A run-through on New Jersey’s real estate score

For the most part, New Jersey has a stable real estate market, except after the Great Recession. Composed of suburbs, New Jersey sits in the middle of cities part of the Union. People opt to stay in New Jersey for a more peaceful living compared to living in New York and Philadelphia. Steven Rindner Main Street Advisor.

Image source: homes.com

Image source: bmcestateplanning.com
NJ is set to experience massive growth in the following years, and this is one great reason for investors to flock to the state. Even as one of the richest states, having median family and household incomes—the second highest in the U.S.—New Jersey is still on its way to keeping up with the average wages across the nation. This dip was a result of the Great Depression. Steven Rindner Main Street Advisor.

The best cities in NJ

The development of public transportation across New Jersey was encouraged by the continuous flow of residents from cities such as New York City and Philadelphia. With enhancements in public transportation, real estate sales are set to rise. The overflow of Hoboken goes straight to Weehawken, a city across the river from New York. It offers convenient transportation options and amazing views. Steven RIndner Main Street Advisor.

Moonachie is steadily recovering from the damages done to it by Hurricane Sandy. The most affordable housing in the state is offered by Moonachie, but prices will likely increase with the arrival of new residents. Asbury Park is one of the hottest real estate markets in New Jersey, despite it being part of the infamous Jersey Shore. Steven Rindner Main Street Advisor.

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