Category Archives: General

From the WSJ: Lawmakers Agree on Outline of Big Housing Pact Bill Includes Relief For Fannie, Freddie; Tense Negotiations By MICHAEL R. CRITTENDEN and DAMIAN PALETTA July 23, 2008; Page A3 House and Senate leaders have largely hammered out a … Continue reading →

Happy Recession Hour GTG (Get Together) Friday, July 18th 5:30pm Johnny Utah’s ( http://www.johnnyutahs.com ) 25 West 51st Street, NY Cancel your f’n plans, I don’t want to hear excuses. ——————————— This is the time and place to post observations … Continue reading →

From Newsday: Forecast says NJ in recession until early 2010 New Jersey is more than a half-year into a mild recession that should end in early 2010, according to a Rutgers University economic forecast released Wednesday. The state will lose … Continue reading →

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 →

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 →

From the Press of Atlantic City: N.J. economic outlook sinks as joblessness rises The Federal Reserve’s forecasting gauge for New Jersey’s economy has turned negative for the first time in 17 years. The leading index of the Fed’s Bank of … Continue reading →

Need a day off.

Now Open, Part II! Rich was nice enough to provide us with our weekend fill of Bergen County comp killers! Thanks Rich! Harrington Park FUTURE Comp Killer! 182 SCHRAALENBURGH RD Purchased $600,000 9/21/2006 MLS# 2825662 Listed 6/24/2008 Current Asking: $579,000 … Continue reading →

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 →

From MarketWatch: Existing-home sales rise 2% in May U.S. home and condo resales inched higher in May as prices continued to fall, the National Association of Realtors reported Thursday. Resales of U.S. houses and condos rose 2% to a seasonally … Continue reading →

(Click to Enlarge) S&P Case Shiller Home Price Index – NY Metro Commutable Low Tier (Under $332,377) October 2006 – 259.75 (peak) April 2007 – 255.94 April 2008 – 233.29 8.85% year over year decline 10.19% decline from peak Mid … Continue reading →

Data geeks can find the underlying index data at the following S&P link: April 2008 S&P Case Shiller HPI (XLS) From Reuters: Home prices extend record slide in April: S&P NEW YORK (Reuters) – U.S. home prices extended their record … Continue reading →

Now Open, Part II! Weekend Comp Killers! Summit Killer Comp Killer MLS# 2100704 – 20 Caldwell Ave Listed: 8/15/2008 OLP: $649,900 Last List Price: $599,000 DOM: 184 Expired Foreclosed, REO Sold: 6/19/2008 Sale Price: $390,000 Basking Ridge Comp Killer 51 … Continue reading →

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 →

On May 13th, the National Association or Realtors released their first quarter 2008 sales data, which indicated that sales in New Jersey were up 4% year over year. Almost immediately I suspected there was an issue with the data, their … Continue reading →