Wednesday, September 25, 2013

Panel Discusses The Real Estate Market

New USDA Maps Eligible Areas Narrow In New Jersey

The New USDA maps indicate that Ocean and Monmouth County are basically no longer qualified. Only parts of Waretown, Plumsted and Upper Freehold Township still have eligible areas.

I believe some people are not watching what's happening around them. Two county's and for that matter a large part of the state no longer qualifies for the USDA federally funded mortgage program. 

"Look for yourself"  On the map below the yellow areas on the left will no longer qualify for funding. And look at New Jersey qualified areas overall.

Is New Jersey being penalized for something? Why? What is going on? 

Something is not quite right here.

This is just one more issue that our representatives need to speak up about.

Your freeholders need to hear from you, Your senators and congressmen need to hear from you......

Interesting Facts:
United States Census (2000 census) defines rural areas as comprising open
country and settlements with fewer than 2,500 residents (population/administrative-based); areas designated as rural can have population densities as high as 999 per square mile or as low as 1 person
per square mile (population/land use-based).

United States Department of Agriculture (2002 farm bill) defines rural
areas as any area other than (1) a city or town that has a population of
greater than 50,000 inhabitants, and (2) the urbanized areas contiguous
and adjacent to such a city or town.

United States Office of Management and Budget defines a Metropolitan
Statistical Area as consisting of (1) central counties with one or more
urbanized areas (as defined by the Census Bureau) and (2) outlying
counties that are economically tied to the core counties as measured by
worker commuting data (i.e. if 25% of workers living there commute to the
core counties, or if 25% of the employment in the county consists of workers coming from the central counties). Non-metro counties (rural counties) are outside the boundaries of metro areas.