When developers in Delaware claim to build affordable housing, their prices often don’t match what nurses, grocery store clerks, and hospital aides can pay. According to George Meringolo, founder of Little Living, major builders price their lowest-cost homes at $300,000 to $350,000. That is well beyond the reach of workers earning $35,000 to $70,000 a ...
Low defaults and a steady economy can make the mortgage market look safe. But periods of calm are often when lenders begin loosening the habits that keep risk in check – and the people best equipped to notice are increasingly absent from the rooms where those decisions get made. That is the view of Clifford ...
In Houston’s Heights neighborhood and nearby northwest areas, some investors are skipping the resale market and buying land to build. Their main target is co-living housing: private bedrooms and bathrooms with a shared kitchen and common areas. That is according to Kurt Peterson, an agent and investor with World Wide Realty, LLC. Peterson says the ...
In New Orleans, insurance costs are high, and homes are old. As Richard Hébert puts it, every house has “had a termite walking through it as a resident at one point.” Many sellers respond by playing down a home’s problems. Hébert, a luxury real estate advisor with Crescent Sotheby’s International Realty in New Orleans, says ...
In most Sun Belt relocation stories, the destination is Florida. North Carolina’s Triangle region shows a different pattern. Students arrive for university, stay for jobs, and start families. Then their parents follow. Dave Harney has nearly 20 years of real estate experience with Coldwell Banker Advantage in the Wake Forest area. He says this multi-generational ...
Buyers who stretch to win competitive bids on distressed properties often discover that banks will not renegotiate once a highest-and-best offer has been accepted. As a result, the deals collapse before closing. Bank-owned homes, known as REO properties, often draw multiple competing offers because lenders price them to sell quickly. That bidding pressure can push ...
Filing a home renovation permit and waiting weeks only to receive a correction letter listing problems you never anticipated is a common experience for homeowners. Each rejection round costs money in architect fees, contractor delays, and carrying costs on a construction loan. Most people blame slow bureaucracy. The actual cause, according to people who work ...
When comparing two similar condos in competing HOA communities, the one with lower monthly dues looks like the better deal. The opposite is often true: artificially low dues are one of the clearest warning signs that a community is headed for a special assessment. Joe Braun, co-founder and CEO of Solume, an Atlanta-based platform that ...
National headlines describe a housing market frozen by high rates, but Charlotte doesn’t fit that picture neatly. Homes are still selling there, and close to their asking prices. What has changed is how much separates the winners from the rest. A well-located, well-kept, realistically priced house still moves, while one that needs work or overreaches ...
In a tight housing market, it is easy to assume that sellers hold all the cards. Inventory is low, competition for good listings is real, and buyers in Northern Virginia have spent years feeling like they are on the losing end of every offer. But the assumption misses something important about who is actually listing ...
In the Dallas-Fort Worth suburbs, two houses on the same side of town can have opposite outcomes. One goes under contract in two or three weeks. The other sits for 90 or 100 days with barely a showing. The difference, according to Heather Gill, a residential agent with eXp Realty who works across Carrollton, Plano, ...
The classic first-time home purchase – a young adult saves up, qualifies for a mortgage, and buys a modest house alone – is fading in the Kansas City metro. Out of 14 first-time buyer transactions Shannon Doser closed over the past year, she estimates roughly 12 involved financial assistance from parents or grandparents. Doser, a ...
Out-of-state investors scanning social media for short-term rental opportunities in Salt Lake City are running into a problem on the ground: multiple areas across the valley and surrounding cities are already restricting or banning nightly vacation rentals, and local policy is moving toward more restrictions, not fewer. Nick Booth, a residential agent who works across ...
After years of weekend sales and bidding wars, well-maintained investment properties in strong Indianapolis neighborhoods are sitting for 30, 60, even 90 days, according to Gloria Gear, a realtor who has worked the city’s investor market for a decade. The shift is catching sellers off guard – especially investor-owners who assumed the fast-moving conditions of ...
Central New Jersey’s housing market is no longer moving in one direction. It is splitting by geography, and the dividing line is distance from New York City. A home search that crosses county lines can mean stepping from a bidding war into a market where sellers are cutting prices – sometimes within a 20-mile drive. ...
