Foreclosures now 'normal' at 10-year low

Economist James Hughes, dean of the Edward J. Bloustein School of Planning and Public Policy at Rutgers University, explained that New Jersey’s economy has struggled from a number of causes since the recession. “New Jersey got hit hard by the contraction in the financial sector — especially along the Hudson River Gold Coast,” said Hughes. “In terms of employment, that sector has been dead in the water.”

Marketplace.org, December 10