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Updated over 4 years ago on . Most recent reply

Matthew Kelley's profile image
Matthew Kelley's profile image
Matthew Kelley
  • Member since Jun 20, 2019

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Matthew Kelley's profile image
Matthew Kelley's profile image
Matthew Kelley
  • Member since Jun 20, 2019
Matthew Kelley
9
Votes |
13
Posts
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's profile image
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David Wrenn
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  • Member since Jan 4, 2019

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David Wrenn's profile image
David Wrenn's profile image
David Wrenn
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  • Member since Jan 4, 2019
David Wrenn
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David Wrenn
  • Specialist
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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