Monthly Archives: September 2006

Lowball! 8/22 – 9/4 (Sussex, Somerset, Union)

Welcome to another edition of Lowball! Lowball! takes a look at home sales from a 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 … Continue reading

Posted in Lowball | 22 Comments

New Jersey Job Growth

From the Daily Record: Work is changing Some records show that nineteenth century union leader Peter J. McGuire was the first to suggest a day honoring those “who from rude nature have delved and carved all the grandeur we behold.” … Continue reading

Posted in General | 10 Comments

If America sneezes, the rest of the World catches a cold

From The Globe and Mail (Canada): The housing collapse heard round the world Real estate agent Andrea Gaus knew the market was out of whack when the price of a typical four-bedroom house near good schools in the leafy Maryland … Continue reading

Posted in General | 17 Comments

Lowball! 8/22 – 9/3 (Essex and Morris)

Welcome to another edition of Lowball! Lowball! takes a look at home sales from a 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 … Continue reading

Posted in Lowball | 34 Comments

Jerseyfication

From the Express-Times: Jerseyfication? It’s too late to gripe about it No more outsiders. It’s a standing joke among those of us who live in houses built on former farm fields. The fumes from the moving van are still fresh … Continue reading

Posted in General | 3 Comments

The End Of Real Estate As We Know It?

From the New York Times: The Last Stand of the 6-Percenters? Redfin and other innovators, including ZipRealty and BuySideInc.com, are using technology to reduce costs and to save time for their brokers. Agents don’t find and recommend homes — customers … Continue reading

Posted in General | 11 Comments

Deferred Property Taxes For Seniors

From Newsday: Florida property tax deferrals catch Jersey’s attention Lou Albright has had enough. Retired after working for Verizon for 35 years, the Gloucester Township man has seen property taxes on his two-bedroom home increase 12 percent in recent years, … Continue reading

Posted in General | 14 Comments

Labor Day Weekend Open Discussion

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

Posted in General | 184 Comments

Lowball! 8/22 – 9/2 (Bergen and Passaic)

Welcome to another edition of Lowball! Lowball! takes a look at home sales from a 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 … Continue reading

Posted in Lowball | 11 Comments

Are Pensions The Problem?

From the Asbury Park Press: Tax cuts difficult, but Corzine remains confident A month into efforts to cut New Jersey’s high property taxes, lawmakers are finding solutions hard to come by, but Gov. Corzine on Friday said he remains confident … Continue reading

Posted in General | 11 Comments

July Pending Home Sales Fall 16% YOY

From Marketwatch: Pending homes sales index falls 7% in July An index of pending home sales fell 7% in July to lowest level since February 2003, the National Association of Realtors reported Friday. The index is down 16% in the … Continue reading

Posted in General | 31 Comments

The American Nightmare

Fantastic piece from BusinessWeek, the cover story of the September 11th edition: Nightmare Mortgages They promise the American Dream: A home of your own — with ultra-low rates and payments anyone can afford. Now, the trap has sprung For cash-strapped … Continue reading

Posted in General | 56 Comments

Wake Up New Jersey

From the Record: Census wakeup call NEW JERSEYANS searching for silver linings in the grim U.S. census figures released this week will have to get out their umbrellas. While we have the highest household median income in the nation, we … Continue reading

Posted in General | 17 Comments

Property Tax Hikes Continue

From the Herald/Record: Bergen County briefs HASBROUCK HEIGHTS — The Borough Council on Tuesday adopted a $15.8 million budget that comes with a 7.1 percent increase in the municipal tax levy. The owner of a home assessed at the borough … Continue reading

Posted in General | 4 Comments

The Next New Jersey Gold Coast?

From the Courier Post Online: Camden doesn’t have to be America’s poorest city The city has potential to draw in new residents and businesses and lift itself out of the bottom of some dubious rankings. It’s no coincidence that America’s … Continue reading

Posted in General | 6 Comments