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NJ Spotlight News

Business Report: More homes for sale in NJ

Clip: 05/10/2022 | 2m 58s

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According to Realtor.com, more homes are for sale in the region and inventory is expected to increase in the next few weeks. Until now, a shortage of inventory had sent housing prices surging. In the New York and north Jersey area, listing prices are up more than 9.5% from a year ago. But the recent rise in mortgage prices has led to softer demand.

Aired: 05/10/22 | Rating: NR

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