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Friday, July 18, 2008
From NJ Real Estate Report - view blog entries - visit this blog
July 18, 2008 at 6:04 am ET
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 about ... (more)

Thursday, July 17, 2008
From NJ Real Estate Report - view blog entries - visit this blog
July 17, 2008 at 6:16 am ET
Depression 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. ——————————— From Newsday: Forecast says NJ in recession until early 2010 New Jersey ... (more)

Wednesday, July 16, 2008
From NJ Real Estate Report - view blog entries - visit this blog
July 16, 2008 at 5:54 am ET
From Bloomberg: New 20% Down Payment Makes Savers From Profligate U.S. Spenders The U.S. housing crisis may accomplish what years of parental hectoring couldn’t: Turn Americans from spenders into savers. Spending will fall because homeowners can ... (more)

Tuesday, July 15, 2008
From NJ Real Estate Report - view blog entries - visit this blog
July 15, 2008 at 5:51 am ET
From the LA Times: Fed slaps new rules on mortgage lenders The Federal Reserve clamped down hard on mortgage lenders Monday, issuing rules designed to curb the sorts of risky and deceptive lending practices that helped trigger ... (more)

Monday, July 14, 2008
From NJ Real Estate Report - view blog entries - visit this blog
July 14, 2008 at 6:52 am ET
From the Press of Atlantic City: Short sales saving more locals from foreclosure An alternative to foreclosure for some homeowners called a short sale is becoming more common in southern New Jersey, according to attorneys who ... (more)

Friday, July 11, 2008
From NJ Real Estate Report - view blog entries - visit this blog
July 11, 2008 at 5:46 am ET
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 ... (more)

Thursday, July 10, 2008
From NJ Real Estate Report - view blog entries - visit this blog
July 10, 2008 at 5:57 am ET
From Bloomberg: U.S. Foreclosures Rose 53% in June, Bank Seizures Almost Triple U.S. foreclosure filings rose 53 percent in June from a year earlier and bank repossessions almost tripled as deteriorating property values and higher payments ... (more)

Wednesday, July 9, 2008
From NJ Real Estate Report - view blog entries - visit this blog
July 9, 2008 at 6:06 am ET
From the Star Ledger: Housing slump seen stretching further Signs are emerging the U.S. housing market’s long slump is likely to fester through the summer, and the real estate market may not recover for at least another ... (more)

Monday, July 7, 2008
From NJ Real Estate Report - view blog entries - visit this blog
July 7, 2008 at 6:11 pm ET
From the AFP: Fed study says home price drop ‘necessary’ Large-scale government intervention in the US housing crisis would be counterproductive and prevent a “necessary” correction in home prices, according to a Federal Reserve study released ... (more)

From NJ Real Estate Report - view blog entries - visit this blog
July 7, 2008 at 5:40 am ET
From the Gloucester County Times: Pa. out-hustling N.J. in battle for business Gov. Jon Corzine, flanked by some of his top advisers, invited eight of the state’s top real estate executives to the governor’s mansion for coffee ... (more)

Friday, July 4, 2008
From NJ Real Estate Report - view blog entries - visit this blog
July 4, 2008 at 6:05 am ET
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 ... (more)

Thursday, July 3, 2008
From NJ Real Estate Report - view blog entries - visit this blog
July 3, 2008 at 5:48 am ET
From Bloomberg: Arson Surges Across U.S. for Foreclosed Homes Lost to Subprime At 10:40 p.m. on April 27, a blaze at the beige Victorian house at 19 Nye St. lit up a neighborhood littered with boarded-up homes ... (more)

From NJ Real Estate Report - view blog entries - visit this blog
July 3, 2008 at 5:45 am ET
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 ... (more)

Wednesday, July 2, 2008
From NJ Real Estate Report - view blog entries - visit this blog
July 2, 2008 at 6:08 am ET
From Newsday: Poll finds New Jerseyans glum about economy New Jerseyans aren’t feeling especially festive with the Fourth of July holiday approaching. A new poll finds them increasingly worried about their finances. The survey by Fairleigh Dickinson ... (more)

Tuesday, July 1, 2008
From NJ Real Estate Report - view blog entries - visit this blog
July 1, 2008 at 6:10 am ET
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 ... (more)

Sunday, June 29, 2008
From NJ Real Estate Report - view blog entries - visit this blog
June 29, 2008 at 5:58 am ET
19 Yale Terrace, Montclair NJ Purchased: 6/1/2005 Purchase Price: $762,000 MLS# 2503228 Sold: 6/26/2008 Sale Price: $705,000 19 Woods End Road, West Orange NJ Purchased: 6/1/2004 Purchase Price: $379,000 MLS# 2493002 Sold: 6/27/2008 Sale Price: $362,500 31 North Road, Chester NJ Purchased: 7/23/2004 Purchase Price: $425,000 MLS# 2498591 Sold: 6/26/2008 Sale Price: ... (more)

Saturday, June 28, 2008
From NJ Real Estate Report - view blog entries - visit this blog
June 28, 2008 at 6:30 am ET
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 OLP $579,000 Hillsdale FUTURE Comp ... (more)

Friday, June 27, 2008
From NJ Real Estate Report - view blog entries - visit this blog
June 27, 2008 at 5:20 am ET
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 ... (more)

Thursday, June 26, 2008
From NJ Real Estate Report - view blog entries - visit this blog
June 26, 2008 at 5:57 am ET
From Bloomberg: Sales of Existing Homes in the U.S. Probably Increased in May Sales of U.S. previously owned houses probably rose in May from a record low as depressed prices lured some buyers into the market, ... (more)

Tuesday, June 24, 2008
From NJ Real Estate Report - view blog entries - visit this blog
June 24, 2008 at 7:14 pm ET
(Click to Enlarge) S&P Case Shiller Home Price Index - NY Metro Commutable Low Tier April 2007 - 255.94 April 2008 - 233.29 8.85% year over year decline Mid Tier April 2007 - 221.43 April 2008 - 200.83 9.30% year over year decline High Tier April ... (more)

From NJ Real Estate Report - view blog entries - visit this blog
June 24, 2008 at 6:06 am ET
From the WSJ: Great Depression Home-Price Declines The Standard & Poor’s/Case-Shiller home-price index, which reflects prices in 20 U.S. cities, is expected Tuesday to be reported down 16% in April from a year earlier, worse than March’s ... (more)

Monday, June 23, 2008
From NJ Real Estate Report - view blog entries - visit this blog
June 23, 2008 at 5:57 am ET
From the New York Times: Home Not-So-Sweet Home “Owning a home lies at the heart of the American dream.” So declared President Bush in 2002, introducing his “Homeownership Challenge” — a set of policy initiatives that ... (more)

Sunday, June 22, 2008
From NJ Real Estate Report - view blog entries - visit this blog
June 22, 2008 at 6:53 am ET
Welcome to another edition of Lowball! Lowball! takes a look at home sales from a different perspective. For those new to Lowball!, a lowball offer is when a buyer offers a significantly lower bid than asking ... (more)

Friday, June 20, 2008
From NJ Real Estate Report - view blog entries - visit this blog
June 20, 2008 at 5:05 pm ET
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 Battalion Drive Purchased: 9/26/2005 Purchase Price: $585,000 MLS# 2505733 Sold: 6/12/2008 Sale Price: ... (more)

From NJ Real Estate Report - view blog entries - visit this blog
June 20, 2008 at 5:41 am ET
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 ... (more)

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