A look at the housing market finds that Hoboken, as usual, is slump-proof
Excerpt from NJ.com Morning Rush for Thursday, Aug. 16
by CraigThursday August 16, 2007, 8:01 AM
The Star-Ledger has a look at the housing market today, and finds that most real estate agents are grim. There are too many houses on the market and not enough buyers. There are 72,000 unsold homes in New Jersey right now, compared to just 39,000 in June 2005. Statewide, the number of homes contracted for sale dropped by 5 percent from May to June. But in Hoboken (and Jersey City), sales activity is actually up by 12 percent.
by CraigThursday August 16, 2007, 8:01 AM
The Star-Ledger has a look at the housing market today, and finds that most real estate agents are grim. There are too many houses on the market and not enough buyers. There are 72,000 unsold homes in New Jersey right now, compared to just 39,000 in June 2005. Statewide, the number of homes contracted for sale dropped by 5 percent from May to June. But in Hoboken (and Jersey City), sales activity is actually up by 12 percent.
Labels: Hoboken Condo, Hoboken real estate market, Hoboken real estate sales activity, Hudson County condo
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