The article takes a local look at how the Southern New Jersey real estate market is still feeling the impact from the real estate meltdown.
From Philly.com:
Still No. 1: New Jersey's supply of 'zombie' homes
The number of U.S. houses left vacant because of foreclosure was down at the start of the second quarter compared with the same period last year. But New Jersey's share of these "zombies" continues to be tops in the nation, real estate information provider RealtyTrac said Thursday.
There was an interesting takeaway from the RealtyTrac report, "Investment Properties Account for 75 Percent of all Vacant Properties Nationwide." For that reason it is important to carefully consider any real estate investments in 2016.