njfuture redevelopment forum 13 foreclosures newman
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Kathe Newman, Associate Professor and DirectorwithMargaret Ricke,Research Associate Ralph W. Voorhees Center for Civic EngagementUrban Planning and Policy DevelopmentEdward J. Bloustein School of Planning and Public PolicyRutgers University
March 2013
Lending and Foreclosure in NJ
Tuesday, March 5, 13
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Tuesday, March 5, 13
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OCEAN
SUSSEX
ATLANTIC
BURLINGTON
MORRIS
SALEM
WARREN
MONMOUTH
CUMBERLAND
HUNTERDON
BERGEN
CAPE MAY
MIDDLESEX
SOMERSET
MERCER
CAMDEN
GLOUCESTER
PASSAIC
ESSEX
UNION
HUDSON
Share of High-Cost Loans by Census TractLess than 10%
10% to 25%
25% to 50%
Greater than 50%
NJ Counties
0 10 205MilesSource: FFIEC, Home Mortgage Disclosure ActNew Jersey Geographic Information Network
High-Cost Home Mortgage Originations
New Jersey, 2005-2006
Tuesday, March 5, 13
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Foreclosure Starts
Tuesday, March 5, 13
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0.00#
0.10#
0.20#
0.30#
0.40#
0.50#
0.60#
0.70#
0.80#
0.90#
1.00#03
:Q1#
03:Q2#
03:Q3#
03:Q4#
04:Q1#
04:Q2#
04:Q3#
04:Q4#
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11:Q1#
11:Q2#
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12:Q1#
12:Q2#
12:Q3#
AZ#
CA#
FL#
IL#
MI#
NJ#
NV#
NY#
OH#
PA#
TX#
ALL#
New York Federal Reserve Bank Household Debt and Credit Report FRBNY Consumer Credit Panel, 5% sample of people with credit reports using Equifax expanding with household characteristics the NY Fed collects http://www.newyorkfed.org/householdcredit/data_dictionary_HHDC.pdf
Consumers with New Foreclosures 2003-Q3 2012
New Jersey
0.00#
0.05#
0.10#
0.15#
0.20#
0.25#
03:Q
1#03
:Q2#
03:Q
3#03
:Q4#
04:Q
1#04
:Q2#
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:Q4#
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1#12
:Q2#
12:Q
3#
NJ#New Jersey
Tuesday, March 5, 13
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NJ: Number of Foreclosure Filings2005-2012
NJ Administrative Oce of the Courts, Foreclosure Division Accessible from NJ Division of Banking http://www.state.nj.us/dobi/division_banking/aoc_foreclosurestats.pdf
!20,253!!
!24,857!!
!36,360!!
!51,623!!
!66,717!!
!58,445!!
!11,037!!
!30,896!!
!-!!
!10,000!!
!20,000!!
!30,000!!
!40,000!!
!50,000!!
!60,000!!
!70,000!!
!80,000!!
2005! 2006! 2007! 2008! 2009! 2010! 2011! 2012!
Num
ber'o
f'Forec
losu
re'Filing
s'
Foreclosure'Filing'Year'
Total!Filings!
Residen;al!
Commercial!
Condo!
Tax!
Moratorium lifted August 2011
Moratorium applied Dec 2010
Tuesday, March 5, 13
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NJ: Number of Foreclosure Filings by Type of Filing2006-2012
NJ Administrative Oce of the Courts, Foreclosure Division Accessible from NJ Division of Banking http://www.state.nj.us/dobi/division_banking/aoc_foreclosurestats.pdf
0%#
10%#
20%#
30%#
40%#
50%#
60%#
70%#
80%#
90%#
100%#
2006# 2007# 2008# 2009# 2010# 2011# 2012#
Num
ber'o
f'Forec
losu
re'Filing
s'
Filing'Year'
Tax#
Condo#
Commercial#
Residen
-
Metro Areas: Highest Foreclosure Rate September 2012
Of 100 largest U.S. metro areas as of September 2012
Foreclosure-Response.org summary of LPS Applied Analytics data with some modifications to adjust for undercoverage March 2011. LPS analysis available here: : http://www.foreclosure-response.org/maps_and_data/metro_delinquency_data_tables.html Seriously delinquent loans are measured as loans that are 90 days or more delinquent or in
foreclosure. Analysis includes first liens.
Metro Metro RankForeclosure
Rate Prime Subprime
Vineland-Millville-Bridgeton 2nd 17% 10% 46%
Atlantic City-Hammonton 14th 13% 10% 44%
Trenton-Ewing 27th 10% 7% 39%
Ocean City 73rd 7% 5% 40%
Tuesday, March 5, 13
-
Ocean City, NJ
New York-Northern New Jersey-Long Island, NY-NJ-PA
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
Atlantic City-Hammonton, NJ
Vineland-Millville-Bridgeton, NJ
Trenton-Ewing, NJ
Allentown-Bethlehem-Easton, PA-NJ
Total Foreclosure RateLess than 6%6% to 8%8% to 10%Greater than 10%
0 10 20 30 405 Miles
Foreclosure RateMetropolitan Statistical Area
September 2012New Jersey
Source: LPS data analyzed by LISC, www.foreclosure-response.org
Tuesday, March 5, 13
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Ocean City, NJ
New York-Northern New Jersey-Long Island, NY-NJ-PA
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
Atlantic City-Hammonton, NJ
Vineland-Millville-Bridgeton, NJ
Trenton-Ewing, NJ
Allentown-Bethlehem-Easton, PA-NJ
Prime Foreclosure RateLess than 4%4% to 5%5% to 6%Greater than 6%
0 10 20 30 405 Miles
Prime Foreclosure RateMetropolitan Statistical Area
September 2012New Jersey
Source: LPS data analyzed by LISC, www.foreclosure-response.org
Tuesday, March 5, 13
-
Ocean City, NJ
New York-Northern New Jersey-Long Island, NY-NJ-PA
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
Atlantic City-Hammonton, NJ
Vineland-Millville-Bridgeton, NJ
Trenton-Ewing, NJ
Allentown-Bethlehem-Easton, PA-NJ
Subprime Foreclosure RateLess than 25%25% to 30%30% to 35%Greater than 35%
0 10 20 30 405 Miles
Subprime Foreclosure RateMetropolitan Statistical Area
September 2012New Jersey
Source: LPS data analyzed by LISC, www.foreclosure-response.org
Tuesday, March 5, 13
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NJ Counties: Residential Foreclosure Filings by Year Filed2006-2012
NJ Administrative Oce of the Courts, Foreclosure Division Accessible from NJ Division of Banking http://www.state.nj.us/dobi/division_banking/aoc_foreclosurestats.pdf
0"
5000"
10000"
15000"
20000"
25000"
30000"
Atlan,c"
Bergen"
Burlington"
Camden"
Cape"May"
Cumberland"
Essex"
Gloucester"
Hunterdon"
Hudson"
Mercer"
Middlesex"
Monmouth"
Morris"
Ocean"
Passaic"
Salem
"
Somerset"
Sussex"
Union"
Warren"
Num
ber'o
f'Foreclosure'Filing
s'
County'Where'the'Property'Is'Located'
TOTAL"12"
TOTAL"11"
TOTAL"10"
TOTAL"09"
TOTAL"08"
TOTAL"07"
TOTAL"06"
Tuesday, March 5, 13
-
OCEAN
SUSSEX
ATLANTIC
BURLINGTON
MORRIS
SALEM
WARREN
MONMOUTH
CUMBERLAND
HUNTERDON
BERGEN
CAPE MAY
MIDDLESEXSOMERSET
MERCER
CAMDEN
GLOUCESTER
PASSAIC
ESSEX
UNION
HUDSON
Residential Foreclosure Starts 2006Less than 1,000
1,000 - 2,000
2,000 - 3,000
3,000 - 5,000
More than 5,000
NJ Counties
0 10 205MilesSource: Administrative Office of the Courts, New Jersey State Courts
Foreclosure Starts 2006 - 2012
New Jersey
Tuesday, March 5, 13
-
OCEAN
SUSSEX
ATLANTIC
BURLINGTON
MORRIS
SALEM
WARREN
MONMOUTH
CUMBERLAND
HUNTERDON
BERGEN
CAPE MAY
MIDDLESEXSOMERSET
MERCER
CAMDEN
GLOUCESTER
PASSAIC
ESSEX
UNION
HUDSON
Residential Foreclosure Starts 2007Less than 1,000
1,000 - 2,000
2,000 - 3,000
3,000 - 5,000
More than 5,000
NJ Counties
0 10 205MilesSource: Administrative Office of the Courts, New Jersey State Courts
Foreclosure Starts 2006 - 2012
New Jersey
Tuesday, March 5, 13
-
OCEAN
SUSSEX
ATLANTIC
BURLINGTON
MORRIS
SALEM
WARREN
MONMOUTH
CUMBERLAND
HUNTERDON
BERGEN
CAPE MAY
MIDDLESEXSOMERSET
MERCER
CAMDEN
GLOUCESTER
PASSAIC
ESSEX
UNION
HUDSON
Residential Foreclosure Starts 2008Less than 1,000
1,000 - 2,000
2,000 - 3,000
3,000 - 5,000
More than 5,000
NJ Counties
0 10 205MilesSource: Administrative Office of the Courts, New Jersey State Courts
Foreclosure Starts 2006 - 2012
New Jersey
Tuesday, March 5, 13
-
OCEAN
SUSSEX
ATLANTIC
BURLINGTON
MORRIS
SALEM
WARREN
MONMOUTH
CUMBERLAND
HUNTERDON
BERGEN
CAPE MAY
MIDDLESEXSOMERSET
MERCER
CAMDEN
GLOUCESTER
PASSAIC
ESSEX
UNION
HUDSON
Residential Foreclosure Starts 2009Less than 1,000
1,000 - 2,000
2,000 - 3,000
3,000 - 5,000
More than 5,000
NJ Counties
0 10 205MilesSource: Administrative Office of the Courts, New Jersey State Courts
Foreclosure Starts 2006 - 2012
New Jersey
Tuesday, March 5, 13
-
OCEAN
SUSSEX
ATLANTIC
BURLINGTON
MORRIS
SALEM
WARREN
MONMOUTH
CUMBERLAND
HUNTERDON
BERGEN
CAPE MAY
MIDDLESEXSOMERSET
MERCER
CAMDEN
GLOUCESTER
PASSAIC
ESSEX
UNION
HUDSON
Residential Foreclosure Starts 2010Less than 1,000
1,000 - 2,000
2,000 - 3,000
3,000 - 5,000
More than 5,000
NJ Counties
0 10 205MilesSource: Administrative Office of the Courts, New Jersey State Courts
Foreclosure Starts 2006 - 2012
New Jersey
Tuesday, March 5, 13
-
OCEAN
SUSSEX
ATLANTIC
BURLINGTON
MORRIS
SALEM
WARREN
MONMOUTH
CUMBERLAND
HUNTERDON
BERGEN
CAPE MAY
MIDDLESEXSOMERSET
MERCER
CAMDEN
GLOUCESTER
PASSAIC
ESSEX
UNION
HUDSON
Residential Foreclosure Starts 2011Less than 1,000
1,000 - 2,000
2,000 - 3,000
3,000 - 5,000
More than 5,000
NJ Counties
0 10 205MilesSource: Administrative Office of the Courts, New Jersey State Courts
Foreclosure Starts 2006 - 2012
New Jersey
Tuesday, March 5, 13
-
OCEAN
SUSSEX
ATLANTIC
BURLINGTON
MORRIS
SALEM
WARREN
MONMOUTH
CUMBERLAND
HUNTERDON
BERGEN
CAPE MAY
MIDDLESEXSOMERSET
MERCER
CAMDEN
GLOUCESTER
PASSAIC
ESSEX
UNION
HUDSON
Residential Foreclosure Starts 2012Less than 1,000
1,000 - 2,000
2,000 - 3,000
3,000 - 5,000
More than 5,000
NJ Counties
0 10 205MilesSource: Administrative Office of the Courts, New Jersey State Courts
Foreclosure Starts 2006 - 2012
New Jersey
Tuesday, March 5, 13
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Seriously Delinquent
Tuesday, March 5, 13
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0.00#
5.00#
10.00#
15.00#
20.00#
25.00#
30.00#03
:Q1#
03:Q2#
03:Q3#
03:Q4#
04:Q1#
04:Q2#
04:Q3#
04:Q4#
05:Q1#
05:Q2#
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07:Q2#
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07:Q4#
08:Q1#
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08:Q3#
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09:Q1#
09:Q2#
09:Q3#
09:Q4#
10:Q1#
10:Q2#
10:Q3#
10:Q4#
11:Q1#
11:Q2#
11:Q3#
11:Q4#
12:Q1#
12:Q2#
12:Q3#
AZ#
CA#
FL#
IL#
MI#
NJ#
NV#
NY#
OH#
PA#
TX#
ALL#
Percent of Mortgage Debt 90+ Days Delinquent, 120+ Days Delinquent, or Severely Derogatory
2003-2012 3Q
New York Federal Reserve Bank Household Debt and Credit Report FRBNY Consumer Credit Panel, 5% sample of people with credit reports using Equifax expanding with household characteristics the NY Fed collects http://www.newyorkfed.org/householdcredit/data_dictionary_HHDC.pdf
New Jersey
Florida
Nevada
Tuesday, March 5, 13
-
Metro Areas: 90+ days delinquent (not yet in foreclosure)
Of 100 metro areas in the U.S. with the largest increase in 90+ day delinquencies Sept 12
Foreclosure-Response.org summary of LPS Applied Analytics data with some modifications to adjust for undercoverage Sept 2012. LPS analysis available here: http://www.foreclosure-response.org/maps_and_data/metro_delinquency_data_tables.html. Seriously delinquent loans are measured as first liens that are 90 days or more delinquent or in foreclosure. Seriously delinquent rate is measured as 90+ delinquent share of all first lien mortgages.
Metro Metro Rank 90+ Days Delinquent
Vineland-Millville-Bridgeton 1st 9%
Atlantic City-Hammonton 7th 6%
Trenton-Ewing 29th 4%
Tuesday, March 5, 13
-
Metro Areas: Serious Delinquency Sept 11- Sept 12(90+ days delinquent or in foreclosure)
Of the top 25 largest U.S. metro areas - September 2012 compared with September 2011
Foreclosure-Response.org summary of LPS Applied Analytics data with some modifications to adjust for undercoverage March 2012. LPS analysis available here: http://www.foreclosure-response.org/maps_and_data/metro_delinquency_data_tables.html 90 days or more delinquent or in foreclosure. Analysis includes first liens.
Metro Metro Rank 90+ Days Delinquent or in Foreclosure Sept 11-Sept 12
Vineland-Millville-Bridgeton 1st 26%
Atlantic City-Hammonton 2nd 19%
Trenton-Ewing 6th 14%
Tuesday, March 5, 13
-
New York-Northern New Jersey-Long Island, NY-NJ-PA
Allentown-Bethlehem-Easton, PA-NJ
Trenton-Ewing, NJ
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
Atlantic City-Hammonton, NJ
Ocean City, NJ
Vineland-Millville-Bridgeton, NJ
Serious Delinquency RateLess than 10%
10% to 12%
12% to 14%
Greater than 14%
0 10 20 30 405 Miles
Serious Delinquency RateMetropolitan Statistical Area
December 2009New Jersey
Source: LPS data analyzed by LISC, www.foreclosure-response.org
90+ days delinquent or in foreclosure in the last month
Tuesday, March 5, 13
-
New York-Northern New Jersey-Long Island, NY-NJ-PA
Allentown-Bethlehem-Easton, PA-NJ
Trenton-Ewing, NJ
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
Atlantic City-Hammonton, NJ
Ocean City, NJ
Vineland-Millville-Bridgeton, NJ
Serious Delinquency RateLess than 10%
10% to 12%
12% to 14%
Greater than 14%
0 10 20 30 405 Miles
Serious Delinquency RateMetropolitan Statistical Area
September 2011New Jersey
Source: LPS data analyzed by LISC, www.foreclosure-response.org
90+ days delinquent or in foreclosure in the last month
Tuesday, March 5, 13
-
New York-Northern New Jersey-Long Island, NY-NJ-PA
Allentown-Bethlehem-Easton, PA-NJ
Trenton-Ewing, NJ
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
Atlantic City-Hammonton, NJ
Ocean City, NJ
Vineland-Millville-Bridgeton, NJ
Serious Delinquency RateLess than 10%
10% to 12%
12% to 14%
Greater than 14%
0 10 20 30 405 Miles
Serious Delinquency RateMetropolitan Statistical Area
September 2012New Jersey
Source: LPS data analyzed by LISC, www.foreclosure-response.org
90+ days delinquent or in foreclosure in the last month
Tuesday, March 5, 13
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NJ: Loan Modifications and Workouts Reported by the Federal HAMP Program
Making Home Aordable. Servicer Performance Report Through December 2012. As of Feb 2013 http://www.treasury.gov/initiatives/financial-stability/reports/Pages/Making-Home-Aordable-Program-Performance-Report.aspx http://portal.hud.gov/portal/page/portal/HUD/initiatives/Housing%20Scorecard
0"
5,000"
10,000"
15,000"
20,000"
25,000"
30,000"
35,000"
40,000"Oct,09"
Nov
,09"
Dec,09
"Jan,10
"Feb,10
"Mar,10"
Apr,10
"May,10"
Jun,10
"Jul,1
0"Au
g,10
"Sep,10
"Oct,10"
Nov
,10"
Dec,10
"Jan,11
"Feb,11
"Mar,11"
Apr,11
"May,11"
Jun,11
"Jul,1
1"Au
g,11
"Sep,11
"Oct,11"
Nov
,11"
Dec,11
"Jan,12
"Feb,12
"Mar,12"
Apr,12
"May,12"
Jun,12
"Jul,1
2"Au
g,12
"Sep,12
"Oct,12"
Nov
,12"
Dec,12
"
Num
ber'o
f'Mod
ca/
ons' AcAve"or"
Permanent"ModicaAons"
AcAve"Trials"
Permanent"ModicaAons"
Tuesday, March 5, 13
-
House Price Change
Tuesday, March 5, 13
-
NJ Counties Year-to-Year House Price Change
New York Federal Reserve Bank. Feb 2013 based on NY Fed CoreLogic House Price Indices. http://www.newyorkfed.org/home-price-index/#
!20.0%&
!15.0%&
!10.0%&
!5.0%&
0.0%&
5.0%&
10.0%&
15.0%&
20.0%&
25.0%&
30.0%&
2003$ 2004$ 2005$ 2006$ 2007$ 2008$ 2009$ 2010$ 2011$ 2012$
Home$Price$De
cline$Ye
ar$to
$Yea
r$CoreLog
ic$Hou
se$Pric
e$Indices$V
ia$NY$Fed$
Hunterdon&
Atlan5c&
Bergen&
Burlington&
Camden&
Cape&May&
Cumberland&
Essex&
Gloucester&
Hudson&
Mercer&
Middlesex&
Monmouth&
Morris&
Ocean&
Passaic&
Salem&
Somerset&
Sussex&
Union&
Warren&
Cumberland
Cape May
Atlantic
Salem
Salem
HudsonCape May
Cape May
HudsonAtlantic
Atlantic
Passaic
Salem
Tuesday, March 5, 13
-
OCEAN
SUSSEX
ATLANTIC
BURLINGTON
MORRIS
SALEM
WARREN
MONMOUTH
CUMBERLAND
HUNTERDON
BERGEN
CAPE MAY
MIDDLESEX
SOMERSET
MERCER
CAMDEN
GLOUCESTER
PASSAIC
ESSEX
UNION
HUDSON
Percent Change in Home Prices-25% to -20%
-20% to -15%
-15% to -10%
-10% to -5%
-5% to 0%
0% to 5%
5% to 10%
10% to 15%
15% to 20%
20% to 25%
0 10 205MilesSource: Federal Reserve Bank of New York, 2013
Change in Home PricesNew Jersey
January 2002 - January 2003
Tuesday, March 5, 13
-
OCEAN
SUSSEX
ATLANTIC
BURLINGTON
MORRIS
SALEM
WARREN
MONMOUTH
CUMBERLAND
HUNTERDON
BERGEN
CAPE MAY
MIDDLESEX
SOMERSET
MERCER
CAMDEN
GLOUCESTER
PASSAIC
ESSEX
UNION
HUDSON
Percent Change in Home Prices-25% to -20%
-20% to -15%
-15% to -10%
-10% to -5%
-5% to 0%
0% to 5%
5% to 10%
10% to 15%
15% to 20%
20% to 25%
0 10 205MilesSource: Federal Reserve Bank of New York, 2013
Change in Home PricesNew Jersey
January 2003 - January 2004
Tuesday, March 5, 13
-
OCEAN
SUSSEX
ATLANTIC
BURLINGTON
MORRIS
SALEM
WARREN
MONMOUTH
CUMBERLAND
HUNTERDON
BERGEN
CAPE MAY
MIDDLESEX
SOMERSET
MERCER
CAMDEN
GLOUCESTER
PASSAIC
ESSEX
UNION
HUDSON
Percent Change in Home Prices-25% to -20%
-20% to -15%
-15% to -10%
-10% to -5%
-5% to 0%
0% to 5%
5% to 10%
10% to 15%
15% to 20%
20% to 25%
0 10 205MilesSource: Federal Reserve Bank of New York, 2013
Change in Home PricesNew Jersey
January 2004 - January 2005
Tuesday, March 5, 13
-
OCEAN
SUSSEX
ATLANTIC
BURLINGTON
MORRIS
SALEM
WARREN
MONMOUTH
CUMBERLAND
HUNTERDON
BERGEN
CAPE MAY
MIDDLESEX
SOMERSET
MERCER
CAMDEN
GLOUCESTER
PASSAIC
ESSEX
UNION
HUDSON
Percent Change in Home Prices-25% to -20%
-20% to -15%
-15% to -10%
-10% to -5%
-5% to 0%
0% to 5%
5% to 10%
10% to 15%
15% to 20%
20% to 25%
0 10 205MilesSource: Federal Reserve Bank of New York, 2013
Change in Home PricesNew Jersey
January 2005 - January 2006
Tuesday, March 5, 13
-
OCEAN
SUSSEX
ATLANTIC
BURLINGTON
MORRIS
SALEM
WARREN
MONMOUTH
CUMBERLAND
HUNTERDON
BERGEN
CAPE MAY
MIDDLESEX
SOMERSET
MERCER
CAMDEN
GLOUCESTER
PASSAIC
ESSEX
UNION
HUDSON
Percent Change in Home Prices-25% to -20%
-20% to -15%
-15% to -10%
-10% to -5%
-5% to 0%
0% to 5%
5% to 10%
10% to 15%
15% to 20%
20% to 25%
0 10 205MilesSource: Federal Reserve Bank of New York, 2013
Change in Home PricesNew Jersey
January 2006 - January 2007
Tuesday, March 5, 13
-
OCEAN
SUSSEX
ATLANTIC
BURLINGTON
MORRIS
SALEM
WARREN
MONMOUTH
CUMBERLAND
HUNTERDON
BERGEN
CAPE MAY
MIDDLESEX
SOMERSET
MERCER
CAMDEN
GLOUCESTER
PASSAIC
ESSEX
UNION
HUDSON
Percent Change in Home Prices-25% to -20%
-20% to -15%
-15% to -10%
-10% to -5%
-5% to 0%
0% to 5%
5% to 10%
10% to 15%
15% to 20%
20% to 25%
0 10 205MilesSource: Federal Reserve Bank of New York, 2013
Change in Home PricesNew Jersey
January 2007 - January 2008
Tuesday, March 5, 13
-
OCEAN
SUSSEX
ATLANTIC
BURLINGTON
MORRIS
SALEM
WARREN
MONMOUTH
CUMBERLAND
HUNTERDON
BERGEN
CAPE MAY
MIDDLESEX
SOMERSET
MERCER
CAMDEN
GLOUCESTER
PASSAIC
ESSEX
UNION
HUDSON
Percent Change in Home Prices-25% to -20%
-20% to -15%
-15% to -10%
-10% to -5%
-5% to 0%
0% to 5%
5% to 10%
10% to 15%
15% to 20%
20% to 25%
0 10 205MilesSource: Federal Reserve Bank of New York, 2013
Change in Home PricesNew Jersey
January 2008 - January 2009
Tuesday, March 5, 13
-
OCEAN
SUSSEX
ATLANTIC
BURLINGTON
MORRIS
SALEM
WARREN
MONMOUTH
CUMBERLAND
HUNTERDON
BERGEN
CAPE MAY
MIDDLESEX
SOMERSET
MERCER
CAMDEN
GLOUCESTER
PASSAIC
ESSEX
UNION
HUDSON
Percent Change in Home Prices-25% to -20%
-20% to -15%
-15% to -10%
-10% to -5%
-5% to 0%
0% to 5%
5% to 10%
10% to 15%
15% to 20%
20% to 25%
0 10 205MilesSource: Federal Reserve Bank of New York, 2013
Change in Home PricesNew Jersey
January 2009 - January 2010
Tuesday, March 5, 13
-
OCEAN
SUSSEX
ATLANTIC
BURLINGTON
MORRIS
SALEM
WARREN
MONMOUTH
CUMBERLAND
HUNTERDON
BERGEN
CAPE MAY
MIDDLESEX
SOMERSET
MERCER
CAMDEN
GLOUCESTER
PASSAIC
ESSEX
UNION
HUDSON
Percent Change in Home Prices-25% to -20%
-20% to -15%
-15% to -10%
-10% to -5%
-5% to 0%
0% to 5%
5% to 10%
10% to 15%
15% to 20%
20% to 25%
0 10 205MilesSource: Federal Reserve Bank of New York, 2013
Change in Home PricesNew Jersey
January 2010 - January 2011
Tuesday, March 5, 13
-
OCEAN
SUSSEX
ATLANTIC
BURLINGTON
MORRIS
SALEM
WARREN
MONMOUTH
CUMBERLAND
HUNTERDON
BERGEN
CAPE MAY
MIDDLESEX
SOMERSET
MERCER
CAMDEN
GLOUCESTER
PASSAIC
ESSEX
UNION
HUDSON
Percent Change in Home Prices-25% to -20%
-20% to -15%
-15% to -10%
-10% to -5%
-5% to 0%
0% to 5%
5% to 10%
10% to 15%
15% to 20%
20% to 25%
0 10 205MilesSource: Federal Reserve Bank of New York, 2013
Change in Home PricesNew Jersey
January 2011 - January 2012
Tuesday, March 5, 13
-
OCEAN
SUSSEX
ATLANTIC
BURLINGTON
MORRIS
SALEM
WARREN
MONMOUTH
CUMBERLAND
HUNTERDON
BERGEN
CAPE MAY
MIDDLESEXSOMERSET
MERCER
CAMDEN
GLOUCESTER
PASSAIC
ESSEX
UNION
HUDSON
0 10 205Miles
Percentage of Vacant Housing (Excluding Seasonal, Recreational, or Occasional Use)
Less than 5%
5% to 15%
15% to 25%
Greater than 25%
NJ Counties
Source: US Census Bureau - 2010
Vacant Housing UnitsNew Jersey
Census 2010
Tuesday, March 5, 13
-
Unemployment
Tuesday, March 5, 13
-
OCEAN
SUSSEX
ATLANTIC
BURLINGTON
MORRIS
SALEM
WARREN
MONMOUTH
CUMBERLAND
HUNTERDON
BERGEN
CAPE MAY
MIDDLESEX
SOMERSET
MERCER
CAMDEN
GLOUCESTER
PASSAIC
ESSEX
UNION
HUDSON
Unemployment Rate by MunicipalityLess than 3%
3% to 6%
6% to 10%
10% to 15%
Greater than 15%
NJ Counties
0 10 205MilesSource: New Jersey Department of Labor and Workforce Development;Labor Planning and AnalysisLocal Area Unemployemnt Statistics2000-2011
Unemployment RateNew Jersey, 2007
Tuesday, March 5, 13
-
OCEAN
SUSSEX
ATLANTIC
BURLINGTON
MORRIS
SALEM
WARREN
MONMOUTH
CUMBERLAND
HUNTERDON
BERGEN
CAPE MAY
MIDDLESEX
SOMERSET
MERCER
CAMDEN
GLOUCESTER
PASSAIC
ESSEX
UNION
HUDSON
Unemployment Rate by MunicipalityLess than 3%
3% to 6%
6% to 10%
10% to 15%
Greater than 15%
NJ Counties
0 10 205MilesSource: New Jersey Department of Labor and Workforce Development;Labor Planning and AnalysisLocal Area Unemployemnt Statistics2000-2011
Unemployment RateNew Jersey, 2008
Tuesday, March 5, 13
-
OCEAN
SUSSEX
ATLANTIC
BURLINGTON
MORRIS
SALEM
WARREN
MONMOUTH
CUMBERLAND
HUNTERDON
BERGEN
CAPE MAY
MIDDLESEX
SOMERSET
MERCER
CAMDEN
GLOUCESTER
PASSAIC
ESSEX
UNION
HUDSON
Unemployment Rate by MunicipalityLess than 3%
3% to 6%
6% to 10%
10% to 15%
Greater than 15%
NJ Counties
0 10 205MilesSource: New Jersey Department of Labor and Workforce Development;Labor Planning and AnalysisLocal Area Unemployemnt Statistics2000-2011
Unemployment RateNew Jersey, 2009
Tuesday, March 5, 13
-
OCEAN
SUSSEX
ATLANTIC
BURLINGTON
MORRIS
SALEM
WARREN
MONMOUTH
CUMBERLAND
HUNTERDON
BERGEN
CAPE MAY
MIDDLESEX
SOMERSET
MERCER
CAMDEN
GLOUCESTER
PASSAIC
ESSEX
UNION
HUDSON
Unemployment Rate by MunicipalityLess than 3%
3% to 6%
6% to 10%
10% to 15%
Greater than 15%
NJ Counties
0 10 205MilesSource: New Jersey Department of Labor and Workforce Development;Labor Planning and AnalysisLocal Area Unemployemnt Statistics2000-2011
Unemployment RateNew Jersey, 2010
Tuesday, March 5, 13
-
OCEAN
SUSSEX
ATLANTIC
BURLINGTON
MORRIS
SALEM
WARREN
MONMOUTH
CUMBERLAND
HUNTERDON
BERGEN
CAPE MAY
MIDDLESEX
SOMERSET
MERCER
CAMDEN
GLOUCESTER
PASSAIC
ESSEX
UNION
HUDSON
Unemployment Rate by MunicipalityLess than 3%
3% to 6%
6% to 10%
10% to 15%
Greater than 15%
NJ Counties
0 10 205MilesSource: New Jersey Department of Labor and Workforce Development;Labor Planning and AnalysisLocal Area Unemployemnt Statistics2000-2011
Unemployment RateNew Jersey, 2011
Tuesday, March 5, 13