Short Hills Real Estate |
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 Vulture Q&AVulture photo by Szabolcs Kokay. |
Updated August 21, 2010New items appear in blue and in Q&A section.Zillow Format ChangedQ&A Feature RemovedLast month Zillow removed its Q&A feature. Consumers are no longer able to comment on houses for sale. Because of this change the links on this site no longer function. Caveat emptor.July NJ Unemployment RateNo End in Sight Source: http://lwd.state.nj.us/labor/lwdhome/press/20100818_unemployment_release.html Q1 2010 Delinquency RateNo End in Sight Source: Federal Reserve Bank American Dream Becomes Debt-Filled Nightmare, Take 2Among US workers: • 27% have less than $1,000 in savings. • 24% have postponed their planned retirement age in the past year. • 54% have less than $25,000 in savings. • 54% have not calculated their financial needs for retirement. • 43% have less than $10,000 in savings. Short Hills Inventory to Increase 25% Next Year Planning to list a property next year "when the market improves"? Currently listed but putting off price reductions to meet the market, because they're not making any more land? Well, there are 6 acres of new land coming on the market next year. The Chanticler catering hall will disappear, and the 6-acre site will soon feature 30 "upscale luxury" townhouses, each with: • Marble foyers and circular staircases • "Exquisite design" and "old world charm" • Gleaming hardwood floors • Granite counters • Viking and Sub-Zero appliances • 3,600 to 3,900 square feet of living area • Two car garages • Three car driveways • Walk to Midtown Direct train • Walk to downtown shops and restaurants • Modern insulation, plumbing, electrical, heating, windows, and doors - Landmark Chanticler caterers to become luxury condo site - Chanticler unveils plans for luxury townhouses Uncharted Waters Source: Federal Reserve Bank House of CardsWhy The Meltdown Has Only Just BegunNJ Realtors Deceive Consumers With "Relisting"NAR: "No relisting regulation needed since there's no problem"Study: American Dream Becomes Debt-Filled NightmareAmong those earning over $100,000 annually: • 42% concerned they'll be unable to sustain current lifestyle. • 53% worried about job loss in next 12 months. • 29% can't survive 1 month after a job loss. Short Hills Realtors: Prices falling, 4th quarter 2008 "by far the worst" ever seen.Real Estate Expert Responds to Vulture Critics:"When I came across C.V.'s comments on Zillow, it reminded me of just how critical that market information is. Realize folks, this uproar by Short Hills real estate agents isn't because of a few snarky comments, it's because someone is making data available to the buyers. Once the data is public, it becomes impossible to use that data to persuade buyers. Just look at the outrage caused by someone making a few numbers public? Just as the financial media today talk about transparency being necessary for a functioning market, these agents would prefer to operate in their own mark-to-myth world where only they know the state of the market, and can profit from that." Low Income Housing Coming to Rippling Brook DriveBloody Monday: 71,400 US Jobs Lost in 1 DayMortgage Meltdown: 2nd Wave Yet to ArriveThis Just In...
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