wikipedia.org

New Jersey

Metro: Edison-New Brunswick
What a Home Will Be Worth in 2012: $277,005
Q4 2008 price: $326,000
Projected price change by MSA: -15.0%
Projected price change by state: -13.3%

Home prices in the Edison-New Brunswick area already dropped more than 7% last year, and they are projected to fall nearly 14% this year. Despite its proximity to Manhattan, the area was particularly hurt by the mortgage bubble and rising unemployment and even by 2012, home prices will continue to be weak.

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