Category Archives: Shore Real Estate

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

Sandy foreclosure moratorium extended 90 days

Posted on February 1, 2013 by grim

From HousingWire: FHFA, HUD extend foreclosure relief for Sandy Victims Federal Housing Finance Agency Director Ed DeMarco and HUD Secretary Shaun Donovan said the federal housing agencies will extend foreclosure protections for homeowners displaced or negatively impacted by Hurricane Sandy. … Continue reading →

Posted in Foreclosures, New Jersey Real Estate, Shore Real Estate | 98 Comments

Sandy strikes again

Posted on January 15, 2013 by grim

From Bloomberg: Mortgage Delinquencies Jump in Areas Hit Hard by Sandy Mortgage delinquencies have jumped about four times the U.S. average in areas of New York, New Jersey and Connecticut that were damaged by Hurricane Sandy, according to Lender Processing … Continue reading →

Posted in Foreclosures, Shore Real Estate | 135 Comments

Who cares about the banks, buyers need to be cautious about potential flood zone changes

Posted on December 19, 2012 by grim

From the Record: Lenders gearing up to enforce changing flood insurance requirements With flood map revisions under way, many North Jersey homeowners in 2014 may be deemed by the government for the first time to be living in areas with … Continue reading →

Posted in New Jersey Real Estate, Shore Real Estate | 112 Comments

Jersey’s relief package up for debate

Posted on December 18, 2012 by grim

From the Record: Republicans cite “questionable” spending as Senate begins debate on $60B Sandy relief package The debate over a $60.4 billion federal Sandy relief package began in earnest on Monday with Senate Republican leaders arguing that the bill includes … Continue reading →

Posted in Economics, New Development, Politics, Shore Real Estate | 92 Comments

Battle lines are drawn

Posted on December 16, 2012 by grim

From the Star Ledger: Jersey Shore revolution begins, as FEMA releases new flood maps A revolution is likely coming to the New Jersey Shore, and the federal government just fired the first shot. The Federal Emergency Management Agency released advisory … Continue reading →

Posted in New Development, New Jersey Real Estate, Shore Real Estate | 80 Comments

Not rebuilding is not an option

Posted on December 14, 2012 by grim

From the Star Ledger: Building boom won’t help N.J. economy if Shore doesn’t bounce back, committee says New Jersey will experience a post-Sandy building boom, but it won’t help the overall state economy if the Shore doesn’t do well, an … Continue reading →

Posted in Housing Recovery, New Development, Shore Real Estate | 129 Comments

Sandy won’t be kind to the NJ housing market

Posted on November 29, 2012 by grim

From the WSJ: N.J. Home Deals in Gridlock Even before Sandy ripped through the Northeast coast last month, the region’s housing market had been among the weakest in the nation. Now, damage from the storm is raising new concerns in … Continue reading →

Posted in Economics, Housing Recovery, New Jersey Real Estate, Shore Real Estate | 205 Comments

Fire sale or the next boom?

Posted on November 21, 2012 by grim

From Reuters: After Sandy, some dump homes, while others hunt for bargains “Reduced for Quick Sale!” reads Mike Montalbano’s Craigslist ad for the three-bedroom home he needs to sell before he can relocate for a new job. The drywall is … Continue reading →

Posted in Housing Recovery, Shore Real Estate | 71 Comments

Rise Up!

Posted on November 20, 2012 by grim

From the WSJ: Shore’s Toll ‘Worse Than We Thought’ . Nearly three weeks after Sandy came ashore on the New Jersey coast, some of the beach towns that made this area famous remain largely empty and dark, shells of their … Continue reading →

Posted in Shore Real Estate | 87 Comments

They will return … to higher prices?

Posted on November 12, 2012 by grim

From Bloomberg: Jersey Shore’s Lure to Homebuyers Seen Surviving Hurricane Sandy Danea Kelly made her first shopping trip for a New Jersey shore vacation home on the Saturday before Hurricane Sandy made landfall. It won’t be her last. While Kelly, … Continue reading →

Posted in Economics, Housing Recovery, Shore Real Estate | 139 Comments

Living at the shore to get even more expensive

Posted on November 5, 2012 by grim

From the APP: Costly aftermath? Another battering for homeowners New Jersey is not Florida North quite yet. But the widespread wreckage left by Sandy, the nor’easter-tropical storm hybrid that mercilessly barreled into the East Coast last week, brings to mind … Continue reading →

Posted in Economics, New Jersey Real Estate, Shore Real Estate | 161 Comments