For years, many would-be Florida buyers have hesitated, citing rising property taxes, insurance costs, and concerns about hurricanes. But a major policy shift could soon change that equation. The governor’s office is advancing a proposal to provide significant property tax relief for Florida homeowners, including the potential elimination of property taxes for those with a ...
Heading into 2025, analysts were nearly unanimous: falling interest rates and growing inventory would finally hand first-time buyers their moment. Starter homes under $300,000 would move fast. The entry-level market would boom. It did — just not where anyone expected. Site-built starter homes are sitting. Meanwhile, manufactured housing communities in Phoenix and Largo, Florida are ...
Idaho has long promised affordability and opportunity. In Canyon County’s housing market, that promise is getting harder to keep. Investors are rapidly purchasing a wide range of properties — from single-family homes to condos and townhouses — while first-time buyers are finding it increasingly difficult to compete. Yet the market isn’t monolithic. Investor activity is ...
The era of pandemic-driven real estate in Hampton Roads, when homes sold within days regardless of season, has ended. Sellers accustomed to immediate offers and bidding wars now face a slower, more deliberate market. Dan Patton, a realtor with Prodigy Realty LLC, says the region has returned to a normal seasonal market, where homes listed ...
While national headlines focus on mortgage rates as the main force shaping the housing market, John Finn, Jr., Senior Managing Broker at United Real Estate Richmond, says this misses the real problem: a persistent shortage of homes for sale. According to Finn, the main constraint isn’t financing — it’s inventory — and that scarcity is ...
As Phoenix’s housing market grows more competitive, locals are paying close attention to a handful of neighborhoods where new investment, infrastructure, and job growth are quietly taking hold. These areas aren’t the ones dominating headlines or sparking bidding wars like Scottsdale or Arcadia, but they’re seeing steady momentum as buyers and developers move in ahead ...
Real estate deals often fall apart for familiar reasons: financing issues, low appraisals, or buyers backing out. But according to John Finn, Jr., Senior Managing Broker at United Real Estate Richmond, inspection and repair negotiations are the most common — and most avoidable — cause of failed transactions. Finn, who has spent 50 years in ...
Huntsville’s average home price has climbed to around $375,000, creating a widening gap between the city’s rapid employment growth and the availability of homes affordable to incoming workers. Nina Soden, Associate Broker/Realtor at The Soden Team of Legend Realty, says the current market is not positioned to meet the needs of the thousands of new ...
Soaring land acquisition costs, infrastructure expenses, and permitting fees are adding $50,000 to $60,000 to the cost of every new home in the Orlando area before construction even begins, according to Brenden Rendo, Real Estate Broker at NextHome. These upfront costs are reshaping the economics of entry-level housing in Central Florida, pushing realistic starting prices ...
While mortgage rates remain the focus of most real estate coverage, a separate affordability crisis is emerging in Hampton Roads as insurance premiums and property taxes climb sharply. These increases are raising monthly housing costs by 11-12% — even before factoring in interest rates — creating a structural affordability problem that lower rates alone cannot ...
The Bergen County residential market has split into clear tiers based on location, with properties in flood zones, on busy streets, or near railroad tracks now taking much longer to sell. During the pandemic, almost any home would move quickly, regardless of its location. Now, buyers are scrutinizing location as the primary non-negotiable factor in ...
Chicago is a city of neighborhoods, each with its own loyal following and claims to fame. But recently, one area has been attracting locals, real estate agents, and homebuyers seeking value and character: Printers Row. With more people touring homes, trading tips, and considering a move, this historic neighborhood is quietly becoming one of Chicago’s ...
The average age of first-time homebuyers in St. Petersburg, Florida, has reached 40, reflecting limited affordability and constrained inventory that continue to discourage younger buyers. Jake Maisner, COO and Partner at Jac Smith Group with Keller Williams St. Pete Realty, says that despite a recent uptick in listings following the fall 2024 hurricanes, the new ...
Two major hurricanes in fall 2024 flooded properties across St. Petersburg, creating a surge of damaged inventory and changing how agents price and market homes. Jake Maisner, COO and Partner at Jac Smith Group with Keller Williams St. Pete Realty, says the flooding pushed a large number of damaged properties onto the market, forcing agents ...
In many real estate markets, entry-level homes sell quickly while luxury listings take longer to move. But in Boca Raton and Delray Beach, the opposite is currently true. Million-dollar homes are attracting rapid offers, while properties under $500,000 are sitting on the market for weeks or even months. This reversal surprises both buyers and sellers ...
