Monthly Archives: December 2005

Most readers here will know what my answer will be, it’s a number I’ve quoted time and time again on the blog, 30%. It’s what I call the magic number for Northern New Jersey. If you calculate what the a … Continue reading →

I drove past this place a few times when it was under construction. It’s on Valley Road in Clifton, the Paterson side, about a mile or so from the Paterson border. I knew it was going to be another stucco-slathered … Continue reading →

I’ve been getting quite a few emails from readers with info on specific properties around Northern NJ. While I do keep a keen eye on my town, it’s difficult to really get a feel for an area unless you are … Continue reading →

U.S. November Existing Home Sales Fall 1.7% to 6.97 Mln Rate Dec. 29 (Bloomberg) — U.S. sales of previously owned homes declined last month to the lowest level since March, adding to evidence the housing market is cooling. Home sales … Continue reading →

Home loan applications fall to over 3-1/2-yr low U.S. mortgage applications fell to a more than 3-1/2-year low last week amid a sharp drop in demand for loan refinancing even as interest rates held steady, an industry trade group said … Continue reading →

The housing bubble has surpassed the roaring tech bubble: Bigger than the Tech Bubble The dark blue line is consumer and business spending on technology (hardware and software), as a share of GDP. The light purple line is residential investment, … Continue reading →

Bubble burst quickly, but the pain lingered By Martin Fackler, NY Times Fourteen years ago, Yoshihisa Nakashima looked at this sleepy suburb an hour and 20 minutes from downtown Tokyo and saw all the trappings of middle-class Japanese bliss: cherry-tree-lined … Continue reading →

Many of my readers will be familiar with the name Warren Boroson, a local journalist. Warren has written some real gems in the past year, many of which try to entirely discount the fact that there is a speculative bubble … Continue reading →

Thanks everyone for bringing this one to my attention: Lagging growth in N.J. tied to housing costs by Robert Gebeloff The high cost of housing is increasingly cutting into in New Jersey’s demographic bottom line. With more and more residents … Continue reading →

New Home Sales Plummet in November Sales of new homes plunged in November by the largest amount in nearly 12 years, providing the most dramatic evidence yet that the red hot housing market over the last five years is starting … Continue reading →

I’ve waited a long time to see this in print. I even doubted the fact that the media would ever acknowledge the fact, but they did. This piece ran in the Voice of San Diego two days ago on Dec … Continue reading →

Came across a new blog this morning that I haven’t seen before. I noticed some traffic coming in so I decided to take a peek. Seems like real estate blogging is becoming popular! The Walk-Through – A Real Estate Blog … Continue reading →

Can this be considered news anymore? Seems the American Consumer has no need to save money anymore. U.S. Nov. Personal Spending Rises 0.3%; Core Prices Up 0.1% Because the rise in spending matched the increase in incomes, the savings rate … Continue reading →

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 →

Welcome to another edition of Price Reduced! For all the newcomers to this blog, Price Reduced! takes a look at a handful of significant price reductions across Northern NJ. The purpose of this exercise is to serve as proof that … Continue reading →