Farmington Hills has overhauled its zoning code, updated its master plan, and begun actively courting new development over the past several years. The changes respond to post-pandemic shifts in how residents live, work, and spend, and are quickly reshaping the local real estate market. Some property types are now in high demand, while others are ...
Outside investors acquiring retail properties in secondary markets with plans to upgrade tenant quality are discovering an uncomfortable reality: financial strategies that promise higher returns on paper often meet resistance from established local business communities. Kelly Schnebly, Partner at Colliers Idaho, says the conflict becomes clear when new landlords attempt to reposition centers dominated by ...
Low mortgage rates from prior years are trapping homeowners in place and fueling a severe inventory shortage in desirable suburban housing markets. Ellen Gonik, a realtor with Coldwell Banker Realty who has worked in Essex County, New Jersey, for 17 years, says this “rate lock-in” effect is preventing the normal turnover of homes, creating ripple ...
Homebuyers relocating to northern New Jersey often arrive with a list of must-haves: top-ranked schools, reasonable commute times to employment centers, diverse communities, and manageable property taxes. But Ellen Gonik, a Coldwell Banker Realty agent with 17 years of experience in Essex County, says buyers quickly learn they cannot meet all of these priorities at ...
Bobby Mathews, team leader at BluSkye Group with RE/MAX Foxfire in Ocala, Florida, says that in retirement-heavy real estate markets, buyer psychology has a more substantial influence on sales than interest rates or Federal Reserve policy. “Sixty percent of the contracts that we have on 55 and over communities are cash contracts,” Mathews says. In ...
The affordable housing crisis in America is not primarily caused by construction costs or financing availability, according to Doug Ressler, Manager of Business Intelligence at Yardi Matrix. Ressler contends that outdated zoning laws are the main obstacle, a reality that many policymakers and developers avoid addressing directly. “The biggest inhibition to manufactured housing is the ...
Florida’s residential real estate market operates on a foundation that sets it apart from much of the country, according to Joe Murphy, team leader of the Joe Murphy Team and a veteran who has closed more than 1,400 homes in 23 years. The distinction is not just about climate or lifestyle, it’s about how buyers ...
A critical financing bottleneck is threatening the progress of affordable housing developments in Florida, according to a leading construction lender. The problem is not construction costs or a lack of demand, but a disconnect between how construction lenders and government-sponsored enterprises (GSEs) underwrite the same projects—specifically regarding property tax treatment under Florida’s Live Local Act. ...
The affordable housing crisis in many secondary markets is worsening unexpectedly: condos and townhomes, once reliable entry points for first-time buyers, are becoming unaffordable due to rising monthly costs unrelated to the purchase price. Koby Bishop, a broker associate with The Group Real Estate in Northern Colorado, reports that surging insurance rates on attached units ...
Nearly half of all new construction buyers in Miami’s luxury real estate market are international, according to Uri Sefchovich, a realtor with Coldwell Banker who focuses on properties above $1 million. This surge marks a decisive shift in how global capital is flowing into Miami, moving beyond the usual seasonal or vacation-home trends. International Buyers ...
Local data from Northern Colorado reveals a real estate market that has consistently outperformed national averages in both appreciation and resilience, contradicting the volatile narrative often presented by national media. This divergence is creating mispricing opportunities for buyers and investors who understand the region’s unique risk profile. Koby Bishop, a broker associate with The Group ...
The real estate industry faces a critical decision point about artificial intelligence that will shape which agents succeed in 2026 and beyond, according to Jeff Quintin, CEO of The Quintin Group. While some agents see AI as a threat to their jobs and others expect it to offer easy shortcuts, Quintin says both views miss ...
In markets with active new development, builders have a structural advantage over individual home sellers, according to Florida Realtor Zach DiFilippo of Coldwell Banker Premier Properties in St. Augustine. DiFilippo points to the vertical integration of builder operations — where construction companies typically own the lender and the title company — as a key reason ...
The New York City office market has changed dramatically in the past two years, driven by more than just return-to-office mandates or the rise of hybrid work. A decisive trend is now determining which buildings succeed and which struggle: tenants with lease flexibility are actively moving to higher-quality buildings and better neighborhoods, often for rents ...
The 2024 hurricane season has heightened concerns about the risk to Florida real estate. Still, the pattern of actual damage tells a more specific story, according to Jose Cardenas, principal at Premier Sotheby’s International Realty. The majority of flood-damaged homes were older, single-story structures built decades before current building codes, not modern construction. “Most of ...
