Category Archives: Shore Real Estate

Sandy strikes again

Posted in Foreclosures, Shore Real Estate | 135 Comments

From Bloomberg: Mortgage Delinquencies Jump in Areas Hit Hard by Sandy Mortgage delinquencies have jumped about four times the U.S. average in areas of New York, New Jersey and Connecticut that were damaged by Hurricane Sandy, according to Lender Processing … Continue reading

Who cares about the banks, buyers need to be cautious about potential flood zone changes

Posted in New Jersey Real Estate, Shore Real Estate | 112 Comments

From the Record: Lenders gearing up to enforce changing flood insurance requirements With flood map revisions under way, many North Jersey homeowners in 2014 may be deemed by the government for the first time to be living in areas with … Continue reading

Jersey’s relief package up for debate

Posted in Economics, New Development, Politics, Shore Real Estate | 92 Comments

From the Record: Republicans cite “questionable” spending as Senate begins debate on $60B Sandy relief package The debate over a $60.4 billion federal Sandy relief package began in earnest on Monday with Senate Republican leaders arguing that the bill includes … Continue reading

Battle lines are drawn

Posted in New Development, New Jersey Real Estate, Shore Real Estate | 80 Comments

From the Star Ledger: Jersey Shore revolution begins, as FEMA releases new flood maps A revolution is likely coming to the New Jersey Shore, and the federal government just fired the first shot. The Federal Emergency Management Agency released advisory … Continue reading

Not rebuilding is not an option

Posted in Housing Recovery, New Development, Shore Real Estate | 129 Comments

From the Star Ledger: Building boom won’t help N.J. economy if Shore doesn’t bounce back, committee says New Jersey will experience a post-Sandy building boom, but it won’t help the overall state economy if the Shore doesn’t do well, an … Continue reading

Sandy won’t be kind to the NJ housing market

Posted in Economics, Housing Recovery, New Jersey Real Estate, Shore Real Estate | 205 Comments

From the WSJ: N.J. Home Deals in Gridlock Even before Sandy ripped through the Northeast coast last month, the region’s housing market had been among the weakest in the nation. Now, damage from the storm is raising new concerns in … Continue reading

Fire sale or the next boom?

Posted in Housing Recovery, Shore Real Estate | 71 Comments

From Reuters: After Sandy, some dump homes, while others hunt for bargains “Reduced for Quick Sale!” reads Mike Montalbano’s Craigslist ad for the three-bedroom home he needs to sell before he can relocate for a new job. The drywall is … Continue reading

Rise Up!

Posted in Shore Real Estate | 87 Comments

From the WSJ: Shore’s Toll ‘Worse Than We Thought’ . Nearly three weeks after Sandy came ashore on the New Jersey coast, some of the beach towns that made this area famous remain largely empty and dark, shells of their … Continue reading

They will return … to higher prices?

Posted in Economics, Housing Recovery, Shore Real Estate | 139 Comments

From Bloomberg: Jersey Shore’s Lure to Homebuyers Seen Surviving Hurricane Sandy Danea Kelly made her first shopping trip for a New Jersey shore vacation home on the Saturday before Hurricane Sandy made landfall. It won’t be her last. While Kelly, … Continue reading

Living at the shore to get even more expensive

Posted in Economics, New Jersey Real Estate, Shore Real Estate | 161 Comments

From the APP: Costly aftermath? Another battering for homeowners New Jersey is not Florida North quite yet. But the widespread wreckage left by Sandy, the nor’easter-tropical storm hybrid that mercilessly barreled into the East Coast last week, brings to mind … Continue reading

Sunny at the Shore?

Posted in Housing Recovery, Shore Real Estate | 117 Comments

From the APP: Bidding wars, rebounding prices signal the Jersey Shore real estate market is coming back Shortly after it came on the market, Michelle M. Johnson and her husband rushed to put in a bid on an old, three-bedroom … Continue reading

The water is nice, but don’t turn your back on the waves

Posted in Economics, Housing Recovery, Shore Real Estate | 29 Comments

From the NYT: Partly Sunny at the Shore JOEL NAROFF, an economist who last year won a prize from the National Association for Business Economics as the country’s most accurate forecaster, found his prediction skills wanting four years ago when … Continue reading

No big price drops at the shore?

Posted in Shore Real Estate, South Jersey Real Estate | 118 Comments

From the Philly Inquirer: At the Shore, many homes retained value after a wild ride If you have the money – and that means cash – you can buy your dream house at the Jersey Shore. If you don’t, as … Continue reading

Take Three! (or is it Four?)

Posted in Housing Recovery, Shore Real Estate | 96 Comments

From the Asbury Park Press: Developer buys Asbury beachfront site Asbury Partners, the city’s waterfront developer, has bought the unfinished Esperanza high-rise site from Capital One Bank, which had foreclosed on the project, a company official said Friday. The beachfront … Continue reading

Don, that is some expensive water.

Posted in Housing Bubble, Shore Real Estate | 173 Comments

From ABC 6 News: Jersey Shore home prices down, big bargains for buyers Home prices continue to fall across the U.S. Sellers are taking a hit, but for buyers there are big bargains. It is not as bleak as some … Continue reading