Chip's Blog

Here’s a gem of a townhome in one of Quailbrook’s best sections, offered at a value price of $289,000 SOLD. Heritage’s amenities also include a pool. Of course, this location guarantees that you’re just minutes away from Rutgers, Rt 287 and shopping. The owners have updated this place nicely, an...

The following table contains closed residential real estate transactions in Branchburg for the first calendar quarter of 2008 (January 1 to March 31). However, unlike the inaccurate information promulgated by most agents and media sources, the "DOM" (Days on Market) column indicates the sum of da...

The following table contains closed residential real estate transactions in Branchburg for October and November, 2007. However, unlike the inaccurate information promulgated by most agents and media sources, the “DOM” (Days on Market) column indicates the sum of days-on-market accrued through ser...

I could be mistaken, but:The current Secretary of the Treasury is advancing a SIV/commercial paper bank bailout that sounds suspiciously similar to the kinds of things Enron did that put several of their execs in jail and deep-sixed the company.Goldman Sachs has announced that- unlike every other...

The following is an e-mail I sent today to the only listing client I have who has even $1 of equity in her home.  She is, understandably, distressed as her home- which we have priced (and re-priced) to the falling market- gets hundreds of Realtor.com pageviews, 7-8 showings a week...and still doe...

Perhaps the song "Jingle Bells" should be retitled "Jingle Mail" if this bill can get thru the Senate and is signed by Dubya. When it passes, hundreds of thousands of homedebtors who own little more than call options on the homes they inhabit will simply either mail the keys to their lenders or s...

The following table contains closed residential real estate transactions in Branchburg for August, 2007. However, unlike the inaccurate information promulgated by most agents and media sources, the "DOM" (Days on Market) column indicates the sum of days-on-market accrued through serial listings o...

The following table contains closed residential real estate transactions in Branchburg for July, 2007. However, unlike the inaccurate information promulgated by most agents and media sources, the “DOM” (Days on Market) column indicates the sum of days-on-market accrued through serial listings of ...

The following table contains closed residential real estate transactions in Branchburg for May-June, 2007. However, unlike the inaccurate information promulgated by most agents and media sources, the “DOM” (Days on Market) column indicates the sum of days-on-market accrued through serial listings...

So now the FDIC is "taking a look" at hedge funds and other institutions who have loaded up on CDOs.  Talk about shutting the door after the horses have left the barn!  As these securities fall victim to rating agency downgrades- one by one- they will be dumped at fire sale prices.  Even worse, t...