A surge in post-wildfire insurance costs and new short-term rental bans have created a glut of Maui, Hawaii, condominiums with few qualified buyers, according to Mino McLean, broker with Island Sotheby’s International Realty. The shift, driven by the August 2023 Lahaina wildfires and the passage of Bill 9, has left thousands of units effectively out ...
Hiring by AI startups is driving strong rental demand in San Francisco. Monthly rents have reached $10,000 to $15,000, outpacing the effects of layoffs at larger tech firms. According to Cynthia Kellogg, Co-Founder and Residential Agent at Best Coast Collective, this trend is creating a two-tier market. It is raising rental prices and converting renters ...
The common belief that rising interest rates are keeping homeowners from moving may overlook a key reality, according to David Newcombe, Co-Founder and Associate Broker at Compass Arizona. Newcombe says many homeowners who locked in low mortgage rates have since taken on additional debt through home equity lines and other borrowing, raising their effective debt ...
In Monmouth County, New Jersey, sellers are increasingly unwilling to negotiate on repairs or price reductions, causing deals to fall apart when buyers expect the leverage they had two years ago. Paul Kaminski, a broker associate with Keller Williams Sports + Entertainment, recently lost a transaction after a buyer requested concessions for mold remediation. Kaminski ...
Persistent inventory shortages in desirable suburban areas are changing how homebuyers approach the market, with many abandoning traditional comparison shopping. Instead of touring multiple homes and weighing options over several weeks, buyers are forced to make quick decisions and settle for any property that meets their basic criteria. Yann Rousseau, a REALTOR® with eXp Realty ...
The solar construction industry is moving away from labor-intensive, craft-based methods toward a model that resembles outdoor manufacturing, with automation and robotics playing a growing role. Ryan Johnson, Vice President of Solar and Energy Storage at Clayco, says the repetitive nature of solar installations makes them well-suited for autonomous systems handling core tasks such as ...
The New Jersey Shore real estate market is seeing a widening divide between properties that sell easily and those in distress, where sellers lack the funds to meet regulatory requirements or prepare their homes for sale. Gina Corbisiero, broker-salesperson with Century 21 Solid Gold Realty, says the divide is becoming more pronounced, with distressed sellers ...
The Scottsdale real estate market is diverging by price points, with entry-level condos and homes under $400,000 losing value. At the same time, luxury properties in Paradise Valley and other high-end communities continue to appreciate. Jennifer Wilson, a Realtor at describes this widening gap as a direct response to rising interest rates and affordability pressures ...
National retail chains are sharply reducing their presence in Chicago. Annual deal volume from major brands like Chipotle, Panera, and Starbucks has dropped from 20–30 transactions per year to just eight to ten, according to Gregory Kirsch, Founder and Managing Broker of Kirsch Agency. This decline is not a short-term, post-COVID pause. It signals a ...
The Upper West Side has seen a surprising slowdown in its luxury townhouse market over the past two years, even as the neighborhood’s core strengths remain intact. Richard Pretsfelder, Senior Partner at Leslie J. Garfield & Co., notes that demand at the top end has lagged despite continued proximity to Central Park, access to leading ...
Office buildings in Salt Lake City that once sold for $350 per square foot are now trading for as little as $100 per square foot, according to Kip Paul, Vice Chairman of Investment Sales at Cushman & Wakefield. This steep decline reflects a major reset in how investors evaluate office properties, with Class B and ...
Severe inventory shortages in Newport’s coastal luxury market are forcing buyers to pay significant premiums for off-market properties. Traditional listings have become scarce, and direct outreach is now the norm for securing high-end homes. Kimberly Fleming, Broker Associate at Gustave White Sotheby’s International Realty, says the lack of available luxury inventory — defined as properties ...
High-end properties are selling quickly in Oak Park, Illinois, even as overall housing inventory has dropped to record lows. According to Deborah Wess, a veteran Realtor with Berkshire Hathaway HomeServices Chicago, the typical spring surge of listings has all but disappeared. While the market usually sees 20 to 25 new listings per week, this week ...
Hudson County’s real estate market offers stability that stands in contrast to the volatility seen in many Sun Belt markets. According to Levi Rezai, broker associate at Prominent Properties Sotheby’s International Realty, the county’s proximity to Manhattan creates an investment environment less exposed to the dramatic price swings common in Florida and Texas. While Sun ...
Condominium sales in Connecticut are lagging behind single-family homes in similar price ranges. Rising HOA fees and concerns about aging building infrastructure are prompting buyers to reconsider the value of condos. Divya Kataria, a Realtor with Berkshire Hathaway HomeServices New England Properties, says buyers are conducting detailed cost analyses and often conclude that single-family homes ...
