In central Collin County, Texas, homes priced between $1.3 million and $1.6 million sold briskly during the 2020–2022 run-up. Now they linger on the market. The reason is not poor condition or weak marketing. The buyer who once dominated that price band has disappeared from both directions. When the Middle Disappears According to Sean Elliott, ...
Roughly one-third of residential inventory in Manhattan does not sell on its initial listing and instead cycles through multiple brokers, according to Nikolay Afanasyev, Founder and CEO of City Sphere Property Group, a boutique brokerage covering Manhattan and parts of Brooklyn. Afanasyev attributes the pattern primarily to sellers pricing properties above what the market will ...
A financing tool long reserved for community facilities has, according to one tribal housing official, been applied to tribal residential housing for what she describes as the first time. This could offset 20 to 25% of total project costs for tribes facing severe housing shortages and limited access to conventional capital. Alexandra Terry, Deputy Director ...
In a Chambersburg-area neighborhood where homes sell for $800,000 and above, one family bought a property for just over $400,000. The discount had nothing to do with location or structural problems. The home was missing a deck. That gap between purchase price and neighborhood ceiling illustrates a pattern Sally Chaplin, of The Chaplin Group, and ...
Washington, D.C. has two property markets operating under entirely different rules, sometimes within the same zip code. Upper northwest single-family homes are selling quickly while urban condos sit unsold for months, according to David Bediz, Founder and Team Leader of Bediz Group, LLC. The divergence has less to do with price than with who the ...
Manhattan relocators and first-time buyers are closing on properties in Queens and neighboring boroughs at prices that contradict the assumption that homeownership in New York City is out of reach. That’s true, but only when buyers look past the city’s most expensive zip codes. Most people outside New York City assume buying a home there ...
Homes in Philadelphia are taking longer to sell even though housing supply remains limited. The problem isn’t a supply glut. It’s a deepening mismatch between what buyers can afford and what sellers are asking. According to Alona Richardson, a Realtor at OCF Realty LLC, the disconnect is sharpest in the middle of the market, where ...
Military relocation buyers are moving steadily into the Katy and western Houston suburbs, and most agents on both sides of these transactions are underprepared for what that means, according to Niky Barker, Team Leader & REALTOR at Barker Group, Keller Williams Signature. The financing mechanics are specialized, the timelines are compressed, and the stakes for ...
Investor-renovated homes near downtown San Antonio are sitting unsold for months. The problem isn’t poor renovations or bad pricing. Too many investors targeted the same neighborhoods at the same time. According to Janet Wingrove, team lead and co-founder of Empire Real Estate Team at Keller Williams Heritage, areas that once looked like strong gentrification opportunities ...
Houston’s median sales price ranges from $324,000 to $342,000. These figures suggest a stable, affordable market compared to Austin, Dallas, or coastal metros. But according to Pedro Iznaga, Senior Agent at Redfin Corporation, those numbers hide a more complicated picture. The market doesn’t behave as one entity. It behaves as dozens of distinct micro-markets, each ...
Most people shopping for a home start with a mortgage calculator. They plug in a price, a down payment, and an interest rate, and out comes a monthly payment. In Texas, that number is often wrong, sometimes by hundreds of dollars a month, and buyers don’t find out until they’re already deep into a transaction. ...
It is tempting, when a listing has sat for a few weeks with no offers, to assume the price is wrong. In many markets, that instinct is correct. But in military-dependent markets like Hampton Roads, Virginia, a stale late-summer listing may not be a pricing problem – it may be a calendar problem, according to ...
In the western suburbs of Chicago, homeowners who list above market value, banking on the idea that a motivated buyer will negotiate down, are not just sitting on stale listings. According to Michael Berg, a broker covering DuPage County and parts of Cook County, those overpriced homes function as unpaid marketing for every competitively priced ...
Most first-time buyers in the outskirts of Los Angeles County assume they should wait for mortgage rates to drop before purchasing. But if home prices keep climbing while they wait, the savings on interest get erased by a higher purchase price, and the higher principal balance stays for the life of the loan. Gabriella Godde, ...
Scroll through listings in North Orange County, California, this fall and the market looks like it is softening: price reductions dotting the inventory, homes sitting longer than they did a year ago, sellers pulling back from their original ask. For buyers, it is tempting to read those cuts as a signal that values are falling ...
