New Jersey Real Estate Report

http://njrereport.com

• “We’re facing a potential spike in arson like we’ve never seen before.”

  http://njrereport.com/index.php/2008/07/03/were-facing-a-pot...
  2 days

  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 on the north side of New Bedford, Massachusetts. It left charred wood and melted vinyl siding on the three-story structure

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• Long Weekend Open Discussion

  http://njrereport.com/index.php/2008/07/03/long-weekend-open...
  3 days

  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 but never posted them up, let’s have them. Also a good place to post suggestions, requests for information, criticism,

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• State sentiment continues to deteriorate

  http://njrereport.com/index.php/2008/07/02/state-sentiment-c...
  4 days

  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 University’s Silberman College of Business and conducted by the university’s PublicMind poll

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• Philly Fed: New Jersey “outlook has dimmed”

  http://njrereport.com/index.php/2008/07/01/philly-fed-new-je...
  4 days

  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 Philadelphia predicts the state’s economy will shrink 0.2 percent during the next nine months

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• Blog Sabbatical

  http://njrereport.com/index.php/2008/06/30/blog-sabbatical/
  6 days

  Need a day off.

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• Weekend Comp Killer!

  http://njrereport.com/index.php/2008/06/29/weekend-comp-kill...
  7 days

  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,

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• Weekend Open Discussion - Part II

  http://njrereport.com/index.php/2008/06/28/weekend-open-disc...
  7 days

  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 Hillsdale FUTURE Comp Killer! 260 MAGNOLIA AVE Purchased $510,

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• Weekend Open Discussion

  http://njrereport.com/index.php/2008/06/27/weekend-open-disc...
  9 days

  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 but never posted them up, let’s have them. Also a good place to post suggestions, requests for information, criticism,

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• May Existing Home Sales

  http://njrereport.com/index.php/2008/06/26/may-existing-home...
  10 days

  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 adjusted annualized rate of 4.99 million in May from 4.89 million in April

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• New Jersey Home Price Tracker - June 2008

  http://njrereport.com/index.php/2008/06/24/new-jersey-home-p...
  12 days

  (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 Tier ($332,377 - $479,467) September 2006 - 224.18 (peak) April 2007 - 221.43 April 2008 - 200.83 9

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