The common perception of Florida’s cash buyers often involves wealthy out-of-state newcomers fleeing high-tax states, bringing Silicon Valley fortunes with them. However, Shane Burgman, team leader at The Burgman Group, says the reality in Brevard County is more complex and challenges assumptions about who is driving cash transactions in the area. “Contrary to what a ...
Local real estate expert Billee Silva of Jones & Co. Realty recently shared insights comparing condominiums and single-family homes across Southwest Florida. In an interview, Silva highlighted important differences, trends, and considerations for buyers and investors navigating the current market. “Single family homes are still doing pretty good because people are relocating. People are upsizing, ...
A combination of rising insurance costs and increasing HOA fees has turned Jacksonville Beach’s oceanfront condos from sought-after investments into difficult properties to sell, according to David Corbitt, a local real estate agent with 1 Percent Lists First Coast. The shift demonstrates how external cost pressures can quickly reshape a property market. The Condo Crisis ...
The lines between traditional hotels and short-term rentals are rapidly blurring, according to Guesty CFO Gil Vassoly, who points to a surprising evolution in hospitality operations. “There are contactless hotels now where there’s no one. You book it online, you get access key, go in, communicate with the chatbot, and everything happens automatically. This is ...
While most residential real estate segments contend with high interest rates and affordability concerns, Jacksonville Beach’s luxury market is showing notable resilience, according to David Corbitt of 1 Percent Lists First Coast. The current environment highlights a clear division in buyer behavior, challenging prevailing expectations about the market. “High end luxury is doing really well ...
The Florida Panhandle’s real estate market is widely described as a “buyer’s market,” but according to local broker Edson Gene Hurd of Hurd Real Estate & Company, this label misrepresents what’s actually happening to property owners. In a recent interview, Hurd shared a candid assessment of how current conditions are leaving sellers with little to ...
The South Florida real estate market is undergoing a notable transformation, with cash purchases increasingly driven by out-of-state buyers leveraging home equity from more expensive markets. This trend is altering local market dynamics and pricing, with significant consequences for Florida residents. Arkadiy Abdurakhmanov, a real estate agent with United Realty Group who has over 20 ...
The South Florida condominium market is experiencing a major crisis as maintenance fees soar, reshaping buyer behavior and property values. According to Arkadiy Abdurakhmanov of United Realty Group, the sharp rise in homeowners association (HOA) fees is making condos increasingly difficult to sell. Market Overview “When I came to the United States, the most expensive ...
Ponte Vedra Beach agent Allyson Mecca of LoKation, argues Jacksonville’s real estate market has fundamentally shifted away from retirees toward younger, high-earning professionals, a transformation she says few outside the region fully grasp. “I’m seeing way less of a retiree presence, and more younger but higher incomes,” says Mecca, who specializes in properties $800,000 and ...
In today’s higher-rate environment, home buyers should focus on purchase price rather than interest rates, advises Maria Raymer, broker associate at RE/MAX Specialists PV, offering a fresh perspective on timing the market. “Don’t be too caught up in interest rates, because it’s temporary. You date the rate, you marry the house,” Raymer says, explaining her ...
A dramatic rise in Pensacola’s median home prices is forcing local investors to rethink their target price points and investment strategies, according to veteran real estate investor Mike Hamby. “The median price of a house in Pensacola has gone up to about 310 [thousand] this year. When I moved here in 2020 it was 190,” ...
Short-term rentals are transforming from community concern to economic catalyst, according to Guesty CFO Gil Vassoly, who argues the sector creates ripple effects of prosperity throughout local neighborhoods. “Short-term rentals are actually a way to uplift the entire community, not just financially, but creating this atmosphere,” Vassoly says, pointing to emerging data on visitor behavior. ...
Arizona’s short-term rental market has seen a major shift, with most Airbnb investors leaving the platform due to oversaturation, according to Melissa Bailey, a real estate professional with Jason Mitchell Group. This marks a significant change from the pandemic-driven boom that made Arizona a prime location for vacation rental investments. “A lot of people are ...
A new trend is emerging in Orlando’s luxury real estate market, with the vast majority of high-end buyers actively steering clear of homeowners association communities, according to Yashmit Gutierrez, a sales associate at EXP Realty. This preference challenges the common belief that luxury buyers seek out managed communities with extensive amenities. “In my opinion, what ...
Arizona’s housing market is facing an unusual problem: even as inventory has surged 24.7% year-over-year, buyers are finding it harder than ever to make purchasing decisions. The abundance of available homes is overwhelming rather than assisting buyers, according to Melissa Bailey, a real estate professional with Jason Mitchell Group. “Even though we have a higher ...
