In a new brief from the Rutgers Center on Law, Inequality, and Metropolitian Equity (CLiME), Assistant Director of Housing Studies Katie Nelson PhD ’22 and student research assistant Miranda Alpertstein MCRP ’25 explore the sky-high and rapidly rising costs of being a homeowner in New Jersey. This includes both mortgage and non-mortgage housing costs.
Topic
homeownership
New Jersey Policy Lab: Has New Jersey’s Housing Market Peaked? A New Year’s Assessment
The available stock of both single-family and townhouses for sale has been progressively falling since July 2021 when it reached a pandemic peak. But even that peak was close to a third of numbers ten years prior.