Monthly Archives: August 2006

From the New York Times: In New Data, a Changing Profile of the New York Region The face of New York City and its suburbs has changed profoundly since the start of the 21st century. According to census figures released … Continue reading →

Bad or good idea? Let’s hear your opinions on this piece, from the Wall Street Journal Real Estate Journal: Keep Your Financial Footing at 22 So You Can Buy That House at 32 As soon as you graduate and land … Continue reading →

From the Record: Lyndhurst tax bills stun homeowners The borough’s tax office has been deluged by a torrent of phone calls since homeowners received tax bills reflecting the impact of the municipality’s first property revaluation in 17 years. Some homeowners, … Continue reading →

From the Record/Herald: Factory layoffs plague region Bergen, Passaic and Hudson counties lost a combined 4,700 jobs from June 2005 to June 2006, the federal Bureau of Labor Statistics reported Wednesday. It was the region’s biggest 12-month job loss since … Continue reading →

From the Dallas News: It hasn’t burst, but the bubble is real When it comes to bubbles, the ironies tend to emerge in hindsight. Looking back, the book Dow 36,000 marked the top of the bubble hysteria in 2000. For … Continue reading →

From the Home News Tribune: Odds that the bubble would burst? You could bet the house on it Sorry about that bubble, if you overpaid for your house a year ago, expecting things would turn out OK, what with housing … Continue reading →

From the NY Daily News: Hamptons in slump Those fat Wall Street bonuses haven’t found their way to the Hamptons. The number of homes sold in the recreation zone of the rich and famous fell to 958 during the first … Continue reading →

From Marketwatch: Mortgage applications fall to 4-year low Mortgage applications are down 29% in the past year, reflecting a severe slowdown in the housing market after four years of strong growth. Applications for loans to purchase a home fell 3.3% … Continue reading →

From the Times Trenton: Summit attendees lament losses in manufacturing jobs New Jersey is losing manufacturing jobs and, with them, its competitive edge in a global economy. That was the consensus of participants in a business summit held yesterday at … Continue reading →

Surprising that this piece comes from RealtyTimes, given the very negative outlook. Author Bob Schwartz takes a position not often seen among real estate columnists, calling for a double digit decline in prices. San Diego Home Sales Figures: Not All … Continue reading →

From the National Association of Realtors (NAR): Pending Homes Sales Index Rises Pending home sales – a leading indicator for the housing sector – have risen for the last two months, according to the National Association of Realtors®. The Pending … Continue reading →

From Bloomberg: U.S. Personal Spending Rises 0.4%; Inflation Quickens Consumer spending in the U.S. rose 0.4 percent in June, the smallest gain this year as higher gasoline prices left Americans with less to outlay on other goods. Incomes also increased. … Continue reading →

From the Wall Street Journal: Are Twentysomethings Ready for Commitment To Owning Real Estate? Wish you were more grounded? Here’s a solution: Buy a house. For people in their 20s, owning real estate is a way to take on more … Continue reading →