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NJ Leads Nation in Share of Distressed Mortgages

It’s been six years since the housing bubble collapsed, but foreclosures still weigh on New Jersey’s real estate market, according to a report released Wednesday.

The state’s share of distressed mortgages, the highest in the nation, is the main reason its housing prices have failed to keep pace with the nation, said Patrick J. O’Keefe, the report’s author and director of economic research for CohnReznick, an accounting firm.

via NJ leads nation in share of distressed mortgages | Courier-Post | courierpostonline.com.

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