Monthly Archives: January 2008

Manhattan declines in ’08?

Posted on January 8, 2008 by grim

From PRWeb: Year-End Report: Manhattan Rental Market Resilient, though Not Invincible in ’07 The Real Estate Group New York (TREGNY) released today their first Year-End Manhattan Rental Market Round-up. The study, which synthesizes data from all of TREGNY’s 2007 monthly … Continue reading →

Posted in General, National Real Estate | Comments Off on Manhattan declines in ’08?

North Jersey December Residential Sales

Posted on January 6, 2008 by grim

Preliminary December sales and inventory data for Northern New Jersey is in. Please note that this data is subject to revision. The first graph plots the unadjusted sales data (closed sales) for the counties listed. Please note the lower bound … Continue reading →

Posted in New Jersey Real Estate | 277 Comments

Lowball! December 2007

Posted on January 6, 2008 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, New Jersey Real Estate | 30 Comments

Weekend Open Discussion – Part II

Posted on January 5, 2008 by grim

Now Open, Part II! Prior weekend thread closed due to comment overflow.

Posted in General | 228 Comments

Weekend Open Discussion

Posted on January 4, 2008 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 | 289 Comments

Transit-oriented incentives

Posted on January 4, 2008 by grim

From the Record: Economic incentive legislation passes hurdle A proposed new program designed to draw major corporate investment and job creation to New Jersey’s urban areas got legislative committee backing in Trenton on Thursday. The bill would enable a company … Continue reading →

Posted in New Development, New Jersey Real Estate | 6 Comments

…and then there’s Manhattan

Posted on January 3, 2008 by grim

From the Wall Street Journal: Manhattan Shrugs Off Housing Downturn Associated Press January 3, 2008 12:10 a.m. NEW YORK — Amid a housing slump that’s plaguing the rest of the country, Manhattan’s residential real estate market finished the final quarter … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 192 Comments

Bubble Nation

Posted on January 3, 2008 by grim

From Seeking Alpha: Pedaling Prosperity Propaganda: Rhetoric of Depression? The propaganda that the subprime debacle is not enough to derail an otherwise healthy economy fades into the distance when we see all the kings’ men, the Treasury, the Office of … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 1 Comment

Irreparable…

Posted on January 2, 2008 by grim

From the Wall Street Journal: Bush to Revive Push for Housing Remedy By JOHN D. MCKINNON January 2, 2008; Page A2 WASHINGTON — With public sentiment on the economy still sagging, President Bush will make a new push for congressional … Continue reading →

Posted in National Real Estate, Politics | 248 Comments

NJ facing $3b budget deficit.. No new taxes?

Posted on January 2, 2008 by grim

From the AP: New Jersey enters 2008 facing major budget woes With Gov. Jon S. Corzine finalizing plans to increase highway tolls to help solve the state’s chronic fiscal woes, New Jersey enters 2008 with the nation’s third largest budget … Continue reading →

Posted in Economics, Politics, Property Taxes | 11 Comments

NJ commuters cause PA foreclosures

Posted on January 2, 2008 by grim

From the Pocono Record: Monroe smashes home foreclosure record with 1,253 filings in 2007 Monroe County’s record-high 2007 home foreclosure rate may not be a surprise to informed observers, but it still can shock the senses. There were 1,253 foreclosure … Continue reading →

Posted in National Real Estate | 2 Comments