Commercial real estate firms face a persistent challenge: retaining top talent in an industry where no single model satisfies everyone. According to Joe Santaularia, president of CORFAC International and EVP/Director of Strategic Investor Relationships at Bradford Commercial Real Estate, the core issue is not a shortage of skilled professionals, but the difficulty of designing compensation ...
The industrial real estate market is no longer driven by the traditional process of companies identifying space needs and hiring brokers to fulfill them. According to Joe Santaularia, president of CORFAC International and EVP/Director of Strategic Investor Relationships at Bradford Commercial Real Estate, deals are now emerging from within supply chain professional networks. Brokers who ...
Connecticut sellers expecting 2022-style bidding wars are discovering that not every listing is selling quickly or at a premium. While headlines still highlight tight inventory and occasional bidding wars, agents across the state report a growing gap between what sellers hope for and how buyers actually behave in 2024. Nicholas Tarquino, realtor with Carbutti & ...
Real estate sales operate differently from other high-value transactions, according to Jason Madison, a licensed real estate salesperson with Stevens Real Estate. He spent 16 years in automotive sales before moving into real estate in 2022. Madison says real estate clients expect a relationship before discussing a transaction. “There’s nobody I’ve met who will let ...
Micro-market differences in the lower Hudson Valley are creating buying opportunities many house hunters overlook, according to Jason Madison, a licensed real estate salesperson with Stevens Real Estate who covers Orange, Dutchess, and Ulster counties. What appears to be one market is actually a patchwork of distinct local economies separated by short drives. “In the ...
According to a local realtor, inspection findings are the most common reason home sales fall through at the Jersey Shore, as buyers regain leverage and refuse to accept unresolved property defects. After years when financing and appraisal shortfalls dominated real estate headlines, Dylan Smith, a realtor with Chris Smith Realty in Spring Lake, New Jersey, ...
A realtor with a corporate pricing background says many agents rely on intuition rather than formal pricing methods. She argues this can lead to overpricing and lower seller proceeds, especially as markets normalize. Carly Ringer, a realtor with Keller Williams Realty Spring Lake who spent 13 years analyzing pricing and advertising for major corporations before ...
A new pattern is taking hold in Jersey Shore real estate: sellers are increasingly willing to walk away from deals during the inspection period, confident that backup buyers are ready to step in. But Carly Ringer, a realtor with Keller Williams Realty Spring Lake and 13 years of corporate pricing analytics experience, says the strategy ...
Within a 100-mile stretch of Florida’s Gulf Coast, rules for short-term rentals vary so widely that identical properties can operate legally in one county and be banned in the next, leaving investment outcomes dependent on local regulations rather than property quality. The Regulatory Patchwork Florida’s short-term rental market is divided by local regulations that can ...
After a difficult 2023, the commercial real estate lending market has rebounded. Lenders are actively competing for deals again, and transaction volume has surged. However, according to Brandon Chicotsky, Managing Principal at God Bless Retirement, this recovery has come with a lasting change in how assets are evaluated and financed. Chicotsky describes the shift simply: ...
The Wilmington rental market shows a clear split in performance by bedroom count, a factor now determining which properties succeed and which struggle. Catherine Huffman, co-owner of Keyrenter Wilmington, reports that rents for three-bedroom and larger homes have increased year over year, while two-bedroom units have declined over the same period. “Three bedrooms and up ...
A mountain pass separating Wyoming from Idaho marks more than a geographic boundary. It reflects a 6.5% tax difference, influencing where affluent real estate buyers invest. Traditionally, real estate agents in vacation markets have advised clients based on lifestyle factors such as recreation, scenery, and amenities. Samuel Haack, associate broker at Berkshire Hathaway HomeServices Brokers ...
Hartford’s effort to convert vacant office buildings into housing reveals the limits of adaptive reuse as a large-scale solution. The city’s experience shows the idea is appealing, but execution challenges often make broad policy goals unworkable. David Steuber, Executive Director of the Capital Region Development Authority (CRDA), says the main obstacle is that each building ...
After years of momentum-driven buying, investor behavior in Connecticut’s residential real estate market has changed dramatically. Buyers who once purchased properties sight unseen are now walking away from deals that fail to meet financial criteria, according to Lynn LaForme, a realtor at Showcase Realty who specializes in multifamily properties in the Waterbury area. During the ...
Advances in digital tools are enabling volunteer HOA boards to assume management duties previously handled by traditional firms. The change could reshape how the nation’s 70,000 homeowners’ associations operate. According to HOA Start CEO Clayton Thompson, the property management industry faces a threat many firms have yet to acknowledge. He predicts that within five to ...
