http://realestateinnewjersey.blogsome.com Selling, Buying, or just interested in HOMES FOR SALE... Wed, 14 Feb 2007 17:29:57 +0000 http://backend.userland.com/rss092 en By Jeff Bater and Brian Blackstone From The Wall Street Journal Online Existing-home sales in the U.S. fell in December, capping a soft year that saw demand make its sharpest drop in 24 years. Home resales fell to a 6.22 million annual rate, a 0.8% decrease from November’s revised 6.27 million annual pace, ... http://realestateinnewjersey.blogsome.com/2007/02/14/drop-in-existing-home-sales-for-2006-is-sharpest-in-24-years/ By James R. Hagerty and Ruth Simon From The Wall Street Journal Online Amid a continuing glut of homes for sale in most of the country, buyers should have plenty of choices and lots of bargaining power in the spring selling season — typically the busiest time of the year. Many builders and ... http://realestateinnewjersey.blogsome.com/2007/02/14/housing-glut-gives-buyers-upper-hand/ By June Fletcher From The Wall Street Journal Online As the national housing market continues to weaken, prices of homes in the $1 million range are slumping in many parts of the country. In once-golden Sunbelt cities like Miami and Santa Barbara, Calif., as well as in major Midwestern cities like St. ... http://realestateinnewjersey.blogsome.com/2007/02/14/low-end-of-luxury-home-sector-shows-some-signs-of-chill/ By Jeff Bater From The Wall Street Journal Online New-home sales finished 2006 on a positive note, rising a second straight month in December, but demand for the whole year took its biggest tumble since 1990. Separately, durable-goods orders climbed last month, boosted by a sharp jump in orders for commercial aircraft, though ... http://realestateinnewjersey.blogsome.com/2007/02/14/monthly-new-home-sales-rise-but-year-is-worst-since-1990/ By Ruth Simon From The Wall Street Journal Online As the number of borrowers falling behind on their mortgage payments climbs to the highest level in five years, the mortgage industry is trying new strategies to help bail them out. Much of the attention is on homeowners who in recent years took out ... http://realestateinnewjersey.blogsome.com/2007/02/14/banks-move-earlier-to-curb-foreclosures/ By Lingling Wei From The Wall Street Journal Online As the number of foreclosures rises, homeowners unable to make their mortgage payments are facing another growing threat: “foreclosure rescue” scams. State and federal authorities say they are investigating an increasing number of homeowner complaints about fraud and deception by companies that engage in ... http://realestateinnewjersey.blogsome.com/2006/11/30/scammers-target-homeowners-as-foreclosures-increase/ By Ryan Chittum From The Wall Street Journal Online Colony Capital Acquisitions LLC closed a long-awaited deal to take over a massive mall project in New Jersey from struggling real-estate investment trust Mills Corp. Also, Mills former Chief Executive Larry Siegel resigned his position as Mills chairman to help run the Meadowlands Xanadu ... http://realestateinnewjersey.blogsome.com/2006/11/30/colony-capital-closes-acquisition-of-massive-xanadu-mall-project/ http://www.realestatejournal.com/ As a weak housing market nudges the foreclosure rate higher, next year is looking promising for investors in distressed real estate. So far, the U.S. housing slump hasn’t produced a bonanza for such investors, but lenders stuck with foreclosed property are becoming more inclined to slash prices or sell properties through ... http://realestateinnewjersey.blogsome.com/2006/11/30/distressed-real-estate-priced-to-sell-in-2007/ The Associated Press By MARTIN CRUTSINGER Sales of existing homes posted a tiny increase in October but the median home price fell by a record amount. Analysts forecast more price declines in coming months as the once-booming housing market undergoes a painful correction. The National Association of Realtors said Tuesday that existing home ... http://realestateinnewjersey.blogsome.com/2006/11/30/existing-home-sales-rise-prices-fall/ By James R. Hagerty From The Wall Street Journal Online Just when the gloomier pundits were starting to enjoy the housing slump, optimists are piping up to declare it could be almost over. Former Federal Reserve Chairman Alan Greenspan, whose interest-rate cuts helped create what he once called “froth” in house prices, said ... http://realestateinnewjersey.blogsome.com/2006/10/31/some-predict-that-the-worst-of-housing-slump-has-past/