Christie announces $300M home buyout
Asbury Park Press
May 16, 2013

SAYREVILLE — Some 350 homeowners in the central New Jersey towns of Sayreville and South River whose properties have flooded repeatedly will be eligible to sell their homes in the first phase of a new federally funded buyback program, Gov. Chris Christie announced Thursday.

 

Sandy's effect on summer rental season appears to be limited
Press of Atlantic City
April 23, 2013

At least 2 feet of water made it into Annamarie Scarselletti’s condo unit in Margate during Hurricane Sandy. Scarselletti, however, is still counting on a tenant enjoying a classic summer at the shore in a totally refurbished unit.

 

N.J. 'Fake Farmers' bill signed into law, updating decades-old assessment act
NJ.com
April 22, 2013

A bill designed to update the state’s decades-old farmland assessment law and prevent “fake farmers” from taking advantage of farmland tax breaks was signed into law last week by Gov. Chris Christie.

 

Weekend's national open-house predicted to sell 10% of local inventory
Press of AC
April 21, 2013

There is plenty of action in the region this weekend for the 2013 Realtors Nationwide Open House.

Prospective buyers and people just interested in homes are getting to see a lot of housing inventory up close and in person, and real estate agents are making some sales and connecting with future clients.

 

Open House Weekend Showcases Ocean City Real Estate Inventory
OceanCity Patch
April 19, 2013

For the fourth year, Ocean City real estate agencies will be participating in a statewide Open House Weekend organized by the New Jersey Association of Realtors. The event is scheduled for Saturday and Sunday, April 20 and 21.

 

What's in store for vacationers at the Shore post-Sandy?
Asbury Park Press
April 2, 2013

CHERRY HILL — With 85 percent of those answering a recent poll vowing to return to the shore this summer post-Sandy, the question lingers: What will vacationers find during the upcoming summer season?

 

Obama administration pushes banks to make home loans to people with weaker credit

Washington Post

April 2, 2013

The Obama administration is engaged in a broad push to make more home loans available to people with weaker credit, an effort that officials say will help power the economic recovery but that skeptics say could open the door to the risky lending that caused the housing crash in the first place.

 

Sales of existing homes hit highest point since 2010

Bloomberg News

March 21, 2013

Sales of previously owned homes rose in February to the highest level in more than three years, sustaining a rebound that is bolstering growth.

 

Housing demand exceeds builders' ability to deliver

Philadelphia Inquirer
March 20, 2013

Current builder confidence in the market for new homes fell this month, according to a survey by the National Association of Home Builders, which said demand was not the problem.

 

Christie says federal housing aid for Sandy about a month away

Star-Ledger
March 18, 2013

SEASIDE HEIGHTS — New Jersey’s plan to spend $1.83 billion in federal housing funds for Hurricane Sandy recovery could be approved in three or four weeks and ready for distribution immediately after that, Gov. Chris Christie said today.

 

North Jersey real estate agents say bidding wars are back

The Record

March 17, 2013

If real estate agent Ghada Abbasi had put that Park Ridge home on the market, say, two years ago, she imagines she would have only gotten one offer and it would have been an anemic one at best.