Rising inventory in Northeast Florida has changed how real estate agents approach pricing, according to Shelby Hodges, team leader at The Shelby Hodges Group in St. Augustine. Instead of setting a firm listing price based on their expertise, agents now present sellers with a data-driven price range and allow them to choose the final number, ...
Earlier this year, an overseas property owner discovered a costly breakdown in communication with his Miami property manager. After weeks without updates or rent transfers, he learned the manager had covered building expenses out of pocket and was redirecting rent to reimburse himself—without informing the owner. The dispute ended up in court, but the situation ...
A significant pricing war is taking shape in Florida real estate markets, as builders use deep discounts and below-market mortgage rates to move inventory. This strategy, according to veteran realtor Bob Ruiz of Ruiz Group SRQ at William Raveis Real Estate, has created a market where homeowners who bought in the past two years cannot ...
A practical solution to Connecticut’s housing shortage is gaining traction in Danbury: converting vacant or underused hotels and motels into apartments. Waleed Albakry, Planning Director for the City of Danbury, says the city is among the top municipalities in Connecticut for this type of adaptive reuse, turning long-closed hotel properties into new residential buildings with ...
High mortgage rates and persistent home prices are forcing buyers in Northern Virginia to reconsider where they can afford to live, according to Desiree Rejeili, Principal/Owner of Desiree Sells Homes LLC. Rejeili, who works with buyers across the region, says that neighborhoods once considered the default for move-up buyers, such as Arlington and Alexandria, are ...
Suburban real estate values are being redefined, according to Connecticut broker Todd Gibbons, who says the longstanding appeal of rural seclusion has given way to a new priority: paying more for homes and condos within walking distance of shops, restaurants, and downtown amenities. Gibbons, Founder and Principal of Boost Real Estate Group, points to recent ...
Grande Prairie, Alberta, is facing an unprecedented housing shortage that has upended the way homes are bought and sold. Active listings have collapsed from 410 single-family homes to just 61, according to Chris Cline, a leading Realtor at Grassroots Realty Group who has tracked the market for nearly 20 years. With a population of about ...
Fort Wayne city officials were given a bold promise by Swa, a global planning and landscape architecture firm: invest in top-tier public riverfront spaces, and private developers will respond with nearly $10 of private investment for every public dollar spent. Alec Johnson, Deputy Director of Redevelopment for the City of Fort Wayne, says that prediction ...
The Southwest Florida luxury market has spent the past three years doing something that might look like stagnation: sales volumes have returned to pre-pandemic levels, prices have stabilized, and homes are taking longer to sell. Compared to the frenzy of 2021, this market has lost momentum. But Mary Bartos, team leader at The Bartos Group ...
Colorado’s new tenant protection laws, enacted in spring and summer 2024, are driving many small landlords out of the rental market, says Christine Belin, a Denver-based real estate broker at Evernest. While these laws aim to protect renters, Belin argues they are forcing mom-and-pop landlords, those who own just one or a few properties, to ...
Demand for large, sprawling homes in the Hudson Valley is falling, and the decline extends beyond affordability. Instead, an apparent change in buyer preferences is driving investors and developers to rethink residential projects throughout the area. Susan Onderdonk, a real estate salesperson with Howard Hanna Rand Realty who has worked in the Greenwood Lake area ...
Florida’s single-family rental market is facing a breakdown in investment viability as insurance, property tax, and HOA fee increases have outpaced rental income growth, according to William Ward, founder of A-Ward Winning Realty. Ward says these rising costs have made it nearly impossible for investors to achieve positive cash flow, forcing many to abandon the ...
Tampa Bay’s housing market is sending mixed signals. The region currently leads the nation in foreclosures, yet new construction continues to see steady sales and builder profits. This contrast highlights a widening gap between existing home sales and the latest construction segment, with builders using pricing flexibility and creative financing to maintain momentum as the ...
Existing homes around $800,000 are now at a structural pricing disadvantage in North Florida, and price reductions alone cannot bridge the gap created by a surge in new construction, according to John Richardson, Global Real Estate Advisor at ONE Sotheby’s International Realty. The rise of builder inventory is dividing the market, leaving many sellers of ...
Vacation rental deals in Gatlinburg are increasingly collapsing during the home inspection phase, according to Deanna Workman, a Realtor with Century 21 Legacy GP. But Workman says this trend reflects more than just routine inspection issues. Instead, it points to a pattern of investors underestimating actual property costs, then using inspection contingencies to back out ...
