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New Jersey Housing Market Viewed as Stable; Report Foresees Soft Landing.

Publication: Knight Ridder/Tribune Business News
Date: Wednesday, October 15 2003

By Allison Pries, The Record, Hackensack, N.J. Knight Ridder/Tribune Business News

Oct. 15-- The housing bubble is not likely to burst, according to a report released Tuesday by Rutgers University.

The report, published by the Edward J. Bloustein School of Planning and Public Policy, looked at housing in the tri-state area and found that the combined effects of rising interest rates, advancing incomes, and a stronger economy will lead to a soft landing, where appreciation slows down but does not decline sharply.

"Part of a bubble market is a

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