It sounds more like an idea for a sitcom, but there's increased demand in New Jersey for houses that have room for more than one adult generation, according to housing experts.
Nearly 15 percent of homes in New Jersey are considered seriously underwater, meaning the owner owes at least 25 percent more than their property is worth, according to a new report from RealtyTrac.
In New Jersey and many other states, more homes are hitting the market this time of year to meet the blooms of spring and rising temperatures. However, it's hardly ever safe to present your home "as is."
Nearly 20 percent of all residential properties with a mortgage in New Jersey are considered "seriously underwater" financially, according to housing data site RealtyTrac.
The foreclosure picture overall is not pleasant in New Jersey, but the Garden State is also a leading contributor to a specific type of foreclosure that could be damaging property values across the state.