The Upper West Side has seen a surprising slowdown in its luxury townhouse market over the past two years, even as the neighborhood’s core strengths remain intact. Richard Pretsfelder, Senior Partner at Leslie J. Garfield & Co., notes that demand at the top end has lagged despite continued proximity to Central Park, access to leading ...
Severe inventory shortages in Newport’s coastal luxury market are forcing buyers to pay significant premiums for off-market properties. Traditional listings have become scarce, and direct outreach is now the norm for securing high-end homes. Kimberly Fleming, Broker Associate at Gustave White Sotheby’s International Realty, says the lack of available luxury inventory — defined as properties ...
High-end properties are selling quickly in Oak Park, Illinois, even as overall housing inventory has dropped to record lows. According to Deborah Wess, a veteran Realtor with Berkshire Hathaway HomeServices Chicago, the typical spring surge of listings has all but disappeared. While the market usually sees 20 to 25 new listings per week, this week ...
Condominium sales in Connecticut are lagging behind single-family homes in similar price ranges. Rising HOA fees and concerns about aging building infrastructure are prompting buyers to reconsider the value of condos. Divya Kataria, a Realtor with Berkshire Hathaway HomeServices New England Properties, says buyers are conducting detailed cost analyses and often conclude that single-family homes ...
You’ve found the right house on Cape Cod and you’re ready to make an offer — only to discover the approach you planned is no longer allowed in Massachusetts. For buyers across the commonwealth, a newly enacted rule has changed how offers are written, and submitting a noncompliant one could cost you the deal, according ...
Buying a rental property seems straightforward: purchase a home, find a tenant, and collect rent. But for many new landlords, the real costs become clear only after the first few months. Insurance premiums, maintenance bills, management fees, and a range of smaller expenses quickly add up, often shrinking the profit margin that looked promising on ...
Buffalo, New York, is seeing a surge of out-of-state buyers, particularly from high-cost areas like New York and New Jersey. Enas Latif, Team Leader and Licensed Associate Real Estate Broker at HUNT Real Estate ERA, says the influx reflects a broader shift: Americans are prioritizing affordability, quality of life, and proximity to family over job ...
National headlines often miss the sharp neighborhood-level differences that shape Bay Area real estate. Adjacent communities can exhibit dramatically different pricing and demand patterns simultaneously. The Bay Area real estate market behaves differently from most of the country, but many buyers and sellers rely on national data to gauge local trends. This reliance on broad ...
Central Florida’s luxury real estate market has remained stable over the past year, even as rising interest rates and global uncertainty have slowed activity in lower price brackets. According to Bent Danholm, broker and co-owner of Danholm Collection, properties priced at $1.5 million and above, with an average sale price near $2 million, have seen ...
While national real estate commentary often centers on interest rates and affordability, Sheila Smith, Team Lead at RE/MAX Capital City, is watching different signals in Boise, Idaho: the pace of default notices and the number of homeowners nearing or crossing the 20% negative equity threshold. Smith reports a recent surge in default filings, which have ...
In Boise, Idaho, builder pricing and incentives are forcing resale homeowners to compete directly with new construction. Boise, Idaho’s new construction market, presents a scenario that Sheila Smith, Team Lead at RE/MAX Capital City, says she has not seen in her 20-year career: builders are matching or undercutting resale prices while offering incentives such as ...
Recent changes to vacation rental regulations in Sonoma County, California, have erased significant property value in certain neighborhoods. Some sellers are losing 10 to 15 percent of their home’s value when new buyers can no longer operate the property as a short-term rental. The impact is especially pronounced in the Russian River area, according to ...
Buyers in South Jersey’s Atlantic County residential market have regained negotiating power over inspection contingencies and repair obligations, even as inventory remains low and home prices stay high. This marks a departure from the COVID-era market, when sellers could routinely demand as-is purchases and buyers had little say over property condition. “In the COVID market, ...
Mortgage rate psychology in Delaware’s residential market varies sharply by generation, with younger buyers and rate-locked sellers operating from fundamentally different baselines. This generational divide is shaping both inventory levels and buyer behavior across the state. Many homeowners are holding off on selling to avoid giving up low mortgage rates, but that explanation only partly ...
The pandemic didn’t just change how people worked. It changed where they wanted to live. As lockdowns emptied Los Angeles and San Francisco, South Orange County became one of California’s most sought-after destinations. The region attracted relocating professionals, families, and high-net-worth buyers seeking more space, safety, and a higher quality of life. What began as ...
