Uri Sefchovich, a luxury real estate agent with Coldwell Banker in Miami, warns that investors seeking distressed properties and high rental returns are relying on outdated assumptions that no longer apply in today’s market. Distressed Inventory Has Disappeared Miami’s residential market no longer offers the distressed inventory that defined previous investment cycles. Sefchovich states that ...
The short-term rental investment surge that defined much of the pandemic-era real estate market has ended in coastal Florida, according to a local agent monitoring the trend. The primary reason is not regulation or oversupply alone, but a decline in returns as property prices have outpaced rental income growth. “We’re seeing fewer Airbnbs. The market ...
In markets with active new development, builders have a structural advantage over individual home sellers, according to Florida Realtor Zach DiFilippo of Coldwell Banker Premier Properties in St. Augustine. DiFilippo points to the vertical integration of builder operations — where construction companies typically own the lender and the title company — as a key reason ...
Insurance has become a frequent obstacle in Florida real estate transactions. Still, one agent argues that deals collapse mainly when agents fail to anticipate and address insurance issues early, rather than because insurance is inherently unmanageable. “It’s easy for a deal to fall apart because of insurance if you don’t know what you’re doing,” says ...
Investor demand for South Florida condominiums has sharply declined as the economics of ownership no longer support positive cash flow, according to Melissa Galada, a realtor with RJM Real Estate Corp who specializes in the Boca Raton and Delray Beach markets. Galada reports that properties which would have attracted immediate investor interest two or three ...
The 2024 hurricane season has heightened concerns about the risk to Florida real estate. Still, the pattern of actual damage tells a more specific story, according to Jose Cardenas, principal at Premier Sotheby’s International Realty. The majority of flood-damaged homes were older, single-story structures built decades before current building codes, not modern construction. “Most of ...
South Florida’s real estate market has cooled sharply from the pandemic-driven surge of 2021-2022, but many homeowners have yet to adjust their expectations. Melissa Galada, a realtor with RJM Real Estate Corp who has served the Boca Raton and Delray Beach markets since 1999, says that sellers who bought during the boom are now the ...
Mom-and-pop landlords who built up portfolios of single-family rental homes over decades are discovering their properties are worth far less than anticipated, as institutional buyers focus on income streams rather than individual home values. Tom Johnston, Executive Director of the WP Carey Center for Real Estate and Finance at Arizona State University, says the single-family ...
The luxury real estate business operates on a fundamentally different timeline than most professionals realize, according to Jed Weaver, a Realtor with The Keyes Company who has spent two decades in South Florida’s high-end markets. “The average real estate agent is going to close five deals a year, but those five deals come very seasonally,” ...
Tampa is attracting a new class of ultra-wealthy buyers who already own properties in cities like London, Dubai, and New York, according to Jose Cardenas, principal at Premier Sotheby’s International Realty. These buyers are not first-time homeowners or typical investors. Instead, they are adding Tampa to their global portfolios for its unique lifestyle offering rather ...
Buying your first home in Omaha can be overwhelming. What seems straightforward at first quickly turns into a complex process involving paperwork, strict deadlines, and a team of professionals you may not expect. A misstep can cost you weeks or thousands of dollars. Nicki Headen, a top-producing Realtor with eXp Realty in Omaha, has guided ...
Florida’s coastal markets, especially Sarasota, are seeing a surge in new-home construction, altering both the supply landscape and investment opportunities. Ray Collins, a realtor at Coldwell Banker Realty, describes a development scale that is reshaping how buyers and investors approach market timing and property selection. “There’s a lot of new construction going on right now ...
Walk into a Sunday open house in Key West’s historic Old Town, and you’ll see a different scene than just two years ago. Instead of buyers lining up outside Victorian cottages and bidding over the asking price, most listings now see just a few showings each weekend. Homes that once sold in under a week ...
Buying your first home is often more complex than expected. Instead of a straightforward process, you may find yourself managing paperwork, strict deadlines, and multiple parties you didn’t know would be involved. Simple mistakes can lead to costly delays or lost opportunities. Rockwell Tornow, a realtor with Amy Stockberger Real Estate in Sioux Falls who ...
Sioux Falls, South Dakota, continues to attract new residents at a rapid pace, defying expectations for a city known for harsh winters and unpredictable weather. People are moving in from the coasts, large metropolitan areas, and smaller towns throughout the Midwest. They come for job opportunities, affordable living, and a strong sense of community that ...
