NEW JERSEY HOME PRICES CONTINUE TO SURGE UPWARD

Another sign the recession is coming to an end…home prices are on the way up in New Jersey.  New figures released Tuesday show the price of a single family home in New Jersey went up by 5.6 percent over the same month last year.  Nationwide, the increase has been 11.8 percent.  Rising interest rates may slow down the growth in single family home prices during the new year.