The residential real estate industry is consolidating transaction activity among a shrinking share of agents, while most licensees have no active business. Ricky Carruth, Chief Housing Analyst at RLTYco and a former top-producing agent, says this change has become both dramatic and rapid. Ten years ago, 82 percent of agents managed at least two active ...
Ultra-luxury branded developments in South Florida are selling faster than unbranded boutique projects, according to agents working in the region’s condo market. This divide has become clear enough that developers without major hospitality brands attached to their buildings are facing slower sales and increased buyer hesitation, even when offering exclusivity, limited unit counts, and desirable ...
Agents report steady luxury demand and multiple offers in top Baltimore neighborhoods, even as national headlines focus on public safety concerns. Baltimore’s image problem is creating a gap between perception and reality that often overshadows the city’s economic progress. While national media coverage highlights crime rates and urban decline, real estate agents working in Baltimore’s ...
Toronto’s condominium market is facing a sharp collapse in new supply. Pre-construction starts have plunged from around 35,000 units annually to just 500, according to Andy Taylor, Senior Vice President of Sales at Sotheby’s International Realty Canada. This 98.6 percent decline is the direct result of overlapping government policies aimed at cooling affordability pressures and ...
General contractors often underestimate the true cost of managing subcontractor compliance and insurance requirements. This leads to hidden losses that reduce project margins. According to Nyasha Gutsa, Co-Founder and CEO of Billy, most contractors allocate insurance premiums across projects but overlook the staff time required to manage compliance documentation. Contractors typically divide company insurance costs across ...
Atlantic City’s residential real estate market is changing, moving beyond its casino image to offer new opportunities for middle-class buyers. Eric Millstein, Real Estate Associate at Soleil Sotheby’s International Realty, points to a surge of new construction projects that make waterfront and bayfront living possible at price points previously out of reach for most buyers. ...
Home sales in the New Braunfels-San Marcos corridor are slowing sharply as new construction incentives draw buyers away from the resale market. According to Yitzchak Pierson, broker associate at eXp Realty, half of all homes listed in the area have been on the market for more than 60 days, with some sitting for up to ...
Massachusetts has enacted a regulation requiring all homebuyers to conduct inspections, ending the practice of waiving them in purchase offers. Chuck Silverston, Team Lead at The Chuck Silverston Team with Gibson Sotheby’s International Realty, says the change has removed a key tactic buyers once used to gain an edge in bidding wars. “Massachusetts now has ...
Over the past decade, food halls emerged as one of retail real estate’s most promising formats — a way to activate large spaces, attract foot traffic, and give independent food operators a lower-risk entry point. The format spread quickly, from major urban centers to secondary markets, and many have thrived. But a significant number have ...
Declining values in Miami office properties have made adaptive-reuse conversions financially viable for the first time in years. This opens new opportunities for developers as construction costs rise and the demand for affordable housing grows. Doug Ressler, Director of Business Intelligence at Yardi Matrix, explains that declining office values, high construction costs, and strong housing ...
Chicago’s suburban office market is splitting sharply. High-quality Class A buildings attract tenants willing to pay more for better space. Meanwhile, Class B and C properties are declining rapidly and may disappear within the next decade. This is not a uniform market downturn but a separation based on building quality, according to Gordon Lamphere, Vice ...
Residential deal cancellations in Connecticut have increased 20 to 25 percent year over year, according to Michael Calabro, Broker/Owner & REO Director at Coldwell Banker Calabro & Associates. Unlike previous years, the primary driver is buyer psychology rather than financing or appraisal issues. In a competitive, low-inventory market, buyers are waiving inspections and stretching their ...
The Atlantic County, NJ real estate market is facing a severe affordability crisis. Longtime residents and their children are increasingly unable to buy homes in the communities where they grew up. Jessica Tolan, Sales Associate at Farley & Ferry Realty, attributes this to limited land supply, strong demand from affluent second-home buyers, and investors seeking ...
A growing number of Chicago buyers are treating property purchases as investment opportunities rather than lifestyle decisions, according to Lourdes Fernando, a realtor with Keller Williams ONEChicago who specializes in veteran buyers and owns multiple multi-unit properties. Fernando says this change is reshaping how agents advise clients and structure deals. More buyers now prioritize rental ...
Material and labor cost increases in Idaho’s Treasure Valley have fundamentally changed the fix-and-flip and value-add real estate landscape. Since 2020, construction costs have risen 50 to 60 percent, pushing investors to abandon traditional cosmetic renovations in favor of deeper value-add projects that justify higher expenses. Chris Wolford, Team Leader at Green Pine Homes Idaho, ...
