The Perfect Storm: New Jersey Sees 400% Increase in Foreclosure Starts from 2011

[Corey Dutton]

Numbers were released in October that showed a 400% increase of foreclosures starts in New Jersey over 2011. With the destruction caused by Sandy coupled with an onslaught of foreclosures coming to market, 2013 will certainly be an interesting year for New Jersey.

Real estate values in New Jersey will certainly be extremely turbulent in 2013, which will certainly pose a challenge for real estate investors. Should investors flock to the New Jersey market in 2013 or run away as fast as they can?

Please share your opinion on this topic below.