Monthly Archives: November 2005

Trump Headlines Real Estate Wealth Expo in Illinois How do you get rich? Well, if you were to follow Donald Trump’s example, one way might be to get someone to pay you $1 million for an hour’s work. That’s what … Continue reading →

A new report from the Fed shows that lenders are not heeding warnings and tightening residential home equity loan requirements. The October 2005 Senior Loan Officer Opinion Survey on Bank Lending Practices The October 2005 Senior Loan Officer Opinion Survey … Continue reading →

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 →

It’s becoming more and more evident that Massachusetts will go down in history as being the first bubble area to pop. There has been a some significant negative media coverage as well as anecdotal evidence that makes Mass. look like … Continue reading →

The word needs to get out, and I need your help to do it. I hope I’m not going too far with this request, but I’m going to go out on a limb here and ask all the readers to … Continue reading →

A big congratulations out to the successful lowballers this week. For those that don’t understand the term, a lowballer is someone who offers significantly under asking in hopes that the seller accept the offer (for whatever reason). I’d like to … Continue reading →

Here is perhaps the most interesting of the October data. I provided this chart for the first time last month, and will continue to update it in the future. The chart overlays the monthly sales data for 2003, 2004, and … Continue reading →

October Inventory Data is in, it took me a bit longer than usual to compile the data and post it up, so I apologise for that. We’re still pushing ever higher with the listings. The rate of increase seems to … Continue reading →

Mortgage rates increase for the Seventh week in a row. The increases over the past three weeks have been rather significant at that. Weekly Home Mortgage Rates The rapid increase in mortgage rates have significantly impacted both new mortgages and … Continue reading →

Unfortunately, when the housing bubble bursts, it’s not going to just manifest itself in home prices correcting. We’re going to see alot of pain in many of the housing related industries, including construction, etc. Much of the job growth we’ve … Continue reading →

Regular readers to this blog will know who Dr. David Lereah is. If you don’t, he is the biggest real estate cheerleader there ever was. David is a Senior Vice President and Chief Economist for the National Association of Realtors … Continue reading →

Regular readers to this blog will know who Dr. David Lereah is. If you don’t, he is the biggest real estate cheerleader there ever was. David is a Senior Vice President and Chief Economist for the National Association of Realtors … Continue reading →

Regular readers to this blog will know who Dr. David Lereah is. If you don’t, he is the biggest real estate cheerleader there ever was. David is a Senior Vice President and Chief Economist for the National Association of Realtors … Continue reading →

Regular readers to this blog will know who Dr. David Lereah is. If you don’t, he is the biggest real estate cheerleader there ever was. David is a Senior Vice President and Chief Economist for the National Association of Realtors … Continue reading →

Regular readers to this blog will know who Dr. David Lereah is. If you don’t, he is the biggest real estate cheerleader there ever was. David is a Senior Vice President and Chief Economist for the National Association of Realtors … Continue reading →