More than half of millennials in the Garden State feel that the time is now to be putting down roots for their budding families, and 43% specifically said they wanted to start building equity.
But some of the more outlandish home buying anecdotes may not repeat themselves; there might be closer to an average of six to 12 offers per property, at 3% to 5% over the asking price.
The best towns to own a home at the Jersey Shore. The list was compiled by nerdwallet using several different factors....
Homeownership Rates
Monthly Costs
Median Home Value
Population
Here are the top towns at the Jersey Shore for homeownership ....
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A recent study revealed a nearly 5 percent jump in homes worth $1 million or more in the New York metro area, and while that snapshot does include some towns on the Jersey side of the Hudson, the Garden State has several other high-end areas.
Student-loan debt, the nationwide marriage-rate decline and confusion about the mortgage process continue slowing the housing market, according to the third-annual "America at Home" survey from NeighborWorks America.
Building permits for new construction of houses in New Jersey have reached their highest levels in six years. Still, a brand-new home remains an elusive goal for many millennials in the state.
I bought my first home about two months ago. In that amount of time, I've been amazed at how many pieces of mail that I've gotten that look legitimate, but upon further inspection are just sneaky ways to part me with my money.