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There's Nothing Old About the New Jersey Real Estate Market
from:When it comes to property, one of the largest and most active locations in the United States is that of the New Jersey real estate market. With approximately 18 counties and numerous cities and towns, the Garden State offers a number of property settings in both urban and rural settings. Whether in the market to buy or sell, one can find single family homes, commercial properties and even vacation rentals right on the Jersey shore. As one of the oldest states in the union, the state plays home base to many corporations and major industries, from insurance companies to textile mills.
Like any other market, New Jersey real estate trends go up and down with the times yet manages to remain quite vigorous compared to other areas of the country. Census records indicate that the state consistently ranks in the top five for having one of the highest median incomes. Of the top 100 richest counties across the U.S., New Jersey has nine. This has quite an effect on New Jersey real estate on both residential and commercial levels. Businesses that move into the state and set up on commercial or industrial properties bring employees that also set up in residential properties.
Although the New Jersey real estate market is one that is known to have higher median home prices and property taxes than other states, many have found affordable single family homes by staying directly out of urban areas and opting for the outer lying vicinities. The recent housing boom has had some of its greatest success throughout New Jersey, allowing prospective buyers to find ideal locations at reasonable prices. Rural home sales in the state also carry a good part of the market. With its long history as an industrial hub and a number of ultramodern factories and mills, the sale of industrial properties also helps to keep the market busy.
The New Jersey real estate market is also a bonus for investors of vacation properties thanks to the many miles of glistening beaches on the Jersey shore. A hotspot for couples and families on retreat, picturesque beach towns often find themselves renting out vacation homes year round. Whether making an escape for just the weekend or an entire summer, it is very much tradition for guests to rent fully furnished homes rather than hotels to stay in. With homes being rented by the weekend, week or month, investors of vacation properties are known to see a better than average return on their investments. There are some New Jersey real estate companies that have now turned to dealing exclusively in the outlay of beach properties.
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Chesapeake Real Estate News
Chesapeake files lawsuit against 95 property owners in two Ohio counties - Farm and Dairy
Chesapeake files lawsuit against 95 property owners in two Ohio counties Farm and Dairy SALEM, Ohio — Chesapeake Exploration has filed a lawsuit against 95 property owners in Carroll and Columbiana counties after they reportedly threatened to terminate their leases. The lawsuit has been filed in the US District Court Northern District of ... |
John B. "Jack" Owens, boat builder - Baltimore Sun
 Baltimore Sun | John B. "Jack" Owens, boat builder Baltimore Sun By Frederick N. Rasmussen, The Baltimore Sun John B. "Jack" Owens, who had been a principal in the family-owned Owens Yacht Co., the legendary Annapolis boat builder, and later established a real estate firm, died Saturday of heart failure at his ... |
Housing correction isn't deterring agents-in-training - The Virginian-Pilot
 The Virginian-Pilot | Housing correction isn't deterring agents-in-training The Virginian-Pilot Real estates signs are for sale at Alpha College of Real Estate in Chesapeake on Wednesday, Jan. 25, 2012. (Steve Earley | The Virginian-Pilot) By Josh Brown Sam Lowry scribbled notes at the back of a classroom at the Alpha College of Real Estate. |
Osnaburg Local OKs lease with Chesapeake - Canton Repository
Osnaburg Local OKs lease with Chesapeake Canton Repository “We have been told, because we are in town, the rules that govern in-town, they will not be drilling (on school property). If we had signed a nondrilling lease, our payments would have been a lot less. We do not expect them to drill. |
Oil, gas, drilling permits rise - SalemNews.net
Oil, gas, drilling permits rise SalemNews.net Hanover Township, section 36: Henceroth property, with access from Gavers Road. Chesapeake Energy is the applicant. - Hanover Township, section 34: Hanover Farms property, with access from McKaig Road. Chesapeake Energy is the applicant. |