The Florida Keys luxury real estate market is showing a counterintuitive trend: sales of canal-front homes have surged nearly 59% over the past year, even as average prices have dropped by 9%. At first glance, this divergence might suggest distress or weakening demand. But according to Michaela Walters, Broker Associate at Walters Luxury Group, the ...
Florida’s coastal real estate markets are facing a marked shift in international participation, as Canadian and European buyers pull back and foreign owners list properties at a higher rate. According to Bob Ruiz, a realtor with Ruiz Group SRQ at William Raveis Real Estate, this reversal is adding pressure to markets already struggling with excess ...
A growing management gap between corporate leadership and field agents is reshaping the real estate industry, according to Bill Crespo, CEO and founder of Path2PRO Coaching. Many brokerage organizations are led by executives with no direct experience in real estate sales or managing agents, creating a disconnect that is opening the door for institutional consolidators ...
Rising inventory in Northeast Florida has changed how real estate agents approach pricing, according to Shelby Hodges, team leader at The Shelby Hodges Group in St. Augustine. Instead of setting a firm listing price based on their expertise, agents now present sellers with a data-driven price range and allow them to choose the final number, ...
While most real estate investors focus on interest rates and access to capital, a different risk is quietly derailing more commercial property deals: environmental liabilities hidden in properties with long operational histories. John Paul Teague, a partner at Musick, Peeler & Garrett LLP who recently closed what he calls “probably the second largest real estate ...
You found the perfect Miami Beach penthouse. The views are stunning, the building is brand new, and the rental income projections look solid. Then the HOA bill arrives — $2,500 a month. Suddenly, your profit margins disappear. Across South Florida, condo investors are facing sharply rising fees that were not factored into their original investment ...
A significant pricing war is taking shape in Florida real estate markets, as builders use deep discounts and below-market mortgage rates to move inventory. This strategy, according to veteran realtor Bob Ruiz of Ruiz Group SRQ at William Raveis Real Estate, has created a market where homeowners who bought in the past two years cannot ...
Conventional wisdom often casts oil-dependent real estate markets as risky, prone to dramatic swings in home values when energy prices fall. Yet Chris Cline of Grassroots Realty Group, a REALTOR® with 19 years of experience in Grand Prairie, Alberta, argues this view overlooks how economic structure can insulate a city from the worst effects of ...
According to Joseph Keshi, founder and CEO of Keshman Property Management, investors often focus on cap rates, appreciation, and tax advantages when evaluating markets. However, Keshi argues that legal differences—especially those related to eviction—directly affect investment performance. Nowhere is this clearer than in how long it takes to remove a non-paying tenant. Keshi describes a ...
A practical solution to Connecticut’s housing shortage is gaining traction in Danbury: converting vacant or underused hotels and motels into apartments. Waleed Albakry, Planning Director for the City of Danbury, says the city is among the top municipalities in Connecticut for this type of adaptive reuse, turning long-closed hotel properties into new residential buildings with ...
The Manhattan office market is seeing tenants stay put at a rate not explained by workplace trends, but by the economics of construction. According to David Badner, Managing Director at Norman Bobrow & Co., tenants are now far more likely to renew existing leases than relocate, as the costs of building out a new space ...
High mortgage rates and persistent home prices are forcing buyers in Northern Virginia to reconsider where they can afford to live, according to Desiree Rejeili, Principal/Owner of Desiree Sells Homes LLC. Rejeili, who works with buyers across the region, says that neighborhoods once considered the default for move-up buyers, such as Arlington and Alexandria, are ...
A Wisconsin city administrator argues that communities within an hour of major metropolitan areas offer better economic conditions and more motivated municipal partners than the crowded urban markets that typically attract developers’ interest. Real estate developers may be ignoring viable opportunities in smaller regional markets due to outdated assumptions, according to Alex Mansfield, City Administrator ...
Developers may be passing over viable projects in smaller communities because local zoning codes are too complex to understand, according to one Wisconsin city administrator leading a complete overhaul of his city’s regulations. Alex Mansfield, City Administrator of Amery, Wisconsin, says the city’s zoning codes—last fully codified in 2004—have become so lengthy and contradictory that ...
When Fort Wayne released a request for qualifications (RFQ) for its North River District master development, city officials anticipated three to five responses from mostly regional developers—a typical turnout for a city of its size. Instead, they received proposals from 20 national firms, far exceeding expectations and signaling a significant shift in how national developers ...
