Comments for Branchburg NJ Real Estate Blog

Comment on Expired by chatham homes

chatham homes — Wed, 24 Feb 2010 21:32:45 +0000

What a beautiful luxury home, its a shame the image is so very far away and grainy
We have found that real estate in our area is barely selling over tax assessment, however we are hopeful that some of the government improvements will bring the market around – Slowly as that may be.

Comment on This Isn’t Your Father’s Recession by John Gumersell

John Gumersell — Tue, 05 Jan 2010 17:09:18 +0000

Chip,

I just stumbled upon your blog. My family lives in Bridgewater and I moved a little north to the Chester area a few years back. I appreciate the perspective of anyone involved in Central or North NJ real estate.

This post is right on the money. The banks are only “kicking the can down the road”. Unless they come up with a better solution, we are in for a lot more pain.

Thanks for the info.

John
NJ Real Estate Lender

Comment on About the Blog by chughes

chughes — Sun, 27 Sep 2009 04:08:48 +0000

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.

Comment on About the Blog by Pradeep

Pradeep — Sat, 26 Sep 2009 20:20:43 +0000

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

Comment on Where Money Goes to Die by lostinny

lostinny — Sun, 23 Aug 2009 13:56:48 +0000

I emailed an att address. I don’t know if that’s right but now you should have mine. I don’t know if this posted the first time.

Comment on Where Money Goes to Die by lostinny

lostinny — Sun, 23 Aug 2009 13:55:53 +0000

I emailed an att address. I don’t know if that’s right but now you should have mine.

Comment on And I Thought People Were Gunning For Me… by maria008

maria008 — Wed, 20 Aug 2008 09:56:03 +0000

Apollo Management was actually the original private-equity sponsor of NRT — the vehicle that catapulted NRT into existence in the first place…..
=========================
maria

New Jersey Drug Treatment

Comment on And I Thought People Were Gunning For Me… by Tom

Tom — Wed, 04 Jun 2008 22:09:22 +0000

Wow! A blogger blogging about a writer that was fired for writing about local news in a real paper!

This is pretty sad. I don’t know what it is about real estate professionals but it seems that some don’t have a firm grip on reality. Just how some think the whole internet and looking for real estate on the internet is a fad.

They have been denying that there was a “bubble” for a long time and are unwilling to face the reality of the situation. You can’t cover your ears and scream “LALALALLALA I Can’t Hear you” and think everything is ok.

I couple years ago I was asked to tag along with a family member when they were looking at real estate. This was around the time some people were just starting to talk about inflated home prices. This was a good agent, don’t get me wrong, but when talking about what she thinks about the market and where it’s going she kept saying there was no bubble or this area wouldn’t be affected.

I knew better. Even in this popular area, people are having a hard time selling their homes. Some listings have dropped by almost 100k.

RE professionals can’t tell people the real estate market is falling because people will continue to wait before buying hoping to hit a bottom.

Just like with the tech bubble, people are going to try and keep it afloat for a long time until things finaly settle. If you make your living selling real estate, you can’t tell your buyers to wait and see what happens.

Although mrotgage companies seem to have wised up a bit. According to news reports they are denying loans to people they already prequalified. Hopefully they’re doing this when they think the value of the home doesn’t jive with the purchase price.

It is very sad that this person was fired for being honest.

Comment on And I Thought People Were Gunning For Me… by njpatient

njpatient — Sun, 01 Jun 2008 15:29:20 +0000

holy cr@p

this is among the reasons why I get most of my news these days via internet digging. For anyone who’s been paying attention (NY Times story on military “analysts”, recent Glenn Greenwald posts, the Judy Miller stenography flap, and most recently the accusations of Jessica Yellin and Scott McClellan), there’s very little reason left to expect honest reporting from the mainstream media, particularly where there is either money to be made or an election to be won.

Here’s hoping that the dangerously honest realtors like you and Chris Fountain prove to be the winning business model.

As you know, I’m buying in the Philly area at the end of 2009, and am desperately hoping to be able to find a local realtor like you or Chris.

Cheers

Comment on And I Thought People Were Gunning For Me… by rhymingrealtor

rhymingrealtor — Sun, 01 Jun 2008 13:53:47 +0000

Realogy’s troubles was fodder at the last office meeting I attended. I was surprised to find a very sucessfull broker, selling offices to become part of corporate.