can import, it’s us.

    So we seem to be potentially hitting a catch-22 situation. If the fed pauses, the dollar falls, and the potential to see inflation on the imports side rises. Thus requiring the fed to hike.

    Even bigger problem is the Fed is forced to hike because of these import inflation numbers, and due to growth, productivity, and capacity.

    grim

  21. grim says:

    I need to start proofreading or writing slower. I’m a very fast typer, and can usually type faster than I can think. That last paragraph should read:

    Even bigger problem is if the Fed is forced to hike because of inflation due to imports, and not due to growth, productivity, and capacity.

  22. Grim – How about some Poll from the visitors of the blog? I am not sure if blogger provides such a feature. This could be a good question.

    What is your prediction of NNJ Home price gain/loss for 2006?

    -40%
    -30%
    -20%
    -10%
    0%
    +10%
    +20%

    This may give idea of what we all collectively are thinking.

  23. Metroplexual says:

    Shailesh Gala said…
    Grim – How about some Poll from the visitors of the blog? I am not sure if blogger provides such a feature. This could be a good question.

    This site is used by bubbleboy.

    http://www.pollhost.com/

    http://bighousingbubble.blogspot.com/

  24. Grim – I tried out following site.

    http://www.blogpoll.com

    You create a Poll, at the end it give HTML code, that you can post it in Blogger. The Blogger displays poll, and once user select answers, it pops results in new window.

    Looked pretty ok.

  25. Anonymous says:

    Ba ba ba ba ba ba ba BOYCOTT Houses!

    Boooooyaaaaaa

    Bob

  26. Anonymous says:

    Shaleish Gala:

    By 2008-09 home prices will be 40% of what they are today. ie; “$1m” house today will be $400k.

  27. Anonymous says:

    37% YOY increase in inventory and Realtors have the nerve to say NO bubble.

    19,207 listed homes March 2006

    VS

    13,989 listed homes march 2005

    That’s alot of panicky sellers out there. hehehee

  28. Anonymous says:

    And the NAR calls the market balanced or Normal.

    HAHAHAHHA!

  29. Anonymous says:

    I’ll bet we see 25,000 listed homes for sales by end of September as the panicky sellers try to rush out the closed door.

    TOO LATE!.

  30. Anonymous says:

    I called the listing agent to place an offer. My offer was 10% less then the asking price but still it was little more then the last year’s price. When he heard my offer, he started laughing and started telling me the market is still strong and he was so much confidant that he will be able to sale the home close to the asking price.

    Time will tell….

  31. The fact that you received that much of a reaction says a lot. Obviously, he wants you to increase the $$$, and is notably disappointed with what you said.

    That doesn’t mean that some else won’t step in, but you should know that you are in the running.

    A simple “thank you” would have been far less reassuring.

    Good luck.

  32. Anonymous says:

    wHEN THEY CALL YOU BACK ASKING IF YOU ARE STILL INTERESTED TELL’EM NOW IT’S 15% BELOW THE ASKING DUE TO INTEREST RATES AND THE NNJBUBBLEBLOG FACTUAL INFORMATION.

  33. Anonymous says:

    I felt insulted when he laughed at me after I put an offer. I told him that your listing price is much higher then last year’s price and this is my final offer. He said that he is very confident that he will able to sale it for close to the asking price. I told him “Good Luck”.

  34. Roadtripboy says:

    Anon 10:24,

    I don’t blame you for feeling insulted. You put in a good-faith offer to purchase a property and the agent laughs??? Apparently they feel entitled to offers of mega-$$$. They should feel thankful that someone is interested. But alas, we don’t live in a perfect world.

    I agree with the other anon: if they come back to you at a later time (say next week???) and ask if you are interested, definitely lower the offer. We buyers need to start taking the attitude that the sellers need us and not the other way around.

  35. Anonymous says:

    Atlanta Midtown condo market is cooling. Just opened Spire, a 28-story building with 388 condos has 104 units on the market.

    The builder, Novare, sold out Spire quickly, after enjoying great success in 2002 with the 498-unit Metropolis across the street, but Spire’s 96 resellers (flippers?) and 6 owners hoping to rent out their units are in deep trouble.

    Prices range from $167k to $768k for 1 & 2bedroom units.
    http://ianmarshall.mlsb.com/mls/results_fields.cfm?ClientID=2671&SearchType=Address&HOUSE_NUMB=860&STREET_NAM=peachtree&CITY_NAME=%276198%27

    New stuff sells in Atlanta because Atlantans are willing to pay a premium for the latest & greatest–but as Metropolis resellers are finding out–that premium doesn’t last long.

    Atlanta’s condo market is probably going to have a soft landing. New buildings are probably going to do well–just not as well as before. But existing condo owners inside the Perimeter can forget about making a fast buck. In fact, Fulton County property records show that many condo dwellers had to sell for 10 to 15 percent less than what they paid if they purchased at inflated prices during the 1999-2001 period.

    The problem with many condo buyers is that their purchasing decision is based on what they can afford for a monthly payment instead of a realistic resale value 2 to 4 years later. Many find that prices declined two years later instead of rising.

    Not to speak of the rest of ATL–just the Midtown area has no less than 1,200 units coming on line and 4,200 in the planning stages. Let’s name a few mega projects: Atlantic Station, Plaza Midtown, Centennial Park, Onyx, Aqua, 13th St conversion, and we’re not even considering all the new supply in Buckhead and elsewhere inside the Perimeter.

    Single-family homes inside the perimeter are selling well, but the resell market for condos is really bad. It’s going to be an expensive summer for condo resellers who hold out for 95% of asking price. If that magical offer comes, it will have been at a very high holding cost–but most resellers have this myopic view that its better to lose $10k in monthly payments than to lower their price by $5k to unload their property. This is not a luxury that many can afford thanks to option-ARMS and cash-strapped speculators.

    Who’s hiring? Who’s relocating here? I suspect a lot of Atlanta’s recent job growth is explained by tourism and conventions coming here instead of New Orleans. That could explain some of the success of the new Georgia Aquarium. Moreover, Atlanta got several thousand evacuees, who are here to stay. Ticker counters can’t afford a Midtown condo.

    Midtown white-collar condo-paying jobs are booming right? No. Atlanta has a great long-term future, but the short-term is dismal. Besides the announced closure of Ft. McPherson, there are mergers, layoffs, and shutdowns affecting GM, Ford, ATT/Bellsouth, Cingular, Hewlett Packard, Delta—just to name a few.

  36. StarSearch says:

    Visit my MLS SEARCH Site!

    Multi-Listing-Service.com

    I HAVE USED IT FOR YEARS TO FIND MLS REAL ESTATE LISTINGS IN MY LOCAL AREA!

    MLS SEARCH

  37. StarSearch says:

    Visit my MLS SEARCH Site! IT IS HIGHLY RECOMMINDED…

    Multi-Listing-Service.com

    I HAVE USED IT FOR YEARS TO FIND MLS REAL ESTATE LISTINGS IN MY LOCAL AREA!

    MLS SEARCH
    http://www.multi-listing-service.com

  38. StarSearch says:

    Visit my MLS SEARCH SITE!
    IT’S HIGHLY RECOMMINDED…

    Multi-Listing-Service.com

    I HAVE USED IT FOR YEARS TO FIND MLS REAL ESTATE LISTINGS IN MY LOCAL AREA!

    MLS SEARCH
    http://www.multi-listing-service.com

  39. Pingback: Anonymous

  40. Pingback: Anonymous

  41. Milenax says:

    I love you so much! Great place to visit! acs student education loans

  42. Shawnx says:

    Impressive webpage! I like it a lot! I’m looking forward to the next update acs education loan student

  43. Helenax says:

    Good content and very informativity! Thanks! acs consolidated student loans

  44. Jackx says:

    Great work,webmaster,nice design! acs education student loan

  45. Coreyx says:

    Hi all! I really like this great site! acs student loans access account

  46. Kristinxa says:

    nice project with good design and pictures…best wishes…;-)) acs student loans

  47. Jamesx says:

    This is a wonderful wealth of information! acs loans payment student

  48. Laxura says:

    Hi,excellent site! Thank you! acs and student loans

  49. Jamesx says:

    Nice site with good design,Keep it up! student loans acs

  50. Karexn says:

    Nice and informative site….good work! acs student loan payment

  51. Grixoriy says:

    Hi all! I really like this great site! acs des student loans

  52. Jamesx says:

    nice project with good design and pictures…best wishes…;-)) acs student loan consolidation

  53. Trexvor says:

    very nice site!!! good luck!!! loan till payday

  54. Robertox says:

    It’s a very good site !! Very nice work, admin :) ameriloan payday loan

  55. Helenax says:

    I love you so much! Great place to visit! ameriloan payday loan

  56. Milenax says:

    Good site with easy navigation. Thanks, i liked it. instant faxless payday loan

  57. Grahamx says:

    Fantastic website you have here loan till payday

  58. Jamesx says:

    I think your site is very nice site! floirda home loan

  59. Jackx says:

    nice project with good design and pictures…best wishes…;-)) sonic payday loan

  60. Katanax says:

    Hello all! Very nice site and very informativity! loan mortgage officer referral

  61. Ronxaldo says:

    Nice and informative site….good work! equity home loan nashua rate

  62. Laxura says:

    Very nice work,You are doing great job! no telecheck payday loan

  63. Ronxaldo says:

    Nice and informative site….good work! equity home loan nashua rate

  64. Davidx says:

    Very nice work,You are doing great job! cons equity home loan pro

  65. Roxr says:

    Very nice work,You are doing great job! equity home loan nashua rate

  66. Grixoriy says:

    I think your site is very nice site! loan payday qualification

  67. Traxvis says:

    very nice site!!! good luck!!! arena loan quicken

  68. Laxura says:

    Hi all! I really like this great site! instant faxless payday loan

  69. Robertox says:

    This is a wonderful wealth of information! aames home loan

  70. Oliverx says:

    Hello,admin!Your site is fantastic! ics payday loan

  71. Traxvis says:

    Hi,excellent site! Thank you! ics payday loan

  72. Wendyx says:

    This site is very interesting! arena loan quicken

  73. Rickox says:

    Very good site. You are doing great job. Please Keep it up….! no telecheck payday loan

  74. Coreyx says:

    Good content and very informativity! Thanks! cons equity home loan pro

  75. Jamesx says:

    Wow! This site is very good! loan military omni

  76. Merlinx says:

    It’s a very good site !! Very nice work, admin :) paperless payday loan

  77. Davidx says:

    Nice and informative site….good work! ameriloan payday loan

  78. Popex says:

    I think your site is very nice site! equity home loan nashua rate

  79. Mammxa says:

    I have just found your website great ameriloan payday loan

  80. Wendyx says:

    Hello,admin!Your site is fantastic! paperless payday loan

  81. Shawnx says:

    Very nice work,You are doing great job! loan military omni

  82. Popex says:

    I think your site is very nice site! equity home loan nashua rate

  83. Popex says:

    You have many friends that post in your guestbook – it is cool! floirda home loan

  84. Popex says:

    You have many friends that post in your guestbook – it is cool! floirda home loan

  85. Shawnx says:

    Very nice work,You are doing great job! loan military omni

  86. Katanax says:

    Really enjoyed exploring this site. Hope to return some day floirda home loan

  87. Katanax says:

    Really enjoyed exploring this site. Hope to return some day floirda home loan

  88. Karexn says:

    Great work,webmaster,nice design! loan till payday

  89. Katanax says:

    Really enjoyed exploring this site. Hope to return some day floirda home loan

  90. Milenax says:

    Nice and informative site….good work! unsubsidized stafford loan

  91. Karexn says:

    I have just found your website great instant faxless payday loan

  92. Johnx says:

    Hello,admin!Your site is fantastic! cons equity home loan pro

  93. Wendyx says:

    You have good site, thx a lot! loan payday tendollar

  94. Grixoriy says:

    nice project with good design and pictures…best wishes…;-)) no teletrack payday loan

  95. Chrisx says:

    You have many friends that post in your guestbook – it is cool! arena loan quicken

  96. Robertox says:

    Very nice work,You are doing great job! loan payday tendollar

  97. Mammxa says:

    This is a wonderful wealth of information! no teletrack payday loan

  98. Wendyx says:

    You have good site, thx a lot! loan payday tendollar

  99. Mammxa says:

    This is a wonderful wealth of information! no teletrack payday loan

  100. Vincentx says:

    Nice and informative site….good work! ics payday loan

  101. Wendyx says:

    Hello all! Very nice site and very informativity! loan payday tendollar

  102. Daxvis says:

    Hello all! Very nice site and very informativity! cons equity home loan pro

  103. Laxura says:

    Very interesting site. Perfect design and content. Thanks instant faxless payday loan

  104. Shwarzx says:

    Very good site. You are doing great job. Please Keep it up….! sallie mae student loan

  105. Roxr says:

    Great work,webmaster,nice design! loan payday tendollar

  106. Shawnx says:

    very nice site!!! good luck!!! ics payday loan

  107. Traxvis says:

    nice project with good design and pictures…best wishes…;-)) ics payday loan

  108. Vincentx says:

    I have just found your website great loan till payday

  109. Helenax says:

    This is a wonderful wealth of information! instant faxless payday loan

  110. Oliverx says:

    Nice site with good design,Keep it up! sallie mae student loan

  111. Oliverx says:

    Really enjoyed exploring this site. Hope to return some day loan payday qualification

  112. Andrexw says:

    I have just found your website great cons equity home loan pro

  113. Jackx says:

    Very nice work,You are doing great job! no telecheck payday loan

  114. Karexn says:

    This is a wonderful wealth of information! aames home loan

  115. Johnx says:

    Really enjoyed exploring this site. Hope to return some day loan payday tendollar

  116. Kristinxa says:

    Nice and informative site….good work! sallie mae student loan

  117. Davidx says:

    I love you so much! Great place to visit! loan military omni

  118. Daxvis says:

    I have just found your website great sonic payday loan

  119. Chrisx says:

    Very interesting site, beautiful design, thank. no telecheck payday loan

  120. Jackx says:

    Hello,admin!Your site is fantastic! arena loan quicken

  121. Milenax says:

    Very good site. You are doing great job. Please Keep it up….! instant faxless payday loan

  122. Ronxaldo says:

    Fantastic website you have here ameriloan payday loan

  123. Mammxa says:

    Hi,excellent site! Thank you! loan payday tendollar

  124. Robertox says:

    Yo have nice site, admin! keep up good work man! loan mortgage officer referral

  125. Shwarzx says:

    Nice site with good design,Keep it up! ics payday loan

  126. Oliverx says:

    I think your site is very nice site! ameriloan payday loan

  127. Grahamx says:

    Keep up good work,yo have nice site! loan military omni

  128. Mammxa says:

    Great work,webmaster,nice design! sonic payday loan

  129. Merlinx says:

    Nice and informative site….good work! unsubsidized stafford loan

  130. Vincentx says:

    Impressive webpage! I like it a lot! I’m looking forward to the next update loan payday tendollar

  131. Tommyx says:

    You have many friends that post in your guestbook – it is cool! paperless payday loan

  132. Grixoriy says:

    Very good site. You are doing great job. Please Keep it up….! sallie mae student loan

  133. Margox says:

    Fantastic website you have here floirda home loan

  134. Popex says:

    Hi,excellent site! Thank you! arena loan quicken

  135. Popex says:

    Impressive webpage! I like it a lot! I’m looking forward to the next update cons equity home loan pro

  136. Katanax says:

    very nice site!!! good luck!!! ez payday loan

  137. Grixoriy says:

    I love you so much! Great place to visit! no telecheck payday loan

  138. Mammxa says:

    Yo have nice site, admin! keep up good work man! loan military omni

  139. Helenax says:

    I think your site is very nice site! no telecheck payday loan

  140. Milenax says:

    I love you so much! Great place to visit! unsubsidized stafford loan

  141. Kristenx says:

    It’s a very good site !! Very nice work, admin :) unsubsidized stafford loan

  142. Wendyx says:

    I love you so much! Great place to visit! floirda home loan

  143. Ronxaldo says:

    Nice and informative site….good work! cons equity home loan pro

  144. Shwarzx says:

    Really enjoyed exploring this site. Hope to return some day aames home loan

  145. Tommyx says:

    Very interesting site, beautiful design, thank. sonic payday loan

  146. Jackx says:

    You have good site, thx a lot! sonic payday loan

  147. Trexvor says:

    Nice site with good design,Keep it up! ez payday loan

  148. Jamesx says:

    It’s a very good site !! Very nice work, admin :) aames home loan

  149. Popex says:

    Hi,excellent site! Thank you! loan payday tendollar

  150. Davidx says:

    Very interesting site. Perfect design and content. Thanks ameriloan payday loan

  151. Davidx says:

    Really enjoyed exploring this site. Hope to return some day aames home loan

  152. Mammxa says:

    Hello admin, nice site ! Good content, eautiful design, thank ! ameriloan payday loan

  153. Chrisx says:

    Very interesting site, beautiful design, thank. sallie mae student loan

  154. Katanax says:

    I think your site is very nice site! equity home loan nashua rate

  155. Popex says:

    Really enjoyed exploring this site. Hope to return some day ez payday loan

  156. Shwarzx says:

    It’s a very good site !! Very nice work, admin :) loan mortgage officer referral

  157. Chrisx says:

    Keep up good work,yo have nice site! no teletrack payday loan

  158. Coreyx says:

    Nice and informative site….good work! instant faxless payday loan

  159. Ronxaldo says:

    nice project with good design and pictures…best wishes…;-)) aames home loan

  160. Ronxaldo says:

    nice project with good design and pictures…best wishes…;-)) aames home loan

  161. Ronxaldo says:

    nice project with good design and pictures…best wishes…;-)) aames home loan

  162. Shawnx says:

    Keep up good work,yo have nice site! cons equity home loan pro

  163. Traxvis says:

    I think your site is very nice site! arena loan quicken

  164. Chrisx says:

    Nice and informative site….good work! floirda home loan

  165. Chrisx says:

    Nice and informative site….good work! floirda home loan

  166. Robertox says:

    Hello all! Very nice site and very informativity! aames home loan

  167. Andrexw says:

    Nice site with good design,Keep it up! equity home loan nashua rate

  168. Traxvis says:

    This is a wonderful wealth of information! unsubsidized stafford loan

  169. Traxvis says:

    This is a wonderful wealth of information! unsubsidized stafford loan

  170. Michaelx says:

    Hello admin, nice site ! Good content, eautiful design, thank ! loan till payday

  171. Grahamx says:

    Hello admin, nice site ! Good content, eautiful design, thank ! loan military omni

  172. Chrisx says:

    Nice and informative site….good work! floirda home loan

  173. Rickox says:

    Hello,admin!Your site is fantastic! loan mortgage officer referral

  174. Andrexw says:

    Nice site with good design,Keep it up! equity home loan nashua rate

  175. Robertox says:

    Hello all! Very nice site and very informativity! aames home loan

  176. Grahamx says:

    Hello admin, nice site ! Good content, eautiful design, thank ! loan military omni

  177. Johnx says:

    I think your site is very nice site! ics payday loan

  178. Grixoriy says:

    Nice and informative site….good work! cons equity home loan pro

  179. Johnx says:

    I think your site is very nice site! ics payday loan

  180. Shawnx says:

    nice project with good design and pictures…best wishes…;-)) ez payday loan

  181. Margox says:

    Hi all! I really like this great site! loan till payday

  182. Katanax says:

    Very interesting site. Perfect design and content. Thanks no teletrack payday loan

  183. Karexn says:

    Very interesting site. Perfect design and content. Thanks arena loan quicken

  184. Katanax says:

    Very interesting site. Perfect design and content. Thanks no teletrack payday loan

  185. Laxura says:

    It’s a very good site !! Very nice work, admin :) loan mortgage officer referral

  186. Chrisx says:

    Great work,webmaster,nice design! instant faxless payday loan

  187. Michaelx says:

    Nice and informative site….good work! sonic payday loan

  188. Laxura says:

    It’s a very good site !! Very nice work, admin :) loan mortgage officer referral

  189. Grixoriy says:

    I have just found your website great no telecheck payday loan

  190. Davidx says:

    This is a wonderful wealth of information! ameriloan payday loan

  191. Laxura says:

    Yo have nice site, admin! keep up good work man! unsubsidized stafford loan

  192. Davidx says:

    Very nice work,You are doing great job! paperless payday loan

  193. Jeffix says:

    Nice and informative site….good work! no teletrack payday loan

  194. Ronxaldo says:

    Yo have nice site, admin! keep up good work man! sallie mae student loan

  195. Rickox says:

    Nice and informative site….good work! loan till payday

  196. Quincyx says:

    Nice site with good design,Keep it up! sonic payday loan

  197. Traxvis says:

    You have good site, thx a lot! loan till payday

  198. Jamesx says:

    I think your site is very nice site! loan payday qualification

  199. Oliverx says:

    You have many friends that post in your guestbook – it is cool! floirda home loan

  200. Johnx says:

    Very interesting site. Perfect design and content. Thanks paperless payday loan

  201. Merlinx says:

    Really enjoyed exploring this site. Hope to return some day loan payday tendollar

  202. Jackx says:

    Hello all! Very nice site and very informativity! ics payday loan

  203. Merlinx says:

    It’s a very good site !! Very nice work, admin :) loan military omni

  204. Oliverx says:

    Very good site keep it up! ics payday loan

  205. Grahamx says:

    Fantastic website you have here ez payday loan

  206. Oliverx says:

    Very good site keep it up! ics payday loan

  207. Daxvis says:

    Very interesting site. Perfect design and content. Thanks ez payday loan

  208. Trexvor says:

    I think your site is very nice site! arena loan quicken

  209. Rickox says:

    Very good site. You are doing great job. Please Keep it up….! ez payday loan

  210. Kristenx says:

    I think your site is very nice site! aames home loan

  211. Traxvis says:

    It’s a very good site !! Very nice work, admin :) sonic payday loan

  212. Kristinxa says:

    Hello,admin!Your site is fantastic! loan till payday

Comments are closed.