Comments on: HAVE WE REACHED THE MARKET BOTTOM?

By: gabby weiss

gabby weiss — Fri, 16 May 2008 00:00:51 +0000

almost 1/2 a mil for a house for a YOUNG couple or maybe a YOUNG couple and a child…??? just how much money do you need to handle that kind of mortgage? what young couple can afford that? mom and dad can't get 1/2 mil out of their own home equity anymore.. sorry young couples, mom and dad won't be able to buy you the house. and that folks, is the long and short of it. hey mr. jennings…. SERIOUSLY lower the price and you'll sell.

By: Rosemary

Rosemary — Thu, 15 May 2008 08:54:24 +0000

Correction: it's .com, not .org

Wow, I think that's even worse!

By: Rosemary

Rosemary — Thu, 15 May 2008 08:52:35 +0000

Speaking of the Monmouth County Sheriff's Office, does anyone else find it a little offensive that the following is printed in large decals on the back of sheriff office vehicles:

http://www.sheriffguadagno.org

Ummm… How 'bout just:

http://www.visitmonmouth.com/sheriff

The latter is where one is automatically directed when entering the former, so I'm left with the conclusion that this is just political advertising on our dime.

Not right Kim.

By: JBJB

JBJB — Thu, 15 May 2008 08:34:54 +0000

Yea, the NAR has almost zero credibility - to them it's always a good time to buy. When asking prices come back in line with salaries, then we will have found a bottom, until then, expect more bloodshed.

By: IHMS

IHMS — Wed, 14 May 2008 21:21:09 +0000

Foreclosures in Monmouth County are on the rise. Take a look at the Monmouth County Sheriff's Sale website (updated weekly)- every week the list gets longer. Homes across the spectrum- Keansburg all the way to Rumson. And it appears that the crown jewel of Navesink River Road is in preforeclosure. All this supply will come to the market eventually, sending prices lower.

By: BLB

BLB — Wed, 14 May 2008 20:27:31 +0000

The NAR has seen more bottoms in the last two years than a free clinic proctologist. And there's another bottom-related metaphor I'm thinking of which describes what comes out of NAR mouthpieces (e.g., L. Yun).

Let's see:

* Some guy in LS has lowered his asking price over and over but still can't sell.

* Short sales are common if not on the rise.

Conclusion:

* RE is stabilizing.

A Soviet Politburo member would blush at this logic.

By: Riverview Neighbor

Riverview Neighbor — Wed, 14 May 2008 16:16:04 +0000

175 Riverview has not really "been on the market since December". Bruce didn't have it listed for sale, but just had it overpriced with a For Sale by Owner sign out front and now has it on the market in a discount For Sale by Owner service that you show it yourself.

I'm a marketing rep and I know enough to get a professional. Nowadays you need to really market it, not put a sign out and think that's going to do it. Bad example - overpriced doesn't sell in any market, it is not a symptom of this market. It was hard enough to get our well priced house sold with top exposure on hundreds of web sites, never mind a do it yourselfer with an ad on craigslist.

This is not meant as criticism of Bruce, just that this is a poor example to illustrate your story.

By: Riverview Neighbor

Riverview Neighbor — Wed, 14 May 2008 16:15:17 +0000

This is not meant as criticism of Bruce, just that this is a poor example to illustrate your story.