Category Archives: Shore Real Estate

Southern Jersey Shore home prices begin to tick up

Posted in Housing Recovery, Shore Real Estate, South Jersey Real Estate | 65 Comments

From the Press of Atlantic City: South Jersey Shore’s home prices finally on the rise The shore area of South Jersey finally may be joining the improving housing market elsewhere in the nation. The median existing single-family home in the … Continue reading

FEMA: Just Kidding!

Posted in Shore Real Estate | 61 Comments

From the Bridgeton News: Large areas of N.J. Shore to be removed from high-risk flood zone Declaring the controversial federal flood zone maps issued in the wake of Hurricane Sandy “fundamentally flawed,” U.S. Sen. Robert Menendez (D-N.J.) said today revised … Continue reading

First round of Sandy aid approved

Posted in Economics, New Jersey Real Estate, Politics, Shore Real Estate | 121 Comments

From the Star Ledger: Feds approve New Jersey’s plan to spend $1.8 billion in Sandy aid Marking six months since Hurricane Sandy’s landfall on the Jersey Shore, officials announced today that the federal government has signed off on more than … Continue reading

Deep pockets needed to cash in on Sandy deals

Posted in Housing Recovery, Shore Real Estate | 74 Comments

From the AP: Homebuyers Searching for Real Estate Deals in Hurricane Sandy Wreckage It sounds like the premise for a new reality TV series: “Hurricane House” — people scouring waterside communities looking to buy homes damaged by Hurricane Sandy at … Continue reading

Jersey Comeback? Not in AC.

Posted in Economics, Politics, Shore Real Estate, South Jersey Real Estate | 120 Comments

From Bloomberg: Christie-Backed Revel Atlantic City Plans Bankruptcy Revel AC Inc., the casino owner that New Jersey Governor Chris Christie bet on to revive Atlantic City, plans to file for a prepackaged bankruptcy that will reduce its debt burden by … Continue reading

Lowball! Trump Edition

Posted in Economics, Lowball, Shore Real Estate | 123 Comments

From the Star Ledger: ‘You’re acquired’: Atlantic City’s Trump Plaza fetches $20 million in bargain-basement deal Trump Plaza, the Boardwalk centerpiece of Donald Trump’s one-time Atlantic City empire, was sold Thursday to a California company for $20 million in the … Continue reading

Opportunity of a lifetime – or not worth it at any cost?

Posted in Economics, Housing Recovery, Shore Real Estate | 74 Comments

From the Star Ledger: Damage from Hurricane Sandy spurs some Jersey Shore homeowners to sell The piles of debris that towered in the front yards of flood-damaged homes are gone and the rumble of generators powering cold, damp homes has … Continue reading

Warm up the bulldozers?

Posted in Economics, New Jersey Real Estate, Politics, Shore Real Estate | 231 Comments

From the Star Ledger: Gov. Christie: New Jersey considering buying flood-prone neighborhoods Gov. Chris Christie said today he wants the state to use a portion of the federal Sandy aid money coming to New Jersey to buy up whole neighborhoods … Continue reading

Sandy foreclosure moratorium extended 90 days

Posted in Foreclosures, New Jersey Real Estate, Shore Real Estate | 98 Comments

From HousingWire: FHFA, HUD extend foreclosure relief for Sandy Victims Federal Housing Finance Agency Director Ed DeMarco and HUD Secretary Shaun Donovan said the federal housing agencies will extend foreclosure protections for homeowners displaced or negatively impacted by Hurricane Sandy. … Continue reading

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