Category Archives: Shore Real Estate

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

South Jersey seeing no foreclosure recovery

From the Press of Atlantic City: South Jersey home sale prices hit by large distressed market South Jersey real estate continues to be hit hard by distressed properties, Atlantic County most of all. Lenders started foreclosure actions against 399 homeowners … Continue reading

Posted in Foreclosures, Shore Real Estate, South Jersey Real Estate | 129 Comments

Swallowed by the sea

From the Star Ledger: Rising seas could drive 837K N.J. residents from their homes, study says Rising seas could force hundreds of thousands of New Jersey residents from their homes by the end of the century, a new report found. … Continue reading

Posted in New Jersey Real Estate, Shore Real Estate | 74 Comments

This? Again? 4th time is a charm.

From the NY Post: Get your summer on in this new Jersey Shore condo On the hunt for a nifty summer pad? Perhaps head south — to the Jersey Shore, that is. Asbury Park — an edgy-cool seaside town about … Continue reading

Posted in New Development, Shore Real Estate | 60 Comments

Can AC be saved?

From the Star Ledger: This N.J. area now ranks 5th in U.S. for vacant houses While the future of the ailing resort shore city rests in the hands of Trenton lawmakers, the local residential real estate is reeling. The Atlantic … Continue reading

Posted in Demographics, Economics, Employment, Foreclosures, Housing Recovery, Shore Real Estate, South Jersey Real Estate | 102 Comments

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