Category Archives: Shore Real Estate

We’re all Atlantic City now

From the Record: State officials working to take control of Atlantic City finances Amid the push to expand casino gambling throughout New Jersey, state officials are in fast-moving discussions to take over Atlantic City’s finances for 15 years. Sparking a … Continue reading

Posted in New Development, Politics, Shore Real Estate | 124 Comments

Atlantic City in the Top 10 … worst performing markets

From HousingWire: These are the top and bottom 10 housing markets right now As the year comes to a close, Pro Teck Valuation Services’ latest home value forecast of the top 10 best and 10 worst performing metros ended the … Continue reading

Posted in Demographics, Economics, Employment, Housing Recovery, Shore Real Estate | 37 Comments

Not the lenders responsibility, except in NJ…

Again, NJ legislators lack awareness of their own unintended consequences. From the Star Ledger: 3-year foreclosure ban for Sandy victims headed to Christie’s desk A bill aimed at keeping thousands of Hurricane Sandy victims from entering into foreclosure for three … Continue reading

Posted in Foreclosures, Mortgages, Politics, Shore Real Estate | 78 Comments

Bye Bye Bungalow

From the Record: Three years later, shore’s housing market feels effects of Sandy Maureen and Bill Craft put “backbreaking” work and thousands of dollars into fixing their Little Egg Harbor Shore home after it was flooded during Superstorm Sandy, but … Continue reading

Posted in New Development, Shore Real Estate | 107 Comments

No Quick Recovery for Jersey

From the APP: Jersey Shore home prices: Rising, but how far? Looking to buy or sell a home? Nearly 10 years after the market in Monmouth and Ocean counties hit its peak, residential real estate has shown encouraging signs of … Continue reading

Posted in Housing Recovery, New Jersey Real Estate, Shore Real Estate | 62 Comments

What me worry?

From Real Estate Weekly: Threat of natural disaster does little to dampen home prices Do the high real estate prices in New York and New Jersey equal high danger? The area has certainly seen its share of intense weather in … Continue reading

Posted in New Jersey Real Estate, NYC, Shore Real Estate | 33 Comments

Canary?

From Bloomberg: Hamptons Home Prices Fall as More Sellers List Properties The real estate market in New York’s Hamptons has cooled from a frenzied pace, with the median sale price in the beachfront towns falling to the lowest in a … Continue reading

Posted in Housing Bubble, Housing Recovery, Shore Real Estate | 88 Comments

Who can afford to live at the shore?

From the Press of Atlantic City: Jersey Shore real estate becomes less attainable for young, working families When Daniel and Dana Smith bought their Ventnor Heights home in 2009, it was “a little rough around the edges.” There was an … Continue reading

Posted in Demographics, Economics, Housing Recovery, Shore Real Estate | 3 Comments

You know it’s bad when Detroit replaces Atlantic City in Monopoly

Perhaps we should accept AC sliding further into the pit of irrelevance. Are those bulldozers I hear in the background? Sad reflection on the Atlantic City leadership and the State of NJ. Shame shame. From the APP: Atlantic City rejected … Continue reading

Posted in Shore Real Estate | 83 Comments

Strong shore season in store for 2015

From the Press of Atlantic City: Beach rentals enjoying stronger season than 2014 It may seem a bit too early to worry about your plans for July and August, but it may be too late already to rent some local … Continue reading

Posted in Economics, Housing Recovery, Shore Real Estate | 113 Comments

South Jersey Foreclosures

From the Press of Atlantic City: Sheriff’s sales struggle to unload foreclosed properties The amount of distressed real estate is expected to increase as unemployed workers who lost jobs in 2014 fall behind on mortgage payments — and as the … Continue reading

Posted in Foreclosures, Shore Real Estate, South Jersey Real Estate | 87 Comments

Stop Sandy Foreclosures?

From the APP: EDITORIAL: Stop rising tide of foreclosures in N.J. Superstorm Sandy is still wreaking havoc in New Jersey nearly 21/2years after it moved away from the Jersey Shore. And the bureaucracy in New Jersey has made things worse. … Continue reading

Posted in Foreclosures, Housing Recovery, Politics, Shore Real Estate | 150 Comments

CRDA Wins Eminent Domain Case

From the APP: Judge: New Jersey can take piano tuner’s home An Atlantic City piano tuner cannot stop the Casino Reinvestment Development Authority from taking his family home, a state judge ruled Monday. Superior Court Judge Julio Mendez, who heard … Continue reading

Posted in Politics, Shore Real Estate | 83 Comments

The meek may inherit the Earth, but the rich will buy the beach

From Bloomberg: Springsteen Girls Priced Out as Rich Buy N.J. Shore Homes When Hurricane Sandy roared through New Jersey two years ago, it not only tore up the shoreline. It also pushed out much of the middle class. From Ocean … Continue reading

Posted in Demographics, Economics, Employment, Shore Real Estate | 106 Comments

Roll the dice

From the APP: What superstorm? New homes on fast track on LBI It’s looking like the good ol’ days on Long Beach Island, before there was a Great Recession and such a thing as a superstorm. Nearly two years ago … Continue reading

Posted in Housing Recovery, Shore Real Estate | 107 Comments