Is Inventory High or Low?

January Inventory (Active Listings)

Essex
2001 – 1713
2002 – 1896

2014 – 2398

Morris
2001 – 2010
2002 – 2284

2014 – 2625

Passaic
2001 – 1296
2002 – 1184

2014 – 1862

Somerset
2001 – 1300
2002 – 1455

2014 – 1650

Sussex
2001 – 1321
2002 – 1273

2014 – 1856

Union
2001 – 1416
2002 – 1322

2014 – 2148

This entry was posted in General. Bookmark the permalink.

54 Responses to Is Inventory High or Low?

  1. funnelcloud says:

    frosty

  2. funnelcloud says:

    frosty morning good morning NJ

  3. Comrade Nom Deplume, back as Captain Justice says:

    I usually love winter but I didn’t like going back into the icebox.

  4. anon (the good one) says:

    @Nouriel: Dr. Doom sees correction risk, not crash for Canadian housing | Reuters http://t.co/MM03EBok8o

  5. Comrade Nom Deplume, back as Captain Justice says:

    I know I said I would not feed the troll (irrespective of a recent and surprisingly relevant contribution), but I can’t resist:

    Who does this remind you of: http://www.cnbc.com/id/101442441

  6. JJ says:

    Home prices rise more than forecast in December
    REUTERS — 2 MINUTES AGO
    (Reuters) – U.S. single-family home prices in December rose slightly more than expected from the previous month, a closely watched survey showed on Tuesday.

    The S&P/Case-Shiller composite index of 20 metropolitan areas gained 0.8 percent on a seasonally adjusted basis. A Reuters poll of economists forecast a rise of 0.6 percent.

    The 20-city composite index rose 13.4 percent year-on-year.

    “The S&P/Case-Shiller Home Price Index ended its best year since 2005,” David M. Blitzer, chairman of the Index Committee at S&P Dow Jones Indices, said in a statement.

    “However, gains are slowing from month-to-month and the strongest part of the recovery in home values may be over.”

    The 10-city composite index also rose 0.8 percent in December on a seasonally adjusted basis.

    On a non-seasonally adjusted basis, the monthly 10-city gauge was unchanged while the 20-city measure dipped 0.1 percent.

  7. chicagofinance says:

    I know it is only February, but I call quote of the year from an unexpected source and loyal NY Jets fan:
    “I’m tired of cleaning up your s—,” Mr. El-Erian responded, referring to conduct by Mr. Gross that he felt was hurting Pimco, these two people recall.

  8. Phoenix says:

    Nj budget deficit 47B.
    When was the deficit 1k?
    Didn’t anyone think of keeping it balanced at one point?
    Wasn’t 1B enough of a warning? 2B? 5B? 10B?
    When would anyone consider raising their taxes or cutting spending?
    Why not raise taxes when it was at 2B and nip it in the bud?
    When it was 2B, how old were the residents? Are they all of the old, retired people that are now complaining that their tax bills are too high and S. Security did not give them a cost of living increase this year?
    47B does not happen overnight.

  9. Phoenix says:

    By the way it’s just math. There should be a way to calculate it. After all, in 1969 we put a man on the moon. I’m sure there was more math calculations needed for that than to balance a budget.
    I guess if you charge up your credit card before you die you don’t have to worry about paying it.
    Just leave the bill for the youth.

  10. Comrade Nom Deplume, back as Captain Justice says:

    [7] chi fi,

    I know that it is highly uncharacteristic of me to ever give props to Jets fans, but I find the term “loyal Jets fan” to be needlessly wordy. With some exceptions, to be a Jets fan is to be loyal. Long time Patriots fans understand this.

    Okay, back to hate mode.

  11. chicagofinance says:

    Nom: Show your t!ts!

    Comrade Nom Deplume, back as Captain Justice says:
    February 25, 2014 at 10:03 am
    [7] chi fi,

    I know that it is highly uncharacteristic of me to ever give props to Jets fans, but I find the term “loyal Jets fan” to be needlessly wordy. With some exceptions, to be a Jets fan is to be loyal. Long time Patriots fans understand this.

    Okay, back to hate mode.

  12. 30 year realtor says:

    Regarding inventory…question is not how many homes are on the market. The real question is what percentage of the homes on the market would accept a market value offer if tendered?

    People tend to lose sight of the fact that not every seller will recognize market value when it hits them square in the face.

  13. Ragnar says:

    I never give money to homeless people because I don’t want to incentivize careers in begging.

  14. Juice Box says:

    Most of the Scamcoin exchanges are down today.

    http://coinmarketcap.com/

  15. Painhrtz - Disobey! says:

    Nom I lump jets and cubs fans in the same category as battered wives then again I’m a mets and rangers fan so I probably know something about it.

  16. Comrade Nom Deplume, back as Captain Justice says:

    [15] pain,

    The difference being that I have sympathy for battered wives . . .

    And on that note, back to the salt mines . . .

  17. Libturd at home after Gator Jr's Spelling Bee says:

    Nom,

    Been reading GS elevator for years. Dude was hilarious. Never thought for a moment that he actually worked on WS. Why anyone did is beyond me.

  18. Michael says:

    8- Good point, and why I believe the following; Governments were built to run on debt. They have no intention of ever being debt free. If all the govts did not run on debt, the economy would collapse. You would destroy the bond market overnight.

  19. Bystander says:

    #12 30 yr.,

    Exactly. The low inventory is propoganda, created by NAR regime to foster activity. There are 100s of houses in my price range but I would not pay anywhere near where what 90% are asking..so they sit and sit. The other 10% move quickly and it seems the bounce off the 2012 floor makes it appear like boom times qhead. Clearly this is pricing problem not inventory problem.

  20. Street Justice says:

    Can there ever be too much debt…do I have to bring up Argentina again?

    19.Michael says:
    February 25, 2014 at 12:36 pm
    8- Good point, and why I believe the following; Governments were built to run on debt. They have no intention of ever being debt free. If all the govts did not run on debt, the economy would collapse. You would destroy the bond market overnight.

  21. Fast Eddie says:

    30 year & Bystander,

    Good insight. I probably have too much tunnel vision at the moment to consider anything else.

  22. chicagofinance says:

    The End Is Nigh (Hirsute Edition):
    Brooklyn’s hipster beard craze has grown so popular, that men in New York are rushing to plastic surgeons for “facial hair transplants” — surgery that helps make beards look thicker and less patchy, sources said.

    Stubble-challenged guys are forking over up to $7,000 for the beard-boosting procedure, which has spiked in popularity in recent months, the neighborhood Web site DNAinfo.com reports

    “Whether you are talking about the Brooklyn hipster or the advertising executive, the look is definitely to have a bit of facial hair,” said Dr. Jeffrey Epstein, a facial plastic surgeon, told the site.

    Epstein, who works in Midtown, performs roughly three beard implants per week — up from just a handful each year, he said.

    Some “hip” and “fashionable” young professionals are tapping into a specific lumberjack-meets-roadie “look” made popular in neighborhoods such as Williamsburg, Bushwick and Park Slope, doctors said.

    Many patients young professionals in 20s and 30s, said Dr. Yael Halaas, another plastic surgeon who specializes in facial hair transplants.

    “I get a lot of detail-oriented people — artists, architects,” Halaas said.

    During the surgery, doctors implant hair follicles from other parts of the body, including the head and
    chest. New beards grow back just like real hair — and can be shaved.

    The hair-raising trend isn’t just popular with hipsters. Other patients include men who have struggled since adolescence to grow a beard, female-to-mail transgender people and Hasidic Jews, doctors said.

    One 46-year-old patient said the change in appearance was gradual.

    “It wasn’t like ‘Wow. What happened to you?’ like one day…you dyed your hair,” he said.

    “Sometimes I am clean-shaven or it’s more scruff and sometimes I let it grow out,” Peter said. “At least I have choices, right?”

  23. grim says:

    Where do they transplant the hair from to get the right texture?

    Head or Balls?

  24. joyce says:

    22
    Phoenix,

    We have to stop referring to the shady (i.e. illegal) dealings as “politics” and start using “government” It, the govt, is operating as intended.

  25. Painhrtz - Disobey! says:

    Grim honestly, hopefully their backsides because you have to be an a$$ to do this procedure.

    When I shaved my beard this year trimmed it into a cop/pron star stache wife screamed shave it immediately it is creepy. We need to bring that look back

  26. chicagofinance says:

    Question of the day at the NJ RE & Men’s Grooming Report:

    I need to use some kind of razor or tool to clean up excess hair……usual suspects around my face, head and neck….any good suggestions? I am being serious……wrong side of 45 at this point……

  27. Juice Box says:

    Chi if the hair is longer than six inches you can donate it for a tax deduction.

  28. Libturd at home says:

    Chi:

    http://www.amazon.com/Philips-Norelco-QG3270-Multigroom-Pro/dp/B004QWPIO6/ref=sr_1_1?s=hpc&ie=UTF8&qid=1393355677&sr=1-1&keywords=qg3270

    Had to charge it twice in three years and blades cut fast and close. Great for ear hair and nose hair as well as goatee designing. I got it for $25 I think.

  29. Michael says:

    21- Street, tell me of one govt that is not in debt. I honestly have never heard of a govt not in debt. That’s why I made that statement. All this debt talk doesn’t matter, until a politician wants to make an issue of it. It’s like phoenix said, why does nj care about the debt now, you don’t just get to be billions in debt overnight. Same thing applies to our federal govt. You don’t just get to be trillions in debt overnight. Seems to me, govts intentionally run on debts.

  30. Libturd at home says:

    Maybe it’s too much info, but it makes trimming the eyebrows a piece of cake too. Once I hit 40, it just crazy how hair started busting out in my ears and my eyebrows just went crazy. Maybe being bald on top is forcing the hair out in other places. Now I wait for my balls to hit the floor.

  31. Libturd at home says:

    Where was Michael during the great depression?

    By the way, I found a fantastic body shop (for older cars) in Bloomfield. Cash only, but it’s cheap, reallllll cheap. Snow banks caused havoc to the front bumper (both sides) of our CX-9. Geico estimated $1,100 to fix. Regal Collision fixed it like new for $123 in two hours. I wouldn’t use them for big insurance work, but for non-insurance work, the guy is a miracle worker. He’s the one who fixed my Civic after the hit and run for like $300. Thought it would have been 2K for sure.

  32. Street Justice says:

    Thanks for the reply, my answer would be most do sell bonds, but I would be interested in your answer to my original question. When is it too much?

    31.Michael says:
    February 25, 2014 at 2:21 pm
    21- Street, tell me of one govt that is not in debt. I honestly have never heard of a govt not in debt. That’s why I made that statement. All this debt talk doesn’t matter, until a politician wants to make an issue of it. It’s like phoenix said, why does nj care about the debt now, you don’t just get to be billions in debt overnight. Same thing applies to our federal govt. You don’t just get to be trillions in debt overnight. Seems to me, govts intentionally run on debts.

  33. Ragnar says:

    Michael,
    The arrival of central banks and fiat money that has facilitated the near universal adoption of government deficit spending and ongoing indebtedness. Along with Keynesian economics which in practice generally advocates it as an ongoing policy (because it has no model of the long run).
    There have been many times in history where debt was only for wars, after which governments tried to pay it back. In the US, 1790 to 1917, that was the practice. Debt went up in the revolutionary and Civil wars, (not particularly high), then got paid down. FDR then Nixon & Reagan broke that pattern
    http://en.wikipedia.org/wiki/File:Federal_Debt_Held_by_the_Public_1790-2013.png

  34. Street Justice says:

    Steve Sweeney recall campaign over ammo magazine capacity locked, loaded by gun rights advocates

    http://www.nj.com/south/index.ssf/2014/02/gun_rights_advocates_launch_social_media_campaign_to_recall_steve_sweeney.html#incart_river_default

  35. Anon E. Moose says:

    ChiFi [24];

    I’m calling BS. A nascent trend already has a spin-off trend involving rather extreme measures just to follow the fad?

    “Sometimes I am clean-shaven or it’s more scruff and sometimes I let it grow out,” Peter said. “At least I have choices, right?”

    What kind of jacka$$ pays $10K for a beard transplant then shaves it off? TSTL.

  36. anon (the good one) says:

    @wonkmonk_: Stiglitz: “The U.S. will always pay its debt.” Krugman: “A country that borrows in its own currency can’t be forced into default.”

  37. Juice Box says:

    What our dear reader Michael fails to realize it is not the debt but the manipulation of it. 10 Trillion in asset price inflation by lowering the borrowing rate via manipulation. Conditions are ripe for another 1929. Only way out is for the Fed to go all in for another fresh round buying every piece of trash via a QE4. This time they will need to illegally buy equities and corporate bonds after all they already own the other bond markets.

    The equivalent of 25 % of US GDP is now owned by the Fed. 4 trillion? Whatever happened to the Fed’s reverse repo program to drain the balance sheet, was it just a lie? The Fed and the US Congress now have no room to maneuver if and when another “liquidity” crisis follows an asset price crash, and 2008 was just a warm up for a real ass kicking.

    http://www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

  38. Painhrtz - Disobey! says:

    Moose see our resident poster directly after that comment at #38 for an understanding of whom may need this procedure.

  39. Phoenix says:

    Michael,
    I don’t think I ever said why are they worrying about it now as opposed to why were they not worrying about it before.
    Watched a great documentary about Penn Station, funny how the Pennsylvania RR was willing to fund the whole project themselves, yet today a ball team expects taxpayers to fund their stadium…..

  40. Juice Box says:

    The hype today on TSLA is unbelievable. Consumer Reports says a $90,000 car is the best car out there! Unbelievable for all of these years I have been buying $20,000 to to 30 thousand dollar cars, woe is me…..

    Also the garbage written by Morgan Stanley. They know they can’t justify the market cap as a car company, so now Tesla is in a $1 trillion lithium battery storage market, and they don’t even make batteries yet!

  41. Libturd at home says:

    Tesla is rapidly becoming a future moneymaker for me.

  42. Michael says:

    34-it’s too much when logic states that it can’t be paid back anymore. Apparently, govts have no intention of ever being debt free. The writing on the wall says so. Clearly, debt should never go above a certain % of your revenue. Obviously, they could care less about the debt if they let it get to this level. It just makes me sick that not one govt is even close to being economically solvent, yet we fight over debt limits? My point is why do I care about a stupid debt limit on a debt that is not even possible to pay back. Come on who cares about a new debt limit on a debt that can not be payed back. It’s a waste of time, and clearly, the debt is being used as a political ploy on the public. The people in govt know the debt doesn’t matter. As krugman said, a country that borrows in its own currency can’t be forced into default. If debt did matter, you wouldn’t have every single govt on this planet in debt.

    P.s. I’m not against a govt borrowing, but I really should be. Clearly they can’t handle it.

    Thanks for the reply, my answer would be most do sell bonds, but I would be interested in your answer to my original question. When is it too much?

  43. joyce says:

    Krugman said so…. must be right.

  44. Michael says:

    22- This makes me want to cry. These people really make me sick. How do we protect our environment from these selfish, greedy, and no conscious bastards? Looking at stories like this, how can you trust the people running our govts and corporations? Sick bastards! No wonder they let our govt get into this kind of debt, they are all psycopaths with not an ounce of empathy for the future generations.

    Dirty politics
    http://www.nytimes.com/2014/02/25/nyregion/in-plan-to-dump-contaminated-soil-classic-new-jersey-politics-emerge.html

  45. Michael says:

    41- sorry, I took it the wrong way. Didn’t mean to put words in your mouth.

  46. Phoenix says:

    47 no harm no foul

  47. chicagofinance says:

    Stu: When you are shaving the hair out of your a%% crack, is it hard to get the sh!t off it……just kidding…..thx much for the tip :)

    Libturd at home says:
    February 25, 2014 at 2:17 pm
    Chi: Had to charge it twice in three years and blades cut fast and close. Great for ear hair and nose hair as well as goatee designing. I got it for $25 I think.

  48. Grim says:

    In my younger days I received an award from the older Bush and the EPA for environmental activism against Cyanamid. God knows what cancers I’ll get for crawling through their sewers to get samples of their waste water effluent.

  49. Bystander says:

    Regarding beards, it looks like the ladies are deciding to forego grooming habits of last 20 years. Apparently, it clashes with hispter’s natural and organic approach to life:

    Goodbye Waxing And Lasers, The Bush Is Back

    “For years women have been convinced that p*rn star style waxing is what their other halves desire. But a new survey suggests it’s time to ditch the wax, lasers, and razors because, well, most women can’t be bothered, and their boyfriends don’t really care anyway. And celebrities are also giving up the topiary look: back in September actress Gwyneth Paltrow admitted that she “rocks a 70s vibe down there” on “The Ellen Degeneres Show.”

  50. Bystander says:

    Hah, great cover and great album. I read that was from Bi-centennial edition of H*stler

  51. cobbler says:

    Government issuing debt in own currency can never default unless it decided to. NJ as any other state doesn’t issue own money, so it can default, though can’t declare bankruptcy.

Comments are closed.