Monthly Archives: September 2006

Making room for strangers

A Letter to the Editor published in the Jersey Journal: We’re being pushed out Enough with condo conversions in Jersey City. Out-of-town developers are pushing good people, who were born and raised in Jersey City, out of their homes in … Continue reading

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Down payment? Charge it.

From the WSJ Real Estate Journal: AmEx Makes Room on Its Cards For Down Payments on Condos Coming up with the money for a down payment on a new condominium may soon be as easy as charging it: American Express … Continue reading

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Five Stages of Grief

From Realty Times: Realty Reality: “Five Stages” Applies to Realtors Too The first stage, Denial, is similar to that observed in terminally ill patients. It is the first reaction of agents. They refuse to accept the diagnosis. They reject the … Continue reading

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Potential buyers wait to be “priced-in”

Great piece this morning from the Wall Street Journal: How Low Will Home Prices Go? Recently she’s seen reasons for hope: Far more homes were showing up in their price range, and others she’d seen a year ago were being … Continue reading

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Parsippany superintendent spoof

From YouTube: From the Daily Record: Parsippany superintendent lampooned in YouTube video Incoming Schools Superintendent LeRoy E. Seitz will not start until Oct. 2 but he is already the subject of an anonymous, “Saturday Night Live”-style spoof on the hugely … Continue reading

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Very significant reforms?

From the Asbury Park Press: Panel eyes “significant” changes to state benefits Lawmakers continued batting around ideas Wednesday about how to tackle two of the largest expenses that help drive the state’s notoriously high property taxes — bureaucracy and worker … Continue reading

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Bye Bye A.C.!

Something a bit more lighthearted. From The Record: Monopoly outgrows A.C. Goodbye, Boardwalk. Hello, Broadway! On Tuesday, Hasbro, the maker of Monopoly, revealed its latest version of its most popular board game – a more contemporary edition that abandons the … Continue reading

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Northern New Jersey Weekly Inventory Update

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) 9/6 – 18,687 9/13 – 18,886 (1.1% Increase) NJMLS – http://www.njmls.com (New Jersey Multiple Listing Service) Single … Continue reading

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Home Prices Expected to Fall for Remainder of 2006

From the National Association of Realtors: NAR: Home Prices Expected to Fall for Remainder of 2006 (full text posted) Housing prices are expected to continue to have a limited fall throughout 2006, according to testimony submitted by the National Association … Continue reading

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Lowball! Bergen & Passaic 8/23 – 9/13

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

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Lowball! Bergen & Passaic 8/23 – 9/13

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 | 67 Comments

NJ jobless rate ticks higher

From the Asbury Park Press: N.J. jobless rate higher in August New Jersey’s economy didn’t add enough jobs in August to keep up with the number of people entering the work force, the state’s Department of Labor and Workforce Development … Continue reading

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Inventory Up, Prices Down

From the Wall Street Journal Online: Rising Inventory of Unsold Homes Is Likely to Put Pressure on Prices A continued rise in inventories of unsold homes in August is likely to put more downward pressure on home prices in parts … Continue reading

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What about South Jersey?

From the Courier Post Online: Study: S.J. good place to live South Jersey is one of the best places in America to relocate — but not retire, according to a study by the Retirement Solutions Foundation. Based on a healthy … Continue reading

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City residents better off?

From Newsday: Report: NJ cities in better shape, but not their residents Many of New Jersey’s cities have seen an increase in jobs and property values over the last 10 years, but the changes are not bettering the lives of … Continue reading

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