The affordable housing market in Florida faces a significant supply shortage that developers are not addressing, despite broad recognition of the crisis, according to Justin Ford, Founder and CEO of Pax Properties, LLC. In a recent interview, Ford detailed the major barriers to workforce housing and described his approach to addressing the issue. “Everyone’s talking ...
The definition of luxury real estate in South Florida has changed significantly, with the minimum entry point for waterfront luxury properties rising from $1 million to $2.5 million over the past two decades. This reflects broader market dynamics that have shifted the luxury landscape in areas such as Aventura and Sunny Isles Beach, according to ...
The South Florida luxury market is experiencing a pronounced split, with single-family waterfront properties outperforming older condominiums, which are now facing a crisis due to new reserve requirements and increasing assessments. Ruth Abeckjerr, broker-owner of Miami Connections Realty LLC, describes the condo market as “flat” and challenged by regulatory changes that could lead to further ...
The Cove neighborhood in Panama City is drawing renewed attention from investors and renovation-minded buyers, despite challenges that have previously discouraged mainstream interest, according to Michele Monastra, a realtor with Epique Realty Inc. In a recent interview, Monastra discussed the waterfront community’s untapped potential and the factors behind its growing appeal to those open to ...
A significant shift in what qualifies as middle-class housing is happening in Wellington, where local real estate expert Alan Monica of RE/MAX Prestige Realty now identifies $600,000 as the starting price for an affordable family home. This change is altering who can access Wellington’s highly regarded school districts and family-oriented neighborhoods. “It’s hard to really ...
As days on market increase and competition intensifies, one Southwest Florida real estate expert is finding consistent success by prioritizing personal branding over traditional sales tactics. Samantha Hoagland Corrochano of The Dellatore Real Estate Company explains how a shift in marketing focus has become a key factor in outperforming the local market. Samantha Hoagland Corrochano ...
National media coverage of housing market struggles is creating a disconnect between buyer expectations and market realities in South Florida, according to Ashla Johnson, a licensed broker with Couture Realty Advisors. Johnson describes how mainstream news consumption is driving unrealistic buyer behavior that complicates transactions across the region. “Buyers know that, right? They’re turning on ...
A significant new cost is impacting Wellington’s real estate market as insurance companies tighten requirements, forcing sellers with older roofs to complete costly replacements before listing their homes. Brian Wilder, team leader at Keller Williams Realty Wellington, says this represents a fundamental change in how transactions are structured and financed. Twenty-Year Roof Limit Becomes a ...
While national headlines focus on housing market struggles, South Florida’s luxury real estate sector is showing resilience, according to Ashla Johnson, a licensed broker with Couture Realty Advisors. In a recent interview, Johnson described how the high-end market’s distinct dynamics have created a disconnect from the challenges facing mainstream housing. “The luxury market, I feel ...
What lies ahead for the luxury real estate market in Fort Lauderdale? According to Kevin O’Neil, a Realtor with Balistreri Real Estate, the landscape is showing early signs of recovery despite broader market headwinds. In a recent interview, O’Neil provided insights into emerging trends and what buyers and sellers should expect in the coming months. ...
The residential market in Southwest Florida is undergoing what local expert Billee Silva describes as a necessary correction, following the extraordinary buying activity during the pandemic. In a recent interview, Silva shared her perspective on how this market adjustment is changing the real estate landscape and why many sellers are finding it difficult to adapt. ...
A noticeable shift is underway in Manhattan’s luxury housing market as cryptocurrency millionaires and other new wealth holders increasingly choose townhouses over traditional co-op and condominium buildings, according to Steven Tanen, an associate attorney at Starr Associates LLP who specializes in high-end residential transactions. This trend highlights a disconnect between how modern wealth is generated ...
The complexity of Manhattan townhouse transactions goes well beyond typical residential deals, involving everything from 150-year-old party wall agreements to the timing of cryptocurrency liquidation, according to Steven Tanen, an associate attorney at Starr Associates LLP who handles high-end residential acquisitions. Tanen recently managed a $10 million Brooklyn townhouse sale that highlighted the challenges in ...
Miami’s luxury real estate market in the $2-5 million range is showing notable stability compared to lower-priced properties, according to Kateryna Pierova, Broker/Owner of Realestatika, LLC. In a recent interview, Pierova discussed how current market conditions are creating a distinct divide between price segments in Miami’s real estate scene. “In luxury real estate, many clients ...
Miami’s luxury real estate market appears to be thriving, with price per square foot reaching record levels, but local expert Sep Niakan says these statistics are misleading. In a recent interview, Niakan, owner and broker of Blackbook Properties with 20 years of experience in Miami real estate, explained how statistical anomalies are masking actual price ...
