New Jersey Realty Holding Up

November 13th, 2008 Author:


                New Jersey real estate is holding up in this current credit market. Certain counties in New Jersey are maintaining prices and some cities are even rising. Bergen county and Hudson County in particular are seeing home prices appreciate according to our survey of appraisers. Red Bank which is a Borough in Monmouth County is still attracting home buyers we are being told. The easy ability to commute from Red Bank to New York City via rail is perhaps one reason why real estate prices are holding up so well in Red Bank. Many of the other cities and suburbs that are within commuting distance to New York City have home prices that are holding strong. So long as the broader economy does not experience a financial shock, New Jersey real estate in certain locations may continue to be a good investment.

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