Why Jersey’s foreclosure crisis is cause for celebration

As foreclosures nationally hit an all-time low, New Jersey's housing market is seeing repossessed homes reach a 11-year high. Of the state's total housing supply, nearly 2 percent of homes were in foreclosure in 2017 and, between November and December last year, the number of homes owned by the bank went from 1,448 to 2,308, according to the Wall Street Journal.

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