Better move fast

From NJ 1015:

Homes are selling fastest in these two NJ counties

It’s like a Six Flags Great Adventure ride that never ends. One without too many lows that keeps just bringing you higher and higher into the clouds. Well, as far as price anyway.

That’s what New Jersey’s real estate market is like. Buyers want to get off the ride while sellers never want it to end.

Not only is the lack of available inventory of homes for sale affecting prices but it’s also created a situation where homes can be sold far faster than before.

When I listed my home last fall with Rob Dekanski of Remax 1st Advantage the closing took some time because of the buyer’s situation, but the actual process from day it was listed until we had a signed deal? Six days. And for thousands over asking price.

According to a story on nj.com, the statewide average is 39 days for the month of October. But keep in mind that accounts for home sales from listing to closing date or being taken off the market, not just a deal being made.

So that’s fast. But where are homes selling the fastest?

Union County
29 days

Passaic County
29 days

Morris County
31 days

Somerset County
32 days

Camden County
32 days

This entry was posted in Housing Bubble, New Jersey Real Estate. Bookmark the permalink.

93 Responses to Better move fast

  1. Hold my beer says:

    First

  2. Chicago says:

    Grrrr

  3. Phoenix says:

    Brrrr

  4. Fast Eddie says:

    Boomers make a fortune in Northern Jersey and move to the blue hair corridor. This is the only score you’re going to find. And hey, you may even have a choice of some widows aching to score in another way:

    https://www.trulia.com/home/1456-forelle-ln-toms-river-nj-08755-39576557

  5. Very Stable Genius says:

    UPDATED WED, NOV 15 2023AT 6:44 EST
    Stock futures tick higher after S&P 500 and Nasdaq post best day since April:
    Live updates

  6. Fast Eddie says:

    $46,000 down, $1,700 per month and you’re not in the ghetto. Come on, man, it’s honkytonk boomer heaven!

    https://www.trulia.com/home/263-charlotteville-dr-n-toms-river-nj-08757-39524042

  7. Hold my beer says:

    Fast

    The 2 major problems with that house are

    1). It’s in ocean county

    2). It’s in Tom’s river

  8. Hold my beer says:

    Fast

    That 2nd
    House looks like a tv set from 1979.

  9. 3b says:

    Looks like it will be another big day in the market. The Fed thought the long end was doing the heavy lifting with driving up long rates. Inflation appears to be cooling, and the market is thrilled, and long rates are heading down. Fed cuts expected next year by the market , and round and round we go. So much for sound monetary policy.

  10. Fast Eddie says:

    Beer,

    Lol. Compromises are steep sometimes.

  11. Fast Eddie says:

    3b,

    Plus side for house owners; the FED cuts, mortgage rates follow, house price increases immediately by 10%. Us boomers go to Olive Garden and get bloated on bread sticks and sulfates.

  12. grim says:

    Party time?

  13. Phoenix says:

    HMB,
    Haha.

    Well, in return, I give you a heartwarming positive relationship.

    Their eyes met when she handed him his test back. His gaze melted her heart, he knew she gave him the grade he never deserved. Her feminism so strong, she was going to make a man out of him with her caressing touch.

    The moment she knew the relationship had to end was when a couple of detectives met her at her front door.

    An educator has been arrested on rape charges after she had sex with an 11-year-old boy in a car outside of his Connecticut school.

    Alyson Cranick, 42, was charged with two first-degree counts of sexual assault and three counts of risk of injury to a minor.

    She allegedly had a two-month sexual relationship with a young boy when he was 11 and 12 years old in 2022. The incident was first reported in September 2023.

    The boy told police the two ‘had sexual intercourse in her vehicle’ at Horace Porter School – a pre-K through eight grade school – and that he ‘snuck out of his house on at least 14 occasions’ during the night to meet with Cranick.

  14. grim says:

    Mortgage demand climbs to the highest level in five weeks after interest rates move lower

    After dropping sharply the previous week, the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) remained unchanged at 7.61% last week.

    Applications to refinance a home loan increased 2% for the week and were 7% higher than the same week one year ago.

    Applications for a mortgage to purchase a home increased 3% from the previous week and were 12% lower than the same week a year ago.

  15. Phoenix says:

    One percent?
    I’m sorry, you weren’t prequalified for that MRI, payment denied.
    I’m sorry, your Ozempic isn’t in the formulary, we have switched your medication to the generic form of hexavalent chromium.

    Don’t worry, you never get something for nothing in America.

    Libturd says:
    November 14, 2023 at 2:40 pm
    Healthcare insurance is supposed to go up 1% on average this year. And yes, they backed out some healthcare costs that went into the report many years ago. Fudging the numbers is fine, as long as they tell you they are fudging it, I think. I read about it last night. At the end of the day, I don’t even know if I trust most of the numbers at all. I mean, look at who is collecting them?

  16. Phoenix says:

    Bystander says:
    November 14, 2023 at 2:10 pm
    Unreal. Any question on Fed policies and becoming Brazil?

    This year, the median age for a repeat buyer — someone who has bought a home before — was 58, according to data released Monday by the National Association of Realtors. That’s down just a smidgen from last year’s record of 59, but it’s up significantly from 36 years old in 1981, when NAR began conducting its survey.

    Here is the answer to this:

    https://youtu.be/2hekDuCBxCc?t=131

  17. 3b says:

    Party time is Right, nothing else to do!

  18. 3b says:

    Fast: prices increase 10 percent and Boomers say the young generations have it easy. They should be thrilled to give another 10 percent to these folks.

  19. Phoenix says:

    America,
    People still complaining about cell phone coverage.

    China, the “backwards” country- 5G service in a jungle in the middle of nowhere.

    That light flickering, it’s low oil pressure. Won’t be long now before the connecting rod meets the side of the block.

  20. 1987 Condo says:

    PPI: Down 5 tenths!!!!!!

  21. Phoenix says:

    1987 Condo says:
    November 15, 2023 at 8:30 am
    PPI: Down 5 tenths!!!

    All from fuel price drops.

    Went from an 8 inch di cc in the azz to a 7 inch one. Still over 3 bucks.

    WOoo HOO.

  22. Phoenix says:

    Americans will march in Washington over Israel and Palestine.

    But they sit at home and J/O while America is giving them the shaft.

  23. Chicago says:

    NJ first lady Tammy Murphy running to replace Bob Menendez in Senate

  24. Fast Eddie says:

    PPI: Down 5 tenths!!!!!!

    The Inflation Suction Act is working!

  25. Phoenix says:

    Aaah, it’s only 61.4 billion. A drop in the bucket. Come on middle class, you can afford it. I know your rent is up a bit. I know boomer whacked you in the dicc over your house purchase. I know your bank raped you on the interest compared what they gave to boomer. I know you are paying a bit more for food. Don’t worry, you have time to figure out how to pay for your retirement without a pension, Medicare, or Social Security. You will figure out a way to pay for BOomer debt. You are smart and educated, you can do the impossible!

    The Pentagon this month urged Congress to break a deadlock and approve the Biden administration’s $61.4 billion request for emergency funds for Ukraine’s fight against Russia,

  26. BRT says:

    that’s what we need in this state, Murphy’s family in office til their 80

  27. Phoenix says:

    Perfect for Jersey. A banker from Goldman Sachs. Grew up as a Republican, then turned Democrat.

    A real switch hitter this one!

    Chicago says:
    November 15, 2023 at 8:38 am
    NJ first lady Tammy Murphy running to replace Bob Menendez in Senate

  28. 1987 Condo says:

    Interesting:

    Taiwan Opposition Parties Announce Alliance, Shaking Up January Election

    Taiwan’s opposition parties have agreed to run a joint campaign in January’s election, raising the chances that a more China-friendly government takes power in Taipei.

    The Kuomintang and Taiwan People’s Party announced plans to run a united campaign following a meeting Wednesday that centered around how to decide which of their two nominees would head the campaign as the presidential candidate.

    As President Joe Biden and Chinese leader Xi Jinping prepare to meet in San Francisco in an effort to repair their bilateral relationship, the developments in Taiwan could reshape global geopolitics for years to come. With Taiwan at the forefront of increasingly fraught ties between Beijing and Washington, the election of a more China-friendly government in Taipei could remove a potential flashpoint between the world’s two economic superpowers.

    https://time.com/6335347/taiwan-opposition-parties-alliance-election-kmt-tpp/

  29. Phoenix says:

    Taiwan knows its going to be useless once America gets its own chip factories in place.

    That’s what America does, it uses who it needs to, then dumps them when they are no longer useful.

  30. Phoenix says:

    Even the Fire Department has become lazy in America now. They stood there and watched this happen to this lady. What’s the matter don’t have a net anymore.

    Guess it isn’t Squad 51 and Rampart General anymore.

    https://www.reddit.com/r/WTF/comments/17v1aud/drunk_naked_lady_climbs_to_the_roof_of_a_japanese/?utm_source=share&utm_medium=web2x&context=3

  31. Hold my beer says:

    Phoenix

    The guy who got dumped because he’d never heard of Moorish and didn’t know the ingredients of a paella was a lucky man to get out early.

  32. No One says:

    Here’s how negotiations with China work:
    US : in return for a benefit from the US today, you need to promise to change something in the future
    China: great, it’s a deal.
    …ten years later…
    US: hey China, you didn’t change that thing you promised.
    China: yes, that was just a promise, and we did promise. Now let’s make another trade where you give me something I want today, and we promise to do something else in the future. Win-win!

  33. 3b says:

    Phoenix: Who is this Tammy Murphy besides bring the Governor s wife? Does she have any credentials, not that it matters.

  34. No One says:

    Taiwan seems to be holding up pretty well given all the psy-ops China continuously attempts on them.
    TSMC is constantly complaining about how hard it is to get their foundry in the US started. They have a smooth supply chain in place over there, meanwhile in the US they get welcomed by union organizers who want to build the plant like they build NJ highways. But I also wonder if the Taiwan government is trying to slow down the offshoring of foundries.

    American buyers who need their chips made in the US for security or regulatory reasons will for the foreseeable future be paying a cost premium versus the Taiwan cost. And if TSMC can’t charge a premium, they probably won’t be making as much money out of that future US plant.

  35. Phoenix says:

    HMB,

    Anything triggers a woman today. One of the videos you posted, the woman said her husband was great, then dumped him anyway.

    It’s what they do. I have a married one where I work. She is hot. Good husband, good provider, kids. Comes on to me every day. I can’t break up a family even though she would be fun in the sack. I worry more about her children than she does.

    This is exactly what my ex did when she called the PoPo on me. It’s a pattern. Like Central Park Karen. The PoPo can’t wait to come and harass you and be a hero to the “scared” woman, and these women know how to weaponize the police.

    https://www.reddit.com/r/PublicFreakout/comments/17vokvp/karen_calls_the_cops_on_a_guy_who_was_just_doing/?utm_source=share&utm_medium=web2x&context=3

  36. Phoenix says:

    Taiwan loses leverage once the foundry opens here.

    Leverage is everything.

    It wouldn’t surprise me if once the chip factory opens in America that America would bomb the one in Taiwan and blame the Chinese for doing it.

    People in this country come up with some sick ideas for doing things, and justify those actions easily.

    Look at this one, NJ related. This is off the scale crazy what happened. Trick might know about this one, I think it’s somewhere near him.

    https://youtu.be/hXaRJ7HKbUM?t=3

  37. grim says:

    Phoenix: Who is this Tammy Murphy besides bring the Governor s wife? Does she have any credentials, not that it matters.

    She worked for Goldman Sachs, isn’t that enough these days?

  38. LAX says:

    Dr heal thyself.

  39. 3b says:

    Grim: I worked for GS too, so I should run for Senator!

  40. Hold my beer says:

    Phoenix

    Those manosphere videos crack me up. I now watch them when I’m on the stair climber. Almost fell off it the other day. I was laughing so hard.

  41. Libturd says:

    I played the Sax. I’m qualified too.

  42. Fast Eddie says:

    I loaded trucks in my late teens and early twenties… I’m running for U.S. Secretary of Transportation.

  43. Phoenix says:

    The first step is to dehumanize your opponent. Makes everything okay after that.

    Every day America is becoming more and more radicalized.

    Former president Donald Trump denigrated his domestic opponents and critics during a Veterans Day speech Saturday, calling those on the other side of the aisle “vermin”

  44. leftwing says:

    Nice double entendre on that English Beat song lol….the interview referenced was pretty good

    https://www.songfacts.com/blog/interviews/dave-wakeling-of-the-english-beat

    Lib…boo-yah….liquidated a bunch….nearly 20% on the actual shares and 3x+ on the options over five days, probably more upside but why be greedy….You responded favorably to the post, you jump in?

    “leftwing says: November 10, 2023
    Lib, TGT. Today, earnings 15th…Has had the daylights knocked out of it….at 108 and COVID low around 90…”

  45. 3b says:

    Fast: You are more than qualified!

  46. Phoenix says:

    So refined, so educated:

    Oklahoma Sen. Markwayne Mullin (R), a former mixed martial arts fighter, nearly came to blows with the president of the Teamsters at a Senate hearing Tuesday, forcing Chair Bernie Sanders (I-Vt.) to step in to stop a brawl from breaking out in the Senate Health, Education, Labor and Pensions Committee room.

    Mullin challenged International Brotherhood of Teamsters General President Sean O’Brien to a fight on the spot after the senator read aloud O’Brien’s tweets calling him out as a “clown” and a “fraud.”

    “Sir, this is a time, this is a place. You want to run your mouth, we can be two consenting adults, we can finish it here,” Mullin said from the hearing room dais.

    “OK, that’s fine. Perfect,” O’Brien shot back.

    “You want to do it now?” Mullin asked. “Stand your butt up then.”

  47. LAX says:

    10:33 only a true imbecile wants to tangle with Teamsters.

  48. BRT says:

    You gotta admire the hubris. Massacre tens of thousands of seniors with poorly thought out policy, get reelected, and then get your wife elected.

  49. Fast Eddie says:

    only a true imbecile wants to tangle with Teamsters.

    Why?

  50. grim says:

    Tammy has an office in the statehouse, doesn’t that count for something?

  51. Libturd says:

    Left,

    I am very happy for you. I would have jumped in, but I don’t have a lot of dry powder. Plus, I don’t see this as a stockpickers market. This is a rising tide raises all ships rally. Full breadth. So I have put nearly everything I have into a mix of index funds. The last two weeks might have been my best ever. But I haven’t locked anything in yet as I still have a funny feeling we are safe through Xmas, so I won’t brag until then.

    One new individual name I purchased last week is Tapestry. Luxury handbag manufacturer in a huge acquisition of Capri holdings (Ver$ace, Jimmy Ch00 and M1chael KOrs). TPR is COach, who purchased We1tzman and Spayde already. The story is, Wall Street doesn’t like the acquisition. I did a very deep dive and the synergies and economies of scale gained by TPR by producing those other brands in their own facilities look real good. Accreditive pretty quickly too. 5% dividend while you wait. Take a look. If this rebound has legs, handbags are one of those first things the ladies and trans men (had to get that in there) burn their money on.

  52. leftwing says:

    Familiar with TPR, Capri and the acquisition…not the type of deal I personally would play but would note for you the best upside for TPR may come from it falling apart…TPR got the snot knocked out of it on announcement, much more than economics would dictate, and if she breaks you could be looking at 20% or so upside just because of that…

    IIRC in addition to a break fee there is a ‘must litigate’ clause which is unusual…not really sure how that would be enforced but could muddy any throwing in of the towel.

    Though, if you have a high degree of confidence in the deal going through why fuck around with the acquiror’s stock at all?

    It’s a cash deal at $57 for CPRI – ie, no risk to consideration for CPRI shareholders due to TPR share price fluctuations.

    With CPRI at 48 currently you’re getting a 20% return right there….

  53. leftwing says:

    “I don’t see this as a stockpickers market. This is a rising tide raises all ships rally. Full breadth.”

    Hahahaha…it’s ALWAYS a stock picker’s market, breadth like recently just gives a cushion making it easier…

    In a full breadth market if I’m ‘wrong’ on my picks I get ‘only’ the market return of 2-5% yesterday and not the 20% I banked…

    In a ‘normal’ market if I’m right on my picks I’m getting 2-5% and if I’m wrong I’m negative….

    I’ll take the former, please…

  54. LAX says:

    11:15 well for starters they can shut down most of the deliveries in a given Geography.

  55. Phoenix says:

    Horse gets loose in cargo plane.

    Jet needs to dump 20 tons of fuel due to unruly horse.

    20 tons x 700 dollars is 14k of fuel, plus environmental damage due to stupid humans transporting a f’n horse by plane.

    Rich people problems.

  56. BRT says:

    From an educational perspective, she inserted climate change into every curriculum. Now your english, foreign language and gym teachers can teacher your kids about climate change.

  57. Phoenix says:

    Maybe they should get jobs, stop drinking, and tell their teacher friends to stop banging the students….

    https://onemillionmoms.com/

  58. Phoenix says:

    Tammy deserves credit for one thing.

    Not laughing when they are having relations and he whinnies with those big ol’ chompers of his

    WillllllllllllllBuurrrrrrrrr.

  59. Hold my beer says:

    Got my tie rods replaced and an alignment done at local shop. $570 all in. Dealer wanted $1,010. Local shop originally quoted $680 but they fixed it faster than they thought and passed the savings onto me.

  60. The Great Pumpkin says:

    Trying to stay away from this place because it’s not good for my health to be around a bunch of people that belittle me and put me down constantly, but I will bite.

    Lib,

    Give me a break with that bs study. Yes, let’s do a study during a goldilocks period in the labor market to assess what companies have higher revenue growth. How can you even waste time making this comparison in an environment that is challenging to get your workers to come into work. Chit is a joke and you know it, but you are biased…I already know that.

    Again, lib, you would never ever take your hard earned money and start a company with at home workers. FACTS. You are capt cheepo. No f’ing way would you even take on that kind of risk. So give it a rest. Most ceo’s want workers in office for a reason. They are boss and they know best…not the f/ing workers.

    And please do not rip on govt employees when you support WFH. That’s a comical position to take.

  61. The Great Pumpkin says:

    Yawn…exactly.

    “Scoop’s Flex Index data set includes policies from some 7,500 companies of all sizes; 554 publicly traded companies were included in the analysis. (Among those publicly traded companies, 27% have “fully flexible” policies; 55% have a hybrid policy with various in-office requirements; and 17% are full-time in-office.) Office policies in the data set are generated by submissions of current employees that company managers have the opportunity to verify or manual entry of publicly available information such as company web sites or media reports.”

  62. The Great Pumpkin says:

    Who in their f/ing right mind actually trusts people? GTFOH. Want to lose your business, start trusting your employees to do the right thing. Right.

    “The Flex Index categorizes remote work policies based on corporate-level rules, meaning some employees included in the “fully flexible” category could be subject to team-level in-office requirements. Still, that likely means the office time is more tailored to individual employees’ work, something Lovich says is important when thinking about hybrid policies.

    “The more we can empower people closest to the work, the better the work will be,” she says. “For office workers [with mandates], all of a sudden you’re telling me when and where to show up. It says you don’t trust me.””

  63. The Great Pumpkin says:

    That’s like saying, we don’t need managers, employees got this. Let’s get rid of teachers, the students got this!

  64. Phoenix says:

    Sounds like a criminal enterprise to me, but our lousy “justice” and “legal” system will never prosecute any of them.

    JP Morgan, Morgan Stanley and Goldman Sachs provide short-term financing for metal processors, according to Ruth Crowell, chief executive of the London Bullion Market Association, a trade group that sets standards for the precious-metals industry. JP Morgan and Goldman Sachs did not respond to requests for comment; a spokesman for Morgan Stanley declined to discuss lending practices.

    In an 81-count indictment in Nassau County, N.Y., this spring, prosecutors said Stillwater had paid an accused criminal operation more than $170 million for catalytic converters, many of them stolen. The indictment charged two brothers, Alan and Andrew Pawelsky, with orchestrating the thefts and using the proceeds of their Stillwater sales to buy more stolen devices.

  65. LAX says:

    2:03 I’ve noticed a trend towards self-directed study.

  66. Phoenix says:

    2:03 I’ve noticed a trend towards self-directed study.

    Mp3 quality, shrinkage, whatever you want to call it.

    Pumps is right about this, a good teacher, hands on, is clearly the best method.

    As long as they don’t get too “hands on” with your child, that is. 😂😂

  67. LAX says:

    2:44 watching Hans Christian Andersen right now.
    Streaming a little classic stuff. So wholesome.

  68. Libturd says:

    Chitty Chitty Bang Bang next?

    Thinking that would have been a decent alternative moniker for Pumps.

  69. LAX says:

    3:22 I don’t control the stream. Stuff just plays! Reminds me of old TV but with more channels. Roku. Unless I go with my subscription services.

  70. leftwing says:

    Threw on some very low cost, high payout protection through Friday.

    Not concerned, just after the insane runups of the last two weeks and earnings essentially coming to an end I’d feel dumb if the market crapped over the next two days…percentage point down or so will cover a lot of decline for de minimis %age….

  71. Fast Eddie says:

    I remember when it was broadcast on Network TV. I’m old! An antennae on the roof and channels 2, 4, 5, 7, 9, 11 and 13 were the VHF channels.

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

  72. LAX says:

    Next up: Secret Life of Walter Mitty. Orig. Danny Kaye
    Perth Amboy in the opening.

  73. Fast Eddie says:

    97 years old… the dude is still as sharp as a tack. We should all be so lucky:

    https://www.youtube.com/watch?v=Ooan9NzvJ0c

  74. BRT says:

    lol, Menendez trying to slam Murphy on nursing home deaths now. Right wing conspiracy to the rescue.

  75. No One says:

    LAX,
    Danny Kaye was probably one of the gayest-acting guys to not actually be gay, though it has been alleged. A multi-talented entertainment genius, the likes of which don’t seem to appear anymore.

  76. Phoenix says:

    Nikki Haley: “Every person on social media should be verified by their name” because of “national security.

    New York Governor Kathy Hochul announces the state has started conducting special media “surveillance efforts” to monitor “hate speech.”

    I guess that means Big Brother gonna put some Pegasus on all your phones.

  77. Phoenix says:

    2:44 watching Hans Christian Andersen right now.
    Streaming a little classic stuff. So wholesome.

    How about watching Network.

    Or Dr. Strangelove.

  78. Phoenix says:

    You better watch out.
    You better not cry.
    You better not pout I’m telling you why.

    Fascism is coming to your town.

    They know when you are sleeping,
    they know when your awake.
    They watch you on your Ring door bell
    so be good for goodness sake.

  79. LAX says:

    4:19 100%

    Had the LP when I was a kid, those songs are some sweet tunes.

  80. Boomer Remover says:

    Jeff Gundlach sounds like a broken record with this debt service will be 50% of GDP within 10 years shtick.

  81. LAX says:

    6:05 right!?? Guy was a genius. Real Movies !

  82. BRT says:

    Left and right wing authoritarians. But unlike the intimidating figures of the past, these wannabe dictators are all 130 lb women.

  83. 3b says:

    Mayor Adams says painful cuts will be made to NYC budget because of all the money being spent on asylum seekers.

  84. Phoenix says:

    BRT says:
    November 15, 2023 at 6:49 pm
    Left and right wing authoritarians. But unlike the intimidating figures of the past, these wannabe dictators are all 130 lb women.

    Underestimate your enemy at your own peril.

  85. Juice Box says:

    Re: “these wannabe dictators are all 130 lb women.” & “Underestimate your enemy at your own peril.”

    Just spent the last few days going thought the DEI progrom at my new gig. Progrom director is a young 110 lb white woman with blond hair. Training AKA enforcement is a young larger woman of color who spends 80% of her day on Instagram.

    I apparently finished all the assignments in record time, and was asked how i did it. I mentioned my background growing up Me and Julio Down by the Schoolyard and the fact I have dated many multiple women of colours and my affinity for rock climbing with plus size people.

    I am now anxiously waiting for the phone call for the exit interview for liking diversity too much.

  86. BRT says:

    Underestimate your enemy at your own peril.

    I do not. It’s deception by design.

  87. juice box says:

    BRT- My Bergenfield boy. Housing there is now officially insane. Last time I drove down Prospect street it seemed the Eruv has extended as far as the high school.

    My assumption is this was knocked down?

    https://www.zillow.com/homedetails/62-John-Pl-Bergenfield-NJ-07621/37854458_zpid/

  88. Boomer Remover says:

    “my affinity for rock climbing with plus size people.”

    hah! that whole post was really good, Juice.

  89. Boomer Remover says:

    Sitting in front of a Pegasus console/terminal must be so much fun. I could easily see myself losing hours – days even! – just poking around phones… Jerome phone, Ackman’s phone, Simons’ phone, Dolan’s phone… Donny’s phone…

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