Monthly Archives: April 2006

From the Wall Street Journal (Thanks to chicagofinance for the link): When to Sell an Investment Property In a Cooling Market for Real Estate It’s time to skip town. As many real-estate markets soften, speculators are finding they can’t flip … Continue reading →

GSMLS Single Family Homes, Condo, Coop (Bergen, Essex, Hudson, Morris, Passaic, Somerset, Sussex, Union, Warren Counties) 4/4 – 14,470 4/12 – 14,812 (2.4% Weekly Increase, ~34% Since January 1st) NJMLS Single Family Homes, Condo, Coop (Bergen, Essex, Hudson, Passaic Counties) … Continue reading →

The past three weeks saw an increase in mortgage and refinance applications, however this week saw a sharp dropoff that begs the question, “Could this mark the end of the spring bounce?” Home loan demand falls for 1st time in … Continue reading →

From Inman News (and a hat tip to Ben Jones at The Housing Bubble Blog): A housing chill in the Northeast Only a few months ago, at midnight on Dec. 31, Joseph and Kianna Jackson gently clicked their champagne glasses … Continue reading →

Just came across this listing on Craigslist. I’ve heard of this kind of thing happening out in Las Vegas or L.A., but certainly not in Clifton, N.J. $479000 – Beautiful Townhouse w/great views and options!! @LOOK@ 2 Bedrooms, 2.5 Bathrooms … Continue reading →

From the AP courtesy of the Record/Herald: Experts say state losing key jobs New Jersey’s economy has been expanding more slowly and weakly than the rest of the nation as the state loses key, high-paying jobs, two Rutgers University economists … Continue reading →

From Realty Times: Easy Mortgage Money Gets Even Easier As interest rates rise, as homes get more expensive and as more and more buyers seek high-leverage, higher-risk mortgages, instead of tightening credit, lenders are taking steps to keep the easy … Continue reading →

From the Jersey Journal: Hovnanian, partner buying Hartz land, plan to build two residential towers K. Hovnanian and Equity Residential will pay more than $65 million to buy land on the Jersey City waterfront for two residential towers, two officials … Continue reading →

Listings As of 4/10 Total Active Listings: 65 Up To $500,000: 12 $500,001 – $1,000,000: 39 $1,000,001 And Up: 14 Listing Activity Since 4/1 13 Added 1 Back on Market 12 Price Reductions 5 Under Contract 6 Sold 2 Expired … Continue reading →

From Inman News: Four plead guilty to New Jersey real estate loan fraud A former real estate broker, loan officer, closing attorney and one of their employees pleaded guilty to a conspiracy to “flip” New Jersey properties and defraud the … Continue reading →

This one comes in from David at BubbleMeter: In DC Proper Median and Average Price Decline Year Over Year In case you haven’t received the memo, the housing boom in the Washington, DC is over. The housing bubble is popping … Continue reading →

From Newsday: Bloom or bust? Anna Rajber is willing to wait. Rajber has been trying to sell her Jericho home since July, even knocking the price down from $769,000 to $739,000. But she’s not ready to bend more to make … Continue reading →

From the Record by Prashant Gopal: Rising number of home buyers going back for seconds and thirds Jim O’Brien purchased a small three-bedroom getaway pad in the Poconos five years ago. Then last year, he bought a larger house right … Continue reading →

Observations about your local areas, comments on news stories or the New Jersey housing bubble, Open House reports, etc. If you have any questions you wanted to ask earlier in the week but never posted them up, let’s have them. … 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 →