Category Archives: Shore Real Estate

The other South Jersey market

Posted on February 21, 2017 by grim

From the Press of Atlantic City: South Jersey beach construction booming John Van Duyne heads into a house he recently finished building, a few doors off the beach in Ventnor. He points out the quartz shower seats and countertops in … Continue reading →

Posted in New Development, Shore Real Estate | 52 Comments

Think warm thoughts – shore rentals already up 33% YOY.

Posted on February 12, 2017 by grim

From the Philly Inquirer: The rush is already on for rentals at the Jersey Shore From the second-story deck of his aunt’s rental property near 20th and Central, real estate agent Bill Godfrey points out the ocean view a block … Continue reading →

Posted in Economics, New Jersey Real Estate, Shore Real Estate | 55 Comments

Regulations killing Atlantic City

Posted on February 5, 2017 by grim

From the Star Ledger: Casino bureaucracy Revels in red tape instead of fixing past mistakes in A.C.: Mulshine I was driving across the country a few years ago when I decided to get off the Interstate and try some local … Continue reading →

Posted in Politics, Shore Real Estate | 22 Comments

Foreclosure City

Posted on January 14, 2017 by grim

From the Press of Atlantic City: Foreclosures continue to plague housing market in Atlantic County To Dan Boddy, a veteran real estate agent based in Galloway Township, mortgage foreclosures aren’t just a key part of the Atlantic County housing market. … Continue reading →

Posted in Foreclosures, New Jersey Real Estate, Shore Real Estate | 17 Comments

Sandy Who?

Posted on August 11, 2016 by grim

From the Washington Post: Four years after Sandy, the coastal real estate market is recovering Hurricane Sandy stretched from the central Appalachians well into New England when it came ashore nearly four years ago, tearing through thousands of homes and … Continue reading →

Posted in Housing Recovery, Shore Real Estate | 104 Comments

Should we even bother saving AC?

Posted on August 5, 2016 by grim

From the APP: Icahn: Union got Taj Mahal workers to kill own jobs Billionaire investor Carl Icahn wrote a letter Thursday to the soon-to-be unemployed workers of the Trump Taj Mahal casino, accusing their union of inciting them to destroy … Continue reading →

Posted in Shore Real Estate, Unrest | 43 Comments

AC – Foreclosure Capital of the US

Posted on July 16, 2016 by grim

From Philly.com: New Jersey and Atlantic City area top U.S. foreclosures: report New Jersey and two of its distressed cities had the highest rates of U.S. foreclosure activity in the first half of 2016, according to RealtyTrac data released on … Continue reading →

Posted in Foreclosures, Shore Real Estate | 59 Comments

Has Asbury finally made it?

Posted on July 5, 2016 by grim

From the NYT: New Beach Destination on the Jersey Shore? Asbury Park For nearly a century, the Baronet Theater in Asbury Park, N.J., was a popular venue for vaudeville theater and blockbuster films. Then it, like the city that was … Continue reading →

Posted in Housing Recovery, Shore Real Estate | 94 Comments

Sandy wrecks go cheap

Posted on May 14, 2016 by grim

From the Record: Buyers line up for 400 homes wrecked by Superstorm Sandy Matt Price and his wife, Carla, are gambling that the devastation inflicted by Superstorm Sandy will be their key to the American dream of home ownership. The … Continue reading →

Posted in Housing Recovery, New Development, Shore Real Estate | 55 Comments

As go the rich?

Posted on April 23, 2016 by grim

From Vanity Fair: The Hamptons Housing Market Is Getting Clobbered by Wall Street Jitters IIt’s beginning to look a lot like springtime in the Hamptons. Frost has cleared from the dunes; landscape artists are tending to hedge-grow after the wilds … Continue reading →

Posted in Economics, NYC, Shore Real Estate | 61 Comments

South Jersey seeing no foreclosure recovery

Posted on April 21, 2016 by grim

From the Press of Atlantic City: South Jersey home sale prices hit by large distressed market South Jersey real estate continues to be hit hard by distressed properties, Atlantic County most of all. Lenders started foreclosure actions against 399 homeowners … Continue reading →

Posted in Foreclosures, Shore Real Estate, South Jersey Real Estate | 131 Comments

Swallowed by the sea

Posted on March 16, 2016 by grim

From the Star Ledger: Rising seas could drive 837K N.J. residents from their homes, study says Rising seas could force hundreds of thousands of New Jersey residents from their homes by the end of the century, a new report found. … Continue reading →

Posted in New Jersey Real Estate, Shore Real Estate | 74 Comments

This? Again? 4th time is a charm.

Posted on March 10, 2016 by grim

From the NY Post: Get your summer on in this new Jersey Shore condo On the hunt for a nifty summer pad? Perhaps head south — to the Jersey Shore, that is. Asbury Park — an edgy-cool seaside town about … Continue reading →

Posted in New Development, Shore Real Estate | 62 Comments

Can AC be saved?

Posted on February 12, 2016 by grim

From the Star Ledger: This N.J. area now ranks 5th in U.S. for vacant houses While the future of the ailing resort shore city rests in the hands of Trenton lawmakers, the local residential real estate is reeling. The Atlantic … Continue reading →

Posted in Demographics, Economics, Employment, Foreclosures, Housing Recovery, Shore Real Estate, South Jersey Real Estate | 104 Comments

We’re all Atlantic City now

Posted on January 12, 2016 by grim

From the Record: State officials working to take control of Atlantic City finances Amid the push to expand casino gambling throughout New Jersey, state officials are in fast-moving discussions to take over Atlantic City’s finances for 15 years. Sparking a … Continue reading →

Posted in New Development, Politics, Shore Real Estate | 124 Comments