NJ: Real Estate Rebound Postponed to 2013?

New Jersey Real EstateNew Jersey real estate pros are reading tea leaves, searching for positive signs — anything remotely positive, really — that point to a rebound in the state’s tortured housing market.

They want to tell home buyers and sellers there is hope, so they point to trends ticking slightly upward: low mortgage rates that indicate it’s time to buy, employment rates showing signs of life, even Jersey Shore summer rentals that are ahead of last year’s pace.

But the cold, hard data of sales, inventory and foreclosures remain in free fall, leading analysts to predict that the rock bottom of the real estate crash — once widely expected to arrive late this year or the start of 2012 — now may not arrive until 2013.

At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.

Full Story from APP.com

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