Monthly Archives: January 2009

Tough decisions… Painful cuts…

From the Daily Journal: New Jersey cuts will hurt homeowners Gov. Jon S. Corzine wants to cut school aid by $75 million and aid to cities by $15 million to help close a $2.1 billion budget gap. There’s no question … Continue reading

Posted in Economics, New Jersey Real Estate, Politics, Property Taxes | 206 Comments

Cheap Thrift is the new black

From the Wall Street Journal: Hard-Hit Families Finally Start Saving, Aggravating Nation’s Economic Woes Rick and Noreen Capp recently reduced their credit-card debt, opened a savings account and stopped taking their two children to restaurants. Jessica and Alan Muir have … Continue reading

Posted in Economics, National Real Estate | 361 Comments

“It’s a very sad time for everybody.”

From the Asbury Park Press: The Shore’s economy is expected to slump in 2009 The Shore’s economy is expected to tumble again in 2009 as consumers, worried about falling home prices, reeling from investment losses and bracing for possible layoffs, … Continue reading

Posted in Economics, Housing Bubble, Shore Real Estate | 297 Comments

Weekend Open Discussion

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 | 315 Comments

As goes Wall Street…

From Reuters: As Wall Street suffers, so does nearby New Jersey The Wall Street upheaval that has depressed New York City’s high-flying real estate market is also slowing property sales and lowering prices right across the river in the state … Continue reading

Posted in Economics, Housing Bubble, National Real Estate | 118 Comments