Monthly Archives: January 2006

A reader sent this posting on craigslist: ——————– $200000 – THE BUBBLE HAS BURST-INVEST YOUR MONEY WISELY Reply to: xxxxxx Date: 2006-01-19, 10:09AM EST WE HAVE HOMES LISTED THAT ARE SIGNIFICANTLY LOWER PRICED THEN THEY WERE JUST 6 MONTHS AGO … Continue reading →

This picture was posted up at Bubblemeter this morning. Please check out David’s site if you haven’t yet. I couldn’t help myself, this is perhaps the best “signs” picture posted yet. It was provided by one of the Bubblemeter readers. … Continue reading →

December’s Deceptive CPI Data DON’T BE FOOLED BY the surprising year-end swoon in inflation. Despite the brief respite from sky-high energy prices in December, expensive oil is already back, and some economists warn that crude runs the risk of remaining … Continue reading →

From Bloomberg: U.S. Housing Starts Fell 8.9% in December to 1.933 Million Rate U.S. housing starts dropped more than forecast in December as slowing sales caused builders to pull back at the end of the industry’s second-best year ever. Builders … Continue reading →

The PMI Group released their updated housing risk index on Tuesday. New Jersey finds itself situated firmly in the top 10 highest risk areas: In fact, as of the latest release, the Edison, NJ (473) and New York-Wayne-White Plains, NY-NJ … Continue reading →

Time to continue with the North Jersey Weekly Residential Inventory Update. GSMLS (SFH, Condo, Coop) Bergen, Essex, Hudson, Morris, Passaic, Somerset, Sussex, Union, Warren Counties 1/11 – 11385 1/18 – 11696 (2.7% Increase this week, 6.2% since Jan 1) NJMLS … Continue reading →

Apparently, having money is no longer a prerequisite for purchasing a home. The NAR released a study this past Tuesday that showed only 43% of first time buyers put no money down. Even worse, of the 57% that put some … Continue reading →

I’ve eliminated all the affiliate advertising from this site. This is in response to an article written by Andrew Kleske of the North County Times: Housing Bubbles and the Web sites that love them Andrew made a comment about advertisements … Continue reading →

From the Boston Globe: Suburbs flush with homes for sale A decline in house sales last fall has left a January glut of unsold properties in suburban Boston as the big spring selling season approaches, according to data released yesterday. … Continue reading →

From the WSJ: Home Builders Brace For Sales to Simmer Down On the surface, business appeared to be better than ever at last week’s annual International Builders Show. A record 1,600 exhibitors touted everything from Mr. Steam towel warmers to … Continue reading →

From Inman News: Real estate’s January report card The housing market continues to show signs of slowing, but very little evidence of the “bursting bubble” that has been predicted for more than three years by some prognosticators. One sign of … Continue reading →

Quite a bit of economic data to be released the second half of this month. Here is a glimpse of the pertinent data I’ll be reporting on: 1/18 – CPI & Core CPI 1/19 – Housing Starts & Building Permits … Continue reading →

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 asking in hopes that the seller … Continue reading →

Open discussion for the weekend. Feel free to post about local observations and news, open houses you’ve stopped in to, the FSBO situation in your neighborhood, or anything else you would like to discuss. I’m planning to see a few … Continue reading →

N.J. economy lagging in key areas, State House seminar told Hughes and his Rutgers colleague, Joseph J. Seneca, addressed state officials at an annual State House seminar in Trenton. The economists predicted that the state would add 35,000 to 40,000 … Continue reading →