Monthly Archives: March 2009

South Jersey Pending Home Sales

Posted on March 3, 2009 by grim
Posted in Economics, South Jersey Real Estate | 195 Comments

From Prudential Fox & Roach (no link): January Pending Home Sales Index© Shows 28 Percent Drop from Last Year’s Greater Philadelphia Region Real Estate Activity DEVON, PA – February 3, 2009 – The Greater Philadelphia region* saw an 14.8 percent … Continue reading →

“Prices have to drop…They have to, have to, have to–and they have.”

Posted on March 3, 2009 by grim
Posted in Economics, Housing Bubble, National Real Estate | 294 Comments

From Bloomberg: Manhattan Apartment Sellers Cut Prices Most in 5 Years in 2008 Manhattan apartment sellers cut prices by the most in five years last year and unsold inventory rose to the highest since 1999 as the economy retreated. The … Continue reading →

Changed your vacation plans yet?

Posted on March 2, 2009 by grim
Posted in Shore Real Estate | 403 Comments

From the AP: Troubled times could be boon for Shore tourism Surging gasoline prices forced many New Jerseyans to rethink their vacation plans last summer, and stay closer to home. This year, a tank of gas is far cheaper. But … Continue reading →

January North Jersey Contract Sales

Posted on March 1, 2009 by grim
Posted in Economics, New Jersey Real Estate | 254 Comments

While we usually discuss home sales on a closed basis here (looking backwards by 2-3 months) it is often helpful to gauge home sales by looking at contract sales (signed contracts to buy). This measure is very similar (if not … Continue reading →