[philfree]

Originally Posted by Discuss Thrower

The housing market in New Jersey is about to get crushed.

Home sales in the state, second only to New York in coronavirus cases, may fall as much as 45% this year from 2019, while prices will drop as much as 12%, according to Jeffrey Otteau, president of Otteau Valuation, a real estate consultant in Matawan, New Jersey.

“People will be taking homes off the market and in spite of that, this will be a buyer’s market, with low inventory,” Otteau said. “It’s unusual.”

Getting a sale will require a deep discount, maybe 20% below what the seller was planning to list for, he said.


https://www.bloomberg.com/news/artic...m-feeder-feast

I've been wanting to buy a condo on the Gulf Of Mexico but the prices went through the roof the last couple years. If I can get a 20 percent discount that would be a good thing out of a bad situation.