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What is NJ Housing Market Trends Analysis about?
The document analyzes housing price index trends in New Jersey and other areas over recent decades. It finds that the current housing correction may be following a similar pattern to the early 1990s, with another 5-6 years of a slow decline still to come before hitting bottom. This assessment is based on comparing deviations from linear trends for different housing price indices. The document also discusses factors like incomes, interest rates, and inflation that will influence where housing prices go in th
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