Monthly Archives: September 2008

The worst still to come

Posted on September 11, 2008 by grim

From the Jersey Journal: Prediction for Hudson: Housing crisis will get worse The subprime mortgage crisis has not hit Hudson County as hard as other parts of the state, but analysts say there could be more pain – and more … Continue reading →

Posted in Economics, Housing Bubble, New Jersey Real Estate | 313 Comments

Not really so different here

Posted on September 10, 2008 by grim

From the Record: Delinquent loans on residential properties rise The delinquency rate for mortgage loans, the percentage of foreclosures starting and the percentage of loans in foreclosure on New Jersey residential properties all rose in the second quarter, the Mortgage … Continue reading →

Posted in Economics, Housing Bubble, New Jersey Real Estate | 397 Comments

Bailout!

Posted on September 8, 2008 by grim

From the WSJ: U.S. Seizes Mortgage Giants Government Ousts CEOs of Fannie, Freddie; Promises Up to $200 Billion in Capital By JAMES R. HAGERTY, RUTH SIMON and DAMIAN PALETTA September 8, 2008; Page A1 In its most dramatic market intervention … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 363 Comments

Weekend Open Discussion

Posted on September 5, 2008 by grim

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 →

Posted in General | 640 Comments

September Beige Book

Posted on September 4, 2008 by grim

From the WSJ: Consumer-Spending Slowdown Weighs on Economy Fed’s ‘Beige Book’ Cites Job Losses; Prices to Stabilize By KELLY EVANS September 4, 2008; Page A4 Consumer spending across the country is weakening, a roundup of reports from the Federal Reserve … Continue reading →

Posted in Economics, National Real Estate, New Jersey Real Estate | 332 Comments

“This is happening across the five boroughs, across the US”

Posted on September 2, 2008 by grim

From the Financial Times: Manhattan shows first cracks As the US housing slump deepened over the past three years, Manhattan’s real estate market seemed immune. Instead of crumb­ling with the rest of the nation, prices continued to rocket. Sales surged … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 269 Comments