Monthly Archives: August 2008

Loan standards continue to tighten

Posted on August 12, 2008 by grim
Posted in Economics, Housing Bubble, National Real Estate, Risky Lending | 155 Comments

From the Financial Times: Tighter rules dash hopes of end to squeeze Banks expect to tighten lending standards for US households and businesses through to the end of the year and into 2009, damping any hopes of a quick end … Continue reading →

Homeowners appeal taxes as housing slumps

Posted on August 11, 2008 by grim
Posted in Housing Bubble, New Jersey Real Estate, Property Taxes | 348 Comments

From the APP: Tax boards face flood of appeals by homeowners Homeowners battered by the economy are seeking help in unprecedented numbers from property tax review boards. Nearly 6,000 tax assessment appeals were filed in Monmouth and Ocean counties this … Continue reading →

Weekend Open Discussion

Posted on August 8, 2008 by grim
Posted in General | 360 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 →

“The realty industry is quickly becoming a shadow of what it was”

Posted on August 7, 2008 by grim
Posted in Economics, Housing Bubble, National Real Estate | 412 Comments

From USA Today: Jack Jentzen never saw it coming. Four years ago, as a real estate agent in Elgin, Ill., he was enjoying the rewards of the most frenzied U.S. housing market in decades, and money poured in. Now he’s … Continue reading →

“The punches haven’t stopped long enough for him to catch his breath”

Posted on August 6, 2008 by grim
Posted in Economics, Housing Bubble, National Real Estate | 343 Comments

From the NY Times: Economists Plumb the Depths of the Downturn Even if the economy continues to deteriorate, economists generally agree that the United States is not heading for another Great Depression. Not only are the conditions far less dire, … Continue reading →

Whitney: “Home prices are going to fall much more than people expect”

Posted on August 5, 2008 by grim
Posted in Economics, Housing Bubble, National Real Estate | 445 Comments

Don’t forget to buy your tickets for the I.O.U.S.A. Screening GTG Thursday, August 21st at 8:00pm AMC Clifton Commons 16 405 Route 3 East Clifton, NJ 07014 Tickets can be purchased online, click here. —————————- From CNBC: Housing Prices Could … Continue reading →

Alarmism or Fair Warning?

Posted on August 4, 2008 by grim
Posted in Economics, New Jersey Real Estate | 375 Comments

How about something a bit different today? Is this scaremongering or should we heed the warning? From the Philly Inquirer: Climate change could cost N.J. billions Climate change will wallop New Jersey by 2100, endangering lives and causing tens of … Continue reading →

Weekend Open Discussion

Posted on August 1, 2008 by grim
Posted in General | 453 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 →