The multifamily industry is prioritizing the wrong tenants, according to one Miami developer who says most new construction targets investors and second-home buyers rather than the workers who sustain local economies. Lisette Calderon, CEO of Neology Group, points to occupancy as evidence. “Nothing gives me greater pride than when I drive through our buildings at ...
Developers nationwide are finding it increasingly difficult to make multifamily projects financially feasible as construction costs remain high and access to capital tightens. Lisette Calderon, CEO of Neology Group in Miami, argues that the only reliable solution is a level of vertical integration that most firms have not attempted. Calderon says Neology Group now performs ...
The proptech industry’s standard approach, offering mortgage products directly to consumers through websites and apps, may not work for assumable mortgages, according to Andy Taylor, founder and CEO of RetroRate and former head of Credit Karma’s mortgage business. Taylor, who has spent years building consumer mortgage platforms, says his experience serving 150 million consumers revealed ...
Chicago’s small multifamily housing shortage is not due to a lack of demand or insufficient capital. According to Niko Apostal, managing broker at Essex Three-Twelve, the problem is a regulatory system that has effectively halted new construction in one of the city’s most crucial housing sectors. “Nobody’s building two to four flats anymore, and it’s ...
Chicago’s small multifamily investors are facing mounting financial pressure from two sources that are increasingly difficult to plan for: rapidly rising property taxes and insurance costs. These fixed expenses, which are outpacing rent growth, are creating new risks for owners and threatening the profitability of buildings that, until recently, were considered solid investments. “The biggest ...
South Florida’s rental property market is increasingly being driven by global investors, not just U.S. buyers, according to a leading Miami property management firm. This surge in international capital is changing who is fueling Miami’s rental market growth and what property managers must do to compete. For years, the prevailing view was that South Florida ...
Miami’s industrial real estate market is seeing a shift in how new warehouse properties are bought and sold. According to Irene Dakota, Senior Commercial Advisor at Metro 1 Commercial, the latest wave of amenity-rich warehouses in Miami’s urban core is being absorbed almost entirely by cash-paying owner-occupants. These buyers prioritize operational efficiency and proximity over ...
A new challenge is emerging in Central Florida’s real estate market: homeowners who bought at the height of the pandemic boom are finding themselves unable to sell without taking a loss, creating a potential surge of distressed sales in neighborhoods that had previously remained stable. Patricia de Graaff, a licensed realtor and broker associate with ...
Two consecutive hurricane seasons have divided Sarasota’s waterfront real estate market, with newer, hurricane-resistant homes commanding significant price advantages while older properties linger on the market and face rising costs. Sarasota’s luxury waterfront market is undergoing a measurable shift driven by recent storm performance. According to Laura Pearson, real estate advisor at Premier Sotheby’s International ...
The U.S. housing market is weighed down by a vast inventory of low-rate mortgages that could help unfreeze sales, but a fundamental flaw in how Multiple Listing Service (MLS) data is handled means buyers rarely see these opportunities. Andy Taylor, founder and CEO of RetroRate, estimates that about 22% of all homes with mortgages have ...
For more than two decades, real estate technology companies have built consumer-facing search tools and agent platforms. Yet a core problem persists: the data powering these systems is often unreliable, inconsistent, and fragmented across states and counties. Andy Taylor, founder and CEO of RetroRate and former VP of Product at Redfin, says the challenge of ...
While national housing markets show signs of slowing, Rochester, Minnesota, faces a severe inventory shortage. The city currently has about one-third the homes for sale it would need for a balanced market, according to a local real estate agent. Alex Mayer, a real estate agent with Rochester Area Homes by Alex, says the supply gap ...
The Naples real estate market is returning to its traditional seasonal cycle, according to a longtime local agent, as the predictable January–April sales surge reemerges after three years of pandemic-driven, year-round demand. This shift is causing confusion among agents and market watchers who became accustomed to constant activity during the COVID period, but who may ...
Outdated price expectations from the 2022–2023 peak are causing a standoff in the Naples luxury market. Sellers remain anchored to record prices from two years ago, while buyers, facing an 11-month supply of inventory, expect significant discounts. This disconnect has led to a slowdown in transactions and rising inventory. “If a home sold at $800,000 ...
The Florida coastal real estate market is undergoing a sharp correction, but according to one veteran broker, the roots of the problem go beyond typical market cycles. Randall Rintala, Associate Broker at Berkshire Hathaway HomeServices Beach Properties of Florida, says many agents misled buyers during the COVID boom by presenting inflated rental income projections based ...
