Category Archives: Shore Real Estate

Do mortgage rates even matter anymore?

Posted on October 2, 2023 by grim

From the APP: Mortgage rates double. Here is why that hasn’t killed Jersey Shore home bidding wars With mortgage rates rising to 22-year highs, the prospects for the sale of the house at 321 14th Ave. in Belmar could have … Continue reading →

Posted in Demographics, Economics, Housing Bubble, Mortgages, New Jersey Real Estate, Shore Real Estate | 44 Comments

Falling out of love with the shore

Posted on September 4, 2023 by grim

From the Star Ledger: Here’s how the Jersey Shore rental market was this summer and a reminder that it’s not over yet For the first time in a few years, you might’ve gotten a deal or picked up a prime … Continue reading →

Posted in Economics, New Jersey Real Estate, Price Reduced, Shore Real Estate | 26 Comments

Peak Shore?

Posted on August 13, 2023 by grim

From the Philly Inquirer: Did Shore house owners push their luck with high rents? Prices are dropping and weeks are open. Last summer, her Shore house in Avalon fully booked, Katie Leighton took the family on a vacation to Europe. … Continue reading →

Posted in New Jersey Real Estate, Shore Real Estate, Unrest | 23 Comments

It’s a bargain, darling.

Posted on June 5, 2023 by grim

From the NY Post: Beach bargains: Hamptons luxury home prices are dropping After numerous record-breaking, pandemic-fueled, $100-million-plus mega-mansion sales, the hyped up Hamptons may have finally hit a wall.  The number of East End home sales fell to their lowest … Continue reading →

Posted in Economics, NYC, Price Reduced, Shore Real Estate | 56 Comments

Snooki the mogul

Posted on May 1, 2023 by grim

From 94.3: ‘Snooki’ Strikes Gold with Stunning Secret New Jersey Waterfront Flip Did you know that Nicole ‘Snooki’ Polizzi had a waterfront vacation home in Brick? Most of us knew about the home the couple purchased in Toms River (tour … Continue reading →

Posted in New Jersey Real Estate, Shore Real Estate | 37 Comments

How did this survive?

Posted on April 29, 2022 by grim

From NJ1015: This Historic New Jersey Beach Mansion Has the Best View on the East Coast

Posted in Shore Real Estate | 149 Comments

Tax the shore

Posted on May 28, 2019 by grim

From WHYY: N.J. may roll back tax on Shore rentals, but details remain fuzzy New Jersey lawmakers are moving to exempt many Shore-goers from an unpopular new tax on home rentals, but it’s still unclear when the change would take … Continue reading →

Posted in Property Taxes, Shore Real Estate, Unrest | 56 Comments

Has Asbury made it?

Posted on May 21, 2019 by grim

From the NYT: Asbury Park, N.J.: A Seaside Community Reborn Carolyn Curtin moved to Asbury Park in 2002 and fell in love with a late Victorian house with a falling-down porch and heaven knows what other problems. She knew nothing … Continue reading →

Posted in Economics, Housing Recovery, New Development, Shore Real Estate | 156 Comments

Shore Uprising

Posted on March 12, 2019 by grim

From the NYT: ‘Airbnb Tax’ in N.J. Opens New Front in Battle Over Internet Economy The Jersey Shore, a storied summer vacation spot, has become the newest national battleground over regulating and taxing the internet economy. New Jersey is one … Continue reading →

Posted in Demographics, Economics, Politics, Shore Real Estate | 78 Comments

Another hit to the shore

Posted on February 3, 2019 by grim

From Shorebeat: Legislators: N.J. Minimum Wage Hike A ‘Death Sentence’ for Jersey Shore Economy Shore area businesses will be forced to either raise prices, cut workers or close down entirely in the wake of the state’s proposed law that gradually increases … Continue reading →

Posted in Economics, Employment, Shore Real Estate | 84 Comments

Shore only for the rich

Posted on January 21, 2019 by grim

From the Star Ledger: New rental tax worries some shore renters, homeowners A new tax in New Jersey on short-term lodging such as Airbnb rentals is rattling some property owners and renters who worry that it could deal a blow … Continue reading →

Posted in Politics, Property Taxes, Shore Real Estate, Unrest | 29 Comments

How to get rich quick? Have a legislator carve you out a loophole.

Posted on November 19, 2018 by grim

From the Press of Atlantic City: NJ’s leveling of room tax playing field also dug a loophole We’ve long felt it was unfair and detrimental to the hospitality industry for New Jersey to pile room taxes and fees on hotels … Continue reading →

Posted in New Jersey Real Estate, Shore Real Estate | 44 Comments

Rent a shore house, pay a new tax, unless you use a realtor

Posted on October 4, 2018 by grim

One of the most disgusting pieces of protectionist legislation I’ve ever seen. From the APP: NJ Airbnb users now must pay tax, unless they use a real estate agent Visitors to the Shore who want to avoid paying a new … Continue reading →

Posted in New Jersey Real Estate, Shore Real Estate, Unrest | 38 Comments

The tax on shore rentals nobody knew about

Posted on September 18, 2018 by grim

From the Star Ledger: Summer-rental bill turns homeowners into tax collectors Former state Sen. Ray Lesniak recalls that when he was a kid his family would head down to Wildwood every summer looking for a vacation rental. “We’d just knock … Continue reading →

Posted in Politics, Property Taxes, Shore Real Estate | 67 Comments

What’s going on in Brick?

Posted on July 11, 2018 by grim

From the Shorebeat blog: Brick Has a Major Foreclosure Problem on Its Hands Brick Township’s foreclosure rate is nearly double the state average and five times as high as the national average, leading Brick officials to contract with a firm … Continue reading →

Posted in Foreclosures, New Jersey Real Estate, Shore Real Estate | 78 Comments