Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Anyone has any info on what are the predicted housing price trends for Jersey City (mainly Exchange Place, Grove St and JSQ) area? Please respond with any info you have.
lets put it this way, a new luxury condo in the best part of jc was at 390k 3 months ago, lowered to 350k 1 month ago, now at 300k and still no offer/buyer. Prices in the area you mentioned are coming down drasticially, started just in the last few months. I know this very well because i have been following the prices weekly trying to buy a unit, but just couldnt pull the trigger as the asking price gets lowered every few weeks.
it's funny how this is all working out, when the real estate market in the rest of the country is crashing (as it blasted across headline news), the good part of jersey city remained solid, some of the units even went up a little in asking price. Now as other parts are start to bottom and the headline changed to bottom is near, jc started to really come down in prices.
For me, think i will rather wait until the price start to go backup alittle before i jump, better to pay a little more off the bottom than catching a falling knife midway.
out, when the real estate market in the rest of the country is crashing (as it blasted across headline news), the good part of jersey city remained solid, some of the units even went up a little in asking price. Now as other parts are start to bottom and the headline changed to bottom is near, jc started to really come down in prices.
For me, think i will rather wait until the price start to go backup alittle before i jump, better to pay a little more off the bottom than catching a falling knife midway.
It will take them a while to come back up. Rates will come back up, which will flatten out prices even as inflation kicks in. You'll pay higher rates, but the longer you wait, the more you can put into the down payment.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
