Monthly Archives: July 2006

From the Asbury Park Press: New Jersey needs comprehensive review of housing policies It seems New Jersey is perpetually debating the appropriate balance between home building and open space preservation — with both sides claiming the moral high ground on … Continue reading →

From the Suburban News Developer reduces proposal to 125 units on Birchwood Ave. Developer Woodmont Properties this week presented a scaled-down plan for an active adult community on Birchwood Avenue, and again received an encouraging response from the Township Committee. … Continue reading →

From the Daily Record: Mt. Olive builder fined $764K A developer was fined nearly $764,000 for violating New Jersey’s wetlands rules during construction of a housing development. The state Department of Environmental Resources issued a $763,500 fine to developers Anthony … Continue reading →

Bennie, have you lost your mind? Say it ain’t so, just say it ain’t so. Allowing Fannie to expand it’s portfolio during a housing collapse only serves to further increase the systemic risk these institutions pose. From Marketwatch: Bernanke open … Continue reading →

From the Wall Street Journal: For-Sale Signs Multiply Across U.S. The housing market continues to weaken in much of the country as inventories of unsold homes rise and many sellers cut their asking prices, a quarterly survey by The Wall … Continue reading →

From the Record: Consumer prices spike in region By KEVIN G. DeMARRAIS Consumer prices have soared 5.6 percent in the metropolitan area in the past year, the biggest 12-month gain in 15 years. … The Bureau of Labor Statistics reported … Continue reading →

From Forbes: Selective Hearing Despite the nuanced, even-handed tone of U.S Federal Reserve chief Ben Bernanke’s speech on the outlook for the economy on Wednesday, the markets took it as assurance that the Fed is done–or nearly done–with its rate-tightening. … Continue reading →

GSMLS – http://www.gsmls.com (Garden State Multiple Listing Service) Single Family Homes, Condo, Coop (Bergen, Essex, Hudson, Morris, Passaic, Somerset, Sussex, Union, Warren Counties) 7/12 – 18,573 7/18 – 18,714 (0.8% Increase) NJMLS – http://www.njmls.com (New Jersey Multiple Listing Service) Single … Continue reading →

First on the docket is the MBA Mortgage Index, from Marketwatch: Mortgage applications fall 4.6% Applications for mortgage loans at major U.S. banks fell by a seasonally adjusted 4.6% last week, the Mortgage Bankers Association reported Wednesday. Applications were down … Continue reading →

From the Philadelphia Inquirer: This time, things will be different By Andrew Cassel Seem like old times? It might if you remember the late 1980s, says regional economist Jim Diffley. Back then, the nation was bifurcated; growth was booming along … Continue reading →

From the Jersey Journal: Throughout Downtown, a slowdown? Experts fear slowdown in real estate market By JARRETT RENSHAW Rising federal interest rates combined with growing concern among the nation’s lenders over how much supply Jersey City’s Downtown can handle has … Continue reading →

From the Jersey Journal: Supply is giving buyers the edge The swelling residential market supply has taken the negotiating power out of the hands of the developers and put it into the hands of buyers for the first time in … Continue reading →

The Record/Herald is running a multipart series entitled “Runaway Pay”. The special report can be found here: Runaway Pay Here is a taste of some of the topics: Can N.J. afford the rising cost of teachers and cops? We’re grateful … Continue reading →

From Marketwatch: Home builders index falls to 15-year low Home builders’ confidence plunged to a 15-year low in July, reflecting growing worries about rising interest rates and declining affordability, the National Association of Home Builders said Tuesday. The NAHB/Wells Fargo … Continue reading →

From Marketwatch: U.S. June PPI up 0.5%, core PPI up 0.2% U.S. producer prices rose by a larger-than-expected 0.5% in June, but core inflation increased 0.2% as expected, the Labor Department reported Tuesday. Higher energy and food prices accounted for … Continue reading →