Category Archives: South Jersey Real Estate

The “fix” is easy

Posted on October 29, 2018 by grim

The fix is to allow lenders to foreclose without requiring approval of the judiciary, everything else is a gimmick and give-away, like this from NJ101.5: HOW CAN WE FIX SOUTH JERSEY’S TROUBLING FORECLOSURE MESS? A new report finds the foreclosure … Continue reading →

Posted in Economics, Foreclosures, South Jersey Real Estate | 64 Comments

AC back on track?

Posted on June 26, 2018 by grim

From the WSJ: Atlantic City Places a New Bet on an Old Favorite: Casinos Two years after plummeting gambling revenue nearly tipped this seaside resort into bankruptcy, two new casinos are opening on the boardwalk. The casinos, which have hired … Continue reading →

Posted in Economics, Shore Real Estate, South Jersey Real Estate | 92 Comments

Philly burbs on the verge of recovery?

Posted on August 7, 2017 by grim

From the Philly Inquirer: Suburbs boast best real estate market since recession, but don’t get too excited yet In a suburban real estate market described for years as sluggish, it might seem as if, finally, the region is experiencing the … Continue reading →

Posted in Housing Recovery, Philly, South Jersey Real Estate | 32 Comments

Hide the Zombies?

Posted on July 11, 2017 by grim

From the South Jersey Times: Don’t give N.J. zombie homes the upper hand Owing to its ongoing high rate of residential foreclosures, New Jersey has become known the Land of the Zombie Houses. If a just-filed lawsuit succeeds, the zombie … Continue reading →

Posted in Foreclosures, New Jersey Real Estate, South Jersey Real Estate | 80 Comments

Philly the reason for South Jersey’s slump?

Posted on May 29, 2017 by grim

From Philly.com: Despite vibrancy in Philly’s suburbs, home values still struggle If the massive cluster of new housing, shops, and restaurants rising in King of Prussia is any indication, the suburbs are as prosperous as ever. There, as elsewhere across … Continue reading →

Posted in Economics, Housing Recovery, South Jersey Real Estate | 9 Comments

Huh?

Posted on January 7, 2017 by grim

Oddest thing I’ve read in a long time, from StateTech (?): Atlantic City Aims to Revitalize by Attracting Tech Talent and Startups How do you redefine a city? It’s a daunting question, but one that Atlantic City, long viewed as … Continue reading →

Posted in Demographics, Economics, New Development, South Jersey Real Estate | 101 Comments

Again … foreclosure isn’t the problem, it’s the solution.

Posted on December 4, 2016 by grim

From the Philly Inquirer: The foreclosure nightmare continues in New Jersey The neighborhood’s zombie has, at long last, made it through foreclosure and is on the market. A quick tour of the house, which was vacant for nearly 30 months, … Continue reading →

Posted in Foreclosures, New Jersey Real Estate, South Jersey Real Estate | 18 Comments

An affordable place in NJ?

Posted on December 3, 2016 by grim

From the Press of Atlantic City: Lower cost of living may be driving population migration to Cumberland County Robert Bruni’s dream of buying a house and owning a burger joint or deli fell victim to what he said was the … Continue reading →

Posted in Demographics, Economics, South Jersey Real Estate | 47 Comments

Open your wallets, someone needs to bail out Atlantic City

Posted on November 11, 2016 by grim

From the Morning Call: Will demise of North Jersey casinos bring $100 million in new building at Bethlehem Sands? While the rest of the country was transfixed by the presidential race, Sands Casino Resort Bethlehem officials kept one eye on … Continue reading →

Posted in Politics, South Jersey Real Estate | 142 Comments

Looks like PA’s tax benefit is dead (good riddance)

Posted on September 12, 2016 by grim

From NJ Biz: Editorial: Christie makes right call to nix Pa. tax deal Gov. Chris Christie last week signaled he will end the income tax reciprocal agreement that New Jersey has shared with Pennsylvania for nearly 40 years. To quickly … Continue reading →

Posted in Politics, South Jersey Real Estate | 53 Comments

South Jersey recovery key for NJ

Posted on May 24, 2016 by grim

From the Press of Atlantic City: South Jersey real estate sales jumped last month, prices mixed Homes sold faster all over South Jersey last month, with the number of closed deals up sharply in most of the region from April … Continue reading →

Posted in Housing Recovery, South Jersey Real Estate | 51 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

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

Flipping Revel?

Posted on September 9, 2015 by grim

From the Star Ledger: Revel owner trying to flip closed casino to new buyer, power company says The power company engaged in a prolonged legal battle over energy costs at the former Revel casino claims in a recent court filing … Continue reading →

Posted in New Development, South Jersey Real Estate, Unrest | 143 Comments

Philly metro sees best spring market in years

Posted on August 23, 2015 by grim

From the Philly Inquirer: Region – especially Phila. – had a good spring for home sales Spring’s real estate market was the Philadelphia area’s best since the housing bubble burst in mid-2007, with significant increases in prices and sales volume … Continue reading →

Posted in Housing Recovery, South Jersey Real Estate | 10 Comments