It looks like New Jersey’s housing market may soon run out of steam. And that’s unfortunate for so many living in The Garden State.
According to a recent report released by ATTOM, New Jersey is among one of the top three states expected to see a housing market crash in 2024.
Illinois and California are the other two states expected to see housing market trouble in the months ahead. The list also includes individual cities in multiple states, such as New York City.
According to Newsweek, “Real estate markets in Illinois, New Jersey and California are at risk of downturn next year due to higher levels of foreclosures, unemployment and underwater mortgages.”
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