Please visit: http://www.ci.newark.nj.us/
Newark wins de facto home ownership increased, new businesses were established, multicultural environments: Hispanic, Portuguese, Africans Americans etc., walk score to area stores we give a seven ( in most communities), because their mayor is very involved and crime decreased. To know where to purchase a home; visually evaluate 6 or more school systems in various school districts. One must consider...Newark need 'more' proactive investors and residents, in order to see positive progression; on all levels.
Final answer: Yes.
Only negative>NJ Taxes
Combine that with the opinions of several market analysts who believe that many markets have bottomed out and the real estate market in general is starting to rebound.
While there are no guarantees about Newark's or any other market's future, I would say that in my opinion certain parts of Newark are a good bet for your money. Of course that still means that you have to crunch your numbers and buy right.
If you require any assistance with investigating Newark further for a possible investment or home purchase, feel free to contact me. I'd be more than happy to help:
Ibrahim S. Hughes
4 Bloomfield Avenue
Bloomfield, NJ 07003
Tel: (908) 578-1981