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 but never posted them up, let’s have them. Also a good place to post suggestions, requests for information, criticism, and praise.
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For new readers that have only read the messages displayed on the main page, take a look through the archives, a substantial amount of information has been put online in the past year. The archives can be accessed by using the links found in the menus on the right hand side of the page.
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 but never posted them up, let’s have them. Also a good place to post suggestions, requests for information, criticism, and praise.
For readers that have never commented, there is a link at the top of each message that is typically labelled “[#] Comments“. Go ahead and give that a click, you might be missing out on a world of information you didn’t know about. While you are there, introduce yourselves to everyone.
For new readers that have only read the messages displayed on the main page, take a look through the archives, a substantial amount of information has been put online in the past year. The archives can be accessed by using the links found in the menus on the right hand side of the page.
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 but never posted them up, let’s have them. Also a good place to post suggestions, requests for information, criticism, and praise.
For readers that have never commented, there is a link at the top of each message that is typically labelled “[#] Comments“. Go ahead and give that a click, you might be missing out on a world of information you didn’t know about. While you are there, introduce yourselves to everyone.
For new readers that have only read the messages displayed on the main page, take a look through the archives, a substantial amount of information has been put online in the past year. The archives can be accessed by using the links found in the menus on the right hand side of the page.
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 but never posted them up, let’s have them. Also a good place to post suggestions, requests for information, criticism, and praise.
For readers that have never commented, there is a link at the top of each message that is typically labelled “[#] Comments“. Go ahead and give that a click, you might be missing out on a world of information you didn’t know about. While you are there, introduce yourselves to everyone.
For new readers that have only read the messages displayed on the main page, take a look through the archives, a substantial amount of information has been put online in the past year. The archives can be accessed by using the links found in the menus on the right hand side of the page.
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 but never posted them up, let’s have them. Also a good place to post suggestions, requests for information, criticism, and praise.
For readers that have never commented, there is a link at the top of each message that is typically labelled “[#] Comments“. Go ahead and give that a click, you might be missing out on a world of information you didn’t know about. While you are there, introduce yourselves to everyone.
For new readers that have only read the messages displayed on the main page, take a look through the archives, a substantial amount of information has been put online in the past year. The archives can be accessed by using the links found in the menus on the right hand side of the page.
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 but never posted them up, let’s have them. Also a good place to post suggestions, requests for information, criticism, and praise.
For readers that have never commented, there is a link at the top of each message that is typically labelled “[#] Comments“. Go ahead and give that a click, you might be missing out on a world of information you didn’t know about. While you are there, introduce yourselves to everyone.
For new readers that have only read the messages displayed on the main page, take a look through the archives, a substantial amount of information has been put online in the past year. The archives can be accessed by using the links found in the menus on the right hand side of the page.
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 but never posted them up, let’s have them. Also a good place to post suggestions, requests for information, criticism, and praise.
For readers that have never commented, there is a link at the top of each message that is typically labelled “[#] Comments“. Go ahead and give that a click, you might be missing out on a world of information you didn’t know about. While you are there, introduce yourselves to everyone.
For new readers that have only read the messages displayed on the main page, take a look through the archives, a substantial amount of information has been put online in the past year. The archives can be accessed by using the links found in the menus on the right hand side of the page.
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 but never posted them up, let’s have them. Also a good place to post suggestions, requests for information, criticism, and praise.
For readers that have never commented, there is a link at the top of each message that is typically labelled “[#] Comments“. Go ahead and give that a click, you might be missing out on a world of information you didn’t know about. While you are there, introduce yourselves to everyone.
For new readers that have only read the messages displayed on the main page, take a look through the archives, a substantial amount of information has been put online in the past year. The archives can be accessed by using the links found in the menus on the right hand side of the page.
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 but never posted them up, let’s have them. Also a good place to post suggestions, requests for information, criticism, and praise.
For readers that have never commented, there is a link at the top of each message that is typically labelled “[#] Comments“. Go ahead and give that a click, you might be missing out on a world of information you didn’t know about. While you are there, introduce yourselves to everyone.
For new readers that have only read the messages displayed on the main page, take a look through the archives, a substantial amount of information has been put online in the past year. The archives can be accessed by using the links found in the menus on the right hand side of the page.
Ok, so that last weekend open discussion ended up a disaster, but I’ve got hope that appendages, fluids, and the jacuzzi birthing parties are all behind us know. Let’s try this again.
“What idiot was going to pay $6 million for that?”
From the Star Ledger:
(who sent me a pre-cease and desist fair use nastygram the other day, be sure to click that link a dozen times so newspapers realize just how much traffic blogs push to their sites.)
Valet parking. Hors d’oeuvres. A financial-background check and a cashier’s check for $100,000 just to participate.
Potential bidders can expect all of that in an auction of the Froh Heim mansion, the Far Hills estate that once belonged to the town’s founding family. After going on the market more than a year ago for $8.9 million, the Mediterranean-style estate is to be auctioned this month to the highest bidder, whatever the price.
…
Heritage, based in Far Hills, bought the mansion for $2.1 million in October 2007 and spent more than $1 million on renovations, Jorgensen said. The company lowered its asking price several times, finally to $5.5 million, Jorgensen said.
“We’ve come very close to a couple of very serious people purchasing well over the 6’s,” she said, referring to prices of more than $6 million. “Had it been in different times, I don’t believe we’d be having this conversation.”
Maybe the last few functioning neurons in my head have checked for the weekend, but with a $2.1 million purchase, and $1m in renovations, I’m going to go out on a limb here and value the place at, oh, I don’t, know, $3.1 million maybe? What idiot considered this place at $6? What idiot priced it at almost $9?
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 but never posted them up, let’s have them. Also a good place to post suggestions, requests for information, criticism, and praise.
For readers that have never commented, there is a link at the top of each message that is typically labelled “[#] Comments“. Go ahead and give that a click, you might be missing out on a world of information you didn’t know about. While you are there, introduce yourselves to everyone.
For new readers that have only read the messages displayed on the main page, take a look through the archives, a substantial amount of information has been put online in the past year. The archives can be accessed by using the links found in the menus on the right hand side of the page.
———————————————-
Some insanely odd juxtaposition to start off the Weekend (this will be completely meaningless to you if you’ve never seen the movie American Psycho).
Richard Fisher - Head of the Dallas Fed
Miles Fisher - Son of Richard Fisher, Musician/Actor
Federal Reserve Bank of Dallas President Richard Fisher said late Thursday that he anticipates businesses will continue to keep a tight rein on spending in the near future, as “markets are still a long way from having normalized.”
In remarks prepared for a speech at the University of California, Santa Barbara, Fisher said that for the immediate future, “the risk to price stability is a deflationary risk, not an inflationary one,” placing himself on the side of those policymakers who are still more worried about growth than the risk the Fed’s ultra-loose money policies will result in heated inflation.
Fisher said that based on a survey of CEOs at key companies, he believes the private sector is currently grappling with excess capacity, and “suffering from shock induced by the trauma of the crisis.” He termed the condition “post-traumatic slack syndrome.”
Miles Fisher
Great cover by Miles, although this might not be safe for work (stop watching by minute 2). Alot of folks recognize the American Psycho scenes, but fewer will recognize the smaller cues taken from the movie Wall Street. The soundtrack, This Must Be The Place (Naive Melody) by Talking Heads, was prominently featured in Wall Street (I don’t think it was in American Psycho at all), and who could forget Michael Douglas talking on the Motorola DynaTac. Floored when I saw this video, not only do I think the cover is great (I’m a fan of covers), but it melds two of my favorite movies and does it very well.
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 but never posted them up, let’s have them. Also a good place to post suggestions, requests for information, criticism, and praise.
For readers that have never commented, there is a link at the top of each message that is typically labelled “[#] Comments“. Go ahead and give that a click, you might be missing out on a world of information you didn’t know about. While you are there, introduce yourselves to everyone.
For new readers that have only read the messages displayed on the main page, take a look through the archives, a substantial amount of information has been put online in the past year. The archives can be accessed by using the links found in the menus on the right hand side of the page.
The New Jersey Home Price Index Tracker has been updated to include:
* June S&P Case Shiller (Aggregate, Tiered, Condo)
* Q2 FHFA Home Price Index (HPI, Purchase Only)
(click to enlarge)
(click to enlarge)
(click to enlarge)
FHFA (Formerly known as the OFHEO) Home Price Index
HPI (Includes Refis) - Peaked in Q1 2007 and is down 10.02% from peak
Purchase Only - Peaked in Q2 2006 and is down 11.16% from peak
S&P Case Shiller NY Metro Commutable Area Home Price Index
Low Tier (Under $284606) - Peaked in October 2006 and is down 24.26% from peak
Mid Tier ($284606 - $417722) - Peaked in September 2006 and is down 22.14% from peak
High Tier (Over $417722) - Peaked in June 2006 and is down 16.51% from peak
Aggregate (Overall Market) - Peaked in June 2006 and is down 20.54% from peak
Condo-Only Index - Peaked in February 2006 and is down 15.07% from peak
NY Metro Area Aggregate Year over Year Changes
Jun 08 -7.04%
Jul 08 -7.04%
Aug 08 -6.61%
Sep 08 -7.13%
Oct 08 -7.72%
Nov 08 -8.73%
Dec 08 -9.21%
Jan 09 -9.72%
Feb 09 -10.33%
Mar 09 -11.69%
Apr 09 -12.44%
May 09 -12.07%
Jun 09 -11.94%
