N.J. Realtor figures show stronger housing market, though South Jersey remains sluggish
Joe Rundle at City financial firm ETX Capital said: The stock jumping to 280p in the first half hour of trade reflects just how investors feel. Foxtons sold 60 per cent of its equity to become the latest property firm to float after estate agent Countrywide and housebuilder Crest Nicholson earlier this year. The stock jumping to 280p in the first half hour of trade reflects just how investors feel Joe Rundle, ETX Capital The oversubscribed offering raised 335million for selling investors, including majority owner private equity group BC Partners and company staff. Chief executive Michael Brown stands to pocket 52.3million.
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That means half of houses selling in the county sold for more, and half for less. Related Documents South Jersey home sales Posted: Sunday, September 22, 2013 12:05 am N.J. Realtor figures show stronger housing market, though South Jersey remains sluggish blog url By BRIAN IANIERI Staff Writer The Press of Atlantic City By BRIAN IANIERI Staff Writer New Jerseys housing market has shown signs of strengthening in the past 12 months, with single-family homes selling 13 days faster and for $11,000 more than the prior year, according to new data from the New Jersey Association of Realtors. The market is starting to rebound, said Jarrod Grasso, the associations CEO. Were having a stronger market than weve seen in the last several years. But some South Jersey markets have been markedly slower. In Cape May County, for example, the median home sale price dropped to $369,275 in the 12-month period ending in August, a 12 percent decline, the NJAR data show.
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