When it comes to homes sold in New Jersey, about 45 percent were cash sales in July, up from 36 percent a year ago and above the nationwide average of 40 percent.
U.S. developers broke ground on homes at a faster pace in July. But the rise was all due to apartment construction, which is typically volatile. By contrast, builders began work on fewer single-family homes -- the bulk of the market -- and sought fewer permits to build them.
College graduation and 18th birthdays aren't excuses for children to move out anymore; in fact, more twenty-somethings are staying at home while they figure things out.
Housing prices in the U.S. have been increasing by double digits recently, but a new analysis shows prices have been slower to rise in New Jersey, and the overall price increases will begin to cool down.