For more than two years, market watchers in the greater Houston area have been bracing for a surge of foreclosures. The logic seemed sound: pandemic-era moratoriums expired, interest rates jumped, and homeowners who stretched too thin would inevitably fall behind. But the wave hasn’t arrived – at least not in the form anyone predicted. What’s ...
Buyers relocating to South Jersey from New York or North Jersey often arrive expecting a bargain. Home prices are lower, lots are bigger, and commute access to Philadelphia remains strong. But the sticker price is only half the equation, and property taxes blindside people who haven’t done their homework, according to Maria Robles, a Realtor ...
Investors who purchased Cleveland apartment buildings in 2021 or 2022 with 3% mortgages and top-of-market pricing now face a sale price gap they cannot close. Mortgage rates sit in the six-and-a-half-percent range, which means buyers today need higher cap rates to make the numbers work, and higher cap rates mean lower prices. Owners who stretched ...
National stories about softening prices in Florida, Arizona, and parts of Texas suggest buyers everywhere hold the cards. In the Minneapolis-St. Paul metro, that assumption is costing buyers deals. Minnesota does not move like those headline-grabbing markets, says Bryan Vant Hof, a Realtor with RE/MAX Advantage Plus and The Minnesota Real Estate Team. Vant Hof ...
Daily JetBlue service from Vero Beach to Boston and New York ends in December. That loss would normally signal trouble for a small Florida luxury market built on Northeast transplants. Instead, barrier island sales are up nearly 28 percent year over year, according to Ben Bryk, co-founding principal of Vero Premier Properties, the Signature Division ...
Three luxury high-rise projects are going up along the Fort Lauderdale and Pompano Beach waterfront: a Waldorf Astoria, a W Hotel property, and a Ritz-Carlton tower. For investors watching South Florida, this kind of branded development pipeline signals institutional confidence in a corridor’s future. But the opportunity these buildings represent requires a longer holding period ...
It sounds backward, but in New York’s Hudson Valley, paying a higher price for a home in good condition may cost less overall than buying a cheaper fixer-upper. Renovation costs have climbed so sharply that the discount on a home needing work often doesn’t cover the cost of fixing it. A higher purchase price can ...
National headlines about soaring flood insurance have made barrier-island buying sound like a financial minefield. But in Ocean City, New Jersey, buyers routinely arrive bracing for five-figure annual premiums and find the actual cost far lower. That gap between perception and reality, according to one agent with 37 years in the market, may be steering ...
A gap is forming in San Antonio’s luxury home market. Homes that listed near a million dollars just a few years ago are now trading in the $700,000 to $760,000 range. These are sharp discounts that would normally attract a rush of buyers. But the buyers who can actually act on those prices are almost ...
Renters in Bergen County, New Jersey, are discovering that their monthly payments already approximate what a mortgage would cost. Local agents say this realization is driving more renters toward condo and townhouse purchases they once assumed were out of reach. Heather Corrigan, a Realtor with RE/MAX Signature Homes who handles rentals and sales across Bergen ...
Homes in Celina, Texas have dropped 15 to 20 percent from their pandemic peaks, and 5.7 months of inventory suggests prices haven’t finished falling. The Dallas North Tollway extension is scheduled to reach the city next year. It will cut commute times to Plano and Frisco, where corporate headquarters employ the relocating professionals who drive ...
Construction lenders appraise progress by visiting a job site and checking visible milestones: foundation poured, framing complete, roof on. That system breaks down when 60 to 80 percent of the building happens inside a factory miles away. For buyers and developers choosing factory-built homes, this mismatch creates delays, awkward drawdown schedules, and friction that traditional ...
The bidding wars in northern New Jersey have migrated away from the places most people expect. Downtown Jersey City – long the default destination for buyers priced out of Manhattan – has softened in recent months, while suburban towns surrounding it continue to generate multiple-offer scenarios. The competitive energy has moved outward, to places where ...
A Brooklyn resident spending an hour on the subway to reach midtown Manhattan could swap that commute for a Metro-North train ride of comparable length, and arrive home to a four-bedroom house with a yard instead of a one-bedroom co-op, according to Thomas Klug, Broker & Owner of Hudson Valley Premier Properties Realty, who has ...
When a city converts office buildings into housing, the headline usually celebrates new apartments. What gets less attention is what happens to the businesses that now have fewer places to lease. In Manhattan, residential conversions have removed enough supply to shift the power balance between landlords and tenants, and the effect is accelerating, according to ...
