Monthly Archives: April 2009

Brigadoon Mega-Comp-Killer

Posted on April 30, 2009 by grim
Posted in Comp Killer, Housing Bubble, North Jersey Real Estate | 299 Comments

Many don’t know that Brigadoon is what Westfield-insiders refer to their town as when among locals. Really! Only outsiders call it Westfield and you’d stick out like a sore thumb if you called it that to someone familiar with the … Continue reading →

Prices UP in Mendham? Huh?

Posted on April 29, 2009 by grim
Posted in Economics, Housing Bubble, North Jersey Real Estate | 284 Comments

Matt Woolsey from Forbes is reporting on the performance of the Mendham real estate market (an affluent Northern NJ suburb for those not familiar) as part of the Forbes Luxury Housing Index. The index is based on zip code data … Continue reading →

New Jersey Home Price Tracker – April

Posted on April 28, 2009 by grim
Posted in General | 404 Comments

The New Jersey Home Price Index Tracker has been updated to include: * February S&P Case Shiller (Aggregate, Tiered, Condo) (click to enlarge) (click to enlarge) S&P Case Shiller NY Metro Commutable Area Home Price Index Low Tier (Under $300k) … Continue reading →

Case Shiller Day!

Posted on April 28, 2009 by grim
Posted in Economics, Housing Bubble, National Real Estate | 200 Comments

From the Record: Home prices in N.Y. region fell 10.2 percent in February Home prices declined 10.2 percent in the New York metropolitan area, which includes North Jersey, from February 2008 to February 2009, the Standard & Poor’s Case-Shiller index … Continue reading →

Ridgewood? Can’t be.

Posted on April 27, 2009 by grim
Posted in Economics, Housing Bubble, North Jersey Real Estate | 141 Comments

From Bloomberg: Boomer Bows Out in Shakeout That Led to Vermont Beard In early 2008, David Roberts’s morning routine at the Ridgewood, New Jersey, train station was as unchanged as the view from its platform, which overlooks a downtown anchored … Continue reading →

Neighbors on the hook

Posted on April 27, 2009 by grim
Posted in Economics, New Jersey Real Estate | 194 Comments

From the Record: Complex fed up with delinquent fees “Love thy neighbor” is under fire at The Glens in Pompton Plains. Even before the economy nose-dived, Cathy Winterfield said neighbors were burdening neighbors with the cost of maintaining property they … Continue reading →

Weekend Open Discussion

Posted on April 24, 2009 by grim
Posted in General | 423 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 →

Unprecedentedly Brutal

Posted on April 23, 2009 by grim
Posted in Economics, Housing Bubble, New Development, New Jersey Real Estate | 275 Comments

From the Record: N.J. builders feel the pain New Jersey builders used the words “brutal” and “unprecedented” repeatedly at a statewide trade show Tuesday to describe a housing market undermined by surging unemployment and tighter mortgage lending. Attendance at the … Continue reading →

School budget time!

Posted on April 21, 2009 by grim
Posted in New Jersey Real Estate, Politics, Property Taxes | 359 Comments

From Bloomberg: Tax-Weary New Jersey Residents May Reject More School Budgets New Jersey residents may reject a greater percentage of school budgets than last year when they go to the polls today amid dissatisfaction with rising property taxes that are … Continue reading →

Saving Paris Orange

Posted on April 20, 2009 by grim
Posted in Economics, New Development, North Jersey Real Estate | 365 Comments

From the NY Times: Dissecting the ‘Heart of Orange’ A GLOBAL economic crisis provides the perfect opportunity to rethink the design of an old city — be it Paris or Orange — said a French urbanist who has been engaged … Continue reading →

Weekend Open Discussion

Posted on April 18, 2009 by grim
Posted in General | 317 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 →

Philly area home prices fall 7.4%, sales fall by more than a quarter

Posted on April 17, 2009 by grim
Posted in Housing Bubble, New Jersey Real Estate, South Jersey Real Estate | 314 Comments

From Prudential Fox & Roach: Greater Philadelphia Housing Prices Decreased 7.4 Percent in the First Quarter of 2009; (no link) reater Philadelphia region* median home sale prices decreased 7.4 percent to $199,000 in the first quarter of 2009, according to … Continue reading →

FRB Beige Book – NY Area Real Estate

Posted on April 15, 2009 by grim
Posted in Economics, New Jersey Real Estate | 48 Comments

From the Federal Reserve: The Beige Book – Second District – New York Construction and Real Estate Commercial real estate markets in the District were mixed in the first quarter. New York City’s office market continued to deteriorate, with vacancy … Continue reading →

NJ Unemployment Rises to 8.3%

Posted on April 15, 2009 by grim
Posted in Economics, New Jersey Real Estate | 182 Comments

From the NJ Department of Labor and Workforce Development: New Jersey Unemployment Rate at 8.3 Percent in March; Employment Down by 17,200 Over the Month New Jersey’s labor market continued to tighten in March as employment fell for the 14th … Continue reading →

So much for that decline in foreclosures

Posted on April 15, 2009 by grim
Posted in Foreclosures, Housing Bubble, National Real Estate | 119 Comments

From the Wall Street Journal: Banks Ramp Up Foreclosures Increase Poses Threat to Home Prices; Delinquent Borrowers Face New Scrutiny Some of the nation’s largest mortgage companies are stepping up foreclosures on delinquent homeowners. That will likely lead to more … Continue reading →