Meanwhile, ForeclosureS.com also reported that new filings of foreclosure cases began to rise in New Jersey at the end of the third quarter.New filings rose from 3,228 in the second quarter to 3,668 in the third quarter, company president Alexis McGee said. Prices supported by severe supply constraints in New Jersey were making it easier for distressed homeowners to sell their way out of foreclosure, Ms. McGee said. She added that median home prices had risen 13% to $352,420 in the state so far in the second half of 2005, but that cutbacks by homebuilders and slowing sales volume suggested that the market would cool in 2006.
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