Monthly Archives: April 2006

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 →

Just a quick snippet from the Daily Reckoning: Bonner on housing We are still here…still keeping a close watch on housing, reading the news, chuckling to ourselves, and wondering how it will all turn out. “American borrowers’ rush into debt … Continue reading →

Listings As of 4/15 Total Active Listings: 85 Up To $500,000: 49 $500,001 – $1,000,000: 34 $1,000,001 And Up: 2 Listing Activity Since 4/1 15 Added 2 Back on Market 10 Price Reductions 7 Under Contract 6 Sold 5 Expired … Continue reading →

From the New York Times: A Rare New Project for a Genteel Town IN a remarkable development for this peaceful little town, there is development going on. Under the boughs of the graceful old oaks and sycamores, illuminated by the … Continue reading →

From the Wall Street Journal: Where the Buyers Aren’t As real-estate prices surged across most of America, some of the biggest gains swept coastal resorts. Now there are signs the tide has finally turned. In Naples, Fla. — a year … Continue reading →

From Realty Times: Affluent Often Don’t Boost Realty Investments The booming second home market is helping the greater housing market continue rolling like thunder, but most affluent investors are adding quieter investments to their portfolios. Last year, the median price … Continue reading →

From the Jersey Journal: Wary council backs abatement for American Can condo plan In a 7-1 vote that appeared more negotiating stance than firm commitment, Jersey City council members introduced an ordinance Wednesday night granting a 30-year tax abatement for … 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 →

From PrudentBear.com: Welcome to Housing Hell by Richard Benson For the past decade, homeowners in the United States have been living in “Housing Heaven”. In this heavenly place, profits are always made; prices only go up; interest rates only go … Continue reading →

The Philadelphia Federal Reserve Bank released the 2006 Q1 Highlights report today: Regional Highlights (PDF) Economic activity in the tri-state region (Pennsylvania, New Jersey, and Delaware) continued to expand in the first quarter. Manufacturing increased, building on the gains of … Continue reading →

More on the Highland Cross project in Rutherford, NJ. From NorthJersey.com/Record: Builders try to sell town on proposal for condos Developers are projecting that new students would overflow the school district’s facilities with or without their controversial proposal to build … Continue reading →

From Bloomberg this morning: U.S. 10-Year Note’s Yield Rises to 5%, Highest Since June 2002 U.S. 10-year Treasury note yields rose to 5 percent for the first time since June 2002, a harbinger of higher borrowing costs for everything from … Continue reading →

From the NJ Herald Online: Franklin pursues downtown upswing FRANKLIN — More than 50 years since businesses started closing down, Joe Bene can tell you exactly how a bustling Main Street once looked. Ida’s beauty parlor was over there, and … Continue reading →

From Bankrate: Weekly Home Mortgage Rates Average mortgage rates for single-family homes in the 10 largest metropolitan areas as of Apr. 12 as compiled by bankrate.com. The rates are for 30-year, fixed-rate mortgages for 80 percent of the value of … Continue reading →

From the Mortgage Fraud Blog: Indictment of Dentist and Former Employee in New Jersey Mortgage Fraud Scheme A Staten Island, New York, dentist and a former employee were indicted in New Jersey federal court on conspiracy, wire fraud and money … Continue reading →