Mary Grunmeier

Housing

NJ Schools

I went to a seminar today about housing trends in NJ, and how these trends affects housing prices. (I'm a realtor.) In NJ, we believe in "home rule" which is a totally different discussion, but right now, here, 2/3 of the buyers have no school-aged children. Soon, 3/4 of the buyers will have no school-aged children. The Boomers have lost their school-aged children, and their children are not having children at a significant rate. So, school quality is becoming a less significant issue. So interesting when the state is totally cutting school funding to the schools that have always been regarded as some of the best, including in my town, where the state funding will go to zero. At the same time that the town's major employer has moved out. Yet, the town is one where all of the statistics show prices have at least bottomed out, and may be increasing.

Whippany, NJ