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More than 240K N.J. mortgages said to be ‘seriously underwater’

assetContentThe share of “seriously underwater” properties in New Jersey declined from a year ago, according to a new report, but more than 240,000 homes still fell into that category in the third quarter of this year. Residents owed at least 25 percent over what what their home is worth on 13.8 percent of all residential properties‚Ķ Read the rest of this entry »

Posted: October 23rd, 2015 | Author: | Filed under: New Jersey | Tags: , , | Comments Off on More than 240K N.J. mortgages said to be ‘seriously underwater’

N.J. leads nation in all-cash home purchases, report finds

Nearly half of the homes sold in New Jersey in May went to buyers who paid all cash, according to a new report, giving the state the largest share of those types of purchases in the country. The report released on Thursday morning by the Irvine, Calif-based housing research firm RealtyTrac shows 48 percent of single-family‚Ķ Read the rest of this entry »

Posted: July 2nd, 2015 | Author: | Filed under: Economy, New Jersey | Tags: , , , , | 2 Comments »