NJ Spotlight News
Business Report: More homes for sale in NJ
Clip: 5/10/2022 | 2m 58sVideo has Closed Captions
But the recent rise in mortgage prices has led to softer demand
According to Realtor.com, more homes are for sale in the region and inventory is expected to increase in the next few weeks. Until now, a shortage of inventory had sent housing prices surging. In the New York and north Jersey area, listing prices are up more than 9.5% from a year ago. But the recent rise in mortgage prices has led to softer demand.
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NJ Spotlight News is a local public television program presented by THIRTEEN PBS
NJ Spotlight News
Business Report: More homes for sale in NJ
Clip: 5/10/2022 | 2m 58sVideo has Closed Captions
According to Realtor.com, more homes are for sale in the region and inventory is expected to increase in the next few weeks. Until now, a shortage of inventory had sent housing prices surging. In the New York and north Jersey area, listing prices are up more than 9.5% from a year ago. But the recent rise in mortgage prices has led to softer demand.
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NJ Spotlight News is a local public television program presented by THIRTEEN PBS