Monthly Archives: July 2008

Weekend Open Discussion

Posted on July 11, 2008 by grim
Posted in General | 667 Comments

This is the time and place to post observations about your local areas, comments on news stories or the New Jersey housing market, open house reports, etc. If you have any questions you wanted to ask earlier in the week … Continue reading →

June foreclosures up 53%

Posted on July 10, 2008 by grim
Posted in Foreclosures, Housing Bubble, National Real Estate | 378 Comments

From Bloomberg: U.S. Foreclosures Rose 53% in June, Bank Seizures Almost Triple U.S. foreclosure filings rose 53 percent in June from a year earlier and bank repossessions almost tripled as deteriorating property values and higher payments on adjustable mortgages forced … Continue reading →

St. Louis Fed: Home Price Drop Necessary

Posted on July 7, 2008 by grim
Posted in Economics, Housing Bubble, National Real Estate | 415 Comments

From the St. Louis Fed: The Mortgage Crisis: Let Markets Work, But Compensate the Truly Needy From the AFP: Fed study says home price drop ‘necessary’ Large-scale government intervention in the US housing crisis would be counterproductive and prevent a … Continue reading →

“First the people go, then the jobs go.”

Posted on July 7, 2008 by grim
Posted in Economics, New Development, New Jersey Real Estate | 199 Comments

From the Gloucester County Times: Pa. out-hustling N.J. in battle for business Gov. Jon Corzine, flanked by some of his top advisers, invited eight of the state’s top real estate executives to the governor’s mansion for coffee and Danish one … Continue reading →

4th of July Weekend Open Discussion!

Posted on July 4, 2008 by grim
Posted in General | 268 Comments

This is the time and place to post observations about your local areas, comments on news stories or the New Jersey housing market, open house reports, etc. If you have any questions you wanted to ask earlier in the week … Continue reading →

“We’re facing a potential spike in arson like we’ve never seen before.”

Posted on July 3, 2008 by grim
Posted in Housing Bubble, National Real Estate | 344 Comments

From Bloomberg: Arson Surges Across U.S. for Foreclosed Homes Lost to Subprime At 10:40 p.m. on April 27, a blaze at the beige Victorian house at 19 Nye St. lit up a neighborhood littered with boarded-up homes on the north … Continue reading →

State sentiment continues to deteriorate

Posted on July 2, 2008 by grim
Posted in Economics, New Jersey Real Estate | 447 Comments

From Newsday: Poll finds New Jerseyans glum about economy New Jerseyans aren’t feeling especially festive with the Fourth of July holiday approaching. A new poll finds them increasingly worried about their finances. The survey by Fairleigh Dickinson University’s Silberman College … Continue reading →

Philly Fed: New Jersey “outlook has dimmed”

Posted on July 1, 2008 by grim
Posted in General | 347 Comments

From the Press of Atlantic City: N.J. economic outlook sinks as joblessness rises The Federal Reserve’s forecasting gauge for New Jersey’s economy has turned negative for the first time in 17 years. The leading index of the Fed’s Bank of … Continue reading →