The real estate market in the U.S. remains competitive, with home values rising despite slowing growth due to increasing mortgage rates. As of January, the typical home value was $356,776, a 2.6% increase from the previous year. In New Jersey, several cities are experiencing significant price increases, with typical home values and one-year price changes highlighted. Notable areas include the New York-Newark-Jersey City metro, where home values have surged, reflecting ongoing demand amidst limited supply.
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