Monthly Archives: November 2005

Mortgage Rates Tick Up

Mortgage rates tick back up a bit this week. I was expecting a slight drop in rates due to the 10Y yield falling. However, it seems that in the past 2 days the yield did recover, and I’m sure with … Continue reading

Posted in General | 68 Comments

Englishman In New York

I don’t drink coffee I take tea my dear I like my toast done on one side And you can hear it in my accent when I talk I’m an Englishman in New York Today’s interlude comes to us from … Continue reading

Posted in General | 10 Comments

N.J. Loses Highest Median Income Honors

Sorry to inform you all, but we are no longer the highest median household income state in the country. According to Census data released yesterday, we’ve lost the top honors to Connecticut. N.J. loses median income bragging rights to Conn. … Continue reading

Posted in General | 44 Comments

Lowball! 11/22-11/29

Welcome to another edition of Lowball! Lowball! takes a look at home sales over the past week from a very different perspective. For those new to Lowball!, a lowball offer is when a buyer offers a significantly lower bid than … Continue reading

Posted in General | 22 Comments


In the spirit of the holiday season I thought I’d post up the lyrics to a Shania Twain song that I think fits the season well.. Ka-Ching By Shania Twain We live in a greedy little world– that teaches every … Continue reading

Posted in General | 7 Comments

October New Home Sales Hit Record

New Home Sales Hit Record Level in Oct. Sales of new homes soared at a record pace in October in what could be a last hurrah for the booming housing market. The Commerce Department said that sales of new single-family … Continue reading

Posted in General | 51 Comments

New Jersey Ranks 1st In October Forclosure Market Report

National Foreclosures Increase Almost 19% in October RealtyTrac, the leading online marketplace for foreclosure properties, today released its October 2005 Monthly U.S. Foreclosure MarketReport, which showed 81,382 properties nationwide entered some stage of foreclosure in October, an 18.6 percent increase … Continue reading

Posted in General | 24 Comments

Existing Home Sales Decline

Hot off the wire.. Existing Home Sales Decline in October. Home Sales in the Northeast Decline 7.4% compared to last month (seasonally adjusted). The unadjusted fall in the Northeast was 10.6% vs last month, and 1.1% versus last year. Existing … Continue reading

Posted in General | 21 Comments

NJ-Based Merck To Cut Jobs, Close Plants

Big pharma has always been a big breadwinner for the state, but Whitehouse Station based Merck is cutting in a big way. Today, Merck announced cuts of 11% of it’s workforce, about 7000 jobs, in addition to closing down 5 … Continue reading

Posted in General | 24 Comments

Price Reduced! 11/19 – 11/26

It’s time for yet another episode of Price Reduced! For all the newcomers to this blog, Price Reduced! takes a good look at a handful of significant price reductions across Northern NJ. The purpose of this exercise is to serve … Continue reading

Posted in General | 39 Comments

Economic Calendar

We’ve got a rather full economic calendar next week. Monday 11/28 New Home Starts Tuesday 11/29 Durable Orders Consumer Confidence New Home Sales Wednesday 11/30 Preliminary Q3 GDP & Chain Deflator Chicago PMI Fed Beige Book Thursday 12/1 Auto and … Continue reading

Posted in General | 54 Comments

Weekly Inventory Update

It’s Wednesday and time again for the weekly inventory update. It’s a historic event actually, the first time we’ve seen a real decline in the GSMLS Active Listings in quite some time. When I noticed this today, I decided to … Continue reading

Posted in General | 9 Comments

Mortgage Activity Drops, Rates Ease

Mortgage activity dropped last month, according to the MBA, declining 3.4% (seasonally adjusted). U.S. mortgage applications fall last week – MBA U.S. mortgage applications fell last week, dragged down by a slump in home refinancings which hit a 16-month low … Continue reading

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Real Estate HowTo: Finding The Address

On behalf of the holiday, I’m posting up this HowTo earlier than I was intending to. Since one of our readers (Richie) let the cat out of the bag on this question, it makes no sense to hold back. One … Continue reading

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Real Estate HowTo: Searching Tax Records

Here is the first part in our HowTo series: HowTo: Searching Tax Records The purpose of the HowTo series is to educate home buyers. While I’d love to hang around the blog helping everyone hunt down information, I realize that … Continue reading

Posted in General | 40 Comments