Category Archives: Shore Real Estate

“The problem is that every house on their block is for sale, too.”

Posted on August 30, 2010 by grim
Posted in Economics, Housing Bubble, Shore Real Estate | 47 Comments

From the NY Post (Hat tip Dan): Town is down on its luxe In this economy, it’s not uncommon for whole neighborhoods to be on the market. But Rumson, NJ, a leafy bedroom community of 7,200 residents, nonetheless stands out: … Continue reading →

Las Vegas East? When is the razing scheduled for, Governor?

Posted on July 22, 2010 by grim
Posted in New Development, Politics, Shore Real Estate | 118 Comments

From the Star Ledger: Gov. Christie pledges to turn Atlantic City casino district into ‘Las Vegas East’ With more flair than a traveling road act, Gov. Chris Christie stood on the 50-yard line of the New Meadowlands Stadium today and … Continue reading →

Open Wallets? Arms Outstretched.

Posted on May 24, 2010 by grim
Posted in Economics, Shore Real Estate | 184 Comments

From the Asbury Park Press: Seaside sees good times when MTV show returns Filming of the MTV reality series “Jersey Shore” doesn’t begin here until July, but local business leaders Monday night rolled out the red carpet for the next … Continue reading →

Bargains at the shore?

Posted on May 3, 2010 by grim
Posted in Economics, Shore Real Estate | 275 Comments

From the APP: Shore’s summer rental market remains unsteady Jim Fuhse has rented property in Manasquan to summertime tourists since the early 1990s, through recessions and expansions, through sun and rain, so he can attest: This season is just, plain … Continue reading →

Shore homes hit by foreclosures

Posted on May 11, 2009 by grim
Posted in Economics, Housing Bubble, Shore Real Estate | 242 Comments

From the Press of Atlantic City: Data show many shore foreclosures on second homes Southern New Jersey hasn’t been spared from the wave of foreclosures in the U.S. But the character of foreclosures might be a little different here compared … Continue reading →

Changed your vacation plans yet?

Posted on March 2, 2009 by grim
Posted in Shore Real Estate | 403 Comments

From the AP: Troubled times could be boon for Shore tourism Surging gasoline prices forced many New Jerseyans to rethink their vacation plans last summer, and stay closer to home. This year, a tank of gas is far cheaper. But … Continue reading →

“It’s a very sad time for everybody.”

Posted on January 5, 2009 by grim
Posted in Economics, Housing Bubble, Shore Real Estate | 297 Comments

From the Asbury Park Press: The Shore’s economy is expected to slump in 2009 The Shore’s economy is expected to tumble again in 2009 as consumers, worried about falling home prices, reeling from investment losses and bracing for possible layoffs, … Continue reading →

NJ home prices rise and fall

Posted on May 14, 2008 by grim
Posted in New Jersey Real Estate, Shore Real Estate | 10 Comments

From the Asbury Park Press: Sale prices of homes stabilizing at Shore Home prices in the area that includes Monmouth and Ocean counties were essentially flat in the first quarter of 2008, declining by 0.6 percent from the same period … Continue reading →

Credible threat or environmental fear mongering?

Posted on February 5, 2007 by grim
Posted in Shore Real Estate | Comments Off

From the Asbury Park Press: Sea-level rise threatens bay shores, wetlands A rising sea level. Greater coastal flooding. Threats to wetlands. New Jersey’s future will include these and other key issues, according to experts interviewed before and after a new … Continue reading →

Jump in NJ shore rentals

Posted on January 21, 2007 by grim
Posted in Shore Real Estate | Comments Off

From the Press of Atlantic City: Shore rentals heat up as home sales cool off Fewer people may be buying a piece of the shore, but more are renting part of it. Real estate businesses are reporting a surge in … Continue reading →

Merge Rumson and Seabright?

Posted on October 26, 2006 by grim
Posted in Politics, Shore Real Estate | 30 Comments

From the Hub: A tale of two towns BY SUE MORGAN Though he is not Charles Dickens, borough resident Andrew Mencinsky has authored a proposal to merge his hometown and its neighbor across the river. To Mencinsky, the result could … Continue reading →

Changing Wildwood

Posted on October 23, 2006 by grim
Posted in New Development, Shore Real Estate | 18 Comments

From the Press of Atlantic City: Wildwood developers look to sky By MICHAEL MILLER Lately, when developers size up land for new construction in the city, they risk getting cricks in their necks. That’s because the most ambitious new projects … Continue reading →

Shore market not immune to slowdown

Posted on October 19, 2006 by grim
Posted in Housing Bubble, Shore Real Estate | 38 Comments

From the Asbury Park Press: A SLOWDOWN BY THE SEA? BY DAVID P. WILLIS A boom in townhouse and condominium construction has been a vital part of oceanfront redevelopment in the city, but the market here is not immune from … Continue reading →

What happened to Pennsauken Park?

Posted on October 12, 2006 by grim
Posted in Shore Real Estate | 3 Comments

From the Courier Post Online: Deadline passes for Mart deal The Camden County Improvement Authority has been unable to seal a redevelopment deal with a national developer for 10 months to transform the nearly vacant Pennsauken Mart site into a … Continue reading →

Auction interest rising

Posted on September 30, 2006 by grim
Posted in Shore Real Estate | Comments Off

From the Press of Atlantic City: Going, going, gone ? Is the real estate boom By RICHARD DEGENER Buyers have been scarce lately as the once-booming shore real estate market has cooled, so sellers are resorting to some interesting tactics. … Continue reading →