Hoboken Condo Report – June 2011
Who doesn’t believe in trends? The Hoboken real estate / condo market is following a very similar pattern as it did in 2010. This year is averaging about 10% less in performance than 2010, but we just got over the height of the Tax Credit this time last year so this was anticipated for a [...]
Hoboken Real Estate Report – May 2011
Hoboken real estate had a killer month in May. Coincidentally, we followed the same trajectory as this time a year ago when the First Time Homebuyer Tax Credit was in its final month. There are no government incentives these days and the comparable trajectory to last year shows that the market can improve without these [...]
Short Sale scam cheats banks, sellers?? Really??
June 8, 2011 by admin
Filed under Income Property
I felt compelled as a real estate investor to write a response to a recent couple of articles I have read. My practice is in New Jersey and Florida and most of you know my reasons and business ties. I am a typical residential real estate agent, commercial broker of multi-family, and a real estate [...]
Montclair Real Estate Report – May 2011
The NY Metro Suburb of Montclair had a great sales month in May for Single Family Homes, however inventory remains slightly high. What stuck out to me most this year, however is the trend of sales from 2009 (shown in line graph below). Beginning in the Spring season, which is typically March, sales begin to [...]
Apartment Complex Investors – Multi Family Residential
May 9, 2011 by admin
Filed under Blog, Condo Buildings, Income Property
As the Northern New Jersey housing market works into its final stages of finding the bottom in many sub-markets, more and more demand for rental units continue to heat up. Challenging home financing requirements, foreclosed / short sale homeowners who are pretty much forced to rent, and preference of lowering personal living expenses are just [...]
Ridgewood April 2011 Housing Market Update
While Ridgewood NJ real estate was enjoying the bragging rights to high demand and low inventory as nearly every other submarket struggled with high inventory levels, the pattern has shifted a bit. While inventory levels are falling in many areas, Ridgewood is experiencing a growing amount of new listings, however the monthly sales pace is [...]
Downtown Jersey City Condo Report – April 2011
Year to date, the biggest news in Downtown Jersey City is the fact that Crystal Point has sold more than 30 units during the first quarter of 2011. Averaging 10 sales per month in a building like this suggests realistic pricing and favorable operating expenses along with its superior location. More than 80% of the [...]
Hoboken Condo Report – April 2011
The Hoboken real estate market is continuing to outperform other urban markets. The improving job market combined with low prices and interest rates are fueling the drive. A clear indication that the market is doing well is the rate of absorption. The rate of absorption is the amount of time in months it would take [...]
Hoboken Condo Sales Price / SF Report
In addition to the monthly and quarterly sales reports on the Hoboken condo market, I am always curious to know what the sales price per square foot is in any given real estate market. This, in my opinion gives a better indication on what your money buys and how much the market has gained or [...]
JP Morgan Chase earnings soar – Mortgage Losses High
JP Morgan Chase, the second largest bank in the world as far as assets, earned $5.6 billion during Q1 2011 which boosted shares up to $1.28, exceeding 28 analysts expectations of $1.15. These earnings are up 67% from the $3.3 billion earned during this period a year ago. Earnings are up 15% since Q4 2010. [...]
