Thursday, December 15, 2016

NJ Housing Market

A few areas of New Jersey have thriving housing markets. But many more do not — and they're dropping dramatically. 
 There's no better evidence of that than the below map provided by NJ Spotlight, which uses U.S. Census data to show the pain most homeowners are feeling as they watched their home values drop as much as 20 percent since their pre-2010 levels, when the Great Recession hit.

 The median decline in residential values in New Jersey was close to 11 percent.

Mullica Township has 2,478 housing units and has lost 24.98% of it's value from 2011 -2015 compared to 2006 -2010.  It is one of the hardest hit towns in N.J.  EHC was rated highest lost value in NJ at 26.65% 

 (see interactive map below at link). 

No comments: