We all remember the jitters we’d get in school as report card time came around, nervous about whether our performance was good enough to earn us high marks.

Turns out these documents don’t just apply to academics, but to real estate too. New Jersey just received its latest housing market report card — and it’s not looking too good.

In Realtor.com’s latest report, it issued a grade for all 50 U.S. states and the District of Columbia based on how well they’re addressing housing affordability and homebuilding. These grades, ranging from an A+ to an F, were based on four key metrics relating to affordability and new construction in 2024.

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