An increase in home renovations is reshaping Long Island through upgrades to existing properties rather than new development. Instead of selling and moving to larger homes, many homeowners are expanding their current properties. This shift redirects capital and labor away from the traditional resale market. According to Susan MacDonald, a real estate salesperson at Daniel ...
In New Jersey’s Ocean and Monmouth Counties, a new dynamic is reshaping the housing market: investors are routinely outbidding traditional homebuyers, pushing prices beyond what owner-occupants can justify. Johnny Guan, founder at The JG Team, says this trend is now a defining feature of the region’s real estate landscape. “I’m watching investors pay more, willing ...
Investors acquiring residential and multifamily properties in Queens often proceed with purchases without conducting thorough structural inspections, according to Stella Shalamova, Sales Representative at EXIT Realty First Choice. The gap between marketing claims of “good deals” and issues uncovered during inspections, such as foundation damage, deferred maintenance, and hidden repair costs, can expose buyers to ...
Housing affordability challenges now extend beyond low-income households and affect households earning over $100,000 in cities such as Denver, Seattle, and Dallas. According to Marc Norman, Associate Dean at NYU School of Professional Studies Schack Institute of Real Estate, these households are increasingly rent burdened and eligible for affordable housing programs. He describes this as ...
In a residential real estate market defined by fast sales and strong buyer competition, one operational change may reduce the number of deals that fall through during inspections. Johnny Guan, team leader at The JG Team in Ocean and Monmouth Counties, New Jersey, says conducting inspections before listing a property has improved his deal completion ...
Residential transactions in Bergen County, New Jersey are being limited by a long-term shortage of homes for sale, not by interest rates, according to local agents who say national housing coverage overlooks the primary issue in the area. Inventory Shortage Reflects Long-Term Structural Shift National real estate coverage often attributes slower home sales to higher ...
In Bergen County, buyers who delay homeownership while waiting for lower interest rates or more inventory may miss out on approximately 9% annual home price appreciation. According to Cathy Banu, team leader of the Cathy Banu Real Estate Team at Keller Williams Village Square Realty, the financial and emotional costs of waiting often outweigh the ...
Investors targeting northern New Jersey should focus on small multifamily residential properties in commuter rail towns, according to Cathy Banu, team leader of the Cathy Banu Real Estate Team at Keller Williams Village Square Realty. Banu warns that office buildings and short-term rental models in Bergen County present significant risks and are unlikely to deliver ...
Broad statements about Queens real estate often overlook how individual neighborhoods respond differently to rising interest rates and economic pressure. According to Stella Shalamova, sales representative at EXIT Realty First Choice, some Queens neighborhoods saw only minor price declines during the 2008 market collapse, while others are experiencing larger corrections in the current cycle. This ...
A fragmented underwriting system creates persistent delays as regional processing centers struggle with national deal volume. The Small Business Administration (SBA) loan process is contributing to delays in business acquisitions, with closing times often stretching four to five times longer than the 45-day timelines some banks advertise. Kerrian Latty, a Realtor and business broker at Better ...
Strategic underpricing is now the norm in Long Island’s real estate market, turning the asking price into a marketing device rather than a true indicator of what sellers expect to receive. This approach has created confusion, particularly for first-time buyers who rely on outdated advice. Jeffrey Memisha, a licensed sales associate at Realty Advisors Inc., ...
Minneapolis eliminated single-family zoning citywide, allowing duplexes and triplexes in neighborhoods previously limited to detached homes. This change led to more construction and kept rents stable or falling, according to Marc Norman, Associate Dean at NYU School of Professional Studies Schack Institute of Real Estate. The city achieved this without affordability mandates, suggesting that zoning ...
Florida’s ongoing construction boom has created a labor market in which skilled subcontractors wield more power than builders or clients, and a shortage of experienced tradespeople has become a persistent barrier to project timelines and costs. This constraint is especially acute in the luxury custom sector, where projects require a level of craftsmanship that few ...
Multi-family properties can offer a faster, more accessible path to homeownership than single-family homes. Still, most buyers are unaware of this option, according to Tameeka Williams, a real estate salesperson at KFortuna All Aspects Realty. Williams explains that financing for multi-family properties is structured differently: lenders underwrite these loans based on projected rental income rather ...
The Canadian housing market is not a single, unified system — it is a collection of distinct local markets shaped by varying supply and demand, policy decisions, and migration patterns. Yet national coverage often treats Toronto, Vancouver, Calgary, and Edmonton as if they respond to the same forces. This approach overlooks a key trend evident ...
