Reprinted from the NY Times: How a Tunnel Would Help New Jersey Home Values Benjamin Norman for The New York Times If a third rail tunnel was built under the Hudson, homes close to a rail station offering direct service to Manhattan, like this one at Watchung Avenue in Montclair, would be likely to rise in value. By ANTOINETTE MARTIN WHAT is the real estate value of a one-seat train ride to Manhattan...
Antoinette Martin
In case you missed Sunday's New York Times Article A Market Going Downhill Fast, home buyers and sellers in New Jersey have a lot to think about. Overall, New Jersey home sale prices have declined by an average of 15 to 20 percent in every county in the past three and a half years based on contract sales data. However, towns along and adjacent to the Midtown Direct Train-line have actually seen average...