Canada’s residential land market has suffered a dramatic collapse over the past two and a half years, with undeveloped land prices down 40 to 50 percent from their peaks, according to Aaron Ulinder, Partner and Executive Vice President at Lennard Commercial Realty in Vancouver. “Land has been hit the hardest, so undeveloped land, and we’ve ...
Sarasota’s residential real estate market is undergoing a significant shift, with builders leveraging aggressive incentive packages that are altering buyer preferences and putting resale sellers at a clear disadvantage. Nazar Bas, a realtor with Coldwell Banker Realty who covers Sarasota, Lakewood Ranch, Parrish, and Bradenton, reports that the landscape has changed sharply over the past ...
Permanent interest rate reductions funded by sellers are becoming the primary form of negotiation in Tampa Bay’s residential real estate market. This shift marks an apparent change in leverage between buyers and sellers as the region moves away from the pandemic-era seller’s market. Chuck Vosburgh, a realtor with NextHome Gulf to Bay, reports that seller-funded ...
Florida’s homeowners insurance crisis has shifted from a secondary concern to the main factor limiting buyer purchasing power in Tampa Bay’s residential market. Chuck Vosburgh, a realtor with NextHome Gulf to Bay, says insurance costs are now so significant that they dictate where and whether clients can afford to buy, often overriding considerations such as ...
Senior housing is entering a period of acute supply pressure as a five-year construction pause meets a surge in demand from aging baby boomers. Andie Edmonds, Senior Vice President at Colliers, says the sector now faces a significant gap between available inventory and the expectations of today’s seniors. “Construction all but stopped in 2020, right? ...
Investors who acquired Class A industrial properties in Atlanta’s top submarkets as recently as four months ago are now facing immediate valuation losses of 20% or more, according to a broker directly involved in current transactions. These price declines are already evident in live deal data, though they have not yet been reflected in published ...
Industry veteran Jeff Beggins warns that a combination of federal and state policy shifts will soon drive a surge in demand for Florida residential real estate, leaving investors with fewer opportunities to buy at current prices. Florida’s residential real estate market is approaching a turning point, according to Jeff Beggins, Chief Evolution Officer at CENTURY ...
The holiday season brings a spike in financial activity across the real estate industry. Title companies rush to close deals before year-end, investors hurry to finalize acquisitions, and agents juggle numerous transactions. According to identity theft protection experts, this increased activity creates ideal conditions for scammers who use urgency and distraction to steal payment information ...
Florida’s insurance crisis has dominated real estate headlines in recent years, with many industry observers citing rising premiums as a major obstacle to home sales. However, Nazar Bas, a realtor with Coldwell Banker Realty who works with both investors and residential buyers in Sarasota and nearby markets, says insurance is no longer the deal-breaker many ...
Healthcare real estate transactions are taking longer to complete, and the slowdown is driven more by rising concerns about federal funding stability than by weak demand or poor market fundamentals. According to Andie Edmonds, Senior Vice President at Colliers, landlords and tenants are now scrutinizing funding sources more closely before entering long-term agreements, creating new ...
A clear pattern is developing in mature suburban real estate markets around major cities, according to Sarah Peters, Team Leader at eXp Luxury Realty. Walkability has moved beyond a lifestyle perk to become a decisive factor in pricing, changing the competitive landscape and limiting access for some buyers. “We’re seeing major trends with baby boomers ...
The aviation hangar development sector is facing a sharp divide between new and existing rental rates. New hangar facilities are commanding rents 60-70% higher than older inventory at the same airports. Despite the steep increase, tenants are accepting these higher rates because the alternative is remaining on waitlists that can stretch for years. Cary Goldberg, ...
The Florida Keys present a real estate scenario that often confuses investors: the same historic preservation guidelines and zoning restrictions that create long permitting processes and costly restoration requirements also underpin the market’s resilience during downturns, according to Ellen Gvili, global real estate advisor at Ocean Sotheby’s International Realty. “The Key West market is one ...
The real estate industry faces a serious data challenge, according to Jeff Beggins, Chief Evolution Officer at CENTURY 21 Beggins Enterprises. Market reports that claim Tampa is “down modestly” or that Pinellas County prices have dropped 12% year-over-year, he argues, do not reflect what buyers and sellers actually experience on the ground. “I don’t think ...
The Sarasota real estate market is dividing sharply along geographic lines, with planned communities like Lakewood Ranch continuing to attract buyers and investment while outlying areas that surged during the pandemic are now seeing prices fall. This divergence marks a significant shift from the broad-based appreciation that characterized the market just a few years ago. ...
