Morning Headlines: Winter Keeps Homebuyers Away From South Jersey

home for sale

Cold bursts may be a tiresome frustration for Philadelphians longing for spring, but in South Jersey the implications of cold weather are more concerning: The real estate market there is taking quite a hit.

The problem is that when it snows, potential homebuyers are less likely to go house-hunting at the shore. Other factors are at play as well, according to CBS Philly: “New Jersey’s job growth is behind the national average and mortgage rates have gone up.”

On the flip side, winter weather may account for the 20 percent rise in rentals this past year, perhaps because people think fondly of a beach vacation when they’re snowed in at home.

• Real Estate Market Lagging In South Jersey Due To Winter Weather [CBS Philly]

Meanwhile, in news elsewhere…

Clarke’s plan and why all affordable housing isn’t created equal [PlanPhilly]

Liddonfield changes coming [Northeast Times]

Census: Philadelphia population grows again, but rate slow [Philly.com]

Is Your City’s Street Grid Really a Grid? [Atlantic Cities]

7 Things Every Lease Agreement Should Include [Zillow Blog]

Jeffrey Miller Catering gets second look for The Willows, plan includes complete restoration [Main Line Times]

Around The Web


Be respectful of our online community and contribute to an engaging conversation. We reserve the right to ban impersonators and remove comments that contain personal attacks, threats, or profanity, or are flat-out offensive. By posting here, you are permitting Philadelphia magazine and Metro Corp. to edit and republish your comment in all media.