In New Jersey’s residential market, buyers are routinely paying more for properties even when identical or better alternatives are available at lower prices. This repeated disregard for a core principle in real estate appraisal, known as the principle of substitution, raises questions about how buyers evaluate homes and what drives their decisions. According to Lilly ...
In New York’s Hudson Valley, you might expect high mortgage rates – now hovering around 6% to 7% – to push more people into renting. Instead, landlords are cutting rents, offering move-in specials, and watching units sit vacant for weeks. At the same time, homes priced under $500,000 are still selling quickly, with many going ...
Walk through any Silicon Valley neighborhood today, and you’ll spot a clear pattern: some homes sell within days, attracting multiple offers, while others linger for weeks and see price cuts. This divide is not random. The market has split into two distinct segments, each with its own rules and pressures. The dividing line is $3 ...
After several years in which buyers routinely accepted unfavorable contract terms and absorbed costs that traditionally fell to sellers, the balance in South Jersey real estate negotiations is beginning to shift. Matt Donnelly, a Realtor with Century 21 Alliance in Gloucester County, reports that buyers are no longer automatically agreeing to extra costs or conditions ...
St. Paul’s effort to revive its downtown is built around a nonprofit development corporation that takes on projects private developers have deemed too risky or unprofitable. This approach, modeled after similar strategies in other cities, signals a new way for distressed urban markets to begin recovering when traditional investment stalls. After the pandemic, the expectation ...
The Bay Area housing market has split into two sharply different tracks. Single-family homes priced above $2 million are now selling for more than their 2022 peaks, while condos and townhomes in some areas have dropped as much as 30 percent from their highs. According to Spencer Hsu, Team Lead at eXp Realty, this divide ...
In Florida’s Cape Coral, a 1978 ranch with brown siding sits next to a brand-new build with gray modern finishes. Both are priced similarly, but the new construction is very likely the one that will sell first. The reason comes down, at least partly, to supply. Cape Coral’s vast inventory of buildable lots — roughly ...
Bay Area single-family home prices have reached new records despite high interest rates, defying national trends and challenging the traditional belief that mortgage costs are the primary force behind real estate markets. According to Spencer Hsu, Team Lead at eXp Realty of California, Bay Area buyers are largely insulated from rate fluctuations because their purchasing ...
If you looked only at agents’ appointment books and weekend open houses, you might think the housing market was finally picking up steam. Mortgage-rate cuts have improved buyer confidence and increased market activity. The problem is that – at least so far – that activity hasn’t translated into increased sales. Rates have slipped somewhat from ...
Philadelphia is experiencing a reversal in migration trends. Empty nesters who moved to the city before the pandemic are now returning to the suburbs. This shift reflects changing perceptions of city living since COVID-19 and growing concerns over public school quality, both of which are contributing to higher condo turnover and reduced demand for urban ...
Buyer activity in New Jersey shore communities has declined sharply over the past four years. Properties that once attracted 20 to 30 competing offers now typically receive only two or three serious bids. Steven Kozusko, a Realtor with CENTURY 21 Thomson & Co., says this steep drop in competition is changing how deals are made ...
Extended delays in Brevard County’s planning process are forcing developers to commit to land purchases long before they know if their projects will be viable under future market conditions. The result is a growing mismatch between when developers sign purchase agreements and when they can actually break ground. This challenge is reshaping how deals are ...
International real estate developers entering the US market face a capital access barrier unrelated to their financial strength or project quality. The main obstacle is not underwriting standards but the relationship-driven nature of US lending, which prioritizes local track record and trust over foreign credentials. US lenders evaluate foreign developers as unproven operators, regardless of ...
As artificial intelligence becomes capable of replicating voices, generating content, and creating convincing digital personas, real estate professionals with authentic personal brands and industry credibility hold a clear advantage that AI cannot easily duplicate. James Huang, Managing Director of Commercial Real Estate at RESAAS Services Inc., says the rise of AI-generated content is making trust ...
Scottsdale’s luxury real estate market is undergoing a decisive shift in what buyers value most. Location now eclipses traditional metrics like square footage and bedroom count. Kevin Weil, Associate at RE/MAX Excalibur, reports that affluent buyers are paying premiums for homes near urban centers such as Old Town and Kierland. At the same time, properties ...
