Category Archives: Shore Real Estate

What’s going on in Brick?

From the Shorebeat blog: Brick Has a Major Foreclosure Problem on Its Hands Brick Township’s foreclosure rate is nearly double the state average and five times as high as the national average, leading Brick officials to contract with a firm … Continue reading

Posted in Foreclosures, New Jersey Real Estate, Shore Real Estate | 78 Comments

AC back on track?

From the WSJ: Atlantic City Places a New Bet on an Old Favorite: Casinos Two years after plummeting gambling revenue nearly tipped this seaside resort into bankruptcy, two new casinos are opening on the boardwalk. The casinos, which have hired … Continue reading

Posted in Economics, Shore Real Estate, South Jersey Real Estate | 86 Comments

Last cheap house at the shore?

From the Star Ledger: While there is a significant amount of hype around an Atlantic City revival in 2018, that upward swing hasn’t happened just yet. You know what that means? It is still relatively inexpensive to buy real estate … Continue reading

Posted in Shore Real Estate | 154 Comments

Hot summer at the Jersey Shore?

From the Press of Atlantic City: Demand for South Jersey summer rentals increases Atlantic and Cape May counties generally finish first and second, respectively, in terms of tourism dollars spent, hotels and homes rented, and other spending indicators measured each … Continue reading

Posted in Economics, Shore Real Estate | 67 Comments

Has Asbury made it?

From the NY Post: Jersey Shore’s Asbury Park returns to its glory days Few towns along the Jersey Shore have enjoyed a more visible beachfront revival over the past few years than Asbury Park, the vibrant summer enclave about 60 … Continue reading

Posted in Demographics, Economics, New Development, Shore Real Estate | 55 Comments

So much for the summer job

From Time: Where Did America’s Summer Jobs Go? It’s not like the jobs aren’t there. The ice cream still needs scooping. A Tilt-a-Whirl doesn’t run itself. And that floppy, weirdly heavy rubber frog that somersaults toward the rotating lily pads? … Continue reading

Posted in Economics, Employment, National Real Estate, Shore Real Estate | 55 Comments

Gentrification of the shore almost complete?

From the NYT: Memories of a Jersey Shore Town, Before a Boom On a hot August afternoon in the late 1990s, I waited at Donnelly’s Deli in Avalon, N.J., for our family’s sandwich order. This was a rare treat. We … Continue reading

Posted in Demographics, Economics, Shore Real Estate | 176 Comments

How your tax dollars are spent to protect the wealthy

From Climate Central: How Rising Seas Drowned the Flood Insurance Program Long Beach Island is the largest and richest barrier island in New Jersey, an oasis of sprawling oceanfront retreats and second homes located midway down the state’s heavily developed … Continue reading

Posted in Politics, Risky Lending, Shore Real Estate | 22 Comments

Somebody believes in AC

From the AP: Showboat Owner Blatstein Buys Land Nearby in Atlantic City Bart Blatstein, the Philadelphia developer who’s been buying up distressed Atlantic City properties and re-opening them, has added three more Boardwalk parcels for about $6 million. Blatstein, who … Continue reading

Posted in New Development, New Jersey Real Estate, Shore Real Estate | 115 Comments

The other South Jersey market

From the Press of Atlantic City: South Jersey beach construction booming John Van Duyne heads into a house he recently finished building, a few doors off the beach in Ventnor. He points out the quartz shower seats and countertops in … Continue reading

Posted in New Development, Shore Real Estate | 51 Comments

Think warm thoughts – shore rentals already up 33% YOY.

From the Philly Inquirer: The rush is already on for rentals at the Jersey Shore From the second-story deck of his aunt’s rental property near 20th and Central, real estate agent Bill Godfrey points out the ocean view a block … Continue reading

Posted in Economics, New Jersey Real Estate, Shore Real Estate | 54 Comments

Regulations killing Atlantic City

From the Star Ledger: Casino bureaucracy Revels in red tape instead of fixing past mistakes in A.C.: Mulshine I was driving across the country a few years ago when I decided to get off the Interstate and try some local … Continue reading

Posted in Politics, Shore Real Estate | 22 Comments

Foreclosure City

From the Press of Atlantic City: Foreclosures continue to plague housing market in Atlantic County To Dan Boddy, a veteran real estate agent based in Galloway Township, mortgage foreclosures aren’t just a key part of the Atlantic County housing market. … Continue reading

Posted in Foreclosures, New Jersey Real Estate, Shore Real Estate | 17 Comments

Sandy Who?

From the Washington Post: Four years after Sandy, the coastal real estate market is recovering Hurricane Sandy stretched from the central Appalachians well into New England when it came ashore nearly four years ago, tearing through thousands of homes and … Continue reading

Posted in Housing Recovery, Shore Real Estate | 103 Comments

Should we even bother saving AC?

From the APP: Icahn: Union got Taj Mahal workers to kill own jobs Billionaire investor Carl Icahn wrote a letter Thursday to the soon-to-be unemployed workers of the Trump Taj Mahal casino, accusing their union of inciting them to destroy … Continue reading

Posted in Shore Real Estate, Unrest | 43 Comments