You find the perfect Naples home, make an offer, and go under contract. Then, two weeks later, you walk away. This scenario is becoming increasingly common in Naples real estate, and it’s not because buyers can’t secure financing. Instead, they’re backing out due to second thoughts or the lure of better deals. Mike Shoaff, a ...
San Antonio’s real estate market has moved through three distinct phases over the past 20 years, according to veteran agent Jerry Newman. His perspective offers valuable context for today’s market, where inventory levels have begun to normalize, and both buyers and sellers are reassessing their strategies. The Buyer’s Market Era When Jerry Newman of Brown ...
Out-of-state buyers leaving high-cost markets are rapidly altering San Antonio’s real estate landscape, creating a split market that could threaten the city’s longstanding affordability advantage. The Coastal Exodus Arrives in San Antonio San Antonio has become a leading destination for homebuyers moving away from expensive coastal regions, according to Jerry Newman, a realtor with Brown ...
A significant demographic change is underway along Florida’s coast, as migration patterns shift established norms of where affluent buyers settle. According to Stephen Dutcher, a broker associate with Illustrated Properties who has worked in Martin County real estate since 1983, buyers from Miami-Dade, Broward, and Palm Beach counties are moving north to Martin and St. ...
Florida’s coastal real estate markets are experiencing a supply problem that isn’t driven by construction capacity or a lack of land. Instead, according to veteran broker Stephen Dutcher, homeowners with low pandemic-era mortgage rates are economically trapped in their homes, creating an artificial inventory shortage that distorts the market in ways previous cycles have not. ...
Santa Monica, long considered one of Los Angeles’ most desirable rental markets, is experiencing a surge in luxury multifamily construction that is testing the limits of local demand. The influx of new, high-end apartment buildings has prompted questions about whether the area can support both the volume of new units and the steep rents being ...
The commercial real estate industry faces a retention crisis that most firms avoid discussing publicly. According to Joe Killinger, partner and co-founder of Commercial Brokers International, the vast majority of new commercial real estate agents leave the field within three years. “It’s 87 to 92% after around three years” who exit the industry entirely, Killinger ...
Since the Surfside condo collapse, Miami’s condominium market has divided sharply between older buildings and new construction. According to Nayla Benitez, associate broker with Berkshire Hathaway HomeServices EWM Realty, new mandatory safety regulations have not reassured buyers as intended. Instead, she says, they have deepened skepticism toward older properties and accelerated a local affordability crisis. ...
Builder-offered rate buydowns are drawing buyers away from resale homes in Jacksonville, creating a market split where financing terms, not home quality, determine buyer decisions, according to Jan Rice, a licensed realtor with Momentum Realty Jacksonville. A Growing Divide in Mortgage Rates Jacksonville’s residential market is seeing a pronounced gap in financing options. While national ...
Inventory glut and weak buyer demand have created a two-tier market in Jacksonville, where only sellers willing to cut prices are closing deals, according to Jan Rice, a licensed realtor with Momentum Realty Jacksonville. As of November, about 11,000 homes are listed on the MLS, with roughly 8,000 of those sitting unsold for more than ...
The idea that vacant office buildings can be easily turned into apartments has become a common refrain in real estate discussions. With office vacancies rising, the supposed solution is to convert underused buildings into much-needed housing. But according to Carlo Batts, Principal & CEO of Reduxx Group and a commercial appraiser specializing in Philadelphia, the ...
Carlo Batts, Principal and CEO of Reduxx Group, says media coverage of Philadelphia’s real estate market is missing the region’s actual development story. While most reports focus on Fishtown, Northern Liberties, Center City, and Rittenhouse Square, Batts argues that the real growth and opportunity lie in the first and second ring suburbs, communities with regional ...
Commercial real estate has faced a sharp slowdown as higher interest rates disrupt decades-old valuation models. Cap rates have risen, deal volume has dropped, and investors have pulled back. Yet Carlo Batts, Principal & CEO of Reduxx Group, who appraises hundreds of properties across the Philadelphia region, says the real story is not about weak ...
Miami’s urban redevelopment is revealing a gap between developer land grabs and actual neighborhood change, according to Irene Dakota, Senior Commercial Advisor at Metro 1 Commercial. Dakota, who has observed Miami’s core neighborhoods for over two decades, says that while developers have quickly assembled land in target areas like Magic City, the real transformation depends ...
Miami’s commercial real estate market is facing a severe supply constraint that has dramatically reduced the availability of off-market deals, according to veteran broker Irene Dakota. Where brokers once relied on a steady pipeline of unlisted land and property opportunities, that channel has nearly dried up, forcing a reevaluation of traditional deal sourcing strategies. “Very ...
