Monthly Archives: June 2007

EnCap in jeopardy

Posted on June 4, 2007 by grim

From the Record: EnCap project could be in trouble The state Attorney General’s Office has declared EnCap Golf Holdings to be in default on two key provisions of its agreement with the Meadowlands Commission, according to documents obtained by The … Continue reading →

Posted in New Development, New Jersey Real Estate | 1 Comment

Weekend Open Discussion

Posted on June 3, 2007 by grim

This is the time and place to post observations about your local areas, comments on news stories or the New Jersey housing market, open house reports, etc. If you have any questions you wanted to ask earlier in the week … Continue reading →

Posted in General | 485 Comments

Kara buyers lose thousands

Posted on June 3, 2007 by grim

From the Home News Tribune: Kara Homes slowly building up Nearly eight months after East Brunswick-based Kara Homes Inc. filed for bankruptcy, many of the builder’s prospective customers, buyers such as Marlboro resident Elizabeth Yigdal, are still without their homes. … Continue reading →

Posted in Housing Bubble, New Development, New Jersey Real Estate | 4 Comments

April Pending Home Sales Drop

Posted on June 1, 2007 by grim

From Bloomberg: Pending Home Resales in U.S. Fall to Four-Year Low An index of pending sales of existing homes in the U.S. unexpectedly fell to the lowest level in more than four years in April, a further sign the real-estate … Continue reading →

Posted in Economics, National Real Estate | 4 Comments

“Tenants told: Buy, or your rent will soar”

Posted on June 1, 2007 by grim

From the Jersey Journal: DON’T BELIEVE IT A number of residents of the Borinquen Houses, a Jersey City low-income housing complex, have received official-looking letters offering to sell them their homes before they’re made to face market rates for rent, … Continue reading →

Posted in New Jersey Real Estate | 6 Comments

Higher rates pressure housing market

Posted on June 1, 2007 by grim

From CNN/Money: Mortgage rate rise pressures housing recovery Mortgage rates went up again this past week, putting more pressure on a weak housing market and further dimming prospects for a quick recovery. Low rates helped create and sustain the last … Continue reading →

Posted in National Real Estate | 4 Comments