Monthly Archives: July 2006

High Bridge housing plan will proceed after ruling After two stinging setbacks in major lawsuits, High Bridge officials have decided not to appeal an affordable housing ruling that cleared the way for a long-proposed 170-unit development. In separate rulings last … Continue reading →

From the Courier Post: Region’s housing market softens In the first solid sign the housing market has turned south, home sales in Philadelphia, South Jersey and Delaware fell in the first six months of 2006 compared with a year ago … Continue reading →

From Inman News: Foreclosures accelerate in some areas ForeclosureS.com says property foreclosures are accelerating in the Midwest, Southeast and New England for different reasons. … In New England, rising energy costs, a flat housing market and interest rate hikes are … Continue reading →

From the Daily Record: Parsippany makes Money’s Top 100 Parsippany is included in the Top 100 of Money magazine’s annual “Best Places to Live” list. The magazine named Fort Collins is the “Best Place to Live” in America for 2006, … Continue reading →

Hat tip to Marinite (of the Marin Real Estate Bubble Blog) and Jay for this link. From the Mortgage Brokers Association for Responsible Lending: Data Collected by the Mortgage Brokers Association for Responsible Lending Data Collected by the Mortgage Brokers … Continue reading →

From the Asbury Park Press: Cherry Hill going “downtown” Before the 1960s, when this community boomed into a quintessential New Jersey suburb with 70,000 residents, a landmark mall, well-regarded schools and cul-de-sac after cul-de-sac of homes, there were two main … Continue reading →

This one comes to us from Damon Darlin at the New York Times. Many of you may recognize the name, Damon is a regular contributor toThe Walkthru, the NY Times real estate blog. Keep Eyes Fixed on Your Variable-Rate Mortgage … Continue reading →

From the Press of Atlantic City: Credit-card debt engulfs America as spending outweighs income In “Hamlet,” Shakespeare’s Lord Polonius said, “Neither a borrower nor a lender be.” Today’s consumer philosophy is closer to the 1980s bumper sticker: “He who dies … 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 →

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 →

A must read piece from the Edward J. Bloustein School of Planning and Public Policy: New Jersey’s New Economy Growth Challenges (PDF) By James W. Hughes and Joseph J. Seneca New Jersey now faces its most uncertain economic future since … Continue reading →

From the Courier Post: Upscale condos coming to A.C. Got $4 million? A penthouse suite is yours at Victoria Tower, a high-rise planned along 385 feet of beachfront in an area dubbed North Beach. The project should have its planning … Continue reading →

What areas would get hit the hardest if the mortgage interest deduction was capped? From the Charlotte Observer: Calif., N.Y., N.J. big for realty write-offs Federal tax benefits for homeownership are among the heftiest and most popular of any in … Continue reading →

From Bloomberg: New York, Citing Housing Cost, Lets Its Workers Live Elsewhere Increased housing costs in New York City have led officials to abandon a policy in place for almost 20 years that required most municipal employees to reside in … Continue reading →

From Bloomberg: BOJ Raises Rates for First Time in Almost Six Years The Bank of Japan raised interest rates for the first time in almost six years, forecasting sustained growth in the world’s second-largest economy and an end to a … Continue reading →