Has New Jersey Real Estate Hit The Bottom?

What’s this crazy talk of New Jersey real estate may have rs12hit or is near the bottom?   Check out this article in The Star Ledger.  Jeffery Otteau, founder of the Otteau Valuation Group who was calling the NJ real estate bubble years before it popped is now saying we may have hit the bottom.

Click here for Star Ledger article

We may or may not be there yet however hitting these peaks and valleys are always identified AFTER they have passed. Often times months if not years afterwards.

Ask yourself this question.  When was the absolute peak of the Hoboken market?  No one can say definitively because when we look at the high prices they varied from building to building from around fall of ’05 to to around early ’08.

Nobody rang a bell when we hit the top and I doubt anybody is going to ring the bell when we did / do hit the bottom.

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