Branchblog is the sole creation of Chip Hughes, Broker/Owner of Re/Max Hills & Valley, Branchburg, NJ. All opinions (especially the incendiary stuff) are his alone and not necessarily shared by Re/Max of New Jersey or Re/Max International. Long story short, if you’re itching for a scrap, come at me…not them.
Thanks.
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March 11th, 2007 at 2:15 pm
Just saw your post on the IAFF blog… (still trying to understand that guy).. anyway you encapsulated everything I feel when reading that blog.
September 26th, 2009 at 8:20 pm
Chuck,
I have been browsing your blog for some time now. You sound less like a realtor and more like a cynic ( compliment ). Unfortunately so far, you and I have both been so far proven wrong. I am waiting on the sidelines for a few years now and still the armageddon is not coming. It did almost in the job market, but bridewater branchburg real estate is still holding on…..
I see lis pendins for few quarters and yet no foreclosing on them. I am holding on for few more months then will jump in (or rather pushed in by my wife )…
Pradeep
September 27th, 2009 at 4:08 am
Hang in there, Pradeep. You have to remember that in Somerset Co right now, it takes six months just to file the lis pendens and another 12-18 months for the judgment and docketing for sheriff sale. Believe me when I tell you that the real pain hasn’t even begun yet, as the white collar job loss in Bridgewater/Branchburg didn’t start until a few months ago.
I don’t know what you’re looking at, but Branchburg/Bridgewater RE is most certainly NOT holding on. We’re looking at blanket 20-25% drops vs the 2005 peak, and I fully expect that prices will pull back to pre-9/11 levels before this mess is over.