Wednesday, September 28, 2005

Buyers ask " What exit?" as home prices soar in N.J.

Stock Market News and Investment Information | Reuters.com: "As any New Jersey resident knows, proximity to the namesake turnpike or its parkway sibling has often been the key to buying a home in the Garden State, where prices have risen far above the national average.
Real estate professionals say the state's housing market shows no sign of cooling off, even far from the main roadways, due to a steady influx of new residents.
'We still have a tremendous amount of people coming into New Jersey because of its proximity to New York and the job market here,' said Bill Hanley, who manages a real estate firm in Metuchen, N.J., and is first vice president at the New Jersey Realtors Association."
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