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N.J.’s real estate market stabilized but not improving

Posted on 04 November 2010

From Nj.com: New Jersey’s real estate market has hit bottom, but it still has a long road to recovery, according to a report in NJBIZ. The New York real estate market will play a key role in driving the Garden State’s recovery — however the foreclosure moratorium could stall progress, according to experts quoted in the report.
“Housing improved a bit in 2010, but remains lackluster — and as the economy expands, it will remain lackluster, because of the legacy of bubble and meltdown that we have been through,” said Patrick O’Keefe, director of research at Roseland-based accounting firm J.H. Cohn……………………………………….Full Article: Source


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