economy

Rising Home Insurance Costs in South Jersey: What Buyers Need to Budget For Buying a home ranks among your biggest life investments. Homeowner's insurance serves as the protection for that investment. It's your financial safety net. NerdWallet breaks it down: Covers Repairs and Rebuilding Costs: When storms, fires, or other covered events damage your home, insurance helps pay for repairs or even...

Why So Many South Jersey Homeowners Are Downsizing Right Now For many homeowners in our region, retirement isn’t just a distant dream. It’s getting very real, very fast. According to Realtor.com and the Census, almost 12,000 Americans will turn 65 every day over the next two years. Recent data shows about 15% of these older adults plan to retire in 2026. Another 23% will follow suit in...

Check Twice Before Skipping That South Jersey Home That's Been Sitting on the MarketWhen you spot a home that's been sitting on the market for weeks in South Jersey, your first thought is probably skeptical. You might wonder:What's wrong with it?Why hasn't someone snatched it up?Is there a hidden problem I'm not seeing?This mindset made perfect sense a few years back. But in today's Gloucester County...

Why Rising Foreclosure Headlines Aren't a Red Flag for South Jersey's Housing Market Have you seen headlines claiming foreclosure activity has climbed for 10 straight months? It's easy to get concerned about what this means for our local market. But looking at the complete picture reveals some simple truths about South Jersey real estate: Current foreclosure numbers align with normal market patterns High...

Are Big Investors Really Buying Up All the South Jersey Homes? Here's the Truth. It's almost impossible to scroll online these days without seeing some version of this claim: "Big investors are buying up all the homes." If you're a homebuyer who's lost out on a few offers in West Deptford or Audubon, this might sound believable. When homes cost more and competition gets fierce, it's easy to blame corporate...

Expert Forecasts Point to Affordability Improving in 2026 for South Jersey Homebuyers Wondering what to expect from the South Jersey housing market in 2026? You're not alone. For the past few years, affordability has been the biggest hurdle for most buyers and sellers. Many families in Medford, Audubon, and across our region have been waiting for better market conditions. The good news? Things are finally...