Chevra, just watch BMG get their 1200 residential units at cedar bridge and the price of Lakewood housing will be in a freefall.
Sit and wait it out? or go to Jackson, Howell, Toms River.
Investors, purchasers-don't buy now W-A-I-T - IT'S MONEY IN YOUR POCKET better than hedge funds
From the Grape-vine: New duplexes and single family homes have been drastically reduced by $50-100,000.00 or more.
The asking price is still up in the sky but ..........
Some of the reasons;
Overpriced due to market demand.
Basement rentals are at a glut.
Jackson, Toms River, etc are realistic options as a first choice. Larger homes, larger property, no sardine can feeling, no traffic issues, etc
Some that have deposits may be looking to get out. While others are re-negotiating the price.