Category Archives: Shore Real Estate

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

AC – Foreclosure Capital of the US

From Philly.com: New Jersey and Atlantic City area top U.S. foreclosures: report New Jersey and two of its distressed cities had the highest rates of U.S. foreclosure activity in the first half of 2016, according to RealtyTrac data released on … Continue reading

Posted in Foreclosures, Shore Real Estate | 59 Comments

Has Asbury finally made it?

From the NYT: New Beach Destination on the Jersey Shore? Asbury Park For nearly a century, the Baronet Theater in Asbury Park, N.J., was a popular venue for vaudeville theater and blockbuster films. Then it, like the city that was … Continue reading

Posted in Housing Recovery, Shore Real Estate | 94 Comments

Sandy wrecks go cheap

From the Record: Buyers line up for 400 homes wrecked by Superstorm Sandy Matt Price and his wife, Carla, are gambling that the devastation inflicted by Superstorm Sandy will be their key to the American dream of home ownership. The … Continue reading

Posted in Housing Recovery, New Development, Shore Real Estate | 53 Comments

As go the rich?

From Vanity Fair: The Hamptons Housing Market Is Getting Clobbered by Wall Street Jitters IIt’s beginning to look a lot like springtime in the Hamptons. Frost has cleared from the dunes; landscape artists are tending to hedge-grow after the wilds … Continue reading

Posted in Economics, NYC, Shore Real Estate | 61 Comments