Real estate trends, community events and other stuff happening in Branchburg.
From The Record, Sunday, April 29, 2007:
Ara Hovnanian, the company’s 49-year-old CEO, has been there through it all. The publicly held company was founded by his father in 1959, and he joined it 20 years later after receiving his bachelor’s and MBA from the Wharton School of the University of Pennsylvania.
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Q. How’s the …
From The Wall Street Journal, April 25, 2007:
Tighter credit and a growing glut of properties are depressing an already weak U.S. housing market, wrecking the industry’s hopes for an early rebound.
That leaves buyers in a strong position to negotiate for bargains during the spring home-shopping season, the busiest time of the year for housing sales.
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The Federal Reserve will have to cut interest rates in the second half of this year, partly to correct a housing market that’s overvalued by as much as 20%, bond guru Bill Gross told CNBC’s Joe Kernen on “Squawk Box.”
“They don’t want to recreate a situation such as they have witnessed in Japan where property …
From “Housing Panicâ€, April 14, 2007:
Subprime woes take toll on GE results
The US subprime mortgage crisis hit General Electric on Friday, wiping $373m from the industrial conglomerate’s first quarter profits and prompting its executives to warn of an incipient “bubble” in global credit markets.
GE said it had replaced the senior management team at its mortgage …
The following table contains closed residential real estate transactions in Branchburg for March, 2007. However, unlike the inaccurate information promulgated by most agents and media sources, the “DOM” (Days on Market) column indicates the sum of days-on-market accrued through serial listings of the same home (it is a common agent “trick” to withdraw and re-list …