South Florida’s condominium market is facing a crisis driven not by sale prices but by the soaring insurance premiums that are baked into monthly association fees. As those master-policy costs climb, the fees tied to them have doubled or even tripled, leaving many entry-level units effectively out of reach for the buyers who once relied ...
Rhode Island’s luxury real estate market has shifted dramatically, with out-of-state buyers now representing about half of all transactions above $1 million. According to Matthew Antonio, broker/owner of Corcoran Chart House Realty, this influx marks a clear divide: buyers of homes under $1 million are largely local, while the luxury tier is increasingly dominated by ...
Rhode Island’s housing market has hit a critical affordability threshold, sharply narrowing the pool of potential homeowners. With the statewide median approaching $500,000 and projections suggesting it could reach $600,000 by 2027, the state is facing a crisis that threatens to change its demographic and economic landscape. “It’s getting harder and harder to find a ...
The luxury real estate market in Vero Beach is showing renewed momentum after a period of slower activity, according to Agnieszka Szymanska, a leading realtor at Dale Sorensen Real Estate. Szymanska, who has nearly 15 years of experience in the Treasure Coast luxury market, points to infrastructure improvements and demographic changes as key factors driving ...
Institutional investment firms are significantly reducing their minimum deal size requirements in South Florida’s industrial market, with thresholds dropping from over 100,000 square feet to as low as 50,000–60,000 square feet. This adjustment comes as large firms seek to capture momentum in the mid-market sector, according to Jason Abitbol, Senior Investment Advisor at APEX Capital ...
South Florida’s luxury condo rental market is facing a sharp decline in profitability, with investors offloading properties purchased less than a year ago as high HOA fees and soaring insurance premiums wipe out expected returns. According to Joseph Hunike, COO of Threshold, these escalating costs are undermining the economics of high-end condo ownership, pushing even ...
South Florida’s industrial development is increasingly focused on multi-tenant properties, as builders respond to slowing absorption in the large single-tenant sector and heightened demand for smaller, flexible industrial spaces. According to Jason Abitbol, Senior Investment Advisor at APEX Capital Realty, developers are shifting priorities to align with current market realities. Current Development Assessment Absorption rates ...
Pennsylvania broker Joseph Bograd, team leader of The Bograd Team, argues that current market conditions are removing underqualified agents and producing a more professional, competent agent population. While some in the industry view agent attrition as a crisis, Bograd describes it as a necessary adjustment that benefits clients and the real estate profession as a ...
Hundreds of churches across America are facing abandonment and deterioration, and a regulatory bottleneck in the federal historic tax credit program is blocking their adaptive reuse. Preservation experts warn this problem is growing more urgent, with few viable solutions in sight. Michael Puma, principal at Preservation Studios, has overseen about 60% of New York State’s ...
New York State has led the nation in historic tax credit projects over the past decade, completing more projects than the next three states combined. Yet, behind these numbers, developers face significant hurdles related to timing and project preparation that often go unrecognized. Michael Puma, Principal and Project Manager at Preservation Studios, says that while ...
The residential real estate market is facing an affordability crisis that is not simply the result of temporary interest rate hikes, according to Joseph Bograd, a team leader at Bograd Team with 25 years of experience in Pennsylvania, New Jersey, and Florida. Bograd argues that the financial calculations that once allowed middle-class buyers to purchase ...
A growing disconnect defines Pacific Northwest real estate: many sellers believe listing their home is enough, even as market conditions demand a far more strategic approach to achieve a sale. Ellen Bohn, managing partner at The Agency Camano Island, says this distinction is crucial as properties spend more time on the market and buyers grow ...
Wellington’s real estate market has changed sharply since the post-COVID surge, but Jim Corbin, an associate at Illustrated Properties with nearly five decades in the business, says the slowdown is often misunderstood. Properties that once sold within days now linger for 30, 60, or even 120 days, but Corbin insists this does not signal a ...
As Naples residential sales have fallen 20% and inventory has reached five-year highs, one brokerage’s strict pricing strategy is producing measurable results. Kathryn Zangrilli, broker/owner of Broker Brothers LLC, says her firm closed over 50 deals last year by refusing to take on overpriced listings—even if it means turning down potential business. “We won’t take ...
Wellington’s real estate market stands apart from other Florida markets due to a powerful, recurring economic engine: an annual international equestrian event that brings thousands of wealthy competitors and their teams to the area for 13 weeks each year. Jim Corbin of Illustrated Properties, a Wellington real estate agent since 1978, says this influx has ...
