Market overview
What's happening in this local housing market? Help coauthor a quick summary here:
Sales trend:
Price trend:
Inventory:
Housing market forecasts:
PMI U.S. Market Risk Index: Summer 2006
Atlantic City, NJ has a 56.4% chance of a decline in home prices over the next two years according to PMI Mortgage Insurance Co., one of 13 markets nationwide that "face a 50% or greater risk" of decline.
Current market conditions:
Global Insight / National City Crop. Valuation: 2006/Q1
$254,200 median sales price
63.9% overvalued
Classification: "Extremely overvalued"
Source: Overvalued Housing Market? Depends Where You Live
Where are prices falling in the current market?
Past housing price corrections:
66 Past housing price corrections
http://www.platial.com/realestatecafe/map/7317
US News & World Report: Housing bubble correction could be severe
Informal podcast of lessons learned from riding two real estate cycles in the Atlantic City & Philadelphia housing markets.
Local bubble blogs:
Jersey Shore Bubble
NJ Bubble Blog
Northern New Jersey Real Estate Bubble
Ideas for this wiki (your comments are welcome)
- Questions you'd like addressed
- Information you'd like to see
- Best local sources for housing news?
- Maps you would like to see
- Resources that should be linked
- Direction you want to take this wiki / bubble map
- Interviews for ongoing insight into market conditions?
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