Jersey City "Discount" Shrinking

In recent years, bargain hunters have settled on the west side of the Hudson River. Between Hoboken and downtown Jersey City, Hoboken had been the premium neighborhood with a premium price tag to match. But now that discount is disappearing, notes blog Inside Hoboken Real Estate. Using sales over the last six months, the blog notes the price savings for Jersey City over Hoboken is down to a little under 7 percent. Still, both cities are discounted over Manhattan.