Monthly Archives: November 2006

Real Estate System “Cockamamie”

Posted on November 1, 2006 by grim

From Mortgage News Daily: Readers Weigh In On Real Estate Competitiveness and Commissions A few months ago we reported on testimony given before a subcommittee of the House Financial Services Committee, largely targeting the National Association of Realtors for what … Continue reading →

Posted in National Real Estate | 30 Comments

Conforming loan limits could fall

Posted on November 1, 2006 by grim

From Reuters: Limit on GSE-eligible mortgages may decline for ’07 By Al Yoon Declining home values in 2006 may reduce the size of loans eligible for purchase by Fannie Mae and Freddie Mac, raising consumer borrowing costs in some high-priced … Continue reading →

Posted in Economics, National Real Estate | 28 Comments

Lowball! 10/16 – 10/31

Posted on November 1, 2006 by grim

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 | 150 Comments

September Pending Home Sales Slip

Posted on November 1, 2006 by grim

From CNN/Money: Home sales slump continues Pending sales of existing homes fall in September, as latest reading from Realtors shows continued slump. The pace of existing home sales continue to slip in the latest reading of real estate market strength … Continue reading →

Posted in Economics, National Real Estate | 14 Comments

Buy High, Sell Low

Posted on November 1, 2006 by grim

From the Boston Herald: Housing market ‘upside down’ : More homes selling below purchase price By Scott Van Voorhis A small but growing number of Boston area condo and homeowners are finding themselves “upside down.” That’s real estate parlance that … Continue reading →

Posted in Housing Bubble, National Real Estate | 51 Comments

Little hope for property taxes

Posted on November 1, 2006 by grim

From the Asbury Park Press: Assembly chief: Halving property taxes unlikely BY JONATHAN TAMARI Assembly Speaker Joseph J. Roberts Jr., D-Camden, said Tuesday that talk of cutting property taxes in half is “unrealistic.” Roberts said he supports some of the … Continue reading →

Posted in New Jersey Real Estate, Price Reduced | 7 Comments

Meeting affordable housing obligations

Posted on November 1, 2006 by grim

From the News Transcript: Howell officials grapple with housing mandates BY LARRY HLAVENKA JR. The township has a 487-unit state Council on Affordable Housing (COAH) obligation to fulfill and municipal professionals have unveiled a plan on how to meet that … Continue reading →

Posted in New Jersey Real Estate | 2 Comments

Housing downturn slows growth

Posted on November 1, 2006 by grim

From the Asbury Park Press: N.J. economy on rise, but growth is sub par New Jersey’s economy appears to be picking up a bit, but growth remains well below average, partly because of the downturn in the housing market, according … Continue reading →

Posted in Economics | 23 Comments