Florida’s real estate market has changed significantly over the past two years. Rising mortgage rates, new condo regulations, and a surge in available homes have shifted the balance of power between buyers and sellers. Here are the three most important trends shaping the market right now—and what they mean for anyone considering a move. Homes ...
A 20-year-old realtor closing nine deals in his first nine months in the Sioux Falls market is unusual. But according to Rockwell Tornow, Realtor® of Amy Stockberger Real Estate, his early success is not about luck or favorable market conditions. Instead, he attributes it to two factors that younger agents can use more effectively than ...
First-time buyers in Sioux Falls are facing a shortage of move-in-ready homes at entry-level prices, leading to challenging negotiations and compromises. While there are plenty of listings in the $200,000 to $250,000 range, few are truly turnkey, creating a mismatch between buyer expectations and available inventory. Rockwell Tornow, a Realtor® with Amy Stockberger Real Estate, ...
Real estate expert Ellen Gvili argues that Category 5 construction standards and advanced hurricane-warning systems make the Florida Keys safer than many earthquake- and tornado-prone regions. Yet, insurance companies continue to charge the region the highest wind premiums in the state. The result is a pricing paradox: lower actual hurricane damage rates but higher insurance ...
Canada’s residential land market has suffered a dramatic collapse over the past two and a half years, with undeveloped land prices down 40 to 50 percent from their peaks, according to Aaron Ulinder, Partner and Executive Vice President at Lennard Commercial Realty in Vancouver. “Land has been hit the hardest, so undeveloped land, and we’ve ...
Sarasota’s residential real estate market is undergoing a significant shift, with builders leveraging aggressive incentive packages that are altering buyer preferences and putting resale sellers at a clear disadvantage. Nazar Bas, a realtor with Coldwell Banker Realty who covers Sarasota, Lakewood Ranch, Parrish, and Bradenton, reports that the landscape has changed sharply over the past ...
Permanent interest rate reductions funded by sellers are becoming the primary form of negotiation in Tampa Bay’s residential real estate market. This shift marks an apparent change in leverage between buyers and sellers as the region moves away from the pandemic-era seller’s market. Chuck Vosburgh, a realtor with NextHome Gulf to Bay, reports that seller-funded ...
Florida’s homeowners insurance crisis has shifted from a secondary concern to the main factor limiting buyer purchasing power in Tampa Bay’s residential market. Chuck Vosburgh, a realtor with NextHome Gulf to Bay, says insurance costs are now so significant that they dictate where and whether clients can afford to buy, often overriding considerations such as ...
Industry veteran Jeff Beggins warns that a combination of federal and state policy shifts will soon drive a surge in demand for Florida residential real estate, leaving investors with fewer opportunities to buy at current prices. Florida’s residential real estate market is approaching a turning point, according to Jeff Beggins, Chief Evolution Officer at CENTURY ...
Florida’s coastal real estate markets follow a consistent recovery timeline after hurricanes, according to Jeff Beggins, Chief Evolution Officer at CENTURY 21 Beggins Enterprises. Beggins says this pattern creates a specific window for investors willing to act before the data confirms a rebound. “Typically, it’s 18 to 24 months after hurricane impact that you get ...
Florida’s insurance crisis has dominated real estate headlines in recent years, with many industry observers citing rising premiums as a major obstacle to home sales. However, Nazar Bas, a realtor with Coldwell Banker Realty who works with both investors and residential buyers in Sarasota and nearby markets, says insurance is no longer the deal-breaker many ...
Buyer preferences are changing rapidly in residential real estate, with first-floor primary suites—bedroom, bathroom, and closet space located on the main level—now driving demand among multiple buyer segments. Sarah Peters, Team Leader at eXp Luxury Realty, says these features have moved beyond their origins as accessibility accommodations to become mainstream selling points that influence pricing ...
A clear pattern is developing in mature suburban real estate markets around major cities, according to Sarah Peters, Team Leader at eXp Luxury Realty. Walkability has moved beyond a lifestyle perk to become a decisive factor in pricing, changing the competitive landscape and limiting access for some buyers. “We’re seeing major trends with baby boomers ...
The Florida Keys present a real estate scenario that often confuses investors: the same historic preservation guidelines and zoning restrictions that create long permitting processes and costly restoration requirements also underpin the market’s resilience during downturns, according to Ellen Gvili, global real estate advisor at Ocean Sotheby’s International Realty. “The Key West market is one ...
The Sarasota real estate market is dividing sharply along geographic lines, with planned communities like Lakewood Ranch continuing to attract buyers and investment while outlying areas that surged during the pandemic are now seeing prices fall. This divergence marks a significant shift from the broad-based appreciation that characterized the market just a few years ago. ...
