Tuesday, September 15, 2009
Home prices in New Jersey declined in March when compared to the same month in 2008, as the number of foreclosed homes increased across the state. According to a survey by Standard & Poor, the Home price Index released on Tuesday, home prices in the New York City area, including 14 counties in neighboring New Jersey, declined by 11.8 percent, compared to home prices in March last year.
Job security concerns are hindering hose who are employed to consider buying a house although home prices are at record lows, especially prices of foreclosed homes. Although home price declines in New York and New Jersey are not as steep as in other states mainly because the pace of foreclosed homes is not as high as in foreclosure-battered states, home prices decreases are considered record declines in the area.
Job security concerns are hindering hose who are employed to consider buying a house although home prices are at record lows, especially prices of foreclosed homes. Although home price declines in New York and New Jersey are not as steep as in other states mainly because the pace of foreclosed homes is not as high as in foreclosure-battered states, home prices decreases are considered record declines in the area.

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