Miami’s rental market saw unprecedented demand last summer. Properties leased within days, rents rose almost every month, and investors scrambled to acquire assets. But over the past five months, rental rates have eased, luxury condos are taking longer to lease, and some investors who bought at the peak are reconsidering their approach. Joseph Hunike, COO ...
The return of buyer protections in real estate transactions is revealing a growing disconnect between seller expectations and current market realities, according to Christina Wilger, a licensed real estate salesperson with RE/MAX Benchmark Realty Group in New Windsor, New York. Wilger says the primary reason deals fall apart today is inspection disputes. “Sellers are still ...
Manhattan’s cooperative apartments, which make up about 65 percent of the city’s housing stock, are seeing a sharp drop in demand and prices compared to condominiums. According to Steven Cohen, a team leader and associate real estate broker of The Steven Cohen Team, with 26 years of experience in New York City residential real estate, ...
Building code compliance is creating sharply different investment outcomes for coastal properties, even when those homes sit just feet apart. Edward Freeman Jr., Managing Partner at The Freeman Group, says the key factor is whether a property is built above or below the base flood elevation. This technical detail can mean the difference between paying ...
Miami’s luxury pre-construction market requires buyers to commit substantial capital years before a property is built. This exposes them to significant financial risk that is not reflected in conventional market data. Buyers risk losing their entire investment if they cannot complete the purchase, but these failed transactions rarely appear in public records or sales statistics. ...
In today’s luxury coastal markets, the usual reasons for failed real estate deals — financing issues, inspection surprises, or low appraisals — have largely faded into the background. Instead, buyer psychology has become the main factor causing high-end transactions to fall apart, according to Edward Freeman Jr., Managing Partner at The Freeman Group on Long ...
Standard market metrics that compare today’s conditions with last year’s peak often fail to capture what is actually happening in markets that are moving from artificial highs back to normalcy, according to Matt Territo, a Northeast Florida real estate agent and team leader of Team Territo. Recent data for Northeast Florida shows prices down three ...
A structurally sound house in a desirable coastal neighborhood can become nearly unsellable if its roof is sixteen years old instead of fourteen. Matt Territo, a Northeast Florida real estate agent and team leader of Team Territo, with a construction background, says insurance company mandates have created a parallel pricing system in coastal markets, one ...
Luxury market activity reveals a sharp divide between ultra-high-net-worth buyers and the broader Manhattan real estate market, according to Justin Neissani, licensed real estate salesperson at The Corcoran Group. While many buyers remain cautious amid political uncertainty and economic volatility, those purchasing properties above $10 million are moving forward with conviction, suggesting a different risk ...
Manhattan’s residential real estate market is seeing a marked increase in all-cash transactions, particularly from international buyers, creating a clear divide between cash and financed purchases. According to Ann Ferguson, principal broker and founder of Ann Ferguson, LLC, this trend is creating two separate markets within the same city, each operating by different rules. Ferguson ...
In small multifamily development, the real competitive edge often comes not from building an extensive, geographically diverse portfolio, but from deep local knowledge of specific submarkets. James Smithmeyer, founder of JMJ Contracting and Development, argues that in the Northeast, success is determined less by scale and more by the ability to navigate the nuances of ...
Real estate transactions in Litchfield County, Connecticut, are increasingly falling apart during the inspection phase, not due to serious structural problems but because buyers overreact to minor issues typical in older New England homes. According to LeeAnn Asklar, a realtor with E.J. Murphy Realty, buyers are abandoning deals over findings that experienced homeowners would expect ...
Standard underwriting models often miss a critical vulnerability in small-scale multifamily development: regulatory requirements imposed late in the project cycle can inflict far more damage than the exact costs incurred earlier. These late-stage delays disrupt project economics, threaten developer confidence, and can even render projects unviable. James Smithmeyer, founder of JMJ Contracting and Development, has ...
Private wealth management divisions at major banks are creating alternative financing channels for Manhattan’s luxury buyers — transactions that rarely appear in conventional lending data, according to industry veteran Steven Cohen, team leader of The Steven Cohen Team. Manhattan’s luxury real estate market is undergoing a marked change in how transactions are financed, says Steven ...
In supply-constrained markets, first-time homebuyers are often drawn to move-in-ready homes. Still, veteran Bergen County real estate team leader Cheryl Cooper argues this convenience can become a costly financial trap. Cooper, who leads The Cheryl Cooper Group in Bergen County, New Jersey, says the widely accepted belief that a “perfect” home is the best investment ...
