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Updated almost 4 years ago on . Most recent reply

Matthew Kelley's profile image
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Matthew Kelley
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Matthew Kelley's profile image
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Matthew Kelley
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Matthew Kelley
9
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General Landlording & Rental Properties

Multi Family Home Values - NJ

Matthew Kelley
Posted

What's the general consensus on here of where home values will be in the next couple years? Up? Down? 

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David Wrenn
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Replied

Down, however geo-specific.

Once the moratorium ends the state is expecting around 300k evictions which may take 2 years to unwind.  

30k new homeless in Newark alone.

The state's population is moving south along with high taxes likely will lead to lower prices.

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