Category Archives: South Jersey Real Estate

South Jersey Foreclosures

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 | 87 Comments

The Other New Jersey

From the Press of Atlantic City: Still dropping: Home prices struggle to recover from recession Robert Szostak is worried about how cheaply he must price his four-bedroom home in Middle Township before it sells. A few prospective buyers toured the … Continue reading

Posted in Demographics, Economics, Employment, Housing Recovery, South Jersey Real Estate | 42 Comments

Prices decline in South Jersey

From the Press of Atlantic City: Home-price reports show gains, declines in South Jersey Home prices continued to increase moderately nationwide in the third quarter, the National Association of Realtors said this week, but in the South Jersey shore region, … Continue reading

Posted in Demographics, Economics, Employment, Housing Recovery, South Jersey Real Estate | 27 Comments

Time to leave South Jersey?

From the Press of Atlantic City: Atlantic County foreclosure rate second-highest in nation As Atlantic City’s decline drew national attention in August, the area rose to national prominence in another metric. One out of every 292 Atlantic County homes was … Continue reading

Posted in Economics, Employment, Foreclosures, South Jersey Real Estate | 19 Comments

Funny way of defining “success”

From the South Jersey Times: Real estate markets aren’t known for consistency, but as South Jersey inches toward pre-recession normalcy, one old adage appears to remain true — it’s all about location. Specifically on the county level, data from recent … Continue reading

Posted in Demographics, Employment, South Jersey Real Estate | 48 Comments

Where are all the NJ foreclosures?

From the Star Ledger: Foreclosures spiking in N.J., paced by Atlantic City Foreclosure activity in New Jersey jumped in August, a new report shows, leaving the state with one of the highest foreclosure rates nationwide. New Jersey has the nation’s … Continue reading

Posted in Foreclosures, Housing Recovery, South Jersey Real Estate | 138 Comments

South Jersey Recovery Lagging

From the Press of Atlantic City: South Jersey still lags nation in real estate recovery South Jersey’s struggling real-estate market is lagging New Jersey’s construction recovery, an economist told the New Jersey Builders Association on Tuesday. New Jersey has seen … Continue reading

Posted in Economics, Housing Recovery, South Jersey Real Estate | 74 Comments

Bailout unlikely for flood insurance program

From the Insurance Journal: Prospects Dim for Bills to Delay Flood Insurance Rate Hikes Efforts to delay implementation of changes in the federal flood insurance program have run into roadblocks on both sides of Capitol Hill. The leaders of the … Continue reading

Posted in Economics, Politics, South Jersey Real Estate | 10 Comments

Southern Jersey Shore home prices begin to tick up

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 | 65 Comments

Jersey Comeback? Not in AC.

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

Sandy Recovery: Significant multiplier or short-term pop?

From Bloomberg: Sandy Recovery Spurs Hiring From Furniture to Plumbing The first customers Michael Guarino saw after superstorm Sandy asked to cancel orders for furniture no longer needed in their damaged homes, threatening the survival of a business his family … Continue reading

Posted in Economics, New Development, New Jersey Real Estate, South Jersey Real Estate | 51 Comments

Inquirer takes a slam at South Jersey (for good reason)

From the Philly Inquirer: N.J.’s local tax bills keep spiraling upward Ted Marvel pays $4,900 in annual property taxes on his 1,000-square-foot home in the heart of Collingswood. In fact, his monthly tax bill – $407 – is starting to … Continue reading

Posted in Comp Killer, Politics, Property Taxes, South Jersey Real Estate | 91 Comments

Just a little bump in taxes

From the Philly Inquirer: In Burlington County, a 458 percent tax hike with Christie’s blessing When two New Jersey towns asked voters to approve a property-tax hike last month, Gov. Christie scorned them. The state’s other 564 municipalities didn’t seek … Continue reading

Posted in Property Taxes, South Jersey Real Estate | 149 Comments

Location, location, location, or something else?

From the Record: Location still holds key to value The decline in housing values has not fallen equally on all towns. A Record analysis of home prices in the first half of 2011 (the latest available in public records) found … Continue reading

Posted in Economics, North Jersey Real Estate, South Jersey Real Estate | 224 Comments

No big price drops at the shore?

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

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