While housing costs in New Jersey continue to be among the highest in the nation, the state growth rate of 4.8% for median owner costs for housing with a mortgage was among the slowest in the country (43rd) and well below the national rate of 7.2%.
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How To Identify a Move-In-Ready House To Buy
“In the past, homebuyers focused primarily on their monthly mortgage payments. Now they’re thinking more about the larger financial picture,” Hughes says.
Research: Pathways Through Which Rent Burden is Produced in U.S. Shrinking and Growing Cities
The study indicates both shrinking and non-shrinking cities exhibit different trajectories of income and rent.