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Monthly Archives: February 2010
Snowmageddon Open Discussion
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
772 Comments
What Recovery? New Home Sales Dive.
From the Wall Street Journal: New Home Sales Plunge to ’63 Levels Sales of new single-family homes plunged last month, underscoring the fragility in the housing market. Sales dropped 11.2% in January from a month earlier to a seasonally adjusted … Continue reading
Posted in National Real Estate, New Development
431 Comments
NY metro home prices fell 6.3% in December
From the Star Ledger: Home prices still fall in the N.Y. region Housing prices in the New York metropolitan area dropped for the fourth consecutive month in December, according to data released today. Nationwide, prices in the 20 cities that … Continue reading
Shore rentals in demand for the Summer of ’10
From the NY Daily News: Want to roll in Snooki’s sheets? ‘Jersey Shore’s’ Seaside Heights, N.J., house is $1,800 a night How about a roll in Snooki’s sheets? For $1,800 a night, you can grace the ground zero of Guido … Continue reading
Posted in Humor
507 Comments
Suck it up, sellers.
From the NY Times: Dry Your Eyes and Lower the Price NEVER in all his 17 years selling real estate has Mark Seiden gone through as many boxes of tissues as he has in the past 12 months. It’s not … Continue reading
Posted in Economics, National Real Estate
1,368 Comments
Weekend Open Discussion
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
504 Comments
“I’m not going to spend this state further into debt and I’m not going to tell you a happy story…”
From the Star Ledger: Gov. Chris Christie warns N.J. districts school aid could be cut 15 percent in next budget With school districts still reeling from the midyear budget cuts he announced last week, Gov. Chris Christie said today he … Continue reading
Posted in New Jersey Real Estate, Politics, Property Taxes
619 Comments
Four year recovery?
From the Star Ledger: Rutgers report: job loss recovery will take at least 4 years With the recession in the rearview mirror, this decade will be known as the Great Reckoning as the economy tries to recover from massive job … Continue reading
Posted in Economics, New Jersey Real Estate
520 Comments
A closer look inside short sales
From the Star Ledger: The long and short of short-selling homes But Goldie Sommer, a real estate attorney and agent, said there is no reason why anyone can’t navigate a short sale. Sommer, a principal at Fairfield-based Sommer and Engelhart, … Continue reading
Posted in Economics, Foreclosures, New Jersey Real Estate
453 Comments
Tuesday Open Discussion
Open discussion, flying down to Nashville this morning. You know the drill, keep it clean.
Posted in General
450 Comments
Paying homeowners to stay homeowners
From Default Servicing News: Company Proposes Paying Homeowners Not to Walk Away With tumbling property values leaving nearly a quarter of borrowers owing more on their mortgage than the home is worth, some may find it tempting to walk away … Continue reading
Posted in Economics, National Real Estate
417 Comments
Property tax rebate fraud? I’m shocked!
From the AP: Audit exposes NJ property tax program flaws Lax oversight, confusing rules and potential fraud have combined to cost New Jersey millions each year in rebates and tax deductions given to homeowners who may not qualify for them, … Continue reading
Posted in New Jersey Real Estate, Property Taxes
735 Comments
New Jersey Q4 Home Sales Up, Prices Down
From the Record: North Jersey home prices down 5.5% in fourth quarter 2009, to median $434,000 The housing market’s steep price slide appears to be slowing, according to data released Thursday by the National Association of Realtors. The median price … Continue reading
Posted in Economics, New Jersey Real Estate
434 Comments
Citi offers cash for keys
From the WSJ: Citi Pushes Foreclosure Alternative Mortgage lenders are trying to arrange smoother departures for distressed homeowners who can’t be saved by loan modifications–and discourage them from trashing the homes on their way out. CitiMortgage, a unit of Citigroup … Continue reading
Posted in Housing Bubble, National Real Estate
680 Comments
Out of the factories and onto the roadways, we’re all pavers now.
From NJBiz: Report: N.J. industrial jobs down 6.4 percent since recession start Manufacturers’ News Inc. released a report Tuesday showing industrial jobs have shrunk by 6.4 percent in the Garden State since the start of the recession. The 2010 New … Continue reading
Posted in Economics
507 Comments