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On the bubble: many economists have dismissed the idea of a housing bubble for years. But faced with evidence of increased speculation, they're cautioning that home prices in some markets may be overvauled and poised for decline. I AM ASKED ABOUT THE HOUSING bubble at least once a day, Eric Belsky, executive director of Harvard University's Joint Center for Housing Studies, told a conference audience in November. He's not alone: The bubble debate, which popped up in 2002, rages on. Each quarter, it seems, new data and
Publication: Builder
Mortgage Refinance
Somerset Hills Bancorp Reports 2nd Quarter Earnings; Pre-Tax Results Up 61%-After-Tax Up 10%; Agrees to Purchase Property in Long Valley Will Be 7th Branch. BERNARDSVILLE, N.J., July 27 /PRNewswire-FirstCall/ -- Somerset Hills Bancorp (Nasdaq, Small Cap Market: SOMH) announced that for the quarter ending June 30, 2005, the Company recorded pre-tax income of $548,000, a 61% increase from second quarter 2004 pre-tax income of $340,000. The Company's net
Publication: PR Newswire