According to Jeff Otteau, the founder of the Otteau Group Real Estate Valuation & Consulting Co. in Matawan and the managing broker of Hudson Atlantic Realty, this latest interest rate hike will accelerate and exaggerate the slowdown of the real estate market in the Garden State that is already underway.
https://nj1015.com/buying-a-home-in-new-jersey-just-got-tougher/