Wednesday, June 07, 2006

Northern New Jersey Weekly Inventory Update

GSMLS - http://www.gsmls.com
(Garden State Multiple Listing Service)
Single Family Homes, Condo, Coop
(Bergen, Essex, Hudson, Morris, Passaic, Somerset, Sussex, Union, Warren Counties)


5/31 - 17,345
6/7 - 17,708 (2% Weekly Increase)


NJMLS - http://www.njmls.com
(New Jersey Multiple Listing Service)
Single Family Homes, Condo, Coop
(Bergen, Essex, Hudson, Passaic Counties)


5/31 - 8,563
6/7 - 8,725 (1.9% Weekly Increase)


MLSGuide - http://www.mlsguide.com
Single Family Homes, Condo, Coop
(Hudson County)


5/31 - 2,406
6/7 - 2,568 (6.7% Weekly Increase)

25 Comments:

Blogger grim said...

"Give me a "Booyah" Bob, one "Booyah" only, please."

6/07/2006 11:28:00 AM  
Blogger Richie said...

Seems like the pace is accelerating. I remember the past few increases were in the 1's; now we're hittin the 2's..

6/07/2006 11:31:00 AM  
Anonymous Anonymous said...

holy crap... hudson county weekly increase is huge!
and there is still so much new construction coming to market every month

bobby

6/07/2006 11:32:00 AM  
Blogger minutesfromNYC said...

I guess the value isn't mostly in land lol

6/07/2006 11:33:00 AM  
Anonymous Anonymous said...

Bob ... where are you?

We Miss you !!

6/07/2006 11:37:00 AM  
Blogger grim said...

I wouldn't put too much weight into the Hudson jump on MLSGuide. Numbers on that system tend to jump around a bit in comparison to the others.

grim

6/07/2006 11:41:00 AM  
Blogger RentinginNJ said...

Grim,

Please forgive me if you explained this before, but the GSMLS home page states, “Currently, there are 30,341 properties advertised for sale in NJ on our site.”

What is the difference between the number above and your number? (i.e. 6/7 - 17,708 (2% Weekly Increase))

Thanks

6/07/2006 11:46:00 AM  
Blogger RichInNorthNJ said...

For the curious in Bergen County, here are the number of residential SFH listings NOT including condos & co-ops from NJMLS

03/03 3,132
03/10 3,230
03/17 3,337
03/23 3,432
03/30 3,543
04/05 3,628
04/12 3,706
04/19 3,781
04/24 3,856
05/08 4,082
05/15 4,174
05/22 4,292
05/29 4,352
06/05 4,382
Today 06/07: 4,419

6/07/2006 11:52:00 AM  
Anonymous Anonymous said...

rentinginnj -
grim's number is only for certain types in certain counties.
the number you posted is overall

6/07/2006 12:00:00 PM  
Anonymous UnRealtor said...

Captain Ramius: Give me a ping, Vasili. One ping only, please.

Capt. Vasili Borodin: Aye, Captain.

http://www.moviesounds.com/redoct.html

"The Hunt for Red October" (1990)

6/07/2006 12:01:00 PM  
Anonymous gary said...

Send lawyers, guns and money, the sh*t has hit the fan.

6/07/2006 12:09:00 PM  
Anonymous Anonymous said...

The Pricing coooollapse has begun.

SSSSSSSHHHHHHH SSSSSSHHHHH

It's a secret!

Starving realtors and Money grubbing sellers haven't heard yet.

Bababababababa

Papapapapappaa

Bob

6/07/2006 04:45:00 PM  
Anonymous Anonymous said...

parabolic Inventory increases next several months.

"Welcome to the new home of Garden State MLS’ public search engine. Currently, there are 30,431 properties advertised for sale in NJ on our site."

Bob has made an aggressive call.

40,000 party by end of September.

The Pricing Coooollapse secret will be out of the bag.

SSSSSSSShhhhhhhh

Babababababa

Bob

6/07/2006 04:48:00 PM  
Anonymous Anonymous said...

You can feel the tension and shaking from those in over the heads underwater highly leveraged gang.

To you patient prudent buyers. You will be smacking your lips soon.

One person's gain is anothers pain.

free markets work in both directions.

Babababababa

Bob

6/07/2006 04:50:00 PM  
Blogger chicagofinance said...

HOW A CREDITOR SAYS “I LOVE YOU”

New Bankruptcy Law: The Major Changes

President Bush signed the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 that took effect in October of last year.

To understand the major changes, it is necessary to first understand the two major bankruptcies; chapter 7 and chapter 13. A Chapter 7 bankruptcy was previously where debtors relinquished their non-exempt assets to a court-appointed trustee for liquidation. The proceeds were then used to settle as much debt as possible. The debtor was then discharged from any further obligation.

A chapter 13 on the other hand, was basically an agreed upon repayment plan based upon individual circumstances and usually lasted between 2 and 5 years. In most instances, repayment ranged between 2% to 10% of total debt. The rest of the debt was discharged in a chapter 13 plan.

Here are some of the major changes in the new law:
It will be much more difficult for people to file a chapter 7 bankruptcy. Most will be required to file a chapter 13 bankruptcy.
Chapter 13 court ordered repayment plans will last for at least 5 years with a minimum repayment of 25% of debt.
Repayment plans will be based upon rigid formulas. There is much less flexibility in designing these plans.
It will be more difficult for debtors to keep their home and vehicle. Consumers must either surrender these assets or resign an agreement with creditors. Under current law, you can keep your home and vehicle if you continue to make the payments.
Second Mortgages will not be discharged if you continue to keep the house. Under current law, it’s possible to remove 2nd mortgage if you have negative equity.
Consumers will be required to pay for and attend credit counseling. Currently there is no such requirement.
The cost to file a bankruptcy will likely increase significantly. Costs will increase due to increased compliance and increased liability issues for lawyers.
Creditors may be able to exercise more control over your assets. Creditors will be able to review tax filings and compare them to court-filed documents and challenge discrepancies.

6/07/2006 04:50:00 PM  
Anonymous Anonymous said...

An "Ocean" of Houses for sale.

Be a pro be polite BUT bleed'em dry.

Papapapapa

Bob

6/07/2006 04:52:00 PM  
Blogger grim said...

Sorry about the downtime everyone..

6/07/2006 05:21:00 PM  
Blogger grim said...

unrealtor,

I was hoping someone would catch the reference.. :)

grim

6/07/2006 05:28:00 PM  
Anonymous Anonymous said...

I've been monitoring Piscataway(08854) inventory on a FSBO website. During the last 2 weeks inventory has jumped by about 15%.

6/07/2006 08:57:00 PM  
Anonymous Anonymous said...

If I spent as much time working on my own real estate sites as I do slogging thru blogging, I'd probably make more money. But I enjoy a good read. Thanks for the break. Stop by my site if you can.

6/15/2006 01:59:00 AM  
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