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Inflation, rising interest rates hit NJ housing market

And lack of inventory remains a big issue

10/21/2022

NJ Spotlight News

Inflation, rising interest rates hit NJ housing market

Clip: 10/21/2022 | 4m 44sVideo has Closed Captions

And lack of inventory remains a big issue

Robert White, president of New Jersey Realtors, says that while home sales are declining in the state, a lack of inventory remains one of the biggest issues for the market. “Home sales are going to continue to decline because we’re not getting the inventory that we anticipated,” White said.

10/21/2022

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NJ Spotlight News is a local public television program presented by THIRTEEN PBS

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