No Paws Left Behind

Displaced borrowers haven't been the only victims of the foreclosure crisis. An alarming number of pets are being abandoned in vacant homes and properties. Shelters in areas with high numbers of default properties and foreclosures have warned of over-crowding of animals while neighbors of foreclosed properties report stray animals roaming the streets and parks.

No Paws Left Behind is one way that Real Estate Professionals can help save these animals. 63 percent of U.S. households own a pet, according to the 2007-2008 National Pet Owners Survey, which equates to 71.1 million homes. If foreclosure rates continue at current levels, more than one million animals could be abandoned over the course of the next year.

Bloomfielders for the 350 Project

Congratulations to Bloomfield's environental groups led by Bloomfield College.for your valiant efforts, on a stormy Saturday, in supporting the 350.org efforts on climate change awareness.
I just wish they were positioned a little closer to the cameras.(Click on photos to enlarge)

New British Map shows Impact of Climate Change

The British government yesterday raised the political stakes on climate change when it published a new map of the world that details the likely effects of a failure to cut greenhouse gas emissions.

The map shows the impact of an average 4 degree Centigrade rise in global temperature, which John Beddington, the government's chief scientist, said would be "disastrous". A study by the Met Office last month said that such a 4C rise could come as soon as 2060 without urgent and serious action to reduce emissions.

There's Still Time to Get Your $8,000

Know anyone ready to purchase their first home? There's still time to move to receive that $8,000 Tax Credit before it expires on November 30. We work with attorneys and Mortgage specialists who(depending on the situation) can help you close on a home in less than 4 weeks -- if you act NOW.

Treehouses On the MLS

Tree houses are a dream living space for so many kids, yet some of the most amazing tree buildings are planned, designed and constructed for adults – from restaurants and resorts to homes away from home. Not something you'd expect in NJ, this one posed a bit of a challenge for one Montclair homeowner. We have mobile homes in Wayne listed for less than this sky high property -- but that's another story.

Once a far-fetched futuristic idea, a living tree building is now not only possible but is also a reality – amazing living architecture that uses growing trees as their structural supports, twisted, shaped and connected as they make their way skyward.

Mortgage Delinquicies Mapped by County

The Federal Reserve considers the record rate of mortgage delinquencies, foreclosures and their impacts on communities an urgent problem. The New York Fed uses its expertise and knowledge to provide detailed data on U.S. credit conditions to the public to establish a body of factual data for use in forming policy decisions and developing mortgage foreclosure mitigation efforts.

The website, which also tracks other measures of consumer credit, including auto loans, student loans, and bank loans, is intended to help "government agencies, community groups, commercial institutions and other practitioners better understand, monitor and respond to local conditions associated with foreclosures and credit and mortgage delinquencies.

(The New York Fed's site has full data on each county.)
Red indicates counties where delinquencies have worsened, green indicates areas where conditions have improved, and the gray shading indicates areas where there has been no change. See extended comments at Huffington Post:

Climate Change Brewing Washington State

Visibility dropped to zero in parts of eastern Washington on October 4, as a large dust storm blew through. This image of the storm was captured on NASA’s Terra satellite shortly after noon. According to local news, the storm brought strong winds gusting to 43 miles per hour in places that propelled the dust across the southeast corner of the state. After numerous multi-vehicle accidents, sections of Interstate 90 near the town of Moses Lake and several local roads had to be closed for several hours.

Looking a bit like a new Starbuck's concoction, A thick, rippling plume of dust runs northeast to southwest through the center of the image. Dust stretches as far south as the cities of Pasco and Kennewick, which sit on opposite banks of the Columbia River.

Building An Even Better Lightbulb

Compact fluorescent light bulbs (CFLs), though far more energy efficient than their incandescent, have their critics. The lighting quality tends to be less intense and cool. They also contain trace amounts of mercury, posing health-related breakage and disposal concerns.

The L Prize is the first government-sponsored technology competition designed to spur lighting manufacturers to develop high-quality, high-efficiency solid-state lighting products to replace the common light bulb. Among the requirements is that the bulb must last more than 25,000 hours -— about 25 times longer than a standard light bulb.

The competition will substantially accelerate America's shift from inefficient, dated lighting products to innovative, high-performance products. Just as Thomas Edison transformed illumination over a century ago, the L Prize will drive innovation and market adoption.

The Department of Energy has announced that Philips Electronics has submitted the first entry in the L Prize competition. "The race is on," said DOE Solid-State Lighting Program Manager Jim Brodrick. "Philips is the first to submit a formal L Prize entry, demonstrating their leadership and corporate commitment to energy conservation in lighting. Philips' entry into the competition is a clear signal that massive energy savings from solid-state lighting are within our grasp. The field is wide-open, and we hope to see more entries from both large and small manufacturers."

Avoiding A Housing Relapse

Bloomberg is warning that the recovering housing market may be heading for a relapse as President Obama and Federal Reserve Chairman Ben Bernanke consider ending support for the industry that is widely viewed as he source of the global financial crisis.

The Obama administration is studying whether to let a first-time home buyers’ tax credit expire as scheduled at the end of November. The $8,000 credit has had a major impact on the demand for hew and existing homes in most markets nationwide, with new-house sales rising 9.6 percent in July from the prior month, the most since 2005.

Ending these efforts may stifle the housing rebound by depressing sales and pushing up both mortgage-backed bond yields and interest rates on home loans, even in the face of the record-low zero to 0.25 percent short-term rates the Fed has engineered, said economist Thomas Lawler.

New FDIC Info to Prevent Foreclosures.

The Federal Deposit Insurance Corporation (FDIC) announced on Wednesday that it is releasing a free tool kit of information that will help borrowers, community stakeholders and the banking industry avoid unnecessary foreclosures and stop foreclosure "rescue" scams that promise false hope to consumers at risk of losing their homes.

The tool kit includes critical information to help borrowers know who to contact and what documents they need to have available to apply for a loan modification that could save their home from foreclosure. This tool kit also describes the warning signs of potential foreclosure "rescue" scams and how consumers, community stakeholders, and bankers can report scammers and prevent fraud. The public can access the free tool kit at http://www.FDIC.gov/foreclosureprevention.

Does Living Green Increase your Life Expectancy?

It's no coincidence that healthy living has a direct connection to green living. People that care about the health of the planet often care about eating well, being outside, and avoiding the crap that will shorten their time on this beautiful planet. So it wasn't a huge surprise that when Prevention Magazine and Planet Green came up with a list of Surprising Signs That You'll Probably Live Longer, many of them fit right into a green lifestyle.

Open Houses

The 20 towns I cover the most usually average well over 200 open houses each Sunday. Yesterday there were 16 on this Labor Day weekend. What are the odds that the only two in Bloomfield were 3 doors apart from each other by competing brokers?
Both assured me they didn't coordinate with each other, but the two houses were very similar 4BR 2 Bath colonials comparably priced. We weren't the only party to show up -- got to listen to a sales pitch to a young couple in the kitchen as we snooped around.

Pending Home Sales Continue Record Roll

Contract activity for pending home sales has risen for six straight months, a pattern not seen in the history of the index since it began in 2001, according to the National Association of REALTORS®.

The Pending Home Sales Index, a forward-looking indicator based on contracts signed in July, increased 3.2 percent to 97.6 from a reading of 94.6 in June. It is 12 percent higher than July 2008 when it was 87.1. The index is at the highest level since June 2007, when it was 100.7.

Affordability at Record High
Lawrence Yun, NAR chief economist, says the housing market momentum has clearly turned for the better.

“The recovery is broad-based across many parts of the country. Housing affordability has been at record highs this year with the added stimulus of a first-time buyer tax credit,” he says.

“Other buyers are taking advantage of low home values before prices turn higher," Yun says. "Nationally, the typical mortgage payment now takes less than 25 percent of a middle-income family’s monthly income to buy a median priced home, with payment percentages so far in 2009 being the lowest on record dating back to 1970. As long as home buyers stay within their budget, mortgage payments will be very manageable."

Treeless Tree City?

For many years, Bloomfield has been praised as one of the most prominent Tree Cities in New Jersey. This image has been tarnished in the past 2 weeks by the rapid cutting of about a dozen of it's older trees on Broad St Between Bay and Haines. Apparently no one in Bloomfield was notified in advance -- not even the town Forester or Council. Since the trees are all located inside the sidewalk line, County spokesperson initially told me that they couldn't have done it since they "had no jurisdiction". Bloomfield's 2nd Ward Councilman and environmental advocate was finally able to reach someone familiar with "The Project" and received an email late Friday: "...the decision to take down a County tree is made solely by our Arborist, Dennis Beury. I was informed that 12 trees were removed in total and that our right of way is 66 Ft along Broad Street. I believe Dennis will be sending you a comprehensive list of our removals along with an explanation for each on Monday."
The explanation is expected to be that they may have been diseased. Among the questions that remain unanswered are: 1) Is this a contagious disease that is affecting nearby trees not under Essex County jurisdiction? 2) What types of trees are still vulnerable? 3) Why wasn't Bloomfield's Forester consulted? 4) Will this have a negative effect on property values in affected areas? 5) At what point will we lose our Tree City designation? Stay tuned...
Monday morning update:
The Essex Couny Director of Roads & Transportation, Sal Macaluso, called me this morning with some clarifications in leu of the Arborist's report. He wasn't certain all 12 were diseased, but they were "compromised" in ways that threatened to eventually fall on Broad St. Plans are to replace them next spring with 50 - 75 smaller trees. BTW, Essex County's jurisdiction on county roads is 75 feet from across the road. So if the road is 60 feet wide, they can go 12.5 from the curb.

Watching the Sun Go Down -- In Price

For solar shoppers these days, the price is right. Panel prices have fallen about 40 percent since the middle of last year, driven down partly by an increase in the supply of a crucial ingredient for panels, according to analysts at the investment bank Piper Jaffray.

The price drops — coupled with recently expanded federal incentives — could shrink the time it takes solar panels to pay for themselves to 16 years, from 22 years....(from The Times)

Open House in Little Falls

A great day for showing Tulip Garden Condo, Hot muggy weather to weed out the time A great day for showing Tulip Garden Condo, Hot muggy weather to weed out the time wasters. Loud stereo next door to show off the sound proof walls. Great turnout balanced between first-timers and downsizers. Guess the 8K rebate isn't the only reason buyers are venturing out. Rain held off until last 15 minutes; car full of younger buyers flagged me down as I headed back to my car and pleaded for me to reopen. They were very appreciative. Then to BestBuy to help the Ms pick out a new PC Tower. Looking forward to not sharing my laptop and mixing up Gmail and Facebook pages!

Lights On! No More Excuses

The phase-out of incandescent bulbs in the European Union begins next month, so it’s time to get prepared for a new round of excuses about the "inconvenience" of using more efficient lights. Lane Burt of the Natural Resources Defense Council answers the most common complaints about the new bulbs for Grist.

Here in Bloomfield are the final stats from the Greener Bloomfield/Project Porchlight event of 8/15/09 where volunteers perserveered through the blistering heat.
35 Volunteers gave out 1,650 Lightbulbs to just as many homes

Resulting in:$50,000 in energy savings

544.5 tons CO2 emissions prevented of entering the environment

94.05 Cars removed from the road in the form of Green House Gases(GHG)

Bouncing off the Bottom

August's Dog Days have been full of encouraging news from a variety of sources. From BankRate.com and USA Today:
Home prices rose across a large swath of the country during the second quarter, adding to the growing list of signs that the housing market has stabilized. Out of 155 markets included in the survey, 125 showed median price increases compared to the first quarter of this year.

Overall, the National Association of Realtors reports a nearly 4 percent rise in the median sales price for single family homes since the first quarter of the year, from $167,300 to $174,100.

In addition, several distressed markets are getting some much needed relief from the quarterly hammering they've been taking since the housing market peaked in the second quarter of 2006.

At the same time, 30 year mortgage rates are up for the third week in a row to 5.49%.

Housing Prices Rise 5% in 2nd Quarter

From housingwire.com: All regions saw quarterly gains as of July, with the Midwest soaring 11.2%, the South rising 5.3%, the Northeast posting a 2.4% increase and the West gaining 1.1%, according to Clear Capital.

“As with any housing recovery,” he added, “small pockets of neighborhoods and specific price tiers are leading the way and posting gains."

More than half of the highest performing local markets doubled their quarterly gains from last month’s report. Clear Capital said the gains reflect improving market demand, allowing banks to receive a higher sales price for REO properties(foreclosures) which represent up to 60% of all sales in some regions.

NJ Environmental Groups Call for DEP Investigation Following Corruption Arrests

"New Jersey's air, land and water are major victims of political corruption in this state. If we want our state to be green, we need to make politics clean," stated Dena Mottola Jaborska, the Executive Director of Environment New Jersey. "These reforms will help to ensure that government leaders make environmental policy decisions based on science and the law, not money and influence."

The reform agenda was developed by "CleanGreenNJ," a new consortium of environmental and public interest organizations which includes Public Employees for Environmental Responsibility (PEER), Environment NJ, NJ Environmental Federation, NJ Environmental Lobby, NJ Sierra Club, Surfrider Foundation and others.

"We can never have clean air or clean water without clean government," said Jeff Tittel, NJ Sierra Club Director. "Just like we have to clean up toxic waste sites, we have to clean up government and that is why we are forming this coalition. In New Jersey, development has become part of enterprise corruption: you take a worthless piece of property, use pay to play to change the zoning and get permits and then make millions. We have to stop this cycle of corruption that leads to sprawl and overdevelopment"

CleanGreenNJ's platform calls on Governor Corzine and the NJ State legislature to:

Investigate DEP operations and enforce ethics rules
Empower DEP whistleblowers
Bring transparency for citizen watchdogs
Fix the campaign finance system
and prohibit legislators from receiving outside sources of income Rein in recent developer initiatives

"DEP conducts public business behind closed doors, and provides routine daily access to political players and corporate lobbyists," said Bill Wolfe, Director of New Jersey PEER. "This access is used to influence science and regulatory decisions and weaken protections. DEP then conceals these liaisons from the public by refusing to publish visitor logs, honor OPRA requests, or disclose meeting schedules. In fact, they even retaliate against conscientious employees who disclose corrupt practices."

"This is not just a few bad apples," added David Pringle, Campaign Director for the New Jersey Environmental Federation. "This is systemic corruption."

More points of view on the problem can be found at nj.com.