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North Jersey home values trapped in a time warp

village Council election

photo by Boyd Loving

BY KATHLEEN LYNN AND DAVID SHEINGOLD
STAFF WRITERS |
THE RECORD

In the overheated housing market of 2005, Barbara O’Leary and Dennis Poletto bought a Bergenfield colonial for $440,000 — just five years after the previous owner had paid $175,000.

Now, they’d like to downsize into a place with no stairs. But they feel they can’t move, because real estate agents have told them their home would probably sell for about $330,000.

https://www.northjersey.com/news/north-jersey-home-values-trapped-in-a-time-warp-1.1610704

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