Trader's Desk Signals, the markets are pulling back lets get ready again! - 03/30/09 10:37 AM
Last up date we said
Well, we hoped we got a bottom and a sharp rally. Now we are ready to start selling, we own 3 SPH09 or ESH09 we will sell all 3 at 755. We will revisit this, when this trade is done.
Currently:
We have been flat, I didn't go back in and got out early, I was concerned about one more pull back. Unfortunately, I been on a project and had not posted another update.
We will look to buy the SPM09 or ESM09 as follows; unit one at 770, unit 2 at 745 unit three we will … (2 comments)

The Markets Are Making A Bottom, Believe It or Not! - 03/23/09 09:37 PM
I have been writing about the market for months saying we are bottoming. What we needed was a price and interest rate line to cross, along with plenty of mortgage money. Well, it looks like we are there and past through the bottom, over the winter here. Let's look at why.
1. Many markets like Southern California, Florida, Nevada, Arizona, which amount for the bulk of the foreclosures have dropped over 50% from the highs. In some cases 60%.
2. Markets like Bergen County New Jersey, North Jersey in general and many metro area suburbs have decline less than 20% or … (3 comments)

Record News Paper interview on market conditions! - 03/22/09 07:10 PM
The Record, our North Jersey News paper quoted myself and other brokers on market conditions. There front page story, REAL ESTATE SUFFERS WORST YEAR IN DECADES- Where's the bottom? printed Sunday March 22, 2008. The article can be seen in it's entirety electronically at Where's the bottom?
 

To go further, I think we are bottoming now. Many parts of the country are experiencing higher volume. Bergen County is also picking up. The market will eventually not be anything it seem it would be. That is the way it works!
 Search Real Estate in Bergen County New Jersey
 View my new homes … (5 comments)

Trader's Desk Signals, the bottom is now a money maker! - 03/12/09 07:20 PM
Last up date we said
"The 5th wave is ending, and there is a bottom at hand. We are now long 3 units of SPH09 or ESH09.There could be some more wash out, and then I figure a quick sharp rally. Never the less we are long!"
Well we hoped  we got a bottom and a sharp rally. Now we are ready to start selling, we own 3 SPH09 or ESH09 we will sell all 3 at 755. We will revisit this, when this trade is done.
Crude Oil, we are flat, we will look to sell short the May crude CLK09 … (6 comments)

Interview by Inman Reporter on emotions in our market! - 03/11/09 09:02 PM
Last week I did a phone interview, with a very astute reporter for Inman News. Marty Graham wrote a story on the psychology of the buyers and agents in this market. She is from San Diego and the power of the Internet shows. Marty found me on the Internet, she read some of my blogs and seen my sites and thought I could help shed some light on things. Below is the link to her story, I think she got a good piece of the emotion.
                                                       Economic bust plays on emotions 
View my new homes for sale
Richard

… (4 comments)

Franklin Lakes Home Sales Report 2008 - 03/11/09 08:24 PM
Franklin Lakes real estate, Bergen County New Jersey Home sales report for 2008. Franklin Lakes showed one of the larger unit volume declines of 60% from the high year of 2004. However, there was only a decline of 15.11% for median home sale price from the prior year which was the high year for median price. Data source is the New Jersey Multiple Listing Service.
Hopefully, we are see a bottom forming in this market now. For about 6 months or more Jumbo loans have been next to impossible. Loans to $1,000,000 were available from savings and loans, but the larger jumbo's … (2 comments)

Credit Challenged Society! What do we do? - 03/07/09 10:04 AM
With all the foreclosures, short sales, write offs, job losses. Who will be left to get this economy going? I have said many times the government must key this crisis recovery at the strong. They must make guarantees and funding available to investor that can and will buy the distressed assets. They have since spoke about and worked on various programs to start it up. They must focus more on each niche.
Niche 1, Recycling Our Population
What is to happen with all the people who went under water, many of which were not financially stuck but there asset went under … (6 comments)

Park Ridge NJ Real Estate Sales Report 2008 - 03/05/09 09:18 PM
Park Ridge Bergen County New Jersey homes sales report, from 2003 to 2008. Although sales volume declines were high at 48.65%, median sales were off 15.09%. Park Ridge located in Northern Bergen County did not have the much vacant land for the wholesale speculation that went on in other areas of the country. Demand had slowed due to the financial crisis but prices are resistant to fall quickly. Unit sales were actually up in 2008 over 2007 modestly.
View complete analysis with graphs and charts of Park Ridge, click on graph below.

I believe that sales will raise again in … (2 comments)

Trader's Desk Signals Major Bottoms are made of fear! - 03/02/09 07:46 PM
The 5th wave is ending, and there is a bottom at hand.
March crude Oil, we are flat.
Last update we said
SPH09 or ESH09 stock index futures.  We missed our short sale. Oh well, I am looking to start buying. We will use a 3 unit strategy. We will buy 1 unit at $775 now, a second unit at $735 and a third unit at $700. I am putting these all out there in case I miss a blog.
We are now long 3 units of SPH09 or ESH09.There could be some more wash out, and then I fiquire a quick sharp … (4 comments)

Paramus Real Estate Home Sales Report 2008 - 03/01/09 06:39 PM
Paramus home sales from 2003 to 2008 show a sales volume decline from 2005 of 43.92%. The median sales price also fell over 12.15% from the high year of 2007. Although the volume has fallen significantly, prices have been resistant to fall as dramatically as other areas of the country. Sellers have not drastically reduces the list prices. Paramus from 2002 low, didn't run up as much as other areas either. It went up within the 50-100% range, considerable and above trend, but not like the 200-300% of the more speculative areas of Florida, Southern California, Nevada, and Arizona. Areas that … (3 comments)

 
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Richard Stabile Bergen County New Homes Builder Realtor

Woodcliff Lake, NJ

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