Monthly Archives: April 2006

From the NY Sun: New York Is Losing People at Fastest Pace in America New York State is losing more residents than any other state in the country, according to U.S. Census Bureau statistics released early today. Based on surveys … Continue reading →

GSMLS Single Family Homes, Condo, Coop (Bergen, Essex, Hudson, Morris, Passaic, Somerset, Sussex, Union, Warren Counties) 4/12 – 14,812 4/19 – 15,126 (2.1% Weekly Increase) NJMLS Single Family Homes, Condo, Coop (Bergen, Essex, Hudson, Passaic Counties) 4/12 – 7,259 4/19 … Continue reading →

From Reuters: Home loan demand down as rates hit new highs Mortgage applications fell for a second consecutive week, led by a decline in demand for home purchase loans, as interest rates reached new multiyear highs, an industry trade group … Continue reading →

From the AP: Consumer Prices Climb 0.4 Percent in March Consumer prices shot up by a bigger-than-expected amount in March, reflecting higher costs for gasoline, clothing and hotel rooms. The Labor Department reported that its closely watched Consumer Price Index … Continue reading →

From RealtyTrac: Foreclosures Up 63 Percent From March 2005 Realtytrac, leading online marketplace for foreclosure properties, today released its March 2006 U.S. Foreclosure Market Report, which shows 101,597 properties nationwide entered some stage of foreclosure in March, a 13 percent … Continue reading →

From Newsday (Hat tip to Ben at the Housing Bubble Blog): Housing market pace is slowing Say one last farewell to the housing boom. In the clearest evidence to date of a housing market shift, the latest Long Island data … Continue reading →

Hot off the Fed Presses: Minutes of the Federal Open Market Committee Housing activity had moderated somewhat from the robust pace of the past summer. Although the level of single-family housing starts was unusually high in January and February, much … Continue reading →

From Bloomberg: U.S. Housing Starts Fall 7.8% in March to 1.96 Million Rate April 18 (Bloomberg) — Builders started work last month on the smallest number of new houses in a year, as rising mortgage rates and record inventories of … Continue reading →

Some interesting pieces on corruption and building this morning.. From the Asbury Park Press: The senator’s new house When it comes to potential conflicts of interest, state Sen. Wayne R. Bryant, D-Camden, is the master of denial. In his latest … Continue reading →

From Reuters: U.S. home builder sentiment lowest since Nov 2001 An index of U.S. home builder sentiment fell for a fourth consecutive month in April to its lowest since November 2001, the National Association of Home Builders said on Wednesday. … Continue reading →

Said it before and I’ll say it again. Cash will be king in the next few years. So what are your short to mid-term investment strategies? Risky or safe? CD’s? Funds? Stocks? Bonds? Commodities? Are you planning to stay liquid … Continue reading →

From the Bergen Record: The big squeeze IT’S time New Jersey got serious about affordable housing. The state is one big boomtown for developers and owners of high-priced homes. Property values seem to rise every day. But residents on low … Continue reading →

From the Jersey Journal: Residential projects dominate landscape Jersey City’s office market boom has hit a wall, making way for a surging housing market that will change the face of the city’s Downtown for decades to come, city officials and … Continue reading →

Judging from the site traffic this afternoon, it seems many of you have started your weekend early. It’s only appropriate that I start this discussion early as well. Have a great weekend! Observations about your local areas, comments on news … Continue reading →

From the Asbury Park Press: Schools asking for more from local taxpayers Almost a month after Gov. Corzine announced a state budget plan including $1.5 billion in new taxes, school boards across the state this week will ask voters to … Continue reading →