Demand for large, sprawling homes in the Hudson Valley is falling, and the decline extends beyond affordability. Instead, an apparent change in buyer preferences is driving investors and developers to rethink residential projects throughout the area. Susan Onderdonk, a real estate salesperson with Howard Hanna Rand Realty who has worked in the Greenwood Lake area ...
Florida’s single-family rental market is facing a breakdown in investment viability as insurance, property tax, and HOA fee increases have outpaced rental income growth, according to William Ward, founder of A-Ward Winning Realty. Ward says these rising costs have made it nearly impossible for investors to achieve positive cash flow, forcing many to abandon the ...
Tampa Bay’s housing market is sending mixed signals. The region currently leads the nation in foreclosures, yet new construction continues to see steady sales and builder profits. This contrast highlights a widening gap between existing home sales and the latest construction segment, with builders using pricing flexibility and creative financing to maintain momentum as the ...
Existing homes around $800,000 are now at a structural pricing disadvantage in North Florida, and price reductions alone cannot bridge the gap created by a surge in new construction, according to John Richardson, Global Real Estate Advisor at ONE Sotheby’s International Realty. The rise of builder inventory is dividing the market, leaving many sellers of ...
Vacation rental deals in Gatlinburg are increasingly collapsing during the home inspection phase, according to Deanna Workman, a Realtor with Century 21 Legacy GP. But Workman says this trend reflects more than just routine inspection issues. Instead, it points to a pattern of investors underestimating actual property costs, then using inspection contingencies to back out ...
National real estate coverage often focuses on interest rates, speculating about Federal Reserve moves, mortgage rates dipping below 6 percent, and how payment changes affect buyers. These questions fill headlines and shape industry sentiment. But this lens misses the mark in luxury coastal markets, where most buyers do not rely on financing at all. Mary ...
Conventional wisdom in real estate says buyers should wait for lower interest rates before making a purchase. But in the Hudson Valley and similar regional markets, this approach is leaving would-be buyers further behind each year. The real challenge is not just affordability, but a persistent lack of homes for sale caused by homeowners who ...
Christine Belin, a real estate broker at Evernest, reports that Denver investors are steadily moving away from townhomes and condos and focusing on duplexes, quadplexes, and larger multifamily properties. After years of building portfolios around single-unit properties, small investors are now selling those holdings and reinvesting in buildings with multiple units under one roof. This ...
Vacation rental occupancy rates in Gatlinburg have plunged from peaks of 80 percent in 2021 to about 53 percent today, according to Deanna Workman, a REALTOR® with Century 21 Legacy GP who specializes in Smoky Mountains properties. Workman says the cause is not fewer tourists or new regulations, but a flood of new vacation rentals ...
$1,099,000 for a four-bedroom Cape Cod on a generous 0.41-acre lot with exceptional renovation, expansion, or new construction potential in Madison’s elite Hill section. In Madison’s competitive Hill section market, land is the ultimate luxury. 60 West Lane offers a rare opportunity that savvy buyers and builders recognize immediately. “Properties like this simply don’t come ...
Real estate investors who once fueled the rapid growth of short-term rentals are increasingly moving away from the Airbnb model, according to Joseph Keshi, founder and CEO of Keshman Property Management. Instead of acquiring new properties for short-term use, many investors are selling off existing Airbnb holdings or converting them to long-term rentals. “The only ...
About one-third of Americans aged 18 to 25 continue to live with their parents, according to Yardi Matrix data, a share that has remained unchanged since before the COVID-19 pandemic. Doug Ressler, manager of business intelligence at Yardi Matrix, says the persistence of this trend suggests not a temporary disruption, but a structural barrier preventing ...
Insurance in Florida’s coastal real estate markets has shifted from a closing formality to a critical factor that determines which homes buyers will even consider. Soaring homeowners’ insurance premiums, rising flood insurance costs, and the increasing use of self-insurance by affluent buyers are now reshaping how coastal properties are evaluated, priced, and marketed. “If you’ve ...
Buyer confusion over lengthy inspection reports, not actual property issues, is causing more transaction failures in today’s real estate market, according to one Pittsburgh agent. While sellers often blame demanding buyers and lenders cite stricter standards, Megan Grenek, a Realtor with Berkshire Hathaway HomeServices The Preferred Realty, argues the real obstacle is that many buyers ...
Statewide safety requirements enacted after Miami’s Surfside collapse have doubled or tripled condo association fees, creating an affordability crisis that is forcing many Florida residents to abandon their homes. Florida’s condominium market is facing a crisis driven not by lack of demand, but by sharply rising costs tied to new state regulations. After the 2021 ...
