Category Archives: Shore Real Estate

You’ve got the shore, and you’ve got everything else

Posted on July 29, 2014 by grim

From the Press of Atlantic City: 2014 mixed bag so far for South Jersey real estate Some South Jersey real estate markets are dealing with plenty of distressed properties that affect sale prices. Others have been selling expensive vacation homes. … Continue reading →

Posted in Housing Recovery, New Jersey Real Estate, Shore Real Estate | 93 Comments

Flipping? What year is it?

Posted on June 24, 2014 by grim

From the Press of Atlantic City: Home flipping gains momentum in South Jersey as foreclosures soar The business of buying and selling houses for quick profit is in decline nationally, but a second wave of foreclosures in New Jersey has … Continue reading →

Posted in Economics, Housing Recovery, Shore Real Estate | 81 Comments

Jersey Shore – GTL? Nah. TBTF.

Posted on April 5, 2014 by grim

From the NYT: Back to the Jersey Shore With beaches replenished, boardwalks rebuilt and stores reopened, the Jersey Shore is gearing up for a summer busy enough to make last year’s anemic one a distant memory. As renters rush to … Continue reading →

Posted in Housing Recovery, New Development, Shore Real Estate | 72 Comments

Flood insurance just got cheaper … for now

Posted on March 22, 2014 by grim

From the Star Ledger: President signs bill approving flood insurance rollbacks President Obama signed legislation today, fast tracked by Congress last week, that rolls back scheduled increases in federal flood insurance. The new law caps annual rate increases and repeals … Continue reading →

Posted in Economics, Housing Recovery, New Jersey Real Estate, Shore Real Estate | 64 Comments

Rent your shore house yet? If not, too late.

Posted on March 10, 2014 by grim

From the Star Ledger: Jersey Shore rental homes going fast despite harsh New Jersey winter With such a bitter winter, vacationers are ahead of the game and already booking their rental houses down at the shore. From Sea Isle City … Continue reading →

Posted in Economics, New Jersey Real Estate, Shore Real Estate | 64 Comments

Not so easy to be a renter

Posted on January 6, 2014 by grim

From the APP: Demand for rentals pushing up cost, squeezing N.J. residents In the years since the Great Recession tumbled housing prices and eviscerated personal incomes, a growing number of Americans have given up their homes and turned to renting. … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate, Shore Real Estate | 94 Comments

Quite possibly the best deal you’ll ever see on a shore house

Posted on November 10, 2013 by grim

From the NYT: For Rent: Fixer-Uppers in a National Park The National Park Service put out an unusual for-rent sign last month: 35 historic buildings, including the genteel quarters of lieutenants and captains, at a wind-swept former Army base overlooking … Continue reading →

Posted in New Development, Shore Real Estate | 15 Comments

Southern Jersey Shore home prices begin to tick up

Posted on August 19, 2013 by grim

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 →

Posted in Housing Recovery, Shore Real Estate, South Jersey Real Estate | 66 Comments

FEMA: Just Kidding!

Posted on June 14, 2013 by grim

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 →

Posted in Shore Real Estate | 61 Comments

First round of Sandy aid approved

Posted on April 30, 2013 by grim

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 →

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

Deep pockets needed to cash in on Sandy deals

Posted on March 11, 2013 by grim

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 →

Posted in Housing Recovery, Shore Real Estate | 74 Comments

Jersey Comeback? Not in AC.

Posted on February 20, 2013 by grim

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 →

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

Lowball! Trump Edition

Posted on February 15, 2013 by grim

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 →

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

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

Posted on February 11, 2013 by grim

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 →

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

Warm up the bulldozers?

Posted on February 8, 2013 by grim

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 →

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