Category Archives: Shore Real Estate

What me worry?

Posted on September 14, 2015 by grim

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 | 35 Comments

Canary?

Posted on July 24, 2015 by grim

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 | 93 Comments

Who can afford to live at the shore?

Posted on April 12, 2015 by grim

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

Posted on March 20, 2015 by grim

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

Posted on March 13, 2015 by grim

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 | 114 Comments

South Jersey Foreclosures

Posted on March 9, 2015 by grim

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 | 89 Comments

Stop Sandy Foreclosures?

Posted on February 17, 2015 by grim

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 | 152 Comments

CRDA Wins Eminent Domain Case

Posted on November 18, 2014 by grim

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

Posted on November 10, 2014 by grim

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

Posted on October 7, 2014 by grim

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 | 108 Comments

Safer to spend Labor Day in Detroit than at the Jersey Shore

Posted on August 30, 2014 by grim

From the Daily Record: Ocean County: The most dangerous place in America? Time magazine declared this week that Ocean County is the most dangerous place to live in the United States because of the potential for natural disasters. … The … Continue reading →

Posted in Shore Real Estate | 41 Comments

Brooklyn by the sea

Posted on August 10, 2014 by grim

From the Star Ledger: Progress in Asbury Park, developers shift focus from oceanfront to downtown About 10 years ago, waves of ritzy, new multifamily buildings along Asbury Park’s oceanfront were expected to breathe life into a city in need of … Continue reading →

Posted in New Development, Shore Real Estate | 68 Comments

The casinos formerly named Trump

Posted on August 6, 2014 by grim

From the APP: Trump sues to get name off casinos Donald Trump has a message for the two Atlantic City casinos that still bear his name, five years after he gave up anything to do with running them: You’re fired. … Continue reading →

Posted in Shore Real Estate | 161 Comments

Sandy changes the shore a second time

Posted on August 4, 2014 by grim

From the Record: As shore properties are sold after Sandy, beach towns change Superstorm Sandy sent 18 inches of water rushing in to Bob Zirkel’s Ortley Beach home, causing thousands of dollars in damage. But bad as the storm was … Continue reading →

Posted in Economics, Housing Recovery, New Development, Shore Real Estate | 86 Comments

Did Trump win it?

Posted on August 1, 2014 by grim

From the Star Ledger: Atlantic City home owned by Trump holdout sold at auction An Atlantic City-area real estate figure has bought at auction a property that earned its owner near-folk hero status for resisting decades of overtures from developers … Continue reading →

Posted in Lowball, Shore Real Estate | 78 Comments