[quote=spdrun]Fact is, you sarcastic little snit, starting to see more short sales list at the lower end. Tick. Tock. Tick. Tock.
We’re talking about properties that are still 30% below what they borrowed. Read about what’s going on in NJ. Distress can be delayed, but eventually the sales will move forward.[/quote]
A quote from Asbury Park Press (1/12/15):
“New Jersey’s job growth rate in the last year ranks dead last in the continental United States. The U.S. has more than regained the nearly 9 million jobs that it lost during the recession that lasted from 2007 to 2009. New Jersey has recovered fewer than half of the lost 257,900 jobs, and its job growth is losing what little steam it had.”
NJ is in trouble – it has ignored its big money makers (actually, it seemed more like it decided to detest pharma) and this is the result. Can’t compare this to CA.
