The latest real estate industry news and announcements
Florida’s post-Surfside condominium safety laws are placing new financial and regulatory burdens on condo owners, fundamentally altering the residential market across South Florida. John Clarke, founder of Clarke Law PA and an attorney experienced in estate planning and real estate transactions, outlines how these changes are driving up costs and forcing many owners to reconsider ...
The real estate market in the Philadelphia suburbs is undergoing a geographic expansion as affordability concerns and new development push buyers beyond traditional boundaries. Jean Simcox, a realtor with Exceed Realty, says that rising prices and new construction are redrawing the map for both homebuyers and investors. Simcox works with many buyers who quickly realize ...
Real estate investors continue to leave money on the table – or create unexpected tax bills – by mistiming their cost segregation strategies, according to Brian Kiczula, a specialist with CostSegRx. Kiczula says the biggest issues stem from weak planning and misunderstandings about how accelerated depreciation interacts with broader tax strategies. The Disposition Planning Gap ...
Miami’s ultra-luxury market continues to operate under tight inventory conditions, but condos and single-family homes are behaving very differently, according to Cyril Bijaoui, Principal at Longstead at The Corcoran Group. With more than two decades in luxury real estate and over $1 billion in closed sales, Bijaoui says understanding these distinctions is essential for buyers ...
Rhode Island’s real estate boom may be setting the stage for a market correction, according to leading coastal broker Matthew Antonio, broker/owner at Corcoran Chart House Realty, who warns that rapid price growth is increasingly shutting local residents out of homeownership. Antonio says the affordability crisis is already evident, noting that it has become increasingly ...
For decades, the self-storage industry has relied on a simple rule of thumb: a healthy market should have about eight square feet of storage space for every resident in a given area. The formula has guided billions of dollars in development and investment decisions, offering a quick way to gauge whether a market is underbuilt ...
Historic preservation developers are making a critical error that’s costing them time, money, and project viability, according to one industry expert who has processed over $1.3 billion in historic tax credit projects. Michael Puma, Principal and Project Manager at Preservation Studios, says the most frequent mistake he encounters is developers engaging preservation consultants too late ...
Florida’s housing shortage is far worse than most people realize, and local governments are making it worse through policies they don’t understand are directly inflating home prices, according to Tim Weisheyer, president of Florida Realtors. “There’s an undersupply of housing,” Weisheyer says, citing National Association of REALTORS research showing America needs 5.5 million more homes ...
Small-lot industrial development has been systematically abandoned by major developers, creating artificial scarcity in a critical market segment. The Richmond metro area just delivered its first new industrial park in two decades, and according to Michael Mayhew, Vice President at Commonwealth Commercial Partners, this 20-year gap exposes a fundamental flaw in how institutional capital allocates ...
Madison’s residential market is confronting one of the most severe housing shortages in the Upper Midwest, with new construction consistently trailing far behind rapidly expanding household demand. According to Charlie Wills, founder and lead broker at The Wills Agency, the scale of the shortfall has reached a point where current building patterns cannot meaningfully reduce ...
Epic Systems, Madison’s largest private employer, operates with a high-churn employment model that has significant implications for both its internal productivity and the surrounding housing market, according to Charlie Wills, founder and lead broker at The Wills Agency. Epic’s roughly 25% annual turnover rate creates an environment of constant onboarding and offboarding, affecting organizational continuity ...
St. Joseph’s housing market is using a state incentive program to address local housing shortages and support development, according to Kelly Ewalt, Development Director for the city, St. Joseph. Ewalt recently outlined how Michigan’s brownfield tax increment financing (TIF) program is helping developers overcome cost barriers and increase housing supply. Ewalt clarified that Michigan’s brownfield ...
Lake Homes Realty has developed a targeted approach to address the long-standing fragmentation of waterfront property data, according to CEO Glenn Phillips. Phillips described how the company’s solution is improving transparency and access in the recreational real estate sector by consolidating listings that are often scattered across multiple systems. Phillips, who shifted from software engineering ...
Lake Homes Realty, the nation’s largest lake-focused brokerage, is aiming to change how waterfront property transactions are handled, according to CEO Glenn Phillips. In a recent interview, Phillips described the company’s strategy for consolidating fragmented waterfront markets and addressing persistent challenges in specialty real estate. Phillips, who moved from software engineering to real estate entrepreneurship, ...
The Northwest Arkansas real estate market is showing signs of a significant shift in negotiating power, according to Jaclynn Vienola, a realtor with New Vision Real Estate. After years of sellers setting terms with little resistance, Vienola reports that buyers are now pushing back more forcefully, indicating a move away from the region’s long-running seller’s ...
