Trends in Jersey City, NJ
Hello! First time poster here and newbie. I am getting out of the military and am moving back to NJ, where I am from. I am currently trying to find a house hacking opportunity using my VA Loan. Does anyone have any information on trends in the Jersey City, NJ area? I am looking at this area as it is close to NYC so eventually, when I move out, it would provide a convenient place for a tenant to commute into the city. Any info would be appreciated. Thanks!
hi @Zachary Verdi, first off, thank you for your service!
Depending on your current situation Jersey City could definitely be a great spot for your house hacking investment.
Having the opportunity to use a VA loan for your first property brings a lot of great benefits that you should know!
I'd love to chat about some creative options to help you maximize your first investment!
Hi Zachary,
Thank you for your service! Are you looking into Multifamilies, Condos, townhomes? I am from Jersey and I have noticed that Multifamilies are pricy. The VA loan is definitely advantageous for you.
New listings were down in April YOY, closed sales were down, days on market was way down, and median prices was way up. The average closed sales price in April was over the full asking for sfh, townhouses, and condos. It's a frothy market but rising rates and the volatility in equities should cool things down a bit.