In New Orleans, insurance costs are high, and homes are old. As Richard Hébert puts it, every house has “had a termite walking through it as a resident at one point.” Many sellers respond by playing down a home’s problems. Hébert, a luxury real estate advisor with Crescent Sotheby’s International Realty in New Orleans, says ...
In most Sun Belt relocation stories, the destination is Florida. North Carolina’s Triangle region shows a different pattern. Students arrive for university, stay for jobs, and start families. Then their parents follow. Dave Harney has nearly 20 years of real estate experience with Coldwell Banker Advantage in the Wake Forest area. He says this multi-generational ...
Buyers who stretch to win competitive bids on distressed properties often discover that banks will not renegotiate once a highest-and-best offer has been accepted. As a result, the deals collapse before closing. Bank-owned homes, known as REO properties, often draw multiple competing offers because lenders price them to sell quickly. That bidding pressure can push ...
Buildings that broke ground during the low-rate environment of 2020 to 2022 are completing at once. The resulting inventory surge is pressuring landlords who expected to hold pricing power. Philadelphia’s rental market is absorbing this wave of new apartment inventory. Developers set it in motion years ago, when they locked in favorable financing during the ...
In Chicago’s south and west suburbs, the typical distressed seller no longer fits the familiar profile. These homeowners are current on their mortgages. They haven’t lost jobs or taken on reckless debt. The pressure forcing them out is the property tax bill. Rising insurance premiums and HOA fees have compounded the problem, according to Aaron ...
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 ...
Rents in Chicago’s multifamily market are rising faster than in any other major U.S. market, according to Lawrence Dunning, a broker with The Dunning Team at Fulton Grace Realty. Yet buyers and sellers cannot agree on what buildings are worth. Rising construction costs and higher borrowing expenses have created a valuation standoff. Transaction volume is ...
Non-QM, short for non-qualified mortgage, refers to home loans that do not meet the strict criteria set by government-backed programs like Fannie Mae and Freddie Mac. Real estate investors often use this category when their income doesn’t fit conventional underwriting molds. Most non-QM investment loans are underwritten on a single question: does the property’s rental ...
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 ...
