You’ve finally found the Manhattan apartment that checks all your boxes. The price fits your budget, the location is ideal, and you’re ready to make an offer. Yet, the deal unravels — and almost always for the same two preventable reasons: moving too slowly, and working with attorneys and lenders who don’t know the Manhattan ...
California’s mountain resort communities are seeing a significant change in who lives there and how homes are used. For decades, Big Bear followed an 80/20 rule: about 80% of homes were owned by part-time residents, with only 20% occupied by full-time locals. According to Mark Dolan, broker at RE/MAX Big Bear, this ratio is now ...
A growing number of East Bay, California, home buyers are searching for properties that serve both child-rearing and elder care needs, according to Victoria Bell, a realtor with Better Homes and Gardens Real Estate in Berkeley. This focus on multigenerational living is changing what buyers consider desirable in affluent markets, as families seek homes that ...
Property values along the South Jersey Shore, New Jersey, continue to rise even as the number of sales drops sharply. This pattern is driven by long-term inventory constraints rather than typical demand cycles. According to Gerard Rosenberger, co-owner and sales associate at Marketplace Realty, transaction volume has fallen to just 50-60% of pre-pandemic levels. Still, ...
Waterfront property development in northern Michigan faces structural obstacles that keep inventory tight, according to Sander Scott, broker and owner of Net Real Estate. Shoreline in Leelanau, Grand Traverse, Benzie, and Antrim counties is restricted by federal and state parks, land conservancies, and environmental regulations governing wetlands and critical dunes. In areas where private ownership ...
Properties listed above market value are creating a new class of distressed sellers who end up accepting lower offers than they could have received with competitive initial pricing, according to Patrick Gorman, team leader at the Gorman Group Realtors at Keller Williams Main Street. This marks a clear shift in pricing strategy, as the traditional practice ...
Sellers in New York’s Hudson Valley are discovering an uncomfortable truth: record home prices don’t guarantee a quick sale. The median has climbed to an all-time high of $350,000, yet homes are lingering on the market, offers are getting scarce, and the bidding wars of the pandemic years are gone. For buyers, that’s good news. ...
Litchfield County, Connecticut, is known for its classic New England colonials and 18th-century farmhouses, many of them lovingly restored. But in today’s market, a clear divide has emerged: move-in-ready antique homes are selling quickly, while properties needing renovation are lingering unsold. For buyers looking for a weekend retreat or a family home near one of ...
Open a front door at a Bergen County open house today, and you’ll likely find a crowded sign-in sheet, buyers submitting offers within days, and sellers fielding multiple bids on homes under $800,000. While much of the country has shifted to a slower, more balanced housing market, Bergen County remains firmly in seller’s territory. Homes ...
Media narratives about all-cash purchases, unemployment, and a California exodus often misrepresent conditions in Silicon Valley’s luxury residential market, where local trends differ sharply from national patterns. Hiep Nguyen, Team Lead at Hiep Nguyen Group at Christie’s International Real Estate Sereno, says the biggest challenge facing Los Altos, California, buyers and sellers is the misapplication ...
Inspection-related problems are the leading cause of failed real estate deals in Northern New Jersey, with sewer line cracks and other structural issues stopping transactions even after buyers and sellers have agreed on price and terms. According to Joseph Scotto, a realtor at CENTURY 21 Cedarcrest Realty in Morris County, New Jersey, the highly competitive ...
Ask a New Orleans resident where the next up-and-coming neighborhood is, and you’ll likely get several different answers. Still, a handful of areas across the metro are drawing increasing attention at open houses, among investors, and from locals seeking value. These are the places where new development, business openings, and a sense of renewed energy ...
Lease-to-own housing often conjures up cautionary tales: families losing deposits, deals falling apart, or contracts that turn out to be unenforceable. Those risks are real — and so are some less-discussed financial drawbacks. Buyers should know going in that lease-to-own typically costs more than a conventional purchase, and that option fees and rent credits can ...
For years, real estate investors in New Jersey have focused on established luxury markets, betting on brand recognition and top school districts to deliver steady returns. According to Jason Kunzman, Sales Associate at Signature Realty NJ, the best returns now come from neighborhoods that much of the market still overlooks, including Jersey City, Paterson, and ...
Small investors are retreating from the rental property market. Higher interest rates and elevated prices have made it nearly impossible to achieve a monthly cash flow in many secondary markets. In the Salem-Keizer area, investors who once relied on steady rental income are exiting, according to Hannah Fouts-Sparks, Team Leader at Sparks Property Group. Current ...
