The housing recovery, nationally and here in New Jersey, had been slow in building momentum. However, week after week recently, it seems we're getting more positive news.
The housing market continues to show signs of a rebirth from its collapse, but the comeback may need to slow down a bit before there's more trouble than progress.
New Jersey's foreclosure rate nearly doubled from March to April. The nationwide numbers moved in the opposite direction, representing the lowest level since February 2007.
In the days and weeks following Superstorm Sandy, there was great concern at the Jersey Shore over the housing market and whether or not the residents near the coast would pick up what was left of their lives and make a mad dash out of New Jersey.
Recovery from the recession started nearly four years ago, and the housing sector is still feeling the downturn's impact. Instead of "movin' on up," many Americans have been forced to downsize in terms of where they live.