Buying A Home On The Jersey Shore Within Reach Of More People

JERSEY SHORE, NJ (WCBS 880) — The dream of living at the Jersey shore could be a reality for more people after years of declining prices have made coastline properties more affordable.

Living near the ocean at the Jersey shore was out of reach for many families during the housing boom, but a new study from the University of Pennsylvania finds some of those properties are now in the reach of younger home buyers and more of the middle class.

WCBS 880’s Ginny Kosola reports: Younger Buyers Looking At Jersey Shore Homes

During the boom, coastline properties in New Jersey saw an even greater appreciation in price than other areas. As a result, some of those prices are now down anywhere from 15 to 40 percent. Buyers are scouring real estate websites to find the bargains.

Researchers say part of the reason these properties went on the market is that so many of these beach-area homes are second-homes, which owners are more likely to sell when times get tough.

Do you think the housing market is getting better? Sound off below in our comments section.

More from Ginny Kosola
  • M.A.D

    Affordable to whom??? We, the middle class and below, are poor. The cost of living is getting higher and our salaries remain the same or we have no jobs!!!

  • Mike

    Ah the shore….big hair, cologne, steroids.

  • blob97

    You can’t squeeze water from dried wood botti. You call it realtor greed but it also has a lot to do with seller being detached from reality and having a hard time coming to terms with the fact that their home isn’t worth as much as they thought it was.

    Don’t blame the realtor if you were dumb enough to buy a home during the bubble when prices were obviously unsustainable.

  • LB

    after what those losers did to the image of the place…who would WANT to live there?? Snooki coming to borrow a cup of sugar? No thanks

  • o.t.botti

    tHe Real estate Market in solid rresidential areas is being seriuosly impeded by “Realtor Greed”..When a seller engages a rrealtor and signs a contract for a mutually pre agreed sale price.[comensurate with area values] The real estate agent’s first order of business is not to concentrate ob=n selling your home at the pre agreed price….but rather they emphasize and concentrate their efforts on getting the seller to reduce their price….. No market can stabalize and move foward with this negative marketing strategy. Realtor Greed should be replaced with positive sales efforts

    • Roe, Agent

      Realtor Greed ???? If we were greedy, we would get MORE money for a higher priced home. It’s obvious that you don’t have a clue about this current market….

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