Monthly Archives: August 2009

Tick.. Tick.. Tick..

Posted on August 7, 2009 by grim

From the Record: First-time homebuyers rush to meet tax credit deadline First-time buyers are searching for homes with a growing sense of urgency, worried that time is running out on an $8,000 federal tax credit. North Jersey real estate agents … Continue reading →

Posted in Economics, Housing Bubble, New Jersey Real Estate | 384 Comments

Housing market is just fine, move along.

Posted on August 6, 2009 by grim

From the WSJ: Fannie Mae Loss Balloons; Says Needs Treasury For Survival Fannie Mae (FNM) posted a sharply wider second-quarter loss on $18.8 billion of credit-related impacts as delinquencies continued to surge and the company admitted it is reliant on … Continue reading →

Posted in Economics, Housing Bubble | 93 Comments

Paying property tax? Appeal!

Posted on August 6, 2009 by grim

From the NYT the local Blog: An Appeal for a Better Real Estate Tax System Property taxes in New Jersey are the highest in the nation by percent of a homeowner’s income and by just about any other measure. In … Continue reading →

Posted in New Jersey Real Estate, Property Taxes | 235 Comments

Northern NJ July Home Sales

Posted on August 5, 2009 by grim

(I’ll post the remainder of the graphs later in the day) Preliminary July sales and inventory data for Northern New Jersey (GSMLS) is in. Please note that this data is subject to revision. The first graph plots the unadjusted sales … Continue reading →

Posted in Economics, New Jersey Real Estate | 185 Comments

No hope for the high-end

Posted on August 3, 2009 by grim

From the WSJ: High-End Homes Frozen Out of Budding Housing Rebound Housing is fast dividing into two markets: Sales of low- and moderately priced homes are picking up and values have stopped falling in some parts of the nation. But … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 252 Comments

July Comp Killer!

Posted on August 2, 2009 by grim

Hat tip to ww4b for the Hunterdon and Warren comp killers, more to follow. Hunterdon Comp Killers 660 County Rd 579, Alexandria Twp NJ Purchased: 9/17/2004 Purchase Price: $440,000 MLS# 2670578 Listed: 4/2/2009 List Price: $429,000 Sold: 7/24/2009 Sale Price: … Continue reading →

Posted in Comp Killer | 137 Comments