Housing affordability is the standard explanation for rising rental delinquency, and it is accurate but incomplete. Stagnant wages and rising housing costs are squeezing tenants, but according to Dana Dunford, CEO and co-founder of Hemlane, a property management platform serving landlords with one to 250 rental properties, a less discussed factor is compounding the problem: ...
San Jose’s housing market carries an average sale price near $2 million, but that figure obscures a sharp divide in outcomes. Homes that are well-prepared and well-priced still draw multiple offers. Homes that aren’t sit, and a growing number of frustrated sellers are canceling their listings rather than adjusting, according to Kip Barnard, a 22-year ...
The towns wedged between Newark and Jersey City – Kearny, North Arlington, Harrison, Belleville, don’t generate the same national attention as their larger neighbors. But for buyers priced out of New York City and looking for a short commute via PATH train, bus, or turnpike, this cluster of communities has become a landing zone. The ...
Homebuyers in the western Houston suburbs are seeing more inventory than they’ve had in years, but their budgets aren’t stretching as far as they once did. With resale homes in the Katy area averaging 61 days on the market and conventional mortgage rates near 6.7%, the gap between what new construction can offer, particularly to ...
Philadelphia’s residential market has entered a period where the margin for error on listing price has narrowed considerably. Properties priced at market value and presented well are still moving within days. Properties priced even slightly above what the market will bear are sitting, and the longer they sit, the harder they become to sell. That ...
In a metro area long defined by the stability of federal employment, the Washington, D.C. real estate market is splitting along lines that track closely with buyer mobility. Single-family homes in the District’s upper northwest neighborhoods are still selling quickly. Condos in historically strong areas like Dupont Circle and Logan Circle are sitting. And roughly ...
Homeowners across San Antonio and much of Texas are discovering that what worked two years ago no longer applies. Inventory in the metro has climbed sharply, new listings have surged, active supply has pushed past 10,000 in Bexar County, and homes are sitting well beyond the pace sellers grew used to during the post-pandemic run-up. ...
Philadelphia’s residential market has long been known for its relative price stability, modest gains in good years, modest declines in bad ones. But that evenness is masking a widening gap between two buyer pools operating under very different conditions. Homes priced between $700,000 and above a million dollars are moving faster than properties in the ...
In most American markets, holding a property for ten or twelve years builds a cushion of equity. In Manhattan, that assumption no longer holds across large segments of the market, according to Nikolay Afanasyev, Founder & CEO of CITY SPHERE Property Group, a boutique brokerage covering Manhattan and parts of Brooklyn. Rising building carrying costs, ...
For most of the past decade, buyers in New York City’s outer boroughs focused first on finding a home they could afford, then figured out how to pay for it. In Queens, that sequence is reversing, according to Jonathan Ettricks, a Realtor with Berkshire Hathaway HomeServices Laffey International Realty who works across Queens, Brooklyn, the ...
Most housing developers treat infrastructure as a line item. For the Tohono O’odham Nation in Southern Arizona, the second-largest land-based tribe in the United States, with a reservation roughly the size of Connecticut, infrastructure regularly consumes up to 50% of total project costs. That figure reshapes every assumption about what it costs to build affordable ...
Sourcing materials for a $50 million construction project typically takes two to three months. For billion-dollar developments, that timeline stretches to six months. Architects must specify thousands of individual products, from facade panels to door handles, then email dozens or hundreds of suppliers, compare specifications manually, and negotiate pricing through email chains, PDF spec sheets, ...
For buyers waiting on the largest purchase of their lives, the appraisal process is one of the last black boxes in a home purchase. Turnaround time isn’t a single number; it’s the sum of scheduling, inspection, report production, quality review, and any revision cycles that follow, and thin appraiser panels and uncontrolled revision cycles are ...
For years, the national conversation about real estate migration has centered on Sun Belt destinations. A different pattern is forming in western Pennsylvania. Pittsburgh’s combination of affordable housing, healthcare employment, and a growing tech sector is pulling buyers from states like Utah, Nevada, and California, not as a temporary relocation trend, but as a deliberate ...
Chicago’s south suburban housing market presents an unusual tension: demand remains steady, appreciation runs between 3 and 5 percent annually, and inventory stays tight across price points. Yet within that same market, a growing number of homeowners are being forced to sell, not because values have dropped, but because property tax increases have made their ...
