Suddenly, On January 31, 2026. Age 70, Of Haddon Heights. Cherished Son of the late Vincent and Irene Kavalunis. Beloved brother of the late Sandra Kavalunis. 

Funeral Arrangements are pending at this time. Please contact McCann – Healey Funeral Home, Gloucester City Ph: 856 – 456 – 1142 for additional information.

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Gloucester CITY, NJ (CNBNews)(February 19, 2026)–In June 2025, authorities informed residents and officials across 19 New Jersey municipalities about a potential collapse in the real estate sector that could soon affect their communities.

An article published by Newsweek emphasizes that while New Jersey’s housing market appears to be robust on the surface, a comprehensive analysis reveals concerning trends. Over the past 15 years, the Zillow Home Value Index has signaled critical warning indicators in these 19 towns, reminiscent of prior market downturns: significant overvaluation, noticeable volatility, and a troubling loss of upward momentum. Certain communities, such as Woodlynne and Gloucester City, have experienced such extreme price inflation that a market correction appears not only probable but nearly unavoidable. This phenomenon may be driven by exaggerated media coverage, speculative investment behaviors, or unrestrained momentum that no longer reflects genuine economic conditions. 

Gloucester City exemplifies this trend, having experienced an extraordinary 206.6% increase in home prices. This surge has elevated property values to an astonishing 89.5% beyond what the market can sustainably support, particularly considering the relatively moderate current prices. The city’s history of three significant housing crashes, including a severe 15.7% decline in 2012, further underscores its vulnerability and the potential for another downturn. The combination of excessive growth fueled by speculation and historical market trends is raising alarm among residents and officials, indicating that the stability of these markets may soon be jeopardized.

GLOUCESTER CITY

Home Stratosphere | Zillow Home Value Index

Crash Risk Percentage: 90%

Historical crashes (8%+ declines): 3

Most severe historic crash: -15.7% (2012)

Total price appreciation since 2000: 206.6%

Overextension above long-term average: 89.5%

Annual price volatility: 8.8%

Projected 2025 price: $245,454

Gloucester City’s Location and Overvaluation Concerns

Situated along the scenic Delaware River directly opposite Philadelphia, Gloucester City benefits from a strategic location offering residents convenient access to major employment centers. This prime position makes it an appealing residence for those seeking employment opportunities. Despite its attractive proximity to Philadelphia, Gloucester City provides a more affordable housing market relative to other high-risk urban areas. Nevertheless, the current median home price of $245,454 is alarmingly 89.5% higher than its sustainable long-term average.

Since 2000, property values in Gloucester City have surged by an extraordinary 206.6%. The housing market has experienced considerable volatility, with three significant crashes since 2000, the most severe occurring in 2012 with a 15.7% decline amid broader regional economic challenges. Residents face typical urban issues, such as aging infrastructure and a lack of strong local economic development efforts.

With an annual price volatility rate of 8.8%, the housing market demonstrates ongoing instability. The history of multiple major downturns reveals underlying structural vulnerabilities within the community. Although current prices may seem reasonable compared to more high-end coastal markets, the 89.5% overvaluation indicates that even this working-class area has seen property values rise far beyond sustainable levels. This situation poses a significant risk of market correction, placing homeowners and prospective buyers in a precarious position.

This analysis was initially published in the article “Crash Coming? These 19 New Jersey Towns Are on Thin Ice,” available on Home Stratosphere.

https://local.newsbreak.com/m/home-stratosphere-314909776

Gloucester City – Delaware River Location Can’t Justify Overvaluation

Situated along the Delaware River directly across from Philadelphia, Gloucester City benefits from proximity to major employment centers while maintaining relatively affordable housing compared to other high-risk markets. However, the city’s median home price of $245,454 still sits 89.5% above its long-term sustainable average, following 206.6% appreciation since 2000. Gloucester City has experienced three major crashes since 2000, with the worst decline of 15.7% in 2012 coinciding with broader regional economic stress.

Gloucester City’s riverfront location and Philadelphia access provide some economic advantages, but the city faces typical urban challenges including aging infrastructure and limited local economic development. The 8.8% annual price volatility indicates ongoing market instability, while the pattern of three major crashes suggests underlying structural vulnerabilities. Despite current prices appearing modest compared to luxury coastal markets, the extreme 89.5% overvaluation indicates that even this working-class community has pushed valuations well beyond sustainable levels, creating significant downside risk.

William E. Cleary Sr. | CNBNews Editor

CHEER– A STAR IS BORN Julia Sienna Santiago performed on American Idle on Monday, February 16, and won the coveted GOLDEN TICKET. The song she sang was the National Anthem. A tribute to her appeared on Facebook. The Facebook post read, “Freehold Township showing BIG pride. Congratulations to Julia Sienna Santiago – Freehold Township resident, Howell High School FPAC graduate, Sea Girt Police Special Officer, and now an American Idol Gold Ticket Winner. From singing our National Anthem at Freehold Township Day to the Idol stage – we can’t wait to see what’s next!”

JEER-The night before Lillo’s Tomato Pies, 159-57 South Burlington, Gloucester City was to be inspected by the Gloucester Housing Department, someone broke in and stole the copper pipes. As a result they had to postpone their opening until February. 

CHEER-To the return of American Legion Post 150. Mount Ephraim welcomed back its local American Legion post, restoring an important community hub for veterans and civic life.

CHEER — To the Westville DPW for early storm prep. Before the storm hit, Westville’s Public Works Department publicly announced its readiness plans and emergency contacts, demonstrating a level of communication and preparation that neighboring towns could learn from.

JEER — To the slow cleanup in Westville after the storm, Westville issued multiple updates reminding residents about sidewalk clearing and storm safety — a sign that many property owners still weren’t doing their part after the snowfall. Westville issued multiple updates reminding residents to clear sidewalks and practice storm safety — a sign that many property owners still weren’t doing their part after the snowfall.

CHEER -A BIG SHOUTOUT for warmer temperatures and rain that arrived this week in the State of New Jersey. Since the January 25 snowstorm, that storm have affected residents of Gloucester City and other communities in New Jersey and Pennsylvania. The National Weather Service seven-day forecast calls for a high temperature of 48 today, cloudy with a chance of rain. Partly cloudy skies on Saturday, with a high of 50. The low for Sunday will be 29 and Monday the low will be 30. Cloudy skies for both days with a chance of rain and snow. Source National Weather.

CHEER – Last Wednesday, the House approved the SAVE America Act. The bill now moves to the Senate, where it faces opposition from Democrats. It aims to make significant changes to voting laws in the U.S., including requiring voters to show proof of citizenship to register, ending mail-only registrations, and for the first time, mandating photo ID in every state. It also urges states to take steps to remove noncitizens from voter rolls. “It’s just common sense. Americans need an ID to drive, to open a bank account, to buy cold medicine, to file for government assistance,” Speaker Mike Johnson, R-La., told reporters. “So why would voting be any different than that?” Democrats argue the legislation will disenfranchise Americans, noting that voting by noncitizens is already illegal. Current law requires voters to attest to their citizenship under oath, with criminal penalties for violators. The bill mandate that all votes be counted and tallied on Election Day.

CHEER-New Jersey American Water is thrilled to announce the launch of the 2026 American Water Charitable Foundation Water and Environment Grant Program. The Foundation invites community partners to apply for grants that promote clean water, conservation, environmental education, climate variability, and water-based recreation projects. Applications will be accepted through March 6, 2026. READ MORE

CHEER –Police officers searching high and low for a missing toddler in Louisville, Kentucky, last month received an unlikely assist from a four-legged hero. While a drone and police helicopter searched overhead for signs of the 3-year-old boy, officers with the Louisville Metro Police Department’s Seventh Division canvassed the neighborhood. According to The Blaze, a dog appeared out of nowhere and joined the search. Thanks to that shaggy dog, the child was found locked in the front seat of a nearby In the footage, it’s clear that the dog was similarly excited over the result, wagging its tail excitedly and darting its nose from officer to officer. “Lassie found him!” says one of the officers. Thompson suggested that in his two years patrolling the neighborhood, he had never seen the hero dog before or since. “I don’t know where the dog came from,” he said. “But it was a blessing from God that day.”The LMPD stated, “Outstanding work by our officers, and a four-legged friend who reminded us that heroes come in all forms.”car. SEE VIDEO

JEER-Presidents usually separate from any businesses before taking office to avoid conflicts of interest. Donald Trump, however, appears in a television commercial promoting the Trump Watch, which costs $100,000. There are cheaper models. Technically, the president is allowed to maintain his businesses as long as he doesn’t use his public office to promote them. Trump no longer directly runs the Trump Organization, but he still profits from it. His presidency is still directly tied to the business, as it sells hundreds of “Trump,” “MAGA,” and “45-47” items. If you peruse Trump’s watch website, you’ll find a video of Trump endorsing the products while standing in front of American flags.The Market Realist reported that Mr. Trump has earned over $10 billion from merchandise sales in 2025 alone. We think selling his Trump merchandise while in office demeans the office of the presidency. READ MORE

CHEER-We still believe that Trump is the best person to be leading our country when compared to the Democratic presidential candidate Kamala Harris and her running mate, Gov. Tim Walz. Minnesota is now facing one of the largest documented government service fraud scandals in United States history. Under Gov. Tim Walz’s evidently unwatchful eye, federal prosecutors estimate that approximately $1 billion in taxpayer funds has been siphoned from multiple state- and federally funded social-service programs over the last five years. We suggest that investigators will eventually determine Walz’s guilt in the billion-dollar fraud.

ABOUT THE AUTHOR: William E. Cleary Sr. is a veteran South Jersey journalist and editor with more than five decades of experience covering local government, crime, and community life. He is the founder and editor of CNBNews. And, the former editor and publisher of The Gloucester City News and the Camden County Record, two weekly print newspapers. His memoir, “A Cop, A Reporter, and a Priest Walk Into a Bar,” shares stories from a lifetime spent chasing the truth, holding officials accountable, and giving a voice to the community.Look for his book on Amazon in paperback and Kindle editions. Your support helps preserve independent local journalism and the history of Gloucester City and the surrounding region. eBook $9.99; Paperback $16.99 BUY HERE