Monthly Archives: May 2009

Study confirms the obvious, it ain’t cheap to live here

Posted on May 7, 2009 by grim

From the Record: Real estate market still pricey Despite a recent drop in home prices, the New York metropolitan area remains one of the least affordable housing markets in the nation, according to a study released today. The study by … Continue reading →

Posted in Economics, New Jersey Real Estate | 373 Comments

Homeownership a public good or burden?

Posted on May 7, 2009 by grim

From the Economist: Shelter, or burden? IN A scene from the film “It’s a Wonderful Life”, a happy couple is about to enter their new home. Jimmy Stewart, whose firm has sold them the mortgage, reflects that there is “a … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 295 Comments

Home sales recovery skips the Northeast

Posted on May 5, 2009 by grim

From the Philly Inquirer: Area pending home sales below national levels Pending home sales in the eight-county Philadelphia area fell 14.7 percent in March from February, a downward trend that has been nearly uninterrupted since the subprime-mortgage meltdown began in … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 391 Comments

Home prices may not recover for a generation

Posted on May 4, 2009 by grim

From Bloomberg: U.S. Home Prices May Be Lost for a Generation We might be looking at a lost generation for U.S. home values. Far too many analysts are calling a bottom to the housing market after home prices in 20 … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 348 Comments

No shelter

Posted on May 3, 2009 by grim

From the Record: Even affluent towns see rise in foreclosures Home foreclosure actions nearly tripled in North Jersey’s wealthier communities last year, as housing distress continued to spread beyond the modest neighborhoods that have been the most afflicted. In a … Continue reading →

Posted in Foreclosures, Housing Bubble, New Jersey Real Estate | 45 Comments

How much hideousness do you get for $9.5m $6.75m?

Posted on May 1, 2009 by grim

Presented without comment in lieu of the “Weekend Open” 242 Hartshorn Drive, Millburn NJ Original List Price: $9,500,000 Current Asking: $6,750,000

Posted in Humor, New Jersey Real Estate | 234 Comments