Comments on: Economy “temporarily bolstered by an irrational buying trend” http://njrereport.com/index.php/2006/12/26/economy-temporarily-bolstered-by-an-irrational-buying-trend/ Real Estate, Economics, and Politics Thu, 09 Feb 2012 20:33:35 +0000 hourly 1 http://wordpress.org/?v=3.0 By: Marc http://njrereport.com/index.php/2006/12/26/economy-temporarily-bolstered-by-an-irrational-buying-trend/#comment-66517 Marc Sat, 30 Dec 2006 07:22:41 +0000 http://njrereport.com/index.php/2006/12/26/economy-temporarily-bolstered-by-an-irrational-buying-trend/#comment-66517 New Jersey - Real Estate - FSBO It seems like more and more home owners are flocking to free real estate sites to market for sale by owner listings. Web sites like NJville.com and craigslist allow the homeowners to get better results marketing themselves than if they went with a realtor or paid for a listing on other NJ real estate sites. These types of site are free to use and seem to be a growing trend. hmmm... nj real estate,new jersey real estate, NJ fsbo,new jersey fsbo,njville.com,craigslist.com New Jersey – Real Estate – FSBO

It seems like more and more home owners are flocking to free real estate sites to market for sale by owner listings. Web sites like NJville.com and craigslist allow the homeowners to get better results marketing themselves than if they went with a realtor or paid for a listing on other NJ real estate sites. These types of site are free to use and seem to be a growing trend. hmmm…

nj real estate,new jersey real estate, NJ fsbo,new jersey fsbo,njville.com,craigslist.com

]]> By: patient.... http://njrereport.com/index.php/2006/12/26/economy-temporarily-bolstered-by-an-irrational-buying-trend/#comment-66239 patient.... Thu, 28 Dec 2006 23:34:36 +0000 http://njrereport.com/index.php/2006/12/26/economy-temporarily-bolstered-by-an-irrational-buying-trend/#comment-66239 How quickly they forget. There was a nice bounce in the NASDAQ six months after the peak, but how long did it take for it to really deflate? Stocks are much more liquid than real estate, I expect it to take 5 years to sort this one out.... http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=nasdaq&sid=3291&o_symb=nasdaq&freq=2&time=13 How quickly they forget. There was a nice bounce in the NASDAQ six months after the peak, but how long did it take for it to really deflate? Stocks are much more liquid than real estate, I expect it to take 5 years to sort this one out….
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=nasdaq&sid=3291&o_symb=nasdaq&freq=2&time=13

]]> By: broadband via power lines http://njrereport.com/index.php/2006/12/26/economy-temporarily-bolstered-by-an-irrational-buying-trend/#comment-64664 broadband via power lines Tue, 26 Dec 2006 17:41:23 +0000 http://njrereport.com/index.php/2006/12/26/economy-temporarily-bolstered-by-an-irrational-buying-trend/#comment-64664 http://www.paperdinero.com/BNN.aspx?id=78 >housing bubble video http://www.paperdinero.com/BNN.aspx?id=78

>housing bubble video

]]> By: James Bednar http://njrereport.com/index.php/2006/12/26/economy-temporarily-bolstered-by-an-irrational-buying-trend/#comment-64495 James Bednar Tue, 26 Dec 2006 11:29:07 +0000 http://njrereport.com/index.php/2006/12/26/economy-temporarily-bolstered-by-an-irrational-buying-trend/#comment-64495 From Newsday: <a href="http://www.newsday.com/business/ny-bzyear265028889dec26,0,7888316.story?coll=ny-business-print" target="_blank" rel="nofollow">A year of for-sale signs</a> It could have been worse but Long Island's economy could have been better, too, in the year just ending. After years of inflating, the Island's housing bubble sprang a noisy leak; prices for homes, the largest investments for many Long Islanders, fell in Nassau and rose barely at all in Suffolk. Sensing the crest, more homeowners put their houses up for sale so that inventory backed up and there seemed hardly to be a street anywhere without for-sale signs. The hissing leak reduced homeowners' ability to borrow on equity and might have diminished their willingness in general to spend money. But economist Pearl Kamer of the Long Island Association, a business group, says the summer's $3-a-gallon-plus gasoline did a lot more damage to consumer confidence - evidenced by sales tax revenues, a barometer of consumer sentiment. As gasoline prices peaked in July, sales tax revenues fell off; when prices fell in the fall, tax revenues recovered. "People who had to pay higher gasoline prices cut back on all their other discretionary expenditures," she said. From Newsday:

A year of for-sale signs

It could have been worse but Long Island’s economy could have been better, too, in the year just ending.

After years of inflating, the Island’s housing bubble sprang a noisy leak; prices for homes, the largest investments for many Long Islanders, fell in Nassau and rose barely at all in Suffolk. Sensing the crest, more homeowners put their houses up for sale so that inventory backed up and there seemed hardly to be a street anywhere without for-sale signs.

The hissing leak reduced homeowners’ ability to borrow on equity and might have diminished their willingness in general to spend money. But economist Pearl Kamer of the Long Island Association, a business group, says the summer’s $3-a-gallon-plus gasoline did a lot more damage to consumer confidence – evidenced by sales tax revenues, a barometer of consumer sentiment.

As gasoline prices peaked in July, sales tax revenues fell off; when prices fell in the fall, tax revenues recovered. “People who had to pay higher gasoline prices cut back on all their other discretionary expenditures,” she said.

]]>