Brace Yourselves: New Jersey's Real Estate Market Set To Crash In 2024, Data Reveals!

A recent Newsweek article stated current data indicates New Jersey could be poised for a real estate market CRASH in 2024!
The reporter claims that New Jersey homeowners are over leveraged by high mortgage payments and that coupled with rising state unemployment, the possibility of foreclosures hitting the real estate market in 2024 is realistic.
Furthermore, the reporter actually wants first time homebuyers in New Jersey to believe that relief could actually be on the way in 2024, thanks to an abundance of foreclosures hitting the market.
Watch and listen as Jim Flanagan, the Toms River REALTOR, explains exactly why this is misleading and irresponsible reporting... and isn't going to happen...
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My name is Jim Flanagan, and after living in Toms River for most of my life and serving this area as a real estate agent, I hope to provide with you a great perspective on what you can expect especially if you're thinking about moving to Toms River. I've actually had 2 experiences moving to Toms Rivers (yes I've lived here 3 times).
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[@eyeinsee]

You cant refi if you have no equity in the home and knowing that prices will likely fall in the next 3-4 years I’m just going to wait this out. NJ prices are insane.

[@JimFlanagan-TomsRiverRealtor]

May I ask "who" says, prices are likely to fall?

[@eyeinsee]

@@JimFlanagan-TomsRiverRealtor other real estate agents, brokerages and history. Plus the fact that you see more price reductions now more than ever.