Monthly Archives: November 2009

Can we really afford home rule?

Posted on November 30, 2009 by grim

From the Daily Record: Do we really love home rule? A recent poll says residents are not as enamored with their home towns as some think. A Quinnipiac University poll asked residents if they would support merging school districts and … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes | 261 Comments

President Obama is going to pay your mortgage! (Taxpayers really, but who is counting?)

Posted on November 29, 2009 by grim

From the NYT: U.S. Will Push Mortgage Firms to Reduce More Loan Payments The Obama administration on Monday plans to announce a campaign to pressure mortgage companies to reduce payments for many more troubled homeowners, as evidence mounts that a … Continue reading →

Posted in Economics, National Real Estate, Politics, Risky Lending | 107 Comments

“The owners have already walked out — just given up”

Posted on November 28, 2009 by grim

From the Press of Atlantic City: Sheriff’s sales increase as housing bust continues Larry Notch may have the most difficult job at the Cape May County Sheriff’s Office. The veteran investigator is in charge of serving court papers on homeowners … Continue reading →

Posted in Housing Bubble, New Jersey Real Estate | 59 Comments

Black Friday Open Discussion

Posted on November 27, 2009 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 | 111 Comments

I’m thankful for our prudent state and local government

Posted on November 26, 2009 by grim

From the Star Ledger: N.J. budget deficit grows to $1B for current fiscal year The state today said it is facing a $1 billion hole in this year’s budget — a shortfall five times bigger than previously disclosed — and … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes | 62 Comments

NJ industrial rents fall to “lowest in a decade”

Posted on November 25, 2009 by grim

From the NY Times: Industrial Real Estate, a New Jersey Bulwark, Shows Some Cracks Over the years, as the real estate markets for offices, residences and stores in New Jersey have gone through peaks and valleys, the market for industrial … Continue reading →

Posted in Economics, New Jersey Real Estate | 188 Comments

October Northeast Sales Jump 25%, NY Metro Only 5%

Posted on November 24, 2009 by grim

From the NY Times: Northeast Home Sales Soar 25 Percent in October ome sales in the Northeast soared in October as first-time buyers clamored to close deals before the expiration of a federal tax credit. The nine-state region registered 85,000 … Continue reading →

Posted in Economics, National Real Estate, New Jersey Real Estate | 284 Comments

October Existing Home Sales

Posted on November 23, 2009 by grim

From Bloomberg: Sales of Existing U.S. Homes Probably Rose to a Two-Year High Sales of existing U.S. homes probably increased in October to the highest level in more than two years, spurred in part by a tax credit that lured … Continue reading →

Posted in Economics, National Real Estate | 271 Comments

Weekend Open Discussion

Posted on November 22, 2009 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 | 42 Comments

1 out of 7 NJ mortgages in trouble

Posted on November 19, 2009 by grim

From the Record: N.J. troubled mortgages grow to 14.5% As unemployed homeowners struggled to pay their mortgages, the percentage of New Jersey loans in foreclosure or at least a month behind on payments hit 14.5 percent in the third quarter, … Continue reading →

Posted in Housing Bubble, New Jersey Real Estate, Risky Lending | 384 Comments

NJ housing and economic recovery not so clear

Posted on November 19, 2009 by grim

From the Star Ledger: Economic Indicators point to an uneven housing recovery As the New Jersey real estate market tries to get its footing back, more evidence was released this week showing the terrain is uneven. New home building in … Continue reading →

Posted in Economics, New Jersey Real Estate | 192 Comments

“Delinquency rates are rising and expected to peak at record levels.”

Posted on November 18, 2009 by grim

From the WSJ: Mortgage-Delinquency Rate Rose to New High in 3rd Quarter Mortgage delinquencies rose for the 11th straight time to a new high in the third quarter, although the rate of increase again relaxed a bit, credit information company … Continue reading →

Posted in National Real Estate, Risky Lending | 287 Comments

Third time is a charm

Posted on November 17, 2009 by grim

From the WSJ: Trump Abandons Casino-Control Bid Donald Trump, whose name is synonymous with Atlantic City gambling, abandoned his bid to regain control of the three New Jersey casinos that bear his name. He and his daughter Ivanka Trump reached … Continue reading →

Posted in New Jersey Real Estate | 21 Comments

Passaic, Hudson Unemployment Top North Jersey

Posted on November 17, 2009 by grim

From the Record: Passaic County jobless rate hit 11.7% in Sept. Passaic County’s unemployment rate of 11.7 percent in September was the highest in New Jersey, and the second highest in the New York area, federal figures released Monday show. … Continue reading →

Posted in Economics, New Jersey Real Estate | 210 Comments

“If it wasn’t going to happen here, I wonder if it’s going to happen anywhere”

Posted on November 16, 2009 by grim

From the Daily Record: Getting together in the Chesters? A bit of New Jersey history has a chance to be made in Chester Borough and Chester Township. If all goes according to plan, residents in both towns will vote next … Continue reading →

Posted in Economics, New Jersey Real Estate, Politics | 166 Comments