First-time homebuyers in Rhode Island are struggling to compete for move-in-ready properties, but there are alternatives for those willing to adjust their expectations, according to Walt Buteau, a real estate advisor at Engel & Völkers Oceanside. Limited inventory under $500,000 and widespread demand for turnkey homes have created a market where entry-level buyers routinely lose ...
Rhode Island’s house-flipping market remains active, but investors are struggling with rising acquisition costs that are reducing the profitability of renovation projects. Walt Buteau, a real estate advisor at Engel & Völkers Oceanside who specializes in investment properties and flips, says the challenge is not a lack of interest but a sharp increase in prices ...
Seller psychology and demographic trends are creating a housing shortage in Rhode Island that extends far beyond the 20% of homeowners holding onto low mortgage rates, according to local real estate advisor Walt Buteau of Engel & Völkers Oceanside. Rhode Island’s inventory crisis is often blamed on homeowners with sub-4% mortgages who are unwilling to ...
Jacksonville’s real estate landscape has become significantly more challenging for resale sellers, according to Terry Sadowski, a Realtor with RE/MAX Specialists and former new home sales professional. Sadowski warns that outdated pricing tactics are no longer effective as builders roll out aggressive incentives to attract buyers, intensifying competition and forcing resellers to adapt or risk ...
Jacksonville’s real estate market has shifted decisively away from the frenzied conditions of the pandemic years, with homes now selling at an average of 93.5 percent of list price—down sharply from the 100 to 105 percent seen just 18 months ago. According to Terry Sadowski, a Realtor with RE/MAX Specialists and a Jacksonville-area agent since ...
Recent building safety legislation enacted after the Surfside collapse has fundamentally changed the balance of supply and demand in Miami’s luxury condo market, but not in the way most expected. Joelle Oiknine, Senior Global Real Estate Advisor at One Sotheby’s International Realty, reports that mandatory building assessments are now shaping distinct buyer and seller behaviors ...
While St. Johns County continues to attract the bulk of buyer attention in Northeast Florida, some areas remain undervalued despite solid fundamentals and new development. According to Terry Sadowski, a Realtor with RE/MAX Specialists who has worked across Jacksonville, St. Johns County, and Clay County for nearly four decades, buyers willing to look beyond the ...
Despite headlines suggesting a slowdown in Miami’s luxury real estate, the market is not experiencing a uniform decline. Instead, it is splitting into distinct tiers, with ultra-luxury properties above $10 million selling rapidly while homes in the $1–5 million range face mounting inventory and sluggish demand. Joelle Oiknine, Senior Global Real Estate Advisor at One ...
The Florida residential real estate market is suffering from slow response times and complacency among local agents, according to Joseph Bograd, team leader of The Bograd Team. When Bograd tried to rent a property in Florida four years ago, he experienced delays that would be unacceptable in his Pennsylvania market, and he immediately recognized an ...
South Florida’s condominium market is facing a crisis driven not by sale prices but by the soaring insurance premiums that are baked into monthly association fees. As those master-policy costs climb, the fees tied to them have doubled or even tripled, leaving many entry-level units effectively out of reach for the buyers who once relied ...
Rhode Island’s luxury real estate market has shifted dramatically, with out-of-state buyers now representing about half of all transactions above $1 million. According to Matthew Antonio, broker/owner of Corcoran Chart House Realty, this influx marks a clear divide: buyers of homes under $1 million are largely local, while the luxury tier is increasingly dominated by ...
Rhode Island’s housing market has hit a critical affordability threshold, sharply narrowing the pool of potential homeowners. With the statewide median approaching $500,000 and projections suggesting it could reach $600,000 by 2027, the state is facing a crisis that threatens to change its demographic and economic landscape. “It’s getting harder and harder to find a ...
The luxury real estate market in Vero Beach is showing renewed momentum after a period of slower activity, according to Agnieszka Szymanska, a leading realtor at Dale Sorensen Real Estate. Szymanska, who has nearly 15 years of experience in the Treasure Coast luxury market, points to infrastructure improvements and demographic changes as key factors driving ...
South Florida’s luxury condo rental market is facing a sharp decline in profitability, with investors offloading properties purchased less than a year ago as high HOA fees and soaring insurance premiums wipe out expected returns. According to Joseph Hunike, COO of Threshold, these escalating costs are undermining the economics of high-end condo ownership, pushing even ...
Hundreds of churches across America are facing abandonment and deterioration, and a regulatory bottleneck in the federal historic tax credit program is blocking their adaptive reuse. Preservation experts warn this problem is growing more urgent, with few viable solutions in sight. Michael Puma, principal at Preservation Studios, has overseen about 60% of New York State’s ...
