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More Foreclosures than There Are Resale Homes in Trenton, New Jersey

Trenton, New Jersey is famous for being the site of a pivotal battle in the American Revolution. This battle enabled George Washington's troops to capture a Hessian encampment on December 26, 1776. Even though Trenton, New Jersey is the capital of New Jersey, the list of foreclosures is bigger than ever. Currently, there are about 3,126 foreclosure listings within the city and its surrounding areas. There are only an additional 2,648 resale and new homes on the market right now. Home values have depreciated by 5.4% in 2010. Don't let this stop you from buying a home in Trenton, New Jersey. The immense amount of foreclosures means better choices as well as lower foreclosure and auction costs.