Preliminary May sales and inventory data for Northern New Jersey (GSMLS) is in. Please note that this data is subject to revision.
The first graph plots the unadjusted sales data (closed sales) fo...
From the NY Post:
FORECLOSURES HIT NYC LIKE A BRICK
How big has New York City’s foreclosure problem become?
“Two years ago, there were just a few selected ZIP codes where [foreclosures...
From the Federal Reserve:
Summary of Commentary on Current Economic Conditions (PDF)
SECOND DISTRICT–NEW YORK
The Second District’s economy has been generally weaker since the last report. ...
From the Wall Street Journal:
Some Buy a New Home to Bail on the Old
Fannie Plans Rules To Avoid Practice Described as Fraud
By NICK TIMIRAOS
June 11, 2008; Page A3
In markets hit hardest by fallin...
From the Star Ledger:
Old Bridge man arrested in $80M real estate scheme
The head of a defunct real estate investment company accused of bilking investors and mortgage lenders out of $80 million w...
From CNN/Money:
Housing crunch, 90210
Across the country, real estate agents and home sellers in wealthy neighborhoods who grew accustomed to seven-figure bidding wars during the boom are feeling ...
From Bloomberg:
Wealth Evaporates as Gas Prices Clobber McMansions, SUV Makers
Homeowners in the exurbs aren’t the only ones whose assets have taken a hit because of the surge in energy cost...
Now Open, Part II!
Prior weekend thread closed due to comment overflow
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 a...
From the Courier Post Online:
State moves to help those in danger of foreclosure
An Assembly panel released a measure today that would create a roughly $30 million fund aimed at helping those faci...
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