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 ...
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 ...
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 ...
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 ...
Investor-renovated homes near downtown San Antonio are sitting unsold for months. The problem isn’t poor renovations or bad pricing. Too many investors targeted the same neighborhoods at the same time. According to Janet Wingrove, team lead and co-founder of Empire Real Estate Team at Keller Williams Heritage, areas that once looked like strong gentrification opportunities ...
While luxury condos and Class A multifamily properties dominate Miami’s real estate headlines, a different investment strategy is generating stronger returns for investors in the region. Lawrence Resnick is a Realtor at The Paz Group who focuses on commercial and multifamily transactions across Miami-Dade and Broward County. He says the properties producing the best yields ...
Houston’s median sales price ranges from $324,000 to $342,000. These figures suggest a stable, affordable market compared to Austin, Dallas, or coastal metros. But according to Pedro Iznaga, Senior Agent at Redfin Corporation, those numbers hide a more complicated picture. The market doesn’t behave as one entity. It behaves as dozens of distinct micro-markets, each ...
Most people shopping for a home start with a mortgage calculator. They plug in a price, a down payment, and an interest rate, and out comes a monthly payment. In Texas, that number is often wrong, sometimes by hundreds of dollars a month, and buyers don’t find out until they’re already deep into a transaction. ...
It is tempting, when a listing has sat for a few weeks with no offers, to assume the price is wrong. In many markets, that instinct is correct. But in military-dependent markets like Hampton Roads, Virginia, a stale late-summer listing may not be a pricing problem – it may be a calendar problem, according to ...
Most first-time buyers in the outskirts of Los Angeles County assume they should wait for mortgage rates to drop before purchasing. But if home prices keep climbing while they wait, the savings on interest get erased by a higher purchase price, and the higher principal balance stays for the life of the loan. Gabriella Godde, ...
Scroll through listings in North Orange County, California, this fall and the market looks like it is softening: price reductions dotting the inventory, homes sitting longer than they did a year ago, sellers pulling back from their original ask. For buyers, it is tempting to read those cuts as a signal that values are falling ...
The common narrative around Joshua Tree is that the market is drowning in vacation rentals, too many Airbnbs chasing too few guests. But in a market that still draws over three million visitors a year, the vacancy problem may have less to do with how many rentals exist and more to do with what owners ...
Selling a home is supposed to be the exit strategy. But for a growing number of homeowners in Las Vegas, the math on a sale does not work right now, and the result is a wave of reluctant landlords entering a rental market that punishes inexperience. Corinne Gordon, a Realtor and co-owner of Hive Real ...
