Monthly Archives: May 2006

Critical Eye Required When Looking At Housing Data

This post is a reply to the anonymous person that posted the following comment today: —————————————— Most of the ppl reading this blog are just praying for a good deal cause they got screwed out of the boom for the … Continue reading

Posted in General | 42 Comments

Getting Rich In Real Estate

From Money Magazine: Can you still get rich in real estate? “Home sales are slowing. Condo prices are slipping. Sellers can’t get their asking prices.” “And even real estate bulls are now waving the caution flag.” “If you’re expecting a … Continue reading

Posted in General | 68 Comments

Northern New Jersey Residential Inventory Update

GSMLS Single Family Homes, Condo, Coop (Bergen, Essex, Hudson, Morris, Passaic, Somerset, Sussex, Union, Warren Counties) 5/10 – 16,539 5/17 – 16,846 (1.9% Weekly Increase) NJMLS Single Family Homes, Condo, Coop (Bergen, Essex, Hudson, Passaic Counties) 5/10 – 8,101 5/17 … Continue reading

Posted in General | 13 Comments

Will Transit Villages Outpace Adult Housing?

From the Times Trenton: Study finds transit village brings far fewer children “A study conducted by Rutgers University may answer the question of whether residential developments planned near train stations in several townships in the state, including Hamilton, will attract … Continue reading

Posted in General | 17 Comments

Not Only Prices, But Jobs To Fall As Well

From CNN/Money: Housing slowdown to be widely felt “You don’t need to be in the market to buy or sell a home to be affected by the cooling housing market.” “Economists, investors and the Federal Reserve are watching home building … Continue reading

Posted in General | 11 Comments

NJ Housing Losing Sparkle

From the Herald/Record: Housing losing sparkle “The pace of single-family home sales slowed in the first quarter of this year as the housing boom lost some momentum, the National Association of Realtors said Monday.” “The pace of sales in the … Continue reading

Posted in General | 17 Comments

Homebuilder Sentiment Falls

From Reuters: US homebuilder sentiment sinks in May – NAHB “U.S. homebuilder sentiment slumped in May to its lowest since mid-1995 on rising mortgage rates, declining affordability and the retreat of speculators, the National Association of Home Builders said on … Continue reading

Posted in General | 44 Comments

New Path Station In Jersey City?

From the Jersey Journal: NEW PATH STATION? “It’s been 33 years since the Port Authority of New York and New Jersey built a new station for its Trans-Hudson rail system – a fact that is not derailing Jersey City Mayor … Continue reading

Posted in General | 27 Comments

New Jersey Low-Cost Coastal Housing

From the Asbury Park Press: N.J. may ease way for low-cost homes in coastal zones “New Jersey wants to ease the way for affordable housing projects in some coastal centers by temporarily relaxing some environmental limits, under a proposed rule … Continue reading

Posted in General | 1 Comment

Wealthy Fleeing New Jersey

From the Philadelphia Inquirer: How far can N.J. push its richest? “Real estate baron Alan Sagner may be one of New Jersey’s most valuable endangered species.” “His accountant keeps a running tally of how much money he could save by … Continue reading

Posted in General | 17 Comments

Lowballing Becomes A Popular Sport

Just a quick quote for the lowballers. From the Arizona Republic: Resales taking a tumble “Home sales are plunging in metropolitan Phoenix, even as record numbers of people decide to put their houses on the market.” “For now, the median … Continue reading

Posted in General | 19 Comments

Weekend Open Discussion

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

Posted in General | 137 Comments

Second Extreme Makeover House In NJ

From the NY Times: A Home Where the Walls Have Ears “FOR the second “Extreme Makeover: Home Edition” episode in New Jersey in a month, ABC-TV producers found another family with extreme difficulties and another builder willing to go to … Continue reading

Posted in General | 4 Comments

Lowball! 5/2 – 5/12

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

Posted in General | 12 Comments

Drowning In Debt

Interesting report from the Center for American Progress: Drowning in Debt America’s Middle Class Falls Deeper in Debt as Income Growth Slows and Costs Climb “America’s middle class is drowning in debt. A typical middle income family earning around $45,000 … Continue reading

Posted in General | 101 Comments