I think another major round of real estate changes are just arou

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Villas - I think another major round of real estate changes are just around the corner. In 2008-2013 there were many forclosures and properties sat vacant as prices continied to fall. Investors bought them up for rentals. During the pandemic many had problems with tenants paying rent, and sold when market prices sky rocketted. Now those buyers are having problems meeting mortgages. The mortage default rate is trending up for first and second home mortgages in NJ and certain geographical areas of the country. At minimum its something to watch.

Print Publication Date: 
7/27/2022