Monthly Archives: March 2006

Rick and team at RealtyTrac were kind enough to provide us with the foreclosure data on a county level for Northern New Jersey. A big thanks to RealtyTrac for going out of their way to get this for us. Please … Continue reading →

It’s nothing short of amazing that the real estate decline in the Northeast is playing out almost identically to the late 80’s boom and early 90’s crash. To draw a parallel with the last crash, we seem to be around … Continue reading →

When was the last time you read an article like this? You might remember commentary on this same book a few weeks back by housing cheerleader Warren Boroson (who needed to resort to insult to make his point). Just more … Continue reading →

The SCI (State of New Jersey Commission of Investigation) released a new report today, “Taxpayers Beware, What You Don’t Know Can Cost You”, that takes a look into questionable and hidden compensation for public school administrators. The full report can … Continue reading →

This is a multipart thread for Sunday. First, I’d like to ask everyone why they visit this blog and what I can do to give you more of what you want. Do you enjoy the Price Reduced and Lowball features? … 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 →

I came across this bit in Realty Times this morning, just more examples of the rapidly changing real estate market: Ask Realty Times Question: We purchased an ocean-front condo in south Florida last May. We’ve decided we want to sell. … Continue reading →

From ABC News: Should You Buy or Rent? Bubble Sitters’ Sell High and Rent Low Jordan and Linda Celkupa were first-time homeowners who got into the real estate market at the right time. The young couple sold their apartment of … Continue reading →

Global Insight and National City Corp. released a joint analysis of the pricing of metro housing markets this afternoon. U.S. overpriced housing markets grew in Q4 – study The number of very overpriced housing markets grew in the last three … 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 →

The first quarter is shaping up to be the worst in more than five years for the Northern New Jersey residential real estate market. The decline in residential single family home sales is a trend that began late last summer … Continue reading →

GSMLS Single Family, Condo, Coop (Bergen, Essex, Hudson, Morris, Passaic, Somerset, Sussex, Union, Warren Counties) 2/22 – 12,597 3/08 – 13,094 NJMLS Single Family, Condo, Coop (Bergen, Essex, Hudson, Passaic Counties) 2/22 – 6,078 3/08 – 6,415 MLSGuide Single Family, … Continue reading →

The PMI Group’s Winter 2006 Economic Real Estate Trends Report has been released and is available at: Winter 2006 Economic Real Estate Trends (PDF) Northern New Jersey again ranks among the Top 20 Riskiest Real Estate Markets.. Top 20 Riskiest … Continue reading →

Residential Single Family Home Sales fell in again in February. This drop marks the sixth consecutive monthly decline seen in the Northern New Jersey region, a trend which began late last summer. Home sales this February (1395 Sales) were down … Continue reading →

I just wanted to let everyone know that I’m finally back home. I was in Krakow for the week taking care of some business. It’s good to be back here, mostly because of the weather. It really has been a … Continue reading →