Monthly Archives: December 2006

Exodus

Posted on December 27, 2006 by grim

From the Asbury Park Press: The state falls out of Top 10 The exodus of New Jerseyans for warmer, less expensive climes is likely to cost the state some clout in Washington. New Jersey is still adding residents, but the … Continue reading →

Posted in Economics, New Jersey Real Estate, Politics | 24 Comments

Developer files builders remedy

Posted on December 27, 2006 by grim

From the NJ Herald: Developer to sue for Wantage project A Monmouth County developer is heading to court to seek approval to build 188 homes along Lower Unionville Road. Three months after the township’s Land Use Board unanimously rejected the … Continue reading →

Posted in New Development, New Jersey Real Estate | 2 Comments

“Some who missed the boom are feeling vindicated now”

Posted on December 26, 2006 by grim

From the Wall Street Journal: Renters gloat over housing slump The housing slump has been painful for millions of people who work in real estate or recently bought a house. For Patrick Killelea, however, this year has been one long … Continue reading →

Posted in Housing Bubble, National Real Estate | 103 Comments

Economy “temporarily bolstered by an irrational buying trend”

Posted on December 26, 2006 by grim

From the Citizens’ Voice: As housing goes, so goes economy When housing prices were going through the roof and people were making huge profits selling their homes at high prices, some observers worried that there was a housing “bubble.” Now, … Continue reading →

Posted in Economics, National Real Estate | 4 Comments

What annoys you?

Posted on December 26, 2006 by grim

From the Courier News: Got something about N.J. that annoys you? Stand in line When you set out to list the 10 things that most annoy New Jersey residents, one problem quickly stands out. You really need a much bigger … Continue reading →

Posted in General | 13 Comments

What to do about Fort Monmouth?

Posted on December 26, 2006 by grim

From the Philly Inquirer: A major planning effort aims at recycling Fort Monmouth The Army will withdraw from Fort Monmouth by September 2011, ending nearly a century in which it became a major economic force in New Jersey. Five years … Continue reading →

Posted in Economics, New Development, New Jersey Real Estate | Comments Off on What to do about Fort Monmouth?

Little progress seen in Camden

Posted on December 26, 2006 by grim

From the Courier Post Online: Camden’s direction up in air The hopeful and the hopeless live side by side all over Camden. Four years after the state government took control of America’s poorest city, it’s hard to tell which way … Continue reading →

Posted in Economics, New Jersey Real Estate, Politics | 1 Comment

Weekend Open Discussion

Posted on December 25, 2006 by grim

This is the time and place to post 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 … Continue reading →

Posted in General | 187 Comments

Is transit-oriented development the answer?

Posted on December 25, 2006 by grim

From the Courier News: Group: Mass transit can ease N.J. woes To explain something as complicated as the statewide property tax crisis, George Hawkins needs a whiteboard. Hawkins is the executive director of New Jersey Future, a research and advocacy … Continue reading →

Posted in New Development, New Jersey Real Estate | 21 Comments

Free speech or HOA rules?

Posted on December 25, 2006 by grim

From the Trenton Times: Homeowner free speech battle heads to court The New Jersey Supreme Court will hear arguments in January over whether homeowners surrender some of their rights when they move into developments governed by homeowners associations. Dissident residents … Continue reading →

Posted in New Jersey Real Estate | 4 Comments

Boom Over, Fundamentals Rule

Posted on December 24, 2006 by grim

From the Wall Street Journal: New Rules for Real Estate Battle-scarred mom-and-pop investors are still dabbling in real estate. But they are changing the rules of engagement. During the housing boom, many individual investors went deep into debt to buy … Continue reading →

Posted in Economics, National Real Estate | 1 Comment

High cost of living causing headaches

Posted on December 24, 2006 by grim

From the Asbury Park Press: Tough road ahead As New Jersey heads into 2007, many companies are singing a similar tune. Their sales are growing and they see opportunities ahead, but the uncertain national economy and the high cost of … Continue reading →

Posted in Economics, New Jersey Real Estate | Comments Off on High cost of living causing headaches

A handful of units for Jersey City

Posted on December 24, 2006 by grim

From the Hudson Reporter: Towers in JC, luxury lofts in UC A significant number of new residential towers, rehabilitated factories, and redevelopment areas are already under way in formerly blighted regions of town. For instance, the former site of the … Continue reading →

Posted in New Development, New Jersey Real Estate | 6 Comments

’07 Outlook

Posted on December 23, 2006 by grim

From the Daily Record: Experts expect home prices to drop in ’07 So, what’s going to happen to home prices in 2007? Kathleen Camilli of Camilli Economics thinks they will rise by 5 percent. Of 58 forecasters polled by BusinessWeek … Continue reading →

Posted in General, National Real Estate | 8 Comments

Where is the money coming from Corzine?

Posted on December 23, 2006 by grim

From the Asbury Park Press: No stemming state’s debt Gov. Corzine called it a “tremendous” day for New Jersey when he signed legislation Wednesday to borrow $270 million for stem cell research. He got the “tremendous” part right: It will … Continue reading →

Posted in Politics | 4 Comments