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.
A new Rutgers regional report, "Reinventing the New Jersey Economy: New Metropolitan and Regional Employment Dynamics," finds the legacy of New Jersey's 1980's office building boom is now aging and far less competitive.
US home prices rose in most major cities in October compared with a year ago, pushed up by rising sales and a decline in the supply of available homes. Higher prices show the housing market is improving even as it moves into the more dormant fall and winter sales period.
U.S. sales of new homes fell slightly in October and September sales were slower than initially thought. The October sales pace was dragged lower by steep declines on the East Coast, partly related to Superstorm Sandy.
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