2010 Sep 1st

The Weekly Wednesday Wrap Up – Hoboken Condo Sales & Activity for the Week of August 31st

Categories: Weekly Wednesday Wrap Up

Hoboken Condos Sales & Activity – Week of August 31th

Very often I go out with buyers who see a property that “needs a little work”.  They talk about redoing a kitchen or changing the fixtures in a bath like it’s changing socks.  I just renovated the teeny, tiny kitchen in my 25 year old condo in Manhattan and spent the entire week putting out fires lit by incompetent workers.  If water leaks on your brand new tile floor, they don’t bother to wipe it up.  Instead, the grout gets stained and the floor has to be redone.  If the walls are crooked because the building settled over quarter of a century they don’t adjust the cabinets, they just hang them so you can see the uneven raw edges.  My point is that for all you buyers out there looking for a ‘fixer upper’ or willing to do a little work - there is no such thing as a little work. Unless you have unlimited funds to throw at it, any renovation job is exhausting, time consuming and more expensive than you expect.  So that’s why this is so late today.  I was mopping up sheet rock dust while my tenant was moving in.  Ugh!  Thanks for your patience.

The Weekly Wednesday Wrap Up
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Disclaimer:  The data relating to real estate transactions on this web site comes in part from the Hudson County MLS.  While some of these listings are, in fact, our listings they are not ALL our listings nor do we hold them out as such.   Century 21 Listings are identified with “C21″ after the address. Other listings are from the MLS and are identified with “MLS” after the address.  Information is deemed reliable but not guaranteed.

Studio & 1 Bedroom Hoboken Condos:

15 new listings

182 active

6 Dabos

4 Sold

8 price reductions

Two Bedroom Hoboken Condos:

15 new listings

250 active listings.

3  Dabos

16 sold

12 price reductions

Three Bedroom and Larger Hoboken Condos:

4 new listing

51 active listings.

1  Dabo

5 sold

4  price reductions

Hoboken Condo Open Houses

If you are in the market for a Hoboken condo, our Hoboken Open House Google Map is your best source for locating every open house in Hoboken. It is the single, most complete listing available and we were the first ones to do it. We compile the information by hand from all possible sources to provide you with all the information you need in one spot. It’s posted on Friday every week.

Want to Receive New Listings & Price Reductions Daily?

If you would like to be emailed the new listings and price reductions each weekday in either 1br, 2br or 3br categories just email us at info@hobokensbest.com letting us know which size(s) you would like and we’ll add you to the daily email list.

For more information you can always contact us at 201 993 9500.

Thanks for reading and, as always, we welcome your comments!

Posted by Lori Turoff | Currently 21 Comments »

2010 Aug 25th

The Weekly Wednesday Wrap Up – Hoboken Condo Sales & Activity for the Week of August 24th

Categories: Weekly Wednesday Wrap Up

Hoboken Condos Sales & Activity – Week of August 24th

“Housing Market Plunged in July, Fueling Anxiety” plunging man

Today’s front page of the NY Times has some grim headlines, and says no region has been spared and that prices are expected to fall further. July housing sales were 25.5% below the level of a year ago, according to NAR and the volume of single family home sales was the lowest since 1995. This was worse than expected and caused the stock market to take a hit as well. According to the article, even today’s historically low mortgage rates, depressed home prices, and government loan programs are not doing the trick of bringing buyers back to the table. Are Hoboken or Manhattan really that different? There are arguments that can be made on both sides of the debate. For some good news, Hoboken inventory has remained below 500.

The Weekly Wednesday Wrap Up
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Disclaimer: The data relating to real estate transactions on this web site comes in part from the Hudson County MLS. While some of these listings are, in fact, our listings they are not ALL our listings nor do we hold them out as such. Century 21 Listings are identified with “C21″ after the address. Other listings are from the MLS and are identified with “MLS” after the address. Information is deemed reliable but not guaranteed.

Studio & 1 Bedroom Hoboken Condos:

4 new listings

189 active

2 Dabos

7 Sold

6 price reductions

Two Bedroom Hoboken Condos:

7 new listings

257 total listings.

5 Dabos

4 sold

8 price reductions

Three Bedroom and Larger Hoboken Condos:

4 new listing

51 active listings.

1 Dabo

2 sold

no price reductions

Hoboken Condo Open Houses

If you are in the market for a Hoboken condo, our Hoboken Open House Google Map is your best source for locating every open house in Hoboken. It is the single, most complete listing available and we were the first ones to do it. We compile the information by hand from all possible sources to provide you with all the information you need in one spot. It’s posted on Friday every week.

Want to Receive New Listings & Price Reductions Daily?

If you would like to be emailed the new listings and price reductions each weekday in either 1br, 2br or 3br categories just email us at info@hobokensbest.com letting us know which size(s) you would like and we’ll add you to the daily email list.

For more information you can always contact us at 201 993 9500.

Thanks for reading and, as always, we welcome your comments!

Posted by Lori Turoff | Currently 2 Comments »

2010 Aug 18th

The Weekly Wednesday Wrap Up – Hoboken Condo Sales & Activity for the Week of August 17th

Categories: Weekly Wednesday Wrap Up

Hoboken Condos Sales & Activity – Week of August 17th

The Future of US Housingreality check

Freddie Mac, Fannie Mae and the FHA currently guarantee 90% of all home mortgages. Yesterday in Washington a conference on the future of the US Government’s role in the housing market and the roles of Fannie Mae and the other GSEs made it clear that things are going to change. Tim Geithner said “”There is a strong case to be made for a carefully designed guarantee in a reformed system, with the objective of providing a measure of stability in access to mortgages, even in future economic downturns,” but the Secretary of HUD wants the government’s footprint to be much smaller than it is presently. Bill Gross, who runs Pimco, the world’s biggest bond fund and among the largest holder of US-backed mortgage securities, on the otherhand, urged for full nationalization of housing finance. He doesn’t believe it possible for the private market to ever come back. The co-president of Wells Fargo Home Mortgage, Mike Held, said “The policy challenge will be “how to marry this government guarantee with the maximum use of private capital in a way that minimizes the risk to the taxpayer, encourages competition, and ensures no one institution is too big to fail,” Heid said.The policy challenge will be “how to marry this government guarantee with the maximum use of private capital in a way that minimizes the risk to the taxpayer, encourages competition, and ensures no one institution is too big to fail,” Heid said the policy challenge will be “how to marry this government guarantee with the maximum use of private capital in a way that minimizes the risk to the taxpayer, encourages competition, and ensures no one institution is too big to fail.”   Taxpayers have paid for about $150 billion in aid to rescue Freddie & Fannie. Should this continue?

The Weekly Wednesday Wrap Up
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Disclaimer: The data relating to real estate transactions on this web site comes in part from the Hudson County MLS. While some of these listings are, in fact, our listings they are not ALL our listings nor do we hold them out as such. Century 21 Listings are identified with “C21″ after the address. Other listings are from the MLS and are identified with “MLS” after the address. Information is deemed reliable but not guaranteed.

Studio & 1 Bedroom Hoboken Condos:

10 new listings

189 active

5 Dabos

None Sold

8 price reductions

Two Bedroom Hoboken Condos:

12 new listings

257 total listings.

3 Dabos

7 sold

13 price reductions

Three Bedroom and Larger Hoboken Condos:

3 new listing

51 active listings.

1 Dabo

1 sold

2 price reductions

Hoboken Condo Open Houses

If you are in the market for a Hoboken condo, our Hoboken Open House Google Map is your best source for locating every open house in Hoboken. It is the single, most complete listing available and we were the first ones to do it. We compile the information by hand from all possible sources to provide you with all the information you need in one spot. It’s posted on Friday every week.

Want to Receive New Listings & Price Reductions Daily?

If you would like to be emailed the new listings and price reductions each weekday in either 1br, 2br or 3br categories just email us at info@hobokensbest.com letting us know which size(s) you would like and we’ll add you to the daily email list.

For more information you can always contact us at 201 993 9500.

Thanks for reading and, as always, we welcome your comments!

Posted by Lori Turoff | Currently 10 Comments »

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