Friday, March 31, 2006

Blame the Media

A few of the Realtors of that I have spoken to are both cognizant and dismissive of the real estate bubble and have suggested that the media is at least partially to blame for the bubble talk. (Likely instead of all the open house signs on seemingly every corner for the past 12 Sunday.)

From Business Week

Snip…

“Some of these realtors I spoke to were looking to blame the inevitable cyclical nature of real estate on something. Many of them are coming off their best year ever in the residential real estate business, but they seem to have forgotten that like stocks, real estate goes up and down. When business gets tough, that’s when it is time to start thinking out of the box and get creative.”

Full article…

54 Comments:

Anonymous Anonymous said...

Well we could blame the media for the way up also, all the talk of bidding wars, values soaring , helped this move in the up direction, this bubble talk will help with the down direction

Friday, March 31, 2006 2:39:00 PM  
Blogger nschock said...

You mean property values can actually decline? That's not what my realtor said. :-)

Friday, March 31, 2006 3:07:00 PM  
Anonymous Anonymous said...

Anyone watch "Close to Home" tonight - great story about the crooked real estate, appraisal, and investor scheme! It has made a prime time television show!

bh

Friday, March 31, 2006 10:10:00 PM  
Anonymous Anonymous said...

Anyone familiar with the market around Freehold? Drove through there last night. Lots of for sale signs at the entrances to a couple of smallish (not brand new) subdivisions. Seems worse than here in Red Bank, Little Silver/Oceanport. The thing I'm really curious about, re the outskirts of Freehold, is that there are some brand new developments, some homes not finished yet, with really, really huge McMansions. I wonder what will happen to those places? Can't believe there is a sufficient market for all those giant homes in that area, but maybe I'm wrong (I'm not from around here and have only been here for 2 years).

Saturday, April 01, 2006 11:35:00 AM  
Blogger njcoast said...

Here's some stats from the Monmouth County Assn of Realtors MLS for March 2006

Asbury Park
new listings-22
under contract-9
closed-6
contract withdrawn-1
contract expired-8
%selling price/list price-97.17%

Atlantic Highlands
new-22
u.c-2
closed-2
c.w.-6
expired-1
%SP/LP-95.04%

Belmar
new-10
u.c.-8
closed-6
c.w.-0
expired-2
%SP/LP-96.63

Bradley Beach
new-14
u.c.-4
closed-3
c.w.-0
expired-0
%SP/LP- 96.69%

Colts Neck
new-31
u.c.-18
closed-6
c.w.-5
expired-6
%SP/LP- 97.76%

Fair Haven
new-26
u.c.-11
closed-3
c.w.-3
expired-2
%SP/LP- 99.27%

Freehold Boro
new-40
u.c.-11
closed-6
c.w.-5
expired-4
%SP/LP- 96.84%

Freehold Twnshp
new-76
u.c.-25
closed-19
c.w.-13
expired-8
%SP/LP-95.65%

Holmdel
new-56
u.c.-20
closed-9
c.w.-7
expired-6
%SP/LP-96.51%

Little Silver
new-20
u.c.-7
closed-8
c.w.-1
expired-3
%SP/LP-97.46

Long Branch
new-55
u.c.-17
closed-9
c.w.-6
expired-9
%SP/LP-94.96%

Manasquan
new-32
u.c.-15
closed-7
c.w.-3
expired-2
%SP/LP-94.79%

Monmouth Beach
new-6
u.c.-0
closed-2
c.w.-0
expired-3
%SP/LP-89.29

Neptune Twnshp
new-62
u.c.-34
closed-20
c.w.-13
expired-13
%SP/LP-86.32%

Ocean Twnshp
new-56
u.c-21
closed-11
c.w.-4
expired-13
%SP/LP- 97.13%

Rumson
new-26
u.c.-12
closed-8
c.w.-8
expired-2
%SP/LP-92.02%

Seagirt
new-16
u.c.-4
closed-2
c.w.-3
expired-0
%SP/LP-95.21%

Spring Lake
new-19
u.c.-3
closed-3
c.w.-2
expired-2
%SP/LP-74.89%

Please note that the %SP/LP is most times inaccurate because alot of the withdrawn and expired contracts are relisted with new MLS #'s and prices so the stat does not reflect the ORIGINAL list price.

Saturday, April 01, 2006 10:03:00 PM  
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Good information. Thank you.

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Monday, April 24, 2006 1:52:00 AM  
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Saturday, May 27, 2006 4:51:00 PM  
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Sunday, May 28, 2006 11:32:00 AM  
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Sunday, May 28, 2006 11:43:00 AM  
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Anonymous Anonymous said...

In the year prior to Hurricane Wilma, which ripped through south Florida in October, 2005, 64 homes had new owners at the . A snapshot of the present may show the Housing Bubble has already popped. Read more ....

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Anonymous Anonymous said...

With the , you don't have strangers coming through your home, day after day, often week after week, at times which are not always convenient. Your home must look great ... truly great ... for one weekend only .

Thursday, July 13, 2006 9:19:00 AM  
Anonymous Anonymous said...

In the year prior to Hurricane Wilma, which ripped through south Florida in October, 2005, 64 homes had new owners at the . A snapshot of the present may show the Housing Bubble has already popped.

Thursday, July 13, 2006 7:19:00 PM  
Anonymous Anonymous said...

Hint #13 for . Three is A Crowd: Avoid having too many people present during a showing. Potential buyers need to feel at home, not like intruders being hurried through the house.

Thursday, July 13, 2006 7:44:00 PM  
Anonymous Anonymous said...

Hint #6 for . Clutter will clog a sale: Display the full value of your space by removing all unnecessary articles. Consider storing things you don't need all the time.

Saturday, July 15, 2006 1:41:00 AM  
Anonymous Anonymous said...

Someone knows how to bring a lot of into your home, over a single weekend. Opportunity attracts them. Emotion captures them. Competition excites them. Their wallets open. Top dollar for your home pops out in an open bidding process that concludes on a single Sunday afternoon .

Saturday, July 15, 2006 6:27:00 PM  
Anonymous Anonymous said...

In this "cooling off" real estate market, suggest that the average residence is shown about 4 times a week during the first 3 weeks of a real estate listing. After that, an unsold home goes "stale" ... it gets shown less .

Saturday, July 15, 2006 7:40:00 PM  
Anonymous Anonymous said...

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Sunday, July 16, 2006 10:19:00 AM  
Anonymous Anonymous said...

. Be It Ever So Humble: Never apologize for the appearance of your home. After all, it has been lived in. Let the trained agent answer any objections. That's the job of your Realtor�.
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Tuesday, July 18, 2006 1:59:00 AM  
Anonymous Anonymous said...

Hint #3 for . Let The Sun Shine In: Open draperies and curtains and let the prospect see how cheerful your home can be. Dark rooms do not appeal. One trick which always seems to work is to replace 60-watt bulbs with 100-watt bulbs, and have your Realtor� turn them all on, even for a daytime showing (and off again after the showing).

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