The trend toward delayed homeownership could have serious societal implications beyond just housing markets, according to Kent Keirsey, Co-Founder of Acre Homes, who points to research showing broad benefits of property ownership. “People that own their homes, they’re more likely to vote, they’re more likely to invest in communities. They’re certainly more likely to take ...
Looking ahead, Gerke believes this renovation opportunity could become increasingly attractive as limited land availability continues to constrain new luxury development in the most desirable areas. The key, she suggests, is finding buyers willing to see past dated finishes to recognize the potential value in these properties. While many luxury home buyers in Northeast Florida’s ...
The Alexandria rental market is experiencing an unexpected surge in competition, with smaller units emerging as particularly hot commodities, according to local real estate expert Hope Peele of the Peele Group at Corcoran McEnearney. “Rentals right now are actually surprisingly very competitive,” Peele says. “We’re seeing applicants apply to multiple places just because landlords are ...
A leading industry professional is sounding the alarm about systemic issues in home inspector certification, pointing to troubling patterns of repeated exam failures that he says indicate fundamental problems with current training approaches. “I’ve counted people who’ve taken the exam 3, 4, 5, 7 times and still have yet to pass,” says Ditanyan Sye, Certified ...
Julie Schechter, Partner at Fox Rothschild, warns that many New York City building boards are dangerously underestimating the timeline needed to meet 2030 climate mobilization requirements, potentially setting themselves up for financial strain and compliance challenges. The False Comfort of 2030 “Boards sitting on their hands saying ‘the next regulation deadline is 2030, we’ve got ...
Property managers of luxury multifamily buildings are facing increasing pressure to prevent catastrophic damage from seemingly minor issues like water leaks, according to Dan Ross, VP at Brilliant Smart Home. This challenge is driving adoption of integrated smart building systems that can detect and respond to problems before they escalate. The Hidden Threat “One leak ...
Market insider reveals unexpected pricing dynamics creating unique investment opportunities. A surprising pricing dynamic is emerging in the Twin Cities multifamily market, where Class A properties are trading significantly below replacement cost, according to Heidi Addo, Vice President at Michel Commercial Real Estate. The Numbers Tell the Story “Our Class A average in Q2 was ...
Sacramento real estate veteran Johnny Jennings is challenging conventional wisdom about real estate decision-making, advocating for an ‘even if’ approach rather than the traditional ‘what if’ mindset that he says leaves buyers vulnerable in uncertain markets. The Even-If Framework “Don’t make decisions based on what if, what if prices go down, what if interest rates ...
The path to success in today’s real estate market lies in viewing other agents as potential partners rather than rivals, according to veteran East Bay broker Debbi DiMaggio of Corcoran Icon Properties, who says relationship-building has been key to her 35-year career. The Power of Professional Networks “Real estate agents are colleagues, not competitors,” DiMaggio ...
Sacramento real estate leader Johnny Jennings says the traditional ‘three P’s’ approach to selling homes, ‘put a sign in the yard, put it on MLS, and pray,’ is failing sellers in today’s market, leading his team to develop an aggressive proactive marketing strategy that’s changing how properties are sold. Beyond Passive Marketing “We take it ...
A Texas developer is challenging traditional measures of master-planned community success, arguing that human-centric metrics may be better indicators of long-term value than conventional financial benchmarks. “Traditional developers measure by price per front foot, average sales price, or absorption rates,” says Mike Miller, Executive Vice President of Real Estate at Red Oak Development Group. “We ...
The expectations of luxury home buyers in the East Bay have fundamentally shifted, according to veteran real estate broker Debbi DiMaggio of Corcoran Icon Properties, who says today’s buyers want both Instagram-worthy aesthetics and completely updated infrastructure, a combination rarely found in the area’s historic housing stock. The New Buyer Profile “The new buyer profile ...
Phoenix’s housing inventory is being significantly overstated by media reports that conflate different property types, according to veteran real estate agent Chris Dunham of Brokers Hub Realty, who says this misrepresentation creates unnecessary market confusion. “There was a story in the Arizona public not too long ago, there was all 26,000 property or houses for ...
Suburban master-planned communities need a radical rethink to serve today’s diverse homebuyers, according to Mike Miller, Executive Vice President of Real Estate at Red Oak Development Group, who argues the industry remains stubbornly focused on outdated housing models. “80% of the home buyer pool out there is actually not your traditional nuclear family,” Miller says, ...
Despite rapid advances in artificial intelligence, the technology isn’t ready to handle high-stakes real estate transactions, according to a leading industry technology educator who argues that AI’s tendency to “hallucinate” makes it too risky for major financial decisions. Craig Grant, CEO of The Real Estate Technology Institute, says AI’s documented issues with accuracy and reliability ...
