Prices, inventory weigh on home sales, but still up year over year

From Bloomberg:

Sales of Existing U.S. Homes Fall From Second-Highest Since 2007

Sales of previously owned U.S. homes retreated in October from the second-highest level since 2007 as lean inventory limited momentum in residential real estate.

Closings, which usually take place a month or two after a contract is signed, dropped 3.4 percent to a 5.36 million annual rate, the National Association of Realtors reported Monday. Prices increased compared with October 2014 as the number of dwellings on the market decreased.

A limited supply of available properties, particularly more affordable homes, has made for a slow and steady recovery in residential real estate. At the same time, steady employment growth, rising rents and low borrowing costs are bolstering prospects for the market.

“Unless supply catches up, there will still be problems on the price side,” said Xiao Cui, an economist at Credit Suisse in New York. “We think that job growth and earnings growth have been promising this year and should help affordability.”

The median forecast of 71 economists surveyed by Bloomberg called for sales at a 5.4 million annual rate. Estimates ranged from 5.09 million to 5.6 million. September’s pace was unrevised at 5.55 million, the second-fastest rate since February 2007.
Compared with a year earlier, purchases increased 0.9 percent in October before adjusting for seasonal variations.

The median price of an existing home rose 5.8 percent from October 2014 to $219,600. The appreciation was led by an 8 percent year-to-year advance in the West.

Prices have been bolstered by a dearth of supply on the market. The number of previously owned homes for sale dropped 2.3 percent in October from a month earlier to 2.14 million, the fewest since March.

Purchases declined in three of four regions, led by an 8.7 percent drop in the West, the Realtors’ data show. They were unchanged in the Northeast.

This entry was posted in Economics, Housing Recovery, National Real Estate. Bookmark the permalink.

91 Responses to Prices, inventory weigh on home sales, but still up year over year

  1. leftwing says:

    First. With nuthin’ to say about anything.

    Except that I went to visit my family yesterday. Had an elderly woman run a light right in front of me, would have T-Boned me except for the Mustang that was in the lane closer. With a young couple, pregnant. Direct hit on the passenger side.

    Fcuk Allergan-Pfizer.

    Appreciate what you have this holiday season.

  2. anon (the good one) says:

    leftwing says:
    November 24, 2015 at 6:27 am

    “Had an elderly woman run a light right in front of me”

    those over 70 should be retested every yr till iCar gets here

    “Direct hit on the passenger side.”

    humanity will be car accident free next decade once iCar gets here

    “Appreciate what you have this holiday season.”

    indeed

  3. anon (the good one) says:

    @BBCBreaking:

    Shooting down of Russian jet will have “serious consequences” for Moscow’s relations with Turkey

    – Vladimir Putin

  4. Juice Box says:

    Wow Turkey means business, shot down a Russian MIG.

  5. Juice Box says:

    Putin added this provocative comment at the end of his statement.

    Do they want to make Nato serve ISIS? I understand that every state has its own regional interests and we’ve always respected that, but we will never allow the kind of crime that happened to today to take place. And of course we hope that the international community will find the strength to come together and fight against the common evil.

  6. anon (the good one) says:

    @markmackinnon:
    Putin now accusing Turkey of accepting oil from, financing Islamic State.

  7. The Great Pumpkin says:

    Nom, I honestly agree with what you say. Free trade is optimum and most efficient way of conducting trade on a globalized scale. My problem, everyone acts like it’s free trade, when it’s not at all. Every country has protectionist measures. In order for free market principles to work, everyone has to be on the same page. Playing by the same rules. That’s my problem with free trade, it’s not really free trade at all. So do you continue to practice free trade with countries that are only free trade in name (you lose under these conditions), or do the same thing and protect your own market? Yes, both of these options leave the economy in worse shape than if we just eliminated all trade barriers, but I highly doubt countries are going to eliminate trade barriers, so why should we?

    Comrade Nom Deplume, hoping NJ Transit doesn’t crater says:
    November 23, 2015 at 10:34 pm
    [37] Joyce

    Imagine if certain products suddenly aren’t imported. Not just BMWs but food, toys, clothes. Scarcity affects prices

    Over time, domestic production will ramp up. But your choices are limited, quality is iffy, and the aforementioned price imbalance isn’t fully corrected.

    Increased domestic production will be fought by, of all people, the left. Enviros will fight new development tooth and nail.

    And we don’t replicate the 50s. We will no longer sell to the world; the world can get it elsewhere and foreign capital will help those who aren’t producing for themselves.

    Speaking of foreign capital, or FDI, that will take a huge hit. Lots of horrible a attend from that.

    Now, this won’t be absolute, but even marginal changes will be felt. And the greater the marginal change, the greater the effects. And this is just the view from 25,000 feet. Up close, I predict strife and dislocation similar to the rust belt happening but in a much compressed timeframe.

    Comrade Nom Deplume, hoping NJ Transit doesn’t crater says:
    November 23, 2015 at 10:38 pm
    And , pumpkin, avoiding taxes isn’t illegal.

    But impose new rules. See what happens. For every reaction, there is an equal and opposite reaction.

  8. yome says:

    3rd qtr GDP 2.1 from 1.5

  9. yome says:

    Home prices picked up speed in September, according to the closely-watched S&P/Case-Shiller index. Its 20-city composite index rose 0.2% in the three months ending in September. Prices rose 5.5% for the year, up from a 5.1% yearly gain in August. Three cities – San Francisco, Denver, and Portland – saw double-digit yearly gains in the three months ending in September. The index is still about 12% lower than its 2006 peak.

  10. Comrade Nom Deplume, still fcuking around at work says:

    [7] pumpkin

    we do have protectionism, we just have it in very indirect ways, from regulations that aren’t directly protectionist but pose barriers to entry, to selective enforcement akin to the referees calling offensive holding on every play to slow down a team.

    Right now, these measures are muted, protect various industries but not most, and are susceptible to workarounds, some of which are intended by policymakers (e.g., making % of foreign cars here).

    One thing that people don’t get, or don’t care about, is that at the highest levels, governments pick winners and losers. High value mfg is protected–autos, Boeing, shipbuilding, major infrastructure components, technology–but lower level, less-skilled mfg has been thrown under the bus. Policymakers envisioned a worldwide consensus where certain countries made certain goods and other countries did not compete internationally with them. That sort of gentlemans’ agreement can’t be codified because it is blatant restraint of trade, and nonagreeing nations will eventually be able to compete.

    Perhaps, once all nations have more or less equal abilities to service their populations within their own borders, those trade walls will go up, economies will be closed, and only goods not capable of being produced everywhere will be traded. But those will be ag and commodities only.

  11. Juice Box says:

    Yikes, both pilots ejected and were killed while still in their parachutes.

    Resuce helicopter sent was also shot down.

    “Syrian fighters fired at a Russian helicopter forcing it to make an emergency landing in a nearby government-held area in Syria’s Latakia province on Tuesday, the Syrian Observatory for Human Rights said.

    A Syrian insurgent group, recipient of U.S. Tow missiles, said its fighters hit the helicopter with an anti-tank missile.”

  12. Comrade Nom Deplume, still fcuking around at work says:

    [7] pumps,

    And how free is our own trade policy? We protect musicians and filmakers much more than we protect pharmaceuticals. Artists get royalty rights that extend well beyond their lives while a pharmaceutical gets something like 15 years and the gov actively encourages infringement. So is it any wonder that the economics have developed the way they have?

    BTW, here’s a thought for those who basically want the pharmas to be public utilities: R&D would revert exclusively to government and universities but who gets the “rent” from a discovery? If UPenn develops a breakthrough drug, does anyone expect that they will just give it away? I don’t.

    And as for the manufacturer, the aforementioned pharma-cum-utility, all they do is make what the gov tells them to make. Their revenue is now capped so their profit comes from what they wring out in costs. So, being cost-sensitive, where do you think they will locate? Ask yourself where drugs are manufactured now–it isn’t really NJ much anymore. Look at vaccinces–those are largely made elsewhere and the government had to introduce tort reform to keep mfgrs from dropping them altogether.

    And once overseas, whether from a lack of patent protection or rampant infringement, they will sell those NIH-developed drugs to foreign markets and what will the USG see in tax revenue from those sales? I’m guessing zero.

    Be careful what you wish for.

  13. Comrade Nom Deplume, still fcuking around at work says:

    anyway, reprint of the day before I descend into the salt mine.

    “Federal regulators on Friday proposed potential solutions to some of the Obamacare problems that led UnitedHealth Group to warn it may exit the health exchanges in 2017, but the government also may make it tougher for insurers to limit the number of doctors and hospitals in their plan networks.

    The proposal from the Centers for Medicare and Medicaid Services would reduce insurers’ administrative costs, maintain fee levels and improve the accuracy of a payment formula designed to minimize insurers’ risks when taking on new customers.
    “The Obama administration has to stabilize this market if they want there to be an individual insurance market in this country five years from now,” says Dan Mendelson, president of consulting firm Avalere Health, which has more than a dozen insurance clients.

    Friday’s proposal doesn’t make clear whether the administration is committed to doing so, Mendelson said, but it does show the administration can act without turning to Congress.

    UnitedHealth said Thursday that it expected to lose hundreds of millions of dollars on plans on the Affordable Care Act exchanges in the fourth quarter — a startling admission from the largest insurance company in the U.S.

    Aetna had already said it was losing money on the exchanges and Friday joined UnitedHealth in lamenting the financial hit it takes when people enroll during the law’s special periods and then drop their insurance after they receive health services. . . .”

    Whoodathunkit?

  14. joyce says:

    “they will sell those NIH-developed drugs to foreign markets”

    They already do that today, at a reduced price.

  15. Juice Box says:

    re: #14 – Buy now and don’t even bother to pay later just cancel the policy.

    “An expensive risk pool that lacks the younger and healthier consumers who are supposed to buy overpriced plans to cross-subsidize everyone else. Enrollment growth continues to lag. People join the exchanges before they incur large medical expenses—insurers are required under ObamaCare to cover anyone who applies—and then drop out after they receive care. The collapse of the ObamaCare co-ops is recoiling through the market.”

  16. Libturd in Union says:

    “They already do that today, at a reduced price.”

    They sure do. I’m always astounded by how cheap pharmaceuticals are in foreign countries. And they’ll sell them one at a time if desired.

  17. The Great Pumpkin says:

    10,14- Nom, good write ups. I blame human nature for ruining anything and everything when it comes to economics. Always someone trying to pull a fast one and get over on the rest. Economics are built on principles that must be accepted by everyone in order for them to work. Individuals must understand that when they try to get over on the system, they leave wide swaths of destruction with their actions. That’s why if countries want to talk free trade, it must be applied across the board. You can’t have a bunch of countries claiming free trade and in the background, they are secretly setting up protective measures. This is pointless and this is exactly what is happening with free trade. Doing more harm than good, because people are only “free trade” in “talk”. Thank you again for the well written write-ups.

  18. Fast Eddie says:

    People join the exchanges before they incur large medical expenses—insurers are required under ObamaCare to cover anyone who applies—and then drop out after they receive care.

    His legacy will be that of the worst president in the history of our nation. He will be known as the administration that ushered in the decline of America. When we needed a leader to stop the blood loss, he exacerbated it.

  19. Libturd in Union says:

    Black lives matter!

  20. phoenix1 says:

    Grandfathered drivers license…….

    “Had an elderly woman run a light right in front of me, would have T-Boned me except for the Mustang that was in the lane closer. With a young couple, pregnant. Direct hit on the passenger side.”

  21. Fast Eddie says:

    When I say the term “blood loss” what I mean is that we have become a weakened nation in the eyes of the world as well as within. He became an apparent symbol of hope when this country most needed it and in return, he catered to his own narcissistic demands and failed to acknowledge the nation as a whole. He’s short-sighted, arrogant, ignorant and severely lacking any creative vision.

  22. Marilyn says:

    Looked at a friends new address and its in a town called Beechwood, NJ. Did not know where that is so looked it up on Zillow. Why is every house there in pre foreclosure or foreclosure?

  23. Libturd in Union says:

    “He’s short-sighted, arrogant, ignorant and severely lacking any creative vision.”

    I wouldn’t disagree with you here. He pretty much toed the party line. Did everything possible to maintain Dem power in the white house and did it quite well. Though if your idea of creativity is removing Saddam from Iraq and creating a power vacuum to be filled with terroristic regimes whose idea of democracy is creating a Sharia state with less freedoms than under Saddam. Then, I’d take a lack of creative vision any day. Really. If you look at the collective mess made by Bush/Rumsfeld/Cheney. All of Obama’s blunders are a drop in the bucket when compared. Expecting Hilary to continue the legacy of maintaining Dem power by continuing to destroy the middle class while claiming to be helping them. Trump? Come on now.

  24. Libturd in Union says:

    Beechwood is one of those poor shore towns. Like Bayville or Keansburg. Houses and taxes are cheap. But schools are a mess, but little league/pop warner teams are awesome.

  25. Libturd in Union says:

    Though a Trump/Hilary debate would be priceless. Bernie vs. Trump would be awesome because Bernie won’t fall for Trump’s rabble rousing. Hilary will most likely stumble endlessly right into the white house.

  26. Marilyn says:

    26, thanks

  27. Ragnar says:

    Turkey now the weak link in NATO. Wonder what their goal was. This is what happens with a totally disengaged president who insists on believing that he has a policy that’s working. Maybe Obama wants to end NATO anyway, and just focus on lecturing Americans on their faults.
    My wife asked me if I thought Obama was a spy embedded by someone to damage the US. I said, “yes, a spy from Harvard”.

  28. phoenix1 says:

    25 Agreed.

  29. Libturd in Union says:

    Interesting but expected survey results Phoenix1. In light of the strengthening popularity and increasing ruthlessness of ISIS, I would be wary to cut military expenses. Social security? Good luck. Education…that’s already been permanently damaged by easy money. Job creation? That’s the low hanging fruit IMO. The government should create jobs. The private sector can do that all on their own…if they are allowed to.

  30. phoenix1 says:

    Obama got elected mainly for these reasons-healthcare, Social Security, Medicare.
    The dividing line was age and entitlements. If there is a conflict, which age group wants “boots on the ground” more than any other age group?

  31. Fast Eddie says:

    I certainly wouldn’t defend the decision to go into Iraq and really don’t know why it was a consideration. Although, you can ask the Dems including Hillary why they supported it. However, this guy occupying the White House has a domestic and foreign policy record that has done nothing… nothing to advance or strengthen our position are enhance us as a country in any manner whatsoever. Bush isn’t the president any longer. Sotero had a chance to belly up and be a leader. He’s been anything but a leader and his message is and continues to be a clouded, jaded mess of pessimism and blame.

  32. Fast Eddie says:

    I went to my Aunts wake in Bayville last week. Driving down route 9 from exit 80 through Beachwood is the like driving through the poorest and most rural areas of Georgia. It was raining and was infinitely more depressing than the wake itself. I bought my first house in that area and after two years, I was on the verge of wanting to commit suicide. It’s where culture goes to die.

  33. phoenix1 says:

    32. Now you have to fund it if you want it, or add it to the deficit. Wonder which age group doesn’t mind adding to the deficit aka credit card they are never going to pay, all the while asking for a tax break. The chart below shows where the money is, grab both ends of the towel and wring it out to pay for increased military spending. After all, that same group is the one that votes more than any other group..

    http://www.demos.org/blog/9/8/14/wealth-distributed-extremely-unevenly-within-every-age-group

    ” In light of the strengthening popularity and increasing ruthlessness of ISIS, I would be wary to cut military expenses.”

  34. Libturd in Union says:

    Really, the red team needs to reinvent itself. It has gotten to the point that they feel they must take the opposite position to everything the blue team does, even when it makes no sense. Gay marriage? Come on. Who cares. Immigration? It’s what makes America so great. Healthcare? Socialized healthcare is only OK for old people (the few people who still vote for them). Abortion? No one except Christian extremists want to overturn Roe V. Wade. Each subsequent generation is more progressive than the prior. Yet the red team continues to embrace so-called conservatism. Yet once in office, they act like the blue team. So really, it doesn’t matter. But watching the red team cheer for Trump, whose only real accomplishment is turning a silver spoon into a large silver soup ladle, through the abuse of bankruptcy laws, is really hard to swallow. Especially the recent embracing of the tea party folk. I applaud their patriotism, but everything else is ass backwards.

  35. phoenix1 says:

    32 Libturd,
    I watch the adults complain about the children of today.
    Are they the ones that caused any of the issues you mentioned?
    Nope. And if adults don’t like the children of today, they only have themselves to blame.
    The children are a product of their environment. The environment created by adults….

  36. NJT says:

    Marilyn (#23). Thanks for making me laugh! (I needed it).

    “…in a town called Beechwood, NJ”.

    Beechwood 4-5-7-8-9… Anyone remember that song? I’d bet that’s what inspired the ‘Jenny’ (8675-309) single. No more…(youz won’t beleive it). :).

  37. Libturd in Union says:

    “Now you have to fund it if you want it.”

    I want it, the vast majority wants it, but our government is too bought to actually do something about the income gap. Everyone says climate change is the biggest issue facing the world today. I say it’s the income gap. And it’s not a partisan issue, though the wealthy tend to vote Republican for the Dems tend to spend a little more on the lower class (for the votes). In the end, they both rape the middle class.

  38. Libturd in Union says:

    Gary,

    Your description of Beechwood is really on par. That stretch between the GSP and Route 9 is truly scary. Those homes resemble sheds more than cape cods. I dated a girl from Bayville for a few years when I was in college. Dad worked for Verizon on the poles and mother was a nurse at Ocean Memorial. Their oldest son joined the military out of high school. A true American family. Dad kicked the dog regularly, school only mattered for the girls and they couldn’t save enough for a pot to p1ss in. All drove American cars and listened to country.

  39. phoenix1 says:

    I agree, the income gap is a problem. The data pointing to the cause of it is also available. Question is, was this an accident or done on purpose? The same people crying about the illegals were the same ones hiring them – when they were done using them they didn’t want them anymore. Funny thing now is they are returning over the border by themselves as there is no longer any work for them here, no fence or wall necessary.
    How many were convicted of hiring illegals-almost none….

  40. Libturd in Union says:

    Easier link to clip.

    http://tinyurl.com/Garys-first-house

    Seriously, I just zoomed in on Google maps, to a random road in Beachwood. This was the first home to come up.

  41. D-FENS says:

    The developed world’s workforce will start to decline next year, threatening future global growth

    http://www.wsj.com/articles/how-demographics-rule-the-global-economy-1448203724

    Ever since the global financial crisis, economists have groped for reasons to explain why growth in the U.S. and abroad has repeatedly disappointed, citing everything from fiscal austerity to the euro meltdown. They are now coming to realize that one of the stiffest headwinds is also one of the hardest to overcome: demographics.

    Next year, the world’s advanced economies will reach a critical milestone. For the first time since 1950, their combined working-age population will decline, according to United Nations projections, and by 2050 it will shrink 5%. The ranks of workers will also fall in key emerging markets, such as China and Russia. At the same time the share of these countries’ population over 65 will skyrocket.

    Previous generations fretted about the world having too many people. Today’s problem is too few.

    This reflects two long-established trends: lengthening lifespans and declining fertility. Yet many of the economic consequences are only now apparent. Simply put, companies are running out of workers, customers or both. In either case, economic growth suffers. As a population ages, what people buy also changes, shifting more demand toward services such as health care and away from durable goods such as cars.

    Snip…

    Among rich countries, the U.S. remains demographically fortunate: Its working-age population should grow 10% by 2050. But it will still shrink as a share of total population from 66% to 60%. The demographic drag on growth, in other words, will last decades.

  42. phoenix1 says:

    Russian pilot killed by rebels, Russian rescue helicopter shot by U.S. Tow missile.

    “I’d like to teach the world to sing, in perfect harmony”

    https://www.youtube.com/watch?v=wlR0KElxxVg

  43. anon (the good one) says:

    are you trying to evidence her idiocy, or what’s your point by quoting her?

    Ragnar says:
    November 24, 2015 at 11:12 am

    My wife asked me if I thought Obama was a spy embedded by someone to damage the US.

  44. D-FENS says:

    47 – Some days I wonder if that’s true about Trump.

  45. phoenix1 says:

    D-FENS,
    It is not so much about Trump- dude is on his own planet. The bizarre thing is that he looks like the BEST candidate. It’s like voting for the waterboy to be the MVP of the game….

  46. NJGator says:

    More of your tax dollars well spent.

    Retired cop gets $527K settlement in whisteblower suit, report says

    TINTON FALLS — A former police officer who tipped off the county prosecutor about another cop’s alleged theft of water has settled his whistleblower lawsuit against the borough for $527,5000, a report says.

    Former Lt. Kevin Pierson, 46, said he was harassed and repeatedly passed over for overtime after reporting that then-Sgt. David Scrivanic placed a device on his water pipes to “divert water for his personal use without charge,” according to the suit.

    The news was first reported by NJ Civil Settlements, which provides a partial list of settlements paid by New Jersey government agencies and their insurers to those who have sued them.

    The suit goes on to say that Tinton Falls police filed insubordination and other internal affairs charges against Pierson after learning he contacted the Monmouth County Prosecutor’s Office. Though police brass dropped the disciplinary charges when the prosecutor’s office threatened to take over the department’s internal affairs unit, they ramped up their harassment of Pierson, according to the suit.

    Pierson also alleged that his brother Craig Pierson, also a borough cop, was harassed and passed over for promotions.

    David Scrivanic is now a captain, while his brother John Scrivanic has since been promoted to chief of police. The former chief also accused of harassing Kevin Pierson, Gerald M. Turing, has been the mayor of Tinton Falls since January 2014.

    Pierson, of Monmouth Beach, agreed to retire in August 2014 and accept one of the written reprimands. He was paid $157,500 in 2013, the last full year he worked, according to public records.

    In agreeing to the settlement, Tinton Falls doesn’t admit wrongdoing.

    http://www.nj.com/monmouth/index.ssf/2015/11/retired_cop_gets_527k_settlement_in_whisteblower_s.html?ath=f726b0d853a5870fcb62a5fc7e195e19#cmpid=nsltr_strybutton

  47. Libturd in Union says:

    Marco Rubio appealed the most to me as least party line guy and someone who thinks for himself. Though, he’s kind of like Biden in that when he speaks off the cuff, he says stupid things. Trump does the same thing, but we give him a pass since he’s not really a politician. It’s funny how these things work.

  48. joyce says:

    VIDEOS SHOW MAN IN PATERSON WIELDING GUN, CLAIMING TO BE COP
    http://abc7ny.com/news/videos-show-man-in-paterson-wielding-gun-claiming-to-be-cop/1008391/

    Questions abound after videos surfaced of a man claiming to be a cop, waving a gun and even kicking a man on the ground in New Jersey. Police are not saying much about the videos, but the man’s family says he was just defending his son.

    But those who were at the scene have a different story.

    “All I seen was this guy comes with his gun, pointing at people, innocent people,” a witness said.

  49. daddyo says:

    It is not so much about Trump- dude is on his own planet. The bizarre thing is that he looks like the BEST candidate. It’s like voting for the waterboy to be the MVP of the game….

    —————–

    If it was a Rutgers game, you probably wouldn’t be wrong.

  50. Libturd in Union says:

    “Millburn is #1”

    Go rich white people!

  51. D-FENS says:

    For your amusement…

    Man tries to put out garbage fire by driving over it in a van loaded with ammunition

    Read more here: http://www.kansascity.com/news/local/article39003903.html#storylink=cpy

  52. NJT says:

    #49 – GO GUNGA DIN!

  53. Fast Eddie says:

    School Rankings: I was talking to a cousin at a family function over the weekend who is a high school teacher here in North Jersey. My cousin pretty much confirmed what we already know; the kids coming out of parochial schools are much better prepared and have superior writing skills to those of public school systems overall. He basically said that he can’t give writing assignments because too many public school products can’t write. His advice was to send your kids to parochial schools as the public schools are just pushing kids through in order to sustain their status.

  54. NJT says:

    More (re: Trump/Gunga Din):

    “The poem was published as one of the set of martial poems called the BARRACK-Room Ballads.”…

    TOO funny! Proof that history rhymes! :).

  55. Ben says:

    School Rankings: I was talking to a cousin at a family function over the weekend who is a high school teacher here in North Jersey. My cousin pretty much confirmed what we already know; the kids coming out of parochial schools are much better prepared and have superior writing skills to those of public school systems overall. He basically said that he can’t give writing assignments because too many public school products can’t write. His advice was to send your kids to parochial schools as the public schools are just pushing kids through in order to sustain their status.

    It’s true for Writing, not so much for Math and Science. For whatever reason, private schools are able to get decent English and History teachers. They can’t get decent Math/Science teachers.

    But at the same time, a lot of that has to do with the private tutoring those type of kids get as well. One of my former colleagues tutors about a dozen private school kids in writing. People who send their kids to public school usually don’t have that luxury.

    I have no idea where your cousin teachers but if your child is a good student, he or she is taking AP courses Junior and Senior year and most likely getting a great education. The bottom 10% is pushed through. I’m 100% confident that my students in public school would wipe the floor consistently with any private school in this state in both Math and Science.

  56. joyce says:

    In parochial school, they diagram sentences all day long.

  57. NJT says:

    #63 – I hated doing that and the Penguins’ yardstick. YOW!

  58. A Home Buyer says:

    62 – Ben

    Don’t you also teach in one of the best school district’s in the state, teaching Advanced Placement none the less, and have repeatedly demonstrated that you are also in the upper echelon of teachers when it comes to dedication, quality, and subject matter aptitude?

    Is that really a fair comparison to make to say the average private school is thus inferior in Math and Science? If every teacher was like you, if even the majority of teachers were like you… would this discussion be happening?

  59. Libturd in Union says:

    If every teacher was like Ben, there would be no private schools.

  60. Fast Eddie says:

    I’m 100% confident that my students in public school would wipe the floor consistently with any private school in this state in both Math and Science.

    Ok. All I know is that I had Histology, Physics and Elementary Functions in my junior/senior year as a Parochial School student and just getting by wasn’t an option.

  61. chicagofinance says:

    My wife student taught at Johnson Park

    Juice Box says:
    November 24, 2015 at 12:56 pm
    Millburn is #1

    https://k12.niche.com/rankings/public-elementary-schools/best-overall/

  62. Libturd in Union says:

    “My wife student”

    That’s hot!

  63. joyce says:

    Gary,
    Comparing what you did however many years ago is one of the least relevant things to bring up.

  64. Fast Eddie says:

    joyce,

    And I thought I was relevant. ;)

  65. Libturd in Union says:

    If it makes you feel better. You were relevant in 1978.

  66. Fast Eddie says:

    Lol! :)

  67. joyce says:

    who doesn’t love censorship

  68. Hughesrep says:

    Wouldn’t it make more sense to compare parochial school students to those at the magnet schools like Monmouth Tech? They both get to pick their students.

    I know nothing of parochial schools. I was only a Catholic until the age of reason. In my case about seven.

  69. The Original NJ ExPat says:

    The RE prices in Boston are so high that 2005-2007 pricing would be a bargain. Glad we bought in 2002. Unlike NJ, our taxes are still a bargain.

  70. The Original NJ ExPat says:

    I don’t know if I’ve said it here or not, but I’ve told a lot of friends that the only way Islam will ever be straightened out is by women who are or who have been inside. This looks like a great first step. BTW, it made me think of Bergen County when I read this part:

    “This is called cocooning, a practice whereby Muslim immigrants BC residents attempt to wall off outside influences, permitting only an Islamic BC education for their children and disengaging from the wider non-Muslim NJ community.”

    (hint to those who don’t have a WSJ subscription, just Google “Why Islam Needs a Reformation”, click on the WSJ link that Google coughs up, and you will be able to read the whole article.

    I think this is brilliant:

    http://www.wsj.com/articles/a-reformation-for-islam-1426859626

  71. Ben says:

    Ok. All I know is that I had Histology, Physics and Elementary Functions in my junior/senior year as a Parochial School student and just getting by wasn’t an option.

    No doubt. But my students have taken first place in the state in NJ science leagues and Merck exams annually. They even crush the magnet schools in Monmouth County. That doesn’t happen if they are simply getting pushed through. Most of them enter college with more knowledge than a freshman or sophomore science/engineering major.

  72. Ben says:

    Don’t you also teach in one of the best school district’s in the state, teaching Advanced Placement none the less, and have repeatedly demonstrated that you are also in the upper echelon of teachers when it comes to dedication, quality, and subject matter aptitude?

    Is that really a fair comparison to make to say the average private school is thus inferior in Math and Science? If every teacher was like you, if even the majority of teachers were like you… would this discussion be happening?

    You bring up fair points. But, lemme just say this. Some of the least dedicated teachers I know who fizzled out of public school ended up teaching private. It’s actually offensive that they consider their job teaching. It’s a complete joke.

    You might also bring in their calendars. Pingry is out of school by May, a full month ahead of the publics. I’ve seen my fair share of both and the public school teachers are better in NJ (out of state, this is obviously not the case). It’s not a coincidence. Private schools are paying as low as 25k a year. What competent person is going to work at private school when a 21 year old teacher in public school starts out at 40k?

    And to be honest, we would still be having this discussion either way. It doesn’t matter how good you are in this industry, it will never been enough for some people to be satisfied. In fact, despite the fact that my previous district was often ranked the top high school, a significant portion of the community viewed us with complete disdain.

  73. Now Spanky, be reasonable says:

    Ayaan Hirsi Ali is brilliant and an outlier. She came from a wealthy familyand is highly educated, unlike the majority of Muslim women who support their own oppression.

  74. Juice Box says:

    re: # 68 – A friend teaches at Glenwood, they are ecstatic about the rating and know the taxes in Millburn, they don’t expect an influx of new number of students, as in anything not nailed down and will be bought up by families with a a bakers dozen of kids, although I am sure Sue Adler and crew will make it a talking point. Kids there aren’t special in my humble opinion, they have parents like pretty much all of us here and put in the time like we all do, they are simply enlightened enough to care.

    I will however mention the cluster effect of higher learning as outlined by our esteemed AP teacher Ben. Your kids might be better off being the valedictorian in Bayonne as to being top 10 in one of these top schools.

    Question for Ben is when should they move to Bayonne? Senior year or before?

  75. Juice Box says:

    re: # 80 – “It doesn’t matter how good you are in this industry”.

    Tell that to the two family and friends I know who are on the track for Superintendent. Both are great in many many ways by the way. We don’t see too many people in the private sector like them.

  76. Juice Box says:

    Joyce do you have cops in the family?

  77. Joyce says:

    All it will take is someone (such as the local ACLU) to sue and at the minimum taxpayer money will be wasted on legal fees and this loser sheriff will not be held personally responsible.
    ——
    In an effort to “stir people’s belief and patriotism,” Harris County Sheriff Mike Jolley posted a new sign Tuesday morning outside of his department that says his county is politically incorrect, and if you have a problem with that, you can leave.

    Paid for by Jolley, the sign reads: “WARNING: Harris County is politically incorrect. We say: Merry Christmas, God Bless America and In God We Trust. We salute our troops and our flag. If this offends you… LEAVE!”

    Jolly said Tuesday he was tired of the silent majority becoming “more silent.”

    “It’s time for the silent majority to stand up for our beliefs and not be ashamed,” he said.

    http://www.ledger-enquirer.com/news/local/article46241055.html#storylink=cpy

  78. Joyce says:

    Yes, one.

  79. Ben says:

    Question for Ben is when should they move to Bayonne? Senior year or before?

    Gotta do it Freshman year. The school will screw you over if you transfer in GPA wise. They don’t know how to weigh the courses (this is done by the guidance dept) when you transfer over so they just kinda make it up. My best student ever moved over from China junior year. She was light years ahead of everyone. They converted her advanced classes to regular credit and she didn’t even make the top 50.

    But yes, you are better off as the valedictorian of Bayonne over being #10 in Millburn.

  80. Ben says:

    Tell that to the two family and friends I know who are on the track for Superintendent. Both are great in many many ways by the way. We don’t see too many people in the private sector like them.

    Listen, this industry is littered with phenomenal people. Working in this field, I’ve met the most amazing people that are truly gifted and fully dedicated. I’m sure your friends are as well. It doesn’t matter. When they become super, there will still be plenty of people in the community that hate them.

  81. Niti Sharma says:

    Thanks for sharing the useful information

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