real estate: 1279 Marion Avenue, Plainfield, New Jersey - 05/03/09 10:12 PM
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real estate: 50,000 Jobs to be Eliminated at Citigroup - 11/17/08 08:27 AM
Citigroup, thought to be one of the more conservative players in the financial industry, hasn't gone unscathed by the mortgage meltdown. While, Citgroup has not made a play to acquire any struggling competitors, it has likewise not been a target for a takeover.
Citigroup's problems were highlighted back in January of … (16 comments)
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real estate: Monthly Residential Property Market Analysis For Fanwood, New Jersey- August 2008 - 11/15/08 11:55 PM
Fanwood's residential listings were down by 24% in August 2008 by comparison to last year. The listing price was down by 4%, with an average of $457,665. New listings were also down by27% with an average price of $465,291.
Homes under contract and scheduled to close were also down by nearly 14%, … (3 comments)
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real estate: Monthly Residential Property Market Analysis For Plainfield, New Jersey- August 2008 - 11/09/08 12:00 AM
The number of listings for August 2007 was 445 with an average price of $336,766 & August 2008 was 510 with an average price of $296,757. More properties were available for sale this year. However, prices were down by 12%.
New residential listings during the month were 81 with an average of $315,290 for July 2007 and July … (3 comments)
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real estate: A Strategy to Stave Off Foreclosure and Stimulate The Economy - 10/30/08 06:59 AM
John D. Geanakoplos a professor of economics at Yale and a partner in a hedge fund that trades in mortgage securities, offers a another alternative to foreclosure. In his Op-Ed piece Mortage Justice Is Blind for today's New York Times, he discusses what used to be the parties to a mortgage and how … (2 comments)
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real estate: Does Anybody Have A Clue? - 10/26/08 08:51 AM
I have been saying for months that all of the foreclosures are not due to the mortgage meltdown. There are far more homeowners who have had their homes for nearly fifteen years who have fallen victim to the economy.
Companies are downsizing if not going out of business and that has … (9 comments)
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real estate: More Financial Institutions Go Down - 10/24/08 12:11 PM
Pennsylvannia's largest bank buys Ohio's largest bank. That's correct PNC is buying National City. National City was ranked 10th in loans to sub-prime borrowers. Most of there sub-primeholding were placed with a subsidiary known as First Franklin Financial, which was sold to Merrill Lynch & Company, contributing to the brokerage's failure. … (0 comments)
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real estate: Real Estate Settlements Go Green - 10/24/08 11:37 AM
The economic slump has many businesses trimming expenses. Even fewer are spending on research and development with notable exception of course, in real estate.
There is always something new in real estate with the dawn of each day and today is no different. A couple of real estate attorneys have used … (4 comments)
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real estate: Homeowner's Fall "To Do List" - 10/19/08 11:48 AM
As the foliage continues its journey of ever changing hues and the chill in the air lingers through both day and night, I am reminded of the chores that are ahead of me in preparation for the next season.
That chill in the air reminds me of the importance of ensuring … (0 comments)
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real estate: Cultural Diversity/ Fair Housing Poster Contest - 10/17/08 12:13 PM
The Equal Opportunity & Cultural Diversity Committees of the New Jersey Association of Realtors (NJAR), seeks to engage elementary school age children in an opportunity to learn about fair housing. To accomplish this goal, NJAR committees have initiated a 2009 poster contest!The association is requesting that poster submissions be cheerful, ingenious … (1 comments)
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real estate: OPEC In A Pinch - A Plum For The Economy And Real Estate - 10/17/08 11:55 AM
Escalating oil prices have helped to wreak havoc with our economy. From the cost of gas at the pumps to the cost of goods and services, Americans have seen a huge jump in the cost of living expense.
However, there should be some reprieve around the corner.The high prices have resulted … (0 comments)
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real estate: A Call To Action - 10/12/08 06:09 AM
The people on main street are looking to Washington to provide the lead on how best to regain our financial footing as a Nation. The trouble is that Washington needs help. The reality is that we are not alone in this quagmire. A global economy hitting the skids needs a concerted … (1 comments)
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real estate: What is Your Emergency Response Plan? - 10/11/08 06:15 PM
The month of October is Fire Prevention Month. This is an opportunity to focus on preparedness to address fire hazards. According to the National Fire Prevention Association, the daily challenges can cause distractions when working in the kitchen. In 2005, 146,400 house fires started in the kitchen with unattended stoves. In … (0 comments)
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real estate: Spellbinding Consequences of the National Crisis - on a Personal Level - 10/05/08 01:00 PM
The national bailout/Rescue Plan is now law. Wall Street can begin its upward ascension. Perhaps it won't be business as usual, that remains to be seen.
However, for the people on main street, not much has changed.In a number of instances due to circumstances beyond their control, many still find their … (3 comments)
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real estate: Stylish, Chic & Sophisticated Condominium - 09/30/08 11:00 PM
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real estate: Staging Gets Front and Center - 09/25/08 12:41 PM
I'm certainly no expert when it comes to staging. Even though ERA corporate arranged for ERA agents to take courses in staging, I wasn't one to jump on board the wagon. I am a firm believer of allowing those with the eye and talent to do those things which call for … (2 comments)
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real estate: What Becomes of the Foreclosed - 09/25/08 12:23 PM
I just read a New York Times article (As Homes Are Lost, Fears That Votes Will Be, Too_ about those who have been foreclosed upon and the potential inability to vote in the presidential election.
Local election officials have a monumental task of informing the general public and in particular those … (0 comments)
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real estate: Tell Me Something I Don't Know - 09/25/08 07:12 AM
Last evening President Bush pitched his Bailout Plan to the American people. He commenced reading the teleprompter by espousing the dire straits of the economy. He recanted the horrors of wall street and the stagnant housing market, things the American people are all too familiar with. What we don't have are … (0 comments)
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real estate: Feds, Fraud & Funds - The Fleecing of America - 09/24/08 11:20 AM
Is everybody happy? It doesn't appear to be so! At least not on the hill. As congress prepares to recess and with nearly six weeks to the presidential election, there's the making of a non-partisan squabble over President Bush's hastily contrived bailout legislation. I am convinced that assistance from the government … (0 comments)
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real estate: Deal or No Deal? - 09/15/08 06:35 AM
Many investors and real estate professionals struck the pose of children with wide eyed wonderment, in anticipation of a Lehman Brothers buyout. Many wondered who would be the suitor to come a calling? What role would the American government play? Visions of the play by play rescue of Bear Stearns, Freddie Mac … (2 comments)
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