Monthly Archives: July 2006

From the Christian Science Monitor: No safety net for Fannie and Freddie By David Reiss It is received wisdom on Wall Street that the federal government would bail out Fannie Mae and Freddie Mac if they could not pay their … Continue reading →

What happened to running out of land? From the Sentinal: Lands may be zoned for senior housing proposal to rezone two areas of South Brunswick into the new Age-Restricted Residential Communities (AARC) zone and one area from commercial to industrial … Continue reading →

Surprising story on comps and appreciation up at Seattle Bubble this morning. Hat tip to Tim and S-Crow for providing the information. Seems a common practice might be overstating appreciation via comps. I’ll admit, this one never even crossed my … Continue reading →

From the Mortgage Bankers Association (MBA): Mortgage Application Volume Steady in Latest Survey The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending July 7. The Market Composite Index, a measure of mortgage loan … 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) 7/5 – 18,360 7/12 – 18,573 (1.2% Increase) NJMLS – http://www.njmls.com (New Jersey Multiple Listing Service) Single … Continue reading →

From Marketwatch: Home-price growth to slow with sales Economists are predicting slowing home appreciation and slipping home sales for the remainder of 2006 and their key concern is the decline in affordability for many potential homeowners, caused by already high … Continue reading →

From Congressman Ron Paul’s Website: Federal Reserve Policy Destroys the Value of Your Savings For years officials at the Federal Reserve Bank, including Chairman Bernanke himself, have assured us that inflation is under control and not a problem– even as … Continue reading →

I have to admit, I do find it entertaining to watch the NAR change their forecast with every press release they issue. Month after month their forecast is revised downward and further downward still. While the overall change has been … Continue reading →

From the Journal News: Mixed response at open houses By JERRY GLEESON While rising interest rates are slowing sales of homes in the Lower Hudson Valley, a sampling of open houses over the weekend shows how hard it is to … Continue reading →

From Marketwatch: U.S. May consumer credit rises $4.4 billion, or 2.4% Consumers took on a bigger-than-expected $4.4 billion more in debt in May, the Federal Reserve said, mostly in revolving debt like credit cards. U.S. borrowers pushed up overall outstanding … Continue reading →

From the Wall Street Journal: Commercial Real Estate Maintains Its Strength Despite a Cooling Housing Market With America’s housing market clearly cooling, will commercial real estate start to swoon? Hardly. The national office market, which cratered after the tech bust … Continue reading →

From the Jersey Journal: 65-acre redevelopment planned by NJ Transit Residents are fighting to stave off development in the Mile Square City – but the biggest expansion in the city’s history could be coming and local officials may be powerless … Continue reading →

From the Jersey Journal: PAYMENT MISSED The Donald is hedging his bets on a twin-tower condo complex he is building in Downtown Jersey City. The casino and development mogul told The Jersey Journal he and his main partner in the … Continue reading →

From the LA Times: Default rate of ‘piggyback’ loans spurs Wall Street to action Wall Street is sounding the alarm on one of the most popular ways to buy a house in many high-cost areas around the country — so-called … Continue reading →

From the Daily Record: Morris cities fail test for families Not a single Morris County community is among the supposedly 100 best places to bring up a family, as listed in a new book, “Best Places to Raise Your Family,” … Continue reading →