Thursday, October 26, 2006

Home Prices Slide

Home sales slipped for the sixth month straight in September despite the dropped mortgage rates according to the National Association of Realtors. Nationally 6.18 million units sold in September down from 6.30 million units that sold in August and 14.2 percent below the 7.20 million units pace of September 2005. Also the median price of a home fell for the second month to $220,000.
Read Sam Ali's story in the Times

Technorati: , , , , , ,


For more information on Real Estate in New Jersey visit here.

Posted by at No comments:

Tax Panel Begins Public Hearings

Public hearings will begin on the list of ways to cut property taxes proposed by the special legislative panel. The first hearing is today in Bordentown Township Hall, November 1st in Freehold Borough Hall, and November 9th at Bergen County Community Center. The meetings all begin at 7PM.
Read Tom Hester's Times story

Technorati: , , , , , ,

For more information on Real Estate in New Jersey visit here.

Posted by at No comments:

Wednesday, October 25, 2006

Stubborn Sellers Lose in Declining Market

Housing prices have declined since last year and buyers are slower deciding to make purchases. Some sellers still overprice their homes. The consequence of stubborn overpricing: the loss of home value as prices continue declining.

Read Patrick Rucker’s story in Reuters

Technorati: , , , , , , , , ,


For more information on Real Estate in New Jersey visit here.

Posted by at No comments:

New Leader Named for Housing Agency

The new head of the housing and economic development department in Trenton is Alan J. Greenwald. Greenwald will replace Assistant Business Administrator Dennis Gonzalez who was acting director since 2005. Greenwald lives in Trenton and wants encourage more state workers to resident in Trenton.

Read Eva Loayza’s story in Trenton Times

Technorati: , , , ,

For more information on Real Estate in New Jersey visit here.

Posted by at No comments:

Monday, October 23, 2006

Corporate Housing

Relocating families have few options when the primary wage earner transfers to a location that requires moving the primary dwelling to anothers state. Until recently short-term housing meant family, friends, hotels, and a sprinkling of extend-stay facilities. Now however some developers have furnished unit available for corporate tranferees.
Read Beth W. Orenstein's article.

Technorati: , , , , , ,


For more information on Real Estate in New Jersey visit here.

Posted by at No comments:
Subscribe to: Posts (Atom)