A wave of adjustable-rate mortgages (ARMs) originated during the pandemic is about to reset, setting up a surge of forced transactions in Manhattan’s real estate market. According to Jared Antin, executive director at Brown Harris Stevens, this shift will drive sales activity in New York regardless of buyers’ views on prices or Federal Reserve policy. ...
Senior housing projects built over the past three to four years are becoming a significant source of risk in the sector, as many are failing to lease up as projected and now face refinancing challenges with the maturity of their initial bridge loans, according to Nachum Soroka, Vice President of the Healthcare Group at Eastern ...
The typical first-time homebuyer in America is now 40 years old, according to data from the National Association of Realtors cited by Sam Ratner, a Connecticut-based broker and team leader at CTproperties with Keller Williams Realty. Ratner notes that most of these buyers are women, a shift he attributes to a widespread lack of education ...
Manhattan’s residential inventory has fallen to its lowest point since early 2016, setting the city apart from national trends and potentially positioning it for price appreciation while much of the country faces a correction, according to Jared Antin, Executive Director at Brown Harris Stevens. “If you look at the supply dynamic, you have to go ...
Hartford lost roughly 700 hotel rooms during the COVID-19 pandemic. Rebuilding that inventory now presents challenges beyond standard real estate calculations. According to David Steuber, Executive Director of the Capital Region Development Authority (CRDA), the main issue is the growing gap between the high demand from major conventions and the lower baseline demand from routine ...
Healthcare real estate, particularly skilled nursing facilities, is attracting new capital as lenders recognize a deposit advantage that multifamily and office properties cannot match, according to Nachum Soroka, Vice President of the Healthcare Group at Eastern Union. Regional banks, debt funds, and alternative life insurance companies are increasingly interested in senior housing. This is driven ...
Rental prices in the Hudson Valley have compressed so close to mortgage payments that prospective tenants are increasingly saving for down payments instead of renting, according to Christina Wilger, a licensed real estate salesperson with RE/MAX Benchmark Realty Group. The Hudson Valley rental market has entered a period of stagnation, diverging from the region’s generally ...
The return of buyer protections in real estate transactions is revealing a growing disconnect between seller expectations and current market realities, according to Christina Wilger, a licensed real estate salesperson with RE/MAX Benchmark Realty Group in New Windsor, New York. Wilger says the primary reason deals fall apart today is inspection disputes. “Sellers are still ...
Manhattan’s cooperative apartments, which make up about 65 percent of the city’s housing stock, are seeing a sharp drop in demand and prices compared to condominiums. According to Steven Cohen, a team leader and associate real estate broker of The Steven Cohen Team, with 26 years of experience in New York City residential real estate, ...
The manual review of architectural requests — where volunteer board members painstakingly compare homeowner submissions to pages of covenant requirements — has long been one of the most time-consuming tasks in HOA governance. Now, this process is on track to become fully automated by AI, according to Clayton Thompson, CEO of HOA Start. The company ...
Building code compliance is creating sharply different investment outcomes for coastal properties, even when those homes sit just feet apart. Edward Freeman Jr., Managing Partner at The Freeman Group, says the key factor is whether a property is built above or below the base flood elevation. This technical detail can mean the difference between paying ...
Miami’s luxury pre-construction market requires buyers to commit substantial capital years before a property is built. This exposes them to significant financial risk that is not reflected in conventional market data. Buyers risk losing their entire investment if they cannot complete the purchase, but these failed transactions rarely appear in public records or sales statistics. ...
In today’s luxury coastal markets, the usual reasons for failed real estate deals — financing issues, inspection surprises, or low appraisals — have largely faded into the background. Instead, buyer psychology has become the main factor causing high-end transactions to fall apart, according to Edward Freeman Jr., Managing Partner at The Freeman Group on Long ...
Standard market metrics that compare today’s conditions with last year’s peak often fail to capture what is actually happening in markets that are moving from artificial highs back to normalcy, according to Matt Territo, a Northeast Florida real estate agent and team leader of Team Territo. Recent data for Northeast Florida shows prices down three ...
A structurally sound house in a desirable coastal neighborhood can become nearly unsellable if its roof is sixteen years old instead of fourteen. Matt Territo, a Northeast Florida real estate agent and team leader of Team Territo, with a construction background, says insurance company mandates have created a parallel pricing system in coastal markets, one ...
