A fundamental shift in buyer behavior is disrupting the traditional property ladder progression in Canadian real estate, according to industry veteran Michael Phinney, President and CEO of Phinney Real Estate. This disruption is creating a ripple effect throughout the market, affecting everything from entry-level condos to luxury properties. The Stalled Domino Effect “There’s sell first, ...
A concerning trend is emerging in Canada’s luxury real estate market as high-net-worth homeowners increasingly look to leave the country, according to Michael Phinney, President and CEO of Phinney Real Estate, one of Royal LePage’s top five teams in Canada. The Tax-Driven Exodus “This year, I’ve heard more than before, there’s a lot of people ...
While luxury buyers chase turnkey properties in Greenwich’s competitive market, they’re overlooking significant opportunities in land development, according to Danielle Claroni, Senior Global Real Estate Advisor at Sotheby’s International Realty. “There are parcels available, and some of them are in really fantastic neighborhoods,” Claroni says. “But people don’t want to wait the two years it ...
Dearborn’s housing market is facing unprecedented demand driven by unique cultural factors, with capacity to immediately absorb thousands of new units, according to Angela Fortino, Deputy Director of Economic Development at the City of Dearborn. “We can absorb 1,500 units in the next 10 years easily, like we could use them now today. On top ...
A significant transformation is underway in Florida’s vacation rental market, with dramatically falling returns forcing investors to reconsider long-held strategies, according to one local real estate expert. “We are 30% down this year from last year on sales and numbers,” reports Olivia Catanese, team leader at Coldwell Banker‘s 30A division. “Rental projections were making maybe ...
Despite economic headwinds and market uncertainty, home renovation demand remains surprisingly resilient, according to Block Renovation CEO Julie Kheyfets, who says certain segments of the market are showing particular strength. “Bath and kitchen remodels are always the workhorses of the renovation market,” Kheyfets says, referring specifically to major remodels involving general contractors and potential plumbing ...
A Maine-based real estate leader has pulled back the curtain on what he calls a “three-legged stool” approach to developing genuine market expertise, a system he says has helped his independent brokerage thrive against larger competitors. Dennis Hilton, President of Newcastle Realty, says his firm’s success stems from a rigorous approach to market knowledge that ...
The devastating impact of recent wildfires and extreme weather is driving a fundamental shift in how homes are being built, with resilience becoming as important as sustainability, according to green building expert Izumi Tanaka, host of the podcast Home Green Homes. “People are really looking at building it, not only from the sustainability standpoint, but ...
A Pennsylvania real estate professional is sounding the alarm about the loss of historic properties, arguing that the industry needs to shift its focus toward preservation rather than demolition. “I see so many historic properties being torn down and the items inside just being tossed or dumped into landfills,” says Alan Moose, a Realtor with ...
The path to success in real estate requires more than just getting licensed and hanging a shingle, according to a Pennsylvania agent who made his own dramatic career pivot after decades in counseling and education. “Be courageous and don’t get disheartened when it doesn’t happen immediately,” advises Alan Moose, now a Realtor with Berkshire Hathaway ...
While much of Florida’s real estate market grapples with declining sales and price corrections, one segment remains remarkably resilient according to local experts: properties near military installations. “Military stays really, really solid. If you’re an agent that works with military, you’re still doing really well,” says Olivia Catanese, team leader at Coldwell Banker‘s 30A division. ...
A dramatic shift toward new construction is reshaping Florida’s real estate market, driven largely by buyers seeking to avoid escalating insurance costs on older properties, according to one local expert. “What we’re seeing is people, families want new construction, they want lower insurance,” says Olivia Catanese, team leader at Coldwell Banker‘s 30A division. “With these ...
While many independent brokerages struggle to compete in an increasingly digital real estate landscape, one Maine firm has found success by combining traditional community presence with cutting-edge technology, and refusing acquisition offers from national franchises. “We’re one of those independent firms that loves Main Street foot traffic in a day when everything is digital,” says ...
A veteran New Jersey real estate expert argues that determining the right listing price has become increasingly complex, with seller expectations often working against their own interests in today’s market. “The biggest challenge is that discussing and agreeing to a launch price with a seller is one of the biggest challenges,” says Mark Slade, CEO ...
Vail’s luxury real estate market is being driven by more than just skiing, with international buyers and world-class cultural amenities creating year-round demand, according to a leading local broker. “There are certain times of the year, like around Easter, that you hear more Spanish on the streets than you do English,” says Mark Gordon, Owner/Broker ...
