Monthly Archives: June 2006

Interesting piece from NJBiz, a somewhat in-depth discussion with Mr. Jeffrey Otteau: Housing’s Summertime Chill A stagnant market for homes could send prices downward By Shankar P. If anyone doubted that the state’s runaway housing market of recent years has … Continue reading →

Preliminary May sales data for Northern New Jersey is in.. The first graph plots the unadjusted sales data (closed sales) for the counties listed. Please note the lower bound of the y-axis, it is set to 1000, not to zero. … Continue reading →

From the Jersey Journal: TAX BELIEF By JARRETT RENSHAW Hudson County’s Assembly delegation wants to help Jersey City’s ailing budget by giving city officials the power to create new taxes, including a controversial 1 percent city payroll tax aimed at … Continue reading →

From The Herald/Record: Hackensack OKs town houses By MONSY ALVARADO 97-unit town house development will be built along River Street on property that’s been used by All American Ford car dealership. The project calls for the one-story building on the … Continue reading →

From the Asbury Park Press: Signs of weakness It wasn’t a pretty picture when Charles Kovach and his wife, Brenda Connolly, first took a look at an octagonal-shaped house on LaReine Avenue in Bradley Beach, a block-and-a-half from the beach. … 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 →

It’s been a while since we heard anything real-estate related from friend-of-the-blog, Warren Boroson. So this piece, from the Morris County Daily Record, was a bit of a surprise to me. From the Daily Record: Sales of homes slow in … Continue reading →

Interesting piece on little known real estate investor Marcel Arsenault by John Rubino: Look Out Below Back in the late 1980s, Marcel was a hippy/entrepreneur in the Ben & Jerry mold who had spent the previous decade mixing up vats … Continue reading →

From ABC News: How Much Is Your Home Worth? Over recent months, rising interest rates and increasing inventory have turned the real estate market into one favoring buyers instead of sellers, making it more imperative than ever to price your … Continue reading →

From the Record/Herald: Helmsley ex-chef’s claim to fee disputed By KIBRET MARKOS Chef Dennis Sammarone may have offered his goodwill to set up a meeting between his former boss, Leona Helmsley, and a developer who bought an expensive tract in … Continue reading →

From The Trenton Times: Tax sale a deal for some in N.J. BY DARRYL R. ISHERWOOD Anyone looking for a housing or business bargain may soon have the opportunity to buy one for less than the price of a new … Continue reading →

From the Jersey Journal: It’s time to stop tax abatements, but city loves ’em Decade after decade, administration after administration, real estate developers in Jersey City have benefited from generous tax abatements – and in return, politicians have benefited from … Continue reading →

Just when I thought the afternoon couldn’t get any slower, along comes this bombshell from the Motley Fool: I Want My Bubble Back! By Seth Jayson There’s nothing funnier or more satisfying (for me, at least) than watching the National … Continue reading →

Since it’s pretty quiet on the housing front today, I’ll open up the weekend thread earlier than usual. Observations about your local areas, comments on news stories or the New Jersey housing bubble, Open House reports, etc. If you have … Continue reading →

We’re still in the testing phase here.   We will make a formal announcement when we’ve moved to the new blog system. Until that time, the old address is still active. http://nnjbubble.blogspot.com Caveat Emptor! Grim