Home prices in Jacksonville Beach have risen 12.8 percent year-over-year, far outpacing the broader Jacksonville market. However, condominiums in the area are experiencing a sharp downturn, creating a widening gap between property types that is reshaping the local real estate landscape. David Corbitt, broker at 1 Percent Lists First Coast, describes the performance split as ...
The boutique hotel industry is facing a technology decision crisis that is stalling independent operators and potentially pushing them toward franchise models, according to Jennifer Barnwell, Senior Vice President of Asset Management at Pebblebrook Hotel Trust and co-founder of Curator Hotel & Resort Collection, a platform for independent boutique hotels. “In the independent boutique space, ...
After years of intense competition and multiple offers, Miami’s luxury real estate market has shifted in favor of buyers, creating new negotiation opportunities according to local experts Carolina Lopez and Katherine Lopez of ONE Sotheby’s International Realty. In a recent interview, the Lopez sisters discussed how market dynamics have changed and why they’re advising clients ...
Recent analysis of resident maintenance experiences is providing new insights into multifamily lease renewal patterns, according to Ray Hespen, CEO and Co-founder of Property Meld. In a recent interview, Hespen shared findings from research involving over 110,000 first-year leases, revealing how specific maintenance issues during the initial 90 days can significantly impact residents’ decisions to ...
In today’s real estate market, basic maintenance outweighs cosmetic upgrades, and even significant price reductions often fail to revive properties that linger on the market. According to Angie Heitzer of Summer House Realty, buyers are increasingly unwilling to consider homes that require immediate repairs, signaling a shift in how sellers should prepare their properties. “Once ...
B+E has developed a new method to address the persistent data gap in net lease real estate transactions, according to Camille Renshaw, CEO and Co-Founder. In a recent interview, Renshaw described how their strategy is improving market visibility for institutional investors. “To be honest with you, we didn’t set out to collect that data. We ...
Guest House has introduced a streamlined process for preparing homes for market, according to Alex Ryden, Founder and CEO of Guest House. In a recent interview, Ryden explained how their tech-enabled solution is improving the residential real estate sector by bringing multiple services onto a single platform. “Traditionally, to group all these services together, you’re ...
The residential market in Pensacola is undergoing a significant shift in pricing strategy effectiveness, according to veteran broker Alexis Bolin of Keller Williams Gulf Coast. With 47 years of experience, Bolin asserts that traditional markup pricing approaches are no longer working, while strategic competitive pricing is producing multiple offers even amid higher interest rates. “In ...
The Tampa Bay rental market is facing an affordability challenge, with nearly 10% of tenants unable to pay rent on time, according to local property management expert Lei Cheng. In a recent interview, Cheng discussed how rising costs and declining rental income are straining tenants, property managers, and homeowners. “Out of the 700 rentals we ...
A significant capital allocation mismatch is generating new opportunities in commercial real estate debt markets, according to Jimmy Zumot of Siguler Guff & Company. His analysis highlights a disconnect between where institutional capital is directed and where actual deal volume exists, a gap that experienced lenders are leveraging for higher returns. The numbers illustrate the ...
The hotel industry’s most overlooked profit center may be vendor contract optimization, a strategy generating significant cost savings for properties willing to leverage collective buying power, according to Jennifer Barnwell, Senior Vice President of Asset Management at Pebblebrook Hotel Trust. Barnwell and her team identified this opportunity when Pebblebrook acquired LaSalle Hotel Properties, more than ...
While much of Florida’s real estate market faces rising inventory and slower sales, Jupiter’s single-family home market is moving in the opposite direction, registering a 17.6% decrease in available homes compared to last year. According to Bradley Hurst of Illustrated Properties, this local trend stands out against the backdrop of a statewide slowdown. Statewide, inventory ...
Discount brokerages face strong resistance from traditional real estate agents, a conflict that goes beyond simple competition, according to David Corbitt, broker at 1 Percent Lists First Coast. Corbitt described a deep divide in the industry when established agents are confronted with lower-commission models. “For the real estate community, they hate us. They think we’re ...
The Dallas luxury real estate market is breaking with conventional buyer’s market patterns, according to Darwin Stephens, Owner and CEO of RADDR Group. Despite a 30% year-over-year increase in luxury inventory, high-end properties are outperforming other price ranges, challenging assumptions that more listings always favor buyers. Traditional real estate theory holds that when inventory reaches ...
Paso Robles’ wine country real estate market is undergoing a period of price adjustment that is opening new opportunities for investors, according to Brittany Malone Thompson, broker and realtor at Vineyard Professional Real Estate. In a recent interview, Thompson outlined how shifting market conditions and evolving consumer preferences are influencing property values and investment potential ...
