High-net-worth buyers are fundamentally changing Miami’s real estate market by refusing to consider properties that require any post-purchase work. This new buyer mindset, driven by comparisons with other luxury markets, is forcing sellers to raise their standards or risk prolonged listing times and price cuts. Madeleine Romanello, a broker associate with the Romanello Villar Group, ...
While headlines highlight Florida’s affordability crisis and a median home price near $400,000, a quieter trend is unfolding in Wesley Chapel and Pasco County. Here, builder incentives are making homeownership possible for buyers who previously believed it was out of reach. Whitney Lohr, team leader at Florida Living Group within Berkshire Hathaway HomeServices, has seen ...
While national headlines highlight a slowdown in new construction, several master-planned communities in Wesley Chapel are seeing steady buyer demand. According to Whitney Lohr, team leader at Florida Living Group within Berkshire Hathaway HomeServices, the key difference is a new development model that brings together multiple builders and a wider range of options than the ...
Real estate CEO Daniel Kaufman argues that following institutional capital into hot markets is a recipe for underperformance. His firm’s early exits from now-oversupplied markets illustrate how moving against the herd can yield better results. Conventional real estate wisdom advises following institutional money. When large investors enter a market, their presence is seen as a ...
The main criticism of modular construction in real estate is that if factory-built modules do not cost less per square foot than traditional construction, the model fails. Daniel Kaufman, president of Kaufman & Company, argues this misses the real value in today’s construction environment. “Our biggest savings are time,” Kaufman says. “Getting a project completed ...
Rent-to-own arrangements have a mixed reputation in real estate, and Tamera Nielsen, CEO of Burson Home Advisors, says that skepticism is warranted. “Most rent-to-own programs were scammy,” Nielsen says. But she argues that dismissing all alternative ownership models overlooks a key difference between informal landlord deals and professionally managed programs. Nielsen cites a recent case ...
Auction sales are changing the landscape of Western Canadian farm real estate, creating price outcomes that increasingly favor sellers and may push buyers to pay more than they would in private transactions. According to Ben Van Dyk, Partner and Co-Managing Partner at Real Estate Centre & Farm Real Estate, auction mechanics are amplifying competitive pressures ...
Miami-Dade County’s transparency database lets buyers research building finances before making offers, in contrast to Florida law, which requires buyers to sign a contract before accessing key financial documents. Florida’s condo disclosure laws require buyers to be under contract before they can review critical financial documents. Danielle Blake, Chief of Residential & Advocacy at the ...
Condo associations across Florida are raising insurance deductibles above 5 percent to cut premiums. However, the strategy can disqualify buildings from conventional financing and shrink the buyer pool, according to Danielle Blake, Chief of Residential & Advocacy at the Miami Association of Realtors. Blake warns that when associations increase deductibles to save money, they often ...
The economics of new construction in Bergen County have shifted significantly, making it viable only at much higher price points than in the past. This change has significant implications for the area’s ongoing inventory shortage, as new homes are built exclusively for the wealthiest buyers, leaving most demand unmet. Sergio Sciortino, broker associate with Keller ...
New York State’s scaffold law imposes a strict liability standard for gravity-related worker injuries, making property owners responsible regardless of fault. For small-scale multifamily developers, this law results in significantly higher insurance premiums that serve as a hidden regulatory tax, one that cannot be avoided through safer practices or better management. Insurance Premiums: A Hidden ...
In Miami’s luxury pre-construction market, buyers are paying a clear premium for developments branded by well-known hospitality companies. At the same time, equally reputable non-branded projects often struggle to attract attention, even when they offer better value. This two-tier pricing structure is driven by brand psychology rather than hard differences in quality or investment fundamentals. ...
Secondary markets across the country are changing their approach to industrial development: they are building warehouse and distribution space on a speculative basis, or risk being dismissed by companies before site visits occur. Ted Branson, SIOR Industrial Division Director at Landmark Commercial Real Estate in Wichita, says the old mode, waiting for tenant demand before ...
Wichita’s status as a global center for aerospace manufacturing is more than a slogan. Decades of investment by companies such as Boeing and Textron, along with their predecessors, have created a business environment that now attracts a diverse range of industrial and logistics operations, according to Ted Branson, SIOR, Industrial Division Director at Landmark Commercial ...
Outdated lending rules are sidelining Miami condo buyers, as federal standards treat building improvements as “deferred maintenance,” forcing many to put down 25% even in buildings that have passed all required inspections. Miami’s condo market is experiencing a financing logjam unrelated to structural safety or reserve funding. Instead, the problem stems from how Fannie Mae’s ...
