Industry News

The multifamily industry’s shift toward smart building technology has not matched the widespread marketing narrative. While “smart apartments” are frequently promoted, the actual integration of smart building systems in multifamily properties remains low, according to Lance Platt, President and CEO of Groove Technology Solutions. “It’s not marketing hype any longer. I think smart building technology ...

The South Florida real estate market is undergoing a notable transformation, with cash purchases increasingly driven by out-of-state buyers leveraging home equity from more expensive markets. This trend is altering local market dynamics and pricing, with significant consequences for Florida residents. Arkadiy Abdurakhmanov, a real estate agent with United Realty Group who has over 20 ...

The South Florida condominium market is experiencing a major crisis as maintenance fees soar, reshaping buyer behavior and property values. According to Arkadiy Abdurakhmanov of United Realty Group, the sharp rise in homeowners association (HOA) fees is making condos increasingly difficult to sell. Market Overview “When I came to the United States, the most expensive ...

The investment landscape for medical real estate is benefiting from changes demographics and in healthcare delivery, according to Cody Shandraw, President of Healing Realty Trust. The company has leveraged these to double its asset portfolio in nine months by focusing on a targeted niche within the medical real estate sector. Market Overview “The silver wave ...

Multifamily operators now face a decision similar to the hotel industry’s past approach to internet access: will smart building technology remain a premium amenity fee, or will it become a standard feature included in base rent? Lance Platt, President and CEO of Groove Technology Solutions, says the industry is experiencing this transition now. “Yes, yes ...

Short-term rentals are transforming from community concern to economic catalyst, according to Guesty CFO Gil Vassoly, who argues the sector creates ripple effects of prosperity throughout local neighborhoods. “Short-term rentals are actually a way to uplift the entire community, not just financially, but creating this atmosphere,” Vassoly says, pointing to emerging data on visitor behavior. ...

A notable shift in Southwest Florida’s buyer demographics is altering the local real estate landscape, according to Brett Ellis of Ellis Team – Keller Williams Realty Fort Myers. The combination of Canadian property owners leaving the area and the potential for political migration from northern cities is creating new demand patterns that many agents are ...

Arizona’s short-term rental market has seen a major shift, with most Airbnb investors leaving the platform due to oversaturation, according to Melissa Bailey, a real estate professional with Jason Mitchell Group. This marks a significant change from the pandemic-driven boom that made Arizona a prime location for vacation rental investments. “A lot of people are ...

A new trend is emerging in Orlando’s luxury real estate market, with the vast majority of high-end buyers actively steering clear of homeowners association communities, according to Yashmit Gutierrez, a sales associate at EXP Realty. This preference challenges the common belief that luxury buyers seek out managed communities with extensive amenities. “In my opinion, what ...

Arizona’s housing market is facing an unusual problem: even as inventory has surged 24.7% year-over-year, buyers are finding it harder than ever to make purchasing decisions. The abundance of available homes is overwhelming rather than assisting buyers, according to Melissa Bailey, a real estate professional with Jason Mitchell Group. “Even though we have a higher ...

A notable migration trend is transforming Orlando’s luxury real estate market, with California buyers increasingly opting for Central Florida over established high-end destinations like Miami. This shift is driven primarily by affordability, marking a change in luxury buyer preferences, according to Yashmit Gutierrez, a sales associate at EXP Realty specializing in the Orlando area. Market ...

First-time homebuyers in Arizona are increasingly backing out of contracts at the last minute due to anxiety over payments, leading to legal disputes and financial repercussions that go beyond losing a deposit. This shift in buyer behavior comes as higher interest rates create hesitation, even among those who are financially qualified. “We’ve had more first-time ...

Despite national housing market uncertainty, Palm Beach County’s luxury real estate market remains resilient due to continued wealth migration and strong fundamentals, according to one local agent. “The national average moving down to this area is like a quarter million a year average income,” says Jason Litt, Team Leader at Lokation Real Estate. “That’s pretty ...

A significant but largely overlooked shift is impacting commercial real estate as CVS and Walgreens properties hit the market in large numbers, according to Eric Proos, co-founder of Next Era Legal. The trend is not only about the volume of pharmacy closures, but also the innovative ways these sites are being repurposed by investors. “We’re ...

As traditional real estate marketing struggles to generate showings in an increasingly competitive market, geo-fencing technology is emerging as a significant tool for agents seeking more precise targeting. Adele Suddes, a real estate sales associate with CENTURY 21 Miller Elite, highlights how this technology addresses a persistent challenge in the industry: connecting the right buyers ...