The New Jersey housing market is experiencing strong demand, driven by millennials transitioning to homeownership and retirees seeking affordable living options. Key growth factors include job growth in finance, pharmaceuticals, and technology, along with a growing population. However, rising interest rates and economic uncertainties may moderate price growth. Home prices are projected to rise 3-5% in 2024, with regional variations expected. The market is shifting towards a more balanced state, offering increased opportunities for buyers amid tight inventory.
Continue to full article
Leave a Reply