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 ...
Buyers who spent the past two years waiting for lower interest rates are now returning to the Austin market, even though rates remain elevated. According to Nancy Taute, Realtor at Compass RE Texas, many buyers who stayed on the sidelines for 12 to 24 months believe further waiting no longer makes sense. This marks a ...
Utah housing officials warn that structural problems in mortgage financing are pricing most residents out, even as new construction increases. According to Steve Waldrip, Senior Advisor for Housing Strategy and Innovation in Utah’s Office of the Governor, traditional mortgage systems now serve only a narrow slice of the population, and the gap is widening. “In ...
Lenders across Long Island are now treating accessory dwelling units, including basement apartments and mother-daughter setups, as income-generating assets rather than liabilities. According to Perry Pappas, team leader of The Perry Pappas Team with Coldwell Banker American Homes, the shift in underwriting standards is changing how buyers qualify for mortgages and how sellers market their ...
Coliving properties are producing gross rents 20–40% higher than traditional rental models, according to Clara Arroyave, Founder and CEO of Coliving Cashflow. This premium comes from reconfiguring single-family homes or multifamily units into multiple private bedrooms with shared common areas. Landlords can collect several rent payments from a property that would otherwise support only one ...
No state in the United States offers affordable housing for minimum wage earners, according to Clara Arroyave, Founder and CEO of Coliving Cashflow. This affordability crisis is increasing demand for coliving as tenants choose between unaffordable solo living and shared housing to reduce costs. The gap between wages and housing expenses is widening, and Arroyave ...
While kitchen and bathroom renovations dominate home improvement budgets, backyards remain underused spaces where designers face fewer structural constraints. Most discussions about real estate marketing and renovation focus on interiors. However, Paul Lafrance, founder and CEO of Paul Lafrance Design, says working inside a house requires operating within strict boundaries. Interior Renovations Come With Structural ...
A designer argues that dismissing backyard projects as weak financial investments reflects an outdated view, as buyers increasingly prioritize stress relief and quality of life alongside traditional renovation metrics. Rethinking the Resale Value of Outdoor Living Real estate professionals have long advised homeowners that outdoor living upgrades yield weaker financial returns than kitchen or bathroom ...
Joseph DeNaro, a realtor at Realty ONE Group Emerge, says buyers in the luxury secondary home market are more likely to walk away from deals they would have accepted a year ago. This reflects a shift in how economic uncertainty is influencing buyer decisions. DeNaro, who specializes in New Jersey’s beach market, sees this trend ...
Flood insurance is pushing buyers out of coastal real estate markets and creating an affordability barrier that is often overlooked. Joseph DeNaro, a realtor at Realty ONE Group Emerge who specializes in New Jersey beach communities, says flood insurance has become a third major cost factor, along with mortgage rates and property taxes, that removes ...
Financing problems, not appraisal gaps or high rates, have become the leading cause of failed residential real estate deals in Houston. According to Anja Drewes Neidhardt, owner and broker at Anja Drewes Properties, the main culprit is lender incompetence, with critical documentation issues surfacing just days before closing. Rate Shopping Houston home sales are increasingly ...
