The typical first-time homebuyer in America is now 40 years old, according to data from the National Association of Realtors cited by Sam Ratner, a Connecticut-based broker and team leader at CTproperties with Keller Williams Realty. Ratner notes that most of these buyers are women, a shift he attributes to a widespread lack of education ...
Manhattan’s residential inventory has fallen to its lowest point since early 2016, setting the city apart from national trends and potentially positioning it for price appreciation while much of the country faces a correction, according to Jared Antin, Executive Director at Brown Harris Stevens. “If you look at the supply dynamic, you have to go ...
Hartford lost roughly 700 hotel rooms during the COVID-19 pandemic. Rebuilding that inventory now presents challenges beyond standard real estate calculations. According to David Steuber, Executive Director of the Capital Region Development Authority (CRDA), the main issue is the growing gap between the high demand from major conventions and the lower baseline demand from routine ...
The return of buyer protections in real estate transactions is revealing a growing disconnect between seller expectations and current market realities, according to Christina Wilger, a licensed real estate salesperson with RE/MAX Benchmark Realty Group in New Windsor, New York. Wilger says the primary reason deals fall apart today is inspection disputes. “Sellers are still ...
Manhattan’s cooperative apartments, which make up about 65 percent of the city’s housing stock, are seeing a sharp drop in demand and prices compared to condominiums. According to Steven Cohen, a team leader and associate real estate broker of The Steven Cohen Team, with 26 years of experience in New York City residential real estate, ...
Building code compliance is creating sharply different investment outcomes for coastal properties, even when those homes sit just feet apart. Edward Freeman Jr., Managing Partner at The Freeman Group, says the key factor is whether a property is built above or below the base flood elevation. This technical detail can mean the difference between paying ...
The biggest shift behind “agentic AI” in real estate isn’t happening on computer screens – it’s happening in the data pipes lying beneath. The flashy interfaces and chat windows get the attention, but they’re only the surface layer of a much deeper shift in how information moves through real estate systems. What truly matters is ...
Miami’s luxury pre-construction market requires buyers to commit substantial capital years before a property is built. This exposes them to significant financial risk that is not reflected in conventional market data. Buyers risk losing their entire investment if they cannot complete the purchase, but these failed transactions rarely appear in public records or sales statistics. ...
In today’s luxury coastal markets, the usual reasons for failed real estate deals — financing issues, inspection surprises, or low appraisals — have largely faded into the background. Instead, buyer psychology has become the main factor causing high-end transactions to fall apart, according to Edward Freeman Jr., Managing Partner at The Freeman Group on Long ...
Standard market metrics that compare today’s conditions with last year’s peak often fail to capture what is actually happening in markets that are moving from artificial highs back to normalcy, according to Matt Territo, a Northeast Florida real estate agent and team leader of Team Territo. Recent data for Northeast Florida shows prices down three ...
A structurally sound house in a desirable coastal neighborhood can become nearly unsellable if its roof is sixteen years old instead of fourteen. Matt Territo, a Northeast Florida real estate agent and team leader of Team Territo, with a construction background, says insurance company mandates have created a parallel pricing system in coastal markets, one ...
Luxury market activity reveals a sharp divide between ultra-high-net-worth buyers and the broader Manhattan real estate market, according to Justin Neissani, licensed real estate salesperson at The Corcoran Group. While many buyers remain cautious amid political uncertainty and economic volatility, those purchasing properties above $10 million are moving forward with conviction, suggesting a different risk ...
Connecticut’s unique municipal governance system is discouraging outside real estate investment by creating unfamiliar and complex barriers for developers, according to a leading executive at a state development authority. The state’s lack of county-level uniformity means developers must navigate a patchwork of local rules, a challenge rarely encountered elsewhere in the country. Development Environment Connecticut ...
Manhattan’s residential real estate market is seeing a marked increase in all-cash transactions, particularly from international buyers, creating a clear divide between cash and financed purchases. According to Ann Ferguson, principal broker and founder of Ann Ferguson, LLC, this trend is creating two separate markets within the same city, each operating by different rules. Ferguson ...
Standard underwriting models often miss a critical vulnerability in small-scale multifamily development: regulatory requirements imposed late in the project cycle can inflict far more damage than the exact costs incurred earlier. These late-stage delays disrupt project economics, threaten developer confidence, and can even render projects unviable. James Smithmeyer, founder of JMJ Contracting and Development, has ...
