The final quarter of 2017 offered mixed results as we saw a slowdown in rental prices, but strong year-on-year increases across 1-4 family homes. This quarter's results highlight a growing trend, suggesting the increased supply in rental apartment areas like, Downtown Jersey City and Hoboken, have contained rental growth and helped housing affordability contrary to popular opinion. Meanwhile, areas with lower relative development have increased at a faster rate as demand has increased dramatically. Closing out 2017 with record-breaking numbers in The Heights and uncertainty admist the Jersey City tax revaluation and its impact, find out more about new changes and developments west of the Hudson River. Download the Q4, 2017 market report, courtesy of Pure Properties, to get the latest insight on all eight key Hudson County markets.
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