Category Archives: South Jersey Real Estate

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

South Jersey Foreclosures

Posted on March 9, 2015 by grim

From the Press of Atlantic City: Sheriff’s sales struggle to unload foreclosed properties The amount of distressed real estate is expected to increase as unemployed workers who lost jobs in 2014 fall behind on mortgage payments — and as the … Continue reading →

Posted in Foreclosures, Shore Real Estate, South Jersey Real Estate | 89 Comments

The Other New Jersey

Posted on March 1, 2015 by grim

From the Press of Atlantic City: Still dropping: Home prices struggle to recover from recession Robert Szostak is worried about how cheaply he must price his four-bedroom home in Middle Township before it sells. A few prospective buyers toured the … Continue reading →

Posted in Demographics, Economics, Employment, Housing Recovery, South Jersey Real Estate | 42 Comments

Prices decline in South Jersey

Posted on November 9, 2014 by grim

From the Press of Atlantic City: Home-price reports show gains, declines in South Jersey Home prices continued to increase moderately nationwide in the third quarter, the National Association of Realtors said this week, but in the South Jersey shore region, … Continue reading →

Posted in Demographics, Economics, Employment, Housing Recovery, South Jersey Real Estate | 27 Comments

Time to leave South Jersey?

Posted on October 12, 2014 by grim

From the Press of Atlantic City: Atlantic County foreclosure rate second-highest in nation As Atlantic City’s decline drew national attention in August, the area rose to national prominence in another metric. One out of every 292 Atlantic County homes was … Continue reading →

Posted in Economics, Employment, Foreclosures, South Jersey Real Estate | 19 Comments

Funny way of defining “success”

Posted on September 29, 2014 by grim

From the South Jersey Times: Real estate markets aren’t known for consistency, but as South Jersey inches toward pre-recession normalcy, one old adage appears to remain true — it’s all about location. Specifically on the county level, data from recent … Continue reading →

Posted in Demographics, Employment, South Jersey Real Estate | 48 Comments

Where are all the NJ foreclosures?

Posted on September 12, 2014 by grim

From the Star Ledger: Foreclosures spiking in N.J., paced by Atlantic City Foreclosure activity in New Jersey jumped in August, a new report shows, leaving the state with one of the highest foreclosure rates nationwide. New Jersey has the nation’s … Continue reading →

Posted in Foreclosures, Housing Recovery, South Jersey Real Estate | 139 Comments

South Jersey Recovery Lagging

Posted on March 27, 2014 by grim

From the Press of Atlantic City: South Jersey still lags nation in real estate recovery South Jersey’s struggling real-estate market is lagging New Jersey’s construction recovery, an economist told the New Jersey Builders Association on Tuesday. New Jersey has seen … Continue reading →

Posted in Economics, Housing Recovery, South Jersey Real Estate | 76 Comments

Bailout unlikely for flood insurance program

Posted on November 30, 2013 by grim

From the Insurance Journal: Prospects Dim for Bills to Delay Flood Insurance Rate Hikes Efforts to delay implementation of changes in the federal flood insurance program have run into roadblocks on both sides of Capitol Hill. The leaders of the … Continue reading →

Posted in Economics, Politics, South Jersey Real Estate | 10 Comments

Southern Jersey Shore home prices begin to tick up

Posted on August 19, 2013 by grim

From the Press of Atlantic City: South Jersey Shore’s home prices finally on the rise The shore area of South Jersey finally may be joining the improving housing market elsewhere in the nation. The median existing single-family home in the … Continue reading →

Posted in Housing Recovery, Shore Real Estate, South Jersey Real Estate | 66 Comments

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

Sandy Recovery: Significant multiplier or short-term pop?

Posted on December 27, 2012 by grim

From Bloomberg: Sandy Recovery Spurs Hiring From Furniture to Plumbing The first customers Michael Guarino saw after superstorm Sandy asked to cancel orders for furniture no longer needed in their damaged homes, threatening the survival of a business his family … Continue reading →

Posted in Economics, New Development, New Jersey Real Estate, South Jersey Real Estate | 51 Comments

Inquirer takes a slam at South Jersey (for good reason)

Posted on October 22, 2012 by grim

From the Philly Inquirer: N.J.’s local tax bills keep spiraling upward Ted Marvel pays $4,900 in annual property taxes on his 1,000-square-foot home in the heart of Collingswood. In fact, his monthly tax bill – $407 – is starting to … Continue reading →

Posted in Comp Killer, Politics, Property Taxes, South Jersey Real Estate | 91 Comments