Condo prices in the Strip District average around $800,000, and townhomes there have sold in the $2 million range. A few blocks away in downtown Pittsburgh, per-square-foot prices run roughly $200 lower, according to Racheallee Lacek, team leader of the Lacek Group at Piatt Sotheby’s International Realty. That gap has created a pricing window attracting relocating professionals, ...
Across much of the Houston metro, homeowners who bought during the pandemic-era run-up are discovering that the math no longer works in their favor. Some are bringing cash to the closing table just to complete a sale. Others are entering short sale territory. And a growing number are competing not just with each other but ...
Two houses in the same neighborhood, same size, same condition – and the single-story sells for more and sells faster. That pricing gap has been widening in North Orange County, California, for roughly five to seven years, according to Darryl Jones, a 36-year veteran of the market who leads the Darryl & JJ Jones Team ...
Spokane’s residential market has settled into a pattern that rewards discipline and punishes nostalgia. Sellers who list based on what they remember from a few years ago – when homes drew multiple offers within days – are finding that the market has moved on without them, according to Kim Hagel-Barkley of The Barkley Group in ...
The gap between Houston’s residential market and its coastal neighbor shows what happens when short-term rental speculation meets a correction. Harris County, Texas, currently has roughly six months of housing inventory – enough to classify it as a balanced-to-soft market where sellers need to price carefully and present homes in strong condition. But the sharper ...
The U.S. rental market built aggressively during the pandemic era, particularly in Sunbelt cities like Nashville, Austin, and Dallas. Now much of that new inventory, especially high-end apartments, is sitting partially empty, competing for renters whose budgets have tightened considerably since construction began. The disconnect is straightforward: developers built expensive Class A apartments in markets ...
Housing affordability is the standard explanation for rising rental delinquency, and it is accurate but incomplete. Stagnant wages and rising housing costs are squeezing tenants, but according to Dana Dunford, CEO and co-founder of Hemlane, a property management platform serving landlords with one to 250 rental properties, a less discussed factor is compounding the problem: ...
San Jose’s housing market carries an average sale price near $2 million, but that figure obscures a sharp divide in outcomes. Homes that are well-prepared and well-priced still draw multiple offers. Homes that aren’t sit, and a growing number of frustrated sellers are canceling their listings rather than adjusting, according to Kip Barnard, a 22-year ...
The towns wedged between Newark and Jersey City – Kearny, North Arlington, Harrison, Belleville, don’t generate the same national attention as their larger neighbors. But for buyers priced out of New York City and looking for a short commute via PATH train, bus, or turnpike, this cluster of communities has become a landing zone. The ...
Homebuyers in the western Houston suburbs are seeing more inventory than they’ve had in years, but their budgets aren’t stretching as far as they once did. With resale homes in the Katy area averaging 61 days on the market and conventional mortgage rates near 6.7%, the gap between what new construction can offer, particularly to ...
Philadelphia’s residential market has entered a period where the margin for error on listing price has narrowed considerably. Properties priced at market value and presented well are still moving within days. Properties priced even slightly above what the market will bear are sitting, and the longer they sit, the harder they become to sell. That ...
In a metro area long defined by the stability of federal employment, the Washington, D.C. real estate market is splitting along lines that track closely with buyer mobility. Single-family homes in the District’s upper northwest neighborhoods are still selling quickly. Condos in historically strong areas like Dupont Circle and Logan Circle are sitting. And roughly ...
Homeowners across San Antonio and much of Texas are discovering that what worked two years ago no longer applies. Inventory in the metro has climbed sharply, new listings have surged, active supply has pushed past 10,000 in Bexar County, and homes are sitting well beyond the pace sellers grew used to during the post-pandemic run-up. ...
Philadelphia’s residential market has long been known for its relative price stability, modest gains in good years, modest declines in bad ones. But that evenness is masking a widening gap between two buyer pools operating under very different conditions. Homes priced between $700,000 and above a million dollars are moving faster than properties in the ...
In most American markets, holding a property for ten or twelve years builds a cushion of equity. In Manhattan, that assumption no longer holds across large segments of the market, according to Nikolay Afanasyev, Founder & CEO of CITY SPHERE Property Group, a boutique brokerage covering Manhattan and parts of Brooklyn. Rising building carrying costs, ...
