Category Archives: Shore Real Estate

“It’s a very sad time for everybody.”

From the Asbury Park Press: The Shore’s economy is expected to slump in 2009 The Shore’s economy is expected to tumble again in 2009 as consumers, worried about falling home prices, reeling from investment losses and bracing for possible layoffs, … Continue reading

Posted in Economics, Housing Bubble, Shore Real Estate | 297 Comments

NJ home prices rise and fall

From the Asbury Park Press: Sale prices of homes stabilizing at Shore Home prices in the area that includes Monmouth and Ocean counties were essentially flat in the first quarter of 2008, declining by 0.6 percent from the same period … Continue reading

Posted in New Jersey Real Estate, Shore Real Estate | 10 Comments

Credible threat or environmental fear mongering?

From the Asbury Park Press: Sea-level rise threatens bay shores, wetlands A rising sea level. Greater coastal flooding. Threats to wetlands. New Jersey’s future will include these and other key issues, according to experts interviewed before and after a new … Continue reading

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Jump in NJ shore rentals

From the Press of Atlantic City: Shore rentals heat up as home sales cool off Fewer people may be buying a piece of the shore, but more are renting part of it. Real estate businesses are reporting a surge in … Continue reading

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Merge Rumson and Seabright?

From the Hub: A tale of two towns BY SUE MORGAN Though he is not Charles Dickens, borough resident Andrew Mencinsky has authored a proposal to merge his hometown and its neighbor across the river. To Mencinsky, the result could … Continue reading

Posted in Politics, Shore Real Estate | 30 Comments

Changing Wildwood

From the Press of Atlantic City: Wildwood developers look to sky By MICHAEL MILLER Lately, when developers size up land for new construction in the city, they risk getting cricks in their necks. That’s because the most ambitious new projects … Continue reading

Posted in New Development, Shore Real Estate | 18 Comments

Shore market not immune to slowdown

From the Asbury Park Press: A SLOWDOWN BY THE SEA? BY DAVID P. WILLIS A boom in townhouse and condominium construction has been a vital part of oceanfront redevelopment in the city, but the market here is not immune from … Continue reading

Posted in Housing Bubble, Shore Real Estate | 38 Comments

What happened to Pennsauken Park?

From the Courier Post Online: Deadline passes for Mart deal The Camden County Improvement Authority has been unable to seal a redevelopment deal with a national developer for 10 months to transform the nearly vacant Pennsauken Mart site into a … Continue reading

Posted in Shore Real Estate | 3 Comments

Auction interest rising

From the Press of Atlantic City: Going, going, gone ? Is the real estate boom By RICHARD DEGENER Buyers have been scarce lately as the once-booming shore real estate market has cooled, so sellers are resorting to some interesting tactics. … Continue reading

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Fort Monmouth Worries

From the Asbury Park Press: Fort’s impending closure spurs worries By Joseph Sapia It is not expected to close for another five years, but filling the void that will be when Fort Monmouth closes was on people’s minds at an … Continue reading

Posted in Economics, Shore Real Estate | 60 Comments