😰Jersey Jitters & Housing Market Hurdles
Explore the Tremors in NJ housing and Crashing CRE Market
New Jersey, trembling like a leaf, is the poster child of housing vulnerability, with a bunch of other states from Illinois to Florida also on shaky legs.
Now, switching gears to the office market scene. It's not exactly the belle of the ball these days.
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America's office spaces are about to take a 20% nosedive in value next year.
Over in Indiana, some brainy folks have whipped up a digital dashboard that tracks evictions and foreclosures statewide.
For a wider look, the NAR predicts a potential reset in the commercial market by 2024 – think ghost town offices and online shopping havens.
In this edition of the AltReports:
📉 Crumbling Castles
🏢 Tower Tumble
🔍 Eviction Explorer
🔮 Future Fumble
🧙 Equity Enchantment
Video of the Week: Wall Street BANNED from Buying Houses in 2024?
Chart of the Week: No Such Thing as an Affordable Home
Podcast of the Week: Breaking Free Through Residential Turnkey Rentals
ATTOM's peek into the panic room of property plights reveals the top ten housing markets that are shaking in their boots.
Spoiler alert: New Jersey's the shaky-knee capital of the US, stacking up vulnerable spots like a hoarder with canned goods.
Other trembling towns span from Illinois to Florida, all sweating bullets over potential dives in home equity.
Turns out, folks aren't exactly jazzed to swap their house slippers for hard soles and hustle back to their cubicles.
Commercial real estate rents are dropping fast as investors sense that their wallets's gonna go on a crash diet.
So, while businesses play musical chairs with their work policies, it's looking like a bumpy ride for the concrete jungles out there.
Indiana's going all digital Sherlock on housing distress!
Researchers just created a dashboard that tracks eviction and foreclosure proceedings across the entire State.
This slick tool is like a magnifying glass over evictions and foreclosures, except you don't have to get off your couch or wear a weird hat.