In Anderson, South Carolina, the number most sellers fixate on when listing a home – what similar properties sold for recently – may be the reason their listing sits unsold. Builders sitting on unsold new construction have cut prices aggressively enough that the past twelve months of sales data no longer reflects what buyers actually ...
Home prices across Chicago’s western suburbs remain high enough that short-term investors cannot execute the buy-low half of a flip. With roughly one and a half months of single-family inventory across DuPage County, according to Debbie Pawlowicz, owner and designated managing broker at DPG Real Estate Agency in Lisle, Illinois, sellers have little reason to ...
When a large landlord or equity fund lists a former rental property in Dallas-Fort Worth, the home that reaches the market is not always what a buyer expects. These were investment assets managed for cash flow, not curb appeal. Deferred maintenance is common. Cosmetic updates were rarely a priority. And for buyers drawn to the ...
First-time buyers in Chicago’s south suburbs face a problem patience alone cannot solve: the homes they want cost more than they can afford at today’s interest rates. Rather than settle for a smaller house or wait for rates to drop, a growing number are buying small multi-unit properties and letting a tenant cover part of ...
Many self-employed borrowers who are told they do not qualify for a mortgage are not actually unqualified. They are applying through a loan type that measures income in a way that works against them. Conventional mortgages rely on tax returns, and for self-employed borrowers, tax returns are designed to minimize taxable income. That creates a ...
A year ago, the biggest hurdle for a first-time buyer in northern New Jersey was getting an offer accepted. Today, the real breaking point has moved later in the process, to the home inspection. That shift hits first-time buyers harder than anyone else in the market. Augie Neno, Owner/Broker at Neno-Rosa Agency in Kearny, New ...
Sellers preparing to list homes in central Pennsylvania may be spending money on the wrong upgrades. Millennial buyers between 30 and 45, the largest active cohort in the Harrisburg-area market, are not chasing high-end finishes, according to Maryssa Chaplin of the Chaplin Group at Keller Williams of Central PA. They care far more about structural ...
Housing inventory across much of the country has climbed to levels not seen in four years. For buyers, that looks like relief after years of bidding wars and razor-thin selection. But the supply gain is a side effect of suppressed demand, not a surge in new listings, and if mortgage rates decline enough to bring ...
Buildings that broke ground during the low-rate environment of 2020 to 2022 are completing at once. The resulting inventory surge is pressuring landlords who expected to hold pricing power. Philadelphia’s rental market is absorbing this wave of new apartment inventory. Developers set it in motion years ago, when they locked in favorable financing during the ...
In Chicago’s south and west suburbs, the typical distressed seller no longer fits the familiar profile. These homeowners are current on their mortgages. They haven’t lost jobs or taken on reckless debt. The pressure forcing them out is the property tax bill. Rising insurance premiums and HOA fees have compounded the problem, according to Aaron ...
In central Collin County, Texas, homes priced between $1.3 million and $1.6 million sold briskly during the 2020–2022 run-up. Now they linger on the market. The reason is not poor condition or weak marketing. The buyer who once dominated that price band has disappeared from both directions. When the Middle Disappears According to Sean Elliott, ...
Roughly one-third of residential inventory in Manhattan does not sell on its initial listing and instead cycles through multiple brokers, according to Nikolay Afanasyev, Founder and CEO of City Sphere Property Group, a boutique brokerage covering Manhattan and parts of Brooklyn. Afanasyev attributes the pattern primarily to sellers pricing properties above what the market will ...
Rents in Chicago’s multifamily market are rising faster than in any other major U.S. market, according to Lawrence Dunning, a broker with The Dunning Team at Fulton Grace Realty. Yet buyers and sellers cannot agree on what buildings are worth. Rising construction costs and higher borrowing expenses have created a valuation standoff. Transaction volume is ...
Washington, D.C. has two property markets operating under entirely different rules, sometimes within the same zip code. Upper northwest single-family homes are selling quickly while urban condos sit unsold for months, according to David Bediz, Founder and Team Leader of Bediz Group, LLC. The divergence has less to do with price than with who the ...
