They will return … to higher prices?
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...
View ArticleRise Up!
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...
View ArticleFire sale or the next boom?
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...
View ArticleSandy won’t be kind to the NJ housing market
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...
View ArticleNot rebuilding is not an option
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...
View ArticleBattle lines are drawn
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...
View ArticleJersey’s relief package up for debate
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...
View ArticleWho cares about the banks, buyers need to be cautious about potential flood...
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...
View ArticleSandy strikes again
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...
View ArticleSandy foreclosure moratorium extended 90 days
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...
View ArticleWarm up the bulldozers?
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...
View ArticleOpportunity of a lifetime – or not worth it at any cost?
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...
View ArticleLowball! Trump Edition
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,...
View ArticleJersey Comeback? Not in AC.
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...
View ArticleDeep pockets needed to cash in on Sandy deals
From the AP: Homebuyers Searching for Real Estate Deals in Hurricane Sandy Wreckage It sounds like the premise for a new reality TV series: “Hurricane House” — people scouring waterside communities...
View ArticleFirst round of Sandy aid approved
From the Star Ledger: Feds approve New Jersey’s plan to spend $1.8 billion in Sandy aid Marking six months since Hurricane Sandy’s landfall on the Jersey Shore, officials announced today that the...
View ArticleFEMA: Just Kidding!
From the Bridgeton News: Large areas of N.J. Shore to be removed from high-risk flood zone Declaring the controversial federal flood zone maps issued in the wake of Hurricane Sandy “fundamentally...
View ArticleSouthern Jersey Shore home prices begin to tick up
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...
View ArticleQuite possibly the best deal you’ll ever see on a shore house
From the NYT: For Rent: Fixer-Uppers in a National Park The National Park Service put out an unusual for-rent sign last month: 35 historic buildings, including the genteel quarters of lieutenants and...
View ArticleNot so easy to be a renter
From the APP: Demand for rentals pushing up cost, squeezing N.J. residents In the years since the Great Recession tumbled housing prices and eviscerated personal incomes, a growing number of Americans...
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