Home Sale UP, Confidence UP…..Bottom anyone?

Bloomberg reported that home values in 20 U.S metropolitan areas probably decreased at a slower pace while consumer confidence climbed.  Could this be a sign that the recession is letting up as real estate inventory dissipates?  Of course this is a major part in dictating a bottom, but lets also not forget that we have [...]

Meadowlands Xanadu.. What do you think?

July 2010 Update on Xanadu or The New Meadowlands: Three sources familiar with a proposal under serious consideration by the Christie administration said that taxpayers — via a provision of the state’s Economic Stimulus Act of 2009 — could, in effect, invest about $180 million in the long-stalled project. That money would come in the [...]

Toll Brothers Stock Up 14.3%…Good News for real estate

The most recent report from Toll Brothers, a massive New Jersey real estate developer, mentioned stronger than expected orders for the fiscal third quarter ending July 31.  Tax incentives, low mortgage rates, and discounted prices are likely to blame.  Toll’s stock price surged 14.3% to $23.40 Wednesday as investors saw the luxury home builder’s preliminary [...]

Shameless, Responsible, or Ignorant to Walk Away?

Over the last 3 years, 2.9 million homes have went into foreclosure.  For the point of this article, let’s assume that most of those foreclosures were executed over the last 2 years, which is the heart of the worse economic crisis we have seen in the U.S. since the Great Depression.  Today, the midpoint of 2009, [...]

Are appraisers F’ing up your deals??!!

It’s hard enough to sustain a living when you are in the real estate industry.  Whether you are a builder,  broker, agent, mortgage broker, banker, or whatever, most of us rely on one guy (or gal).  Appraisers.  As long as the appraisal comes in at or above the purchase price, you are safe.  Although you [...]

First Time Homebuyer / Investment Property Real Estate Consulting

We offer a free real estate consultation for any and all homeowners looking to purchase a home.  Whether you are a first time homeowner or seasoned real estate investor, one of our main agents with NJREG can provide you with expertise opinions.  Ultimately it is your choice of any home out there.  We want to [...]

Warren Buffett.. Manipulative, Genius, or Both?

Warren Buffett beat me on the Forbes Richest People’s list by a few hundred dollars, so I guess he can’t be that much of a buffoon, but his latest comments kind of irked me.  I’ve been asking this question to myself for years, because Buffett has so much credibility in most secters, that a statement [...]

How the foreclosure crisis helps apartment complex investors

If anyone like myself is interested in investing in multi-family real estate, chances are you noticed that over 45% of your marketplace is either in Foreclosure, shortsales, or REO’s, excluding certain metro markets like Hoboken.  This doesn’t count the millions of others that are in 30 day defaults and likely heading that way.  It makes a real [...]

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