Home purchases in Denver are increasingly collapsing just before closing, as buyers lose jobs in sectors once considered stable. This pattern is shifting the main barrier to homeownership from high monthly payments to concerns about income stability. Michael Brassem, broker associate and co-founder of 4S Residential Group at Coldwell Banker Realty, reports that failed transactions ...
Silicon Valley’s housing shortage is not solely a product of high construction costs or zoning restrictions. Linda Baker, founder of Milestone Realty in Silicon Valley, California, points to an overlooked factor: the federal capital gains exclusion, which has remained unchanged for 23 years. This policy is trapping aging homeowners in properties they cannot maintain or ...
Mercedes Brien, president of the New York State Commercial Association of Realtors and a commercial broker with Yaman Commercial, says out-of-state investors regularly pass on upstate New York commercial real estate because of the state’s reputation for high taxes, often without understanding what those taxes fund or how they support the fundamentals that make properties ...
Real estate developers now face challenges raising equity capital as private credit funds offer investors current-pay returns of 10% to 15%. These returns nearly match projected equity returns, with lower risk and faster payouts. Ryan Reich, Founder and Chief Investment Officer of Mountain Shore Properties, calls this “not a particularly attractive environment for raising equity ...
Investment activity in Denver’s residential market is rising, but experienced investors are avoiding the city’s best-known neighborhoods. Instead, Denver investors are focusing on adjacent areas that offer better risk-adjusted returns and lower entry prices than established neighborhood centers. Athena Brownson, Associate Broker at Your Castle Real Estate in Denver, says investor interest has grown even ...
San Francisco Bay Area nonprofit Habitat for Humanity Greater San Francisco has redesigned its Novato, California project after a 40% cost increase since 2019 made the original plan financially unworkable. The changes, prompted by rising lumber prices, higher labor costs, and regulatory fees now totaling millions per project, show how cost drivers directly shape affordable ...
South Florida’s condo market has entered a downturn, pushing many affluent buyers toward single-family homes. Jerry Lechter, sales associate at Stellar Communities Realty LLC, says the financial case for condo ownership has weakened and no longer appeals to buyers seeking long-term wealth. Rising costs, limited ownership rights, and structural disadvantages are driving this shift. These ...
High-end home sales in South Orange County, California, are holding steady, even as rising interest rates make it harder for most buyers to afford lower-priced homes. According to CaLee McManus, founder of Monarch Real Estate, luxury buyers in South Orange County are largely insulated from the financing challenges that have slowed the broader market. Luxury ...
Extended lease-up periods for newly constructed self-storage facilities are creating a mismatch between construction-loan expectations and the realities of securing permanent financing, according to David Smyle, Vice President at Pacific Southwest Realty Services in California. What was once an 18-to-24-month stabilization period has now stretched to 24-to-36 months. Developers are adjusting financing models and, in ...
Major hotel companies such as Marriott, Hilton, and Hyatt are increasingly expanding by acquiring established boutique hotel chains rather than developing new properties. This strategy allows brands to quickly increase their room count and market presence, avoiding the lengthy and costly process of ground-up construction. Ryan Reich, Founder and CIO of Mountain Shore Properties, explains ...
Median-priced condos purchased at the peak of Austin, Texas’s 2022 housing boom have lost value. Average rents have dropped from $2,400 to $1,900 per month, according to Kasey Jorgenson, broker and founder of Jorgenson Real Estate. The downturn has created a glut of rental inventory. Owners unable to sell at acceptable prices have turned to ...
A surge in post-wildfire insurance costs and new short-term rental bans have created a glut of Maui, Hawaii, condominiums with few qualified buyers, according to Mino McLean, broker with Island Sotheby’s International Realty. The shift, driven by the August 2023 Lahaina wildfires and the passage of Bill 9, has left thousands of units effectively out ...
Hiring by AI startups is driving strong rental demand in San Francisco. Monthly rents have reached $10,000 to $15,000, outpacing the effects of layoffs at larger tech firms. According to Cynthia Kellogg, Co-Founder and Residential Agent at Best Coast Collective, this trend is creating a two-tier market. It is raising rental prices and converting renters ...
The common belief that rising interest rates are keeping homeowners from moving may overlook a key reality, according to David Newcombe, Co-Founder and Associate Broker at Compass Arizona. Newcombe says many homeowners who locked in low mortgage rates have since taken on additional debt through home equity lines and other borrowing, raising their effective debt ...
In Monmouth County, New Jersey, sellers are increasingly unwilling to negotiate on repairs or price reductions, causing deals to fall apart when buyers expect the leverage they had two years ago. Paul Kaminski, a broker associate with Keller Williams Sports + Entertainment, recently lost a transaction after a buyer requested concessions for mold remediation. Kaminski ...
