Categories
NJ Real Estate News

Winter Weather Causing South Jersey Real Estate Market Lag

The 2014 winter season has been very hard on the real estate market of South Jersey.

Record high levels of snow have forced many prospective buyers to cancel trips to see houses. Though snow hasn’t been the only factor behind the lag. New Jersey’s job growth rate has been below the national average, and mortgage rates have gone up. But it has led to a boom in the rental market, as more prospective buyers are conducting their searches online.

Homeowners looking to sell their home in South Jersey remains optimistic.