Monthly Archives: June 2009

New Jersey Home Price Tracker – June

The New Jersey Home Price Index Tracker has been updated to include: * April 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 $283721) … Continue reading

Posted in Economics, Housing Bubble, New Jersey Real Estate | 281 Comments

S&P Case Shiller April HPI

Due out at 9am this morning, post will be updated as news/info becomes available. From Bloomberg: Home-Price Declines in 20 U.S. Cities Eased in April Home prices in 20 major U.S. metropolitan areas fell in April at a slower pace … Continue reading

Posted in Economics, Housing Bubble, National Real Estate | 222 Comments

“It’s not going to be a rapid recovery.”

From CNBC: Five Reasons Housing Market Still Hasn’t Recovered Yet What happened to the housing recovery? Despite hopes that the market would begin showing signs of life this spring, the latest housing data suggests otherwise. Instead, the sector remains stubbornly … Continue reading

Posted in Economics, Housing Bubble, National Real Estate | 195 Comments

Overbuilding senior communities

I don’t care if you have plans, cancel them. What: GTG/Meet-up/Whatever When: Friday June 26th, 7:30ish (Tonight!) Where: Fitzgerald’s 1928 http://www.fitzgeralds1928.com 13 Herman Street (off Bloomfield Ave) Glen Ridge, NJ 07028 Google Maps Link For drivers, this is right off … Continue reading

Posted in Economics, New Jersey Real Estate | 557 Comments

“They weren’t able to sell it because they wanted too much money for it,”

From CNBC: Rebound In Housing Hampered By Slowdown in ‘Short Sales’ When Vasco and Mrjama Lukic’s American housing dream turned into a nightmare, they managed to escape through a long and complicated process known as a “short sale.” The Yugoslavian-born … Continue reading

Posted in Housing Bubble, New Jersey Real Estate | 97 Comments

“Where? Where?”

Don’t miss the meet-up tomorrow! When: Friday June 26th, 7:30ish Where: Fitzgerald’s 1928 http://www.fitzgeralds1928.com 13 Herman Street (off Bloomfield Ave) Glen Ridge, NJ 07028 Google Maps Link For drivers, this is right off exit 148 on the Parkway. For those … Continue reading

Posted in Housing Bubble, National Real Estate | 225 Comments

Northeast sales fall 13.4%, prices down 12.5%

From the AP/APP: Northeast home sales, prices drop in May Home sales in the Northeast declined more than 13 percent in May from year-ago levels, the worst showing in the country, as the specter of job losses loomed over the … Continue reading

Posted in Economics, Housing Bubble, National Real Estate | 247 Comments

Bye bye Burgdorff!

Hat tip to Debbie from over at Baristanet for bringing this to my attention! From Realogy: NRT Combines its two New Jersey Real Estate Brokerage Companies into Single Organization NRT LLC, the nation’s largest residential real estate brokerage company, today … Continue reading

Posted in New Jersey Real Estate | 120 Comments

The “macroeconomic forces are still overwhelmingly negative.”

Mark your calendars, the long awaited GTG When: Friday June 26th, 7:30ish Location: Fitzgerald’s 1928 http://www.fitzgeralds1928.com 13 Herman Street (off Bloomfield Ave) Glen Ridge, NJ 07028 Google Maps Link For drivers, this is right off exit 148 on the Parkway. … Continue reading

Posted in Economics, Housing Bubble, National Real Estate | 427 Comments

Perfect time to buy? Or to stay on the sidelines?

From the Record: Buying smart is all in the timing After two years of home shopping — and one canceled deal — MaryAnn and Bryan Rust bought their first house, a three-bedroom Maywood ranch, this month. They were motivated by … Continue reading

Posted in New Jersey Real Estate | 270 Comments

Weekend Open Discussion

Ok folks, it’s that time again! Steady stream of emails lately, asking about the next get together. Save the date, pencil it in, roll out of bed, whatever. When: Friday June 26th, 8ish. Location: Still TBD ————————————— This is the … Continue reading

Posted in General | 247 Comments

It’s official, the spring market was a BUST!

From Reuters: Spring U.S. housing market fell short-Coldwell CEO This year’s peak home-buying season was lackluster, as buyers seeking to trade up to larger houses were absent, said the head of one of the country’s largest real estate firms. Jim … Continue reading

Posted in Housing Bubble, National Real Estate | 248 Comments

Armageddon coming to NY metro area?

(Yes, this is a repost. The media finally caught on to what DB was saying.) From Time: New York Home Prices Forecast to Drop 40% What’s it feel like to survive one hurricane only to be told that another is … Continue reading

Posted in Economics, Housing Bubble, New Jersey Real Estate | 318 Comments

6200 NJ jobs lost in May, Unemployment rises to 8.8%

From the NJ Department of Labor and Workforce Development: New Jersey Employment Declined in May by 6,200 Jobs; Unemployment Rate at 8.8 Percent Remained Below the National Level Job losses slowed in May as New Jersey employers reduced employment by … Continue reading

Posted in Economics, New Jersey Real Estate | 218 Comments

DB: Home prices have more to fall

From Bloomberg: U.S. Home Prices to Fall 14% More, Deutsche Says U.S. home prices may fall another 14 percent, led by the New York and Orange County, California, metropolitan areas, before reaching a bottom as an increase in unemployment offsets … Continue reading

Posted in Economics, Housing Bubble, National Real Estate | 169 Comments