Monthly Archives: June 2009

New Jersey Home Price Tracker – June

Posted on June 30, 2009 by grim

The New Jersey Home Price Index Tracker has been updated to include: * April S&P Case Shiller (Aggregate, Tiered, Condo) (click to enlarge) (click to enlarge) S&P Case Shiller NY Metro Commutable Area Home Price Index Low Tier (Under $283721) … Continue reading →

Posted in Economics, Housing Bubble, New Jersey Real Estate | 281 Comments

S&P Case Shiller April HPI

Posted on June 30, 2009 by grim

Due out at 9am this morning, post will be updated as news/info becomes available. From Bloomberg: Home-Price Declines in 20 U.S. Cities Eased in April Home prices in 20 major U.S. metropolitan areas fell in April at a slower pace … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 222 Comments

“It’s not going to be a rapid recovery.”

Posted on June 27, 2009 by grim

From CNBC: Five Reasons Housing Market Still Hasn’t Recovered Yet What happened to the housing recovery? Despite hopes that the market would begin showing signs of life this spring, the latest housing data suggests otherwise. Instead, the sector remains stubbornly … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 195 Comments

Overbuilding senior communities

Posted on June 26, 2009 by grim

I don’t care if you have plans, cancel them. What: GTG/Meet-up/Whatever When: Friday June 26th, 7:30ish (Tonight!) Where: Fitzgerald’s 1928 http://www.fitzgeralds1928.com 13 Herman Street (off Bloomfield Ave) Glen Ridge, NJ 07028 Google Maps Link For drivers, this is right off … Continue reading →

Posted in Economics, New Jersey Real Estate | 557 Comments

“They weren’t able to sell it because they wanted too much money for it,”

Posted on June 25, 2009 by grim

From CNBC: Rebound In Housing Hampered By Slowdown in ‘Short Sales’ When Vasco and Mrjama Lukic’s American housing dream turned into a nightmare, they managed to escape through a long and complicated process known as a “short sale.” The Yugoslavian-born … Continue reading →

Posted in Housing Bubble, New Jersey Real Estate | 97 Comments

“Where? Where?”

Posted on June 25, 2009 by grim

Don’t miss the meet-up tomorrow! When: Friday June 26th, 7:30ish Where: Fitzgerald’s 1928 http://www.fitzgeralds1928.com 13 Herman Street (off Bloomfield Ave) Glen Ridge, NJ 07028 Google Maps Link For drivers, this is right off exit 148 on the Parkway. For those … Continue reading →

Posted in Housing Bubble, National Real Estate | 225 Comments

Northeast sales fall 13.4%, prices down 12.5%

Posted on June 24, 2009 by grim

From the AP/APP: Northeast home sales, prices drop in May Home sales in the Northeast declined more than 13 percent in May from year-ago levels, the worst showing in the country, as the specter of job losses loomed over the … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 247 Comments

Bye bye Burgdorff!

Posted on June 23, 2009 by grim

Hat tip to Debbie from over at Baristanet for bringing this to my attention! From Realogy: NRT Combines its two New Jersey Real Estate Brokerage Companies into Single Organization NRT LLC, the nation’s largest residential real estate brokerage company, today … Continue reading →

Posted in New Jersey Real Estate | 120 Comments

The “macroeconomic forces are still overwhelmingly negative.”

Posted on June 23, 2009 by grim

Mark your calendars, the long awaited GTG When: Friday June 26th, 7:30ish Location: Fitzgerald’s 1928 http://www.fitzgeralds1928.com 13 Herman Street (off Bloomfield Ave) Glen Ridge, NJ 07028 Google Maps Link For drivers, this is right off exit 148 on the Parkway. … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 427 Comments

Perfect time to buy? Or to stay on the sidelines?

Posted on June 22, 2009 by grim

From the Record: Buying smart is all in the timing After two years of home shopping — and one canceled deal — MaryAnn and Bryan Rust bought their first house, a three-bedroom Maywood ranch, this month. They were motivated by … Continue reading →

Posted in New Jersey Real Estate | 270 Comments

Weekend Open Discussion

Posted on June 19, 2009 by grim

Ok folks, it’s that time again! Steady stream of emails lately, asking about the next get together. Save the date, pencil it in, roll out of bed, whatever. When: Friday June 26th, 8ish. Location: Still TBD ————————————— This is the … Continue reading →

Posted in General | 247 Comments

It’s official, the spring market was a BUST!

Posted on June 18, 2009 by grim

From Reuters: Spring U.S. housing market fell short-Coldwell CEO This year’s peak home-buying season was lackluster, as buyers seeking to trade up to larger houses were absent, said the head of one of the country’s largest real estate firms. Jim … Continue reading →

Posted in Housing Bubble, National Real Estate | 248 Comments

Armageddon coming to NY metro area?

Posted on June 17, 2009 by grim

(Yes, this is a repost. The media finally caught on to what DB was saying.) From Time: New York Home Prices Forecast to Drop 40% What’s it feel like to survive one hurricane only to be told that another is … Continue reading →

Posted in Economics, Housing Bubble, New Jersey Real Estate | 318 Comments

6200 NJ jobs lost in May, Unemployment rises to 8.8%

Posted on June 17, 2009 by grim

From the NJ Department of Labor and Workforce Development: New Jersey Employment Declined in May by 6,200 Jobs; Unemployment Rate at 8.8 Percent Remained Below the National Level Job losses slowed in May as New Jersey employers reduced employment by … Continue reading →

Posted in Economics, New Jersey Real Estate | 218 Comments

DB: Home prices have more to fall

Posted on June 16, 2009 by grim

From Bloomberg: U.S. Home Prices to Fall 14% More, Deutsche Says U.S. home prices may fall another 14 percent, led by the New York and Orange County, California, metropolitan areas, before reaching a bottom as an increase in unemployment offsets … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 169 Comments