Arizona’s housing market is facing an unusual problem: even as inventory has surged 24.7% year-over-year, buyers are finding it harder than ever to make purchasing decisions. The abundance of available homes is overwhelming rather than assisting buyers, according to Melissa Bailey, a real estate professional with Jason Mitchell Group. “Even though we have a higher ...
A notable migration trend is transforming Orlando’s luxury real estate market, with California buyers increasingly opting for Central Florida over established high-end destinations like Miami. This shift is driven primarily by affordability, marking a change in luxury buyer preferences, according to Yashmit Gutierrez, a sales associate at EXP Realty specializing in the Orlando area. Market ...
First-time homebuyers in Arizona are increasingly backing out of contracts at the last minute due to anxiety over payments, leading to legal disputes and financial repercussions that go beyond losing a deposit. This shift in buyer behavior comes as higher interest rates create hesitation, even among those who are financially qualified. “We’ve had more first-time ...
While national real estate media often highlight stories of high demand and low supply, the situation in Jacksonville is noticeably different, according to veteran real estate agent Tobin Bossola of Coldwell Banker Vanguard Realty. In a recent interview, Bossola questioned the prevailing national narrative, emphasizing that Florida markets are experiencing conditions that run counter to ...
Despite national housing market uncertainty, Palm Beach County’s luxury real estate market remains resilient due to continued wealth migration and strong fundamentals, according to one local agent. “The national average moving down to this area is like a quarter million a year average income,” says Jason Litt, Team Leader at Lokation Real Estate. “That’s pretty ...
After 13 years of seller-driven conditions, Florida’s coastal real estate markets are undergoing what Bobby Johnson views as a necessary correction that both agents and consumers should recognize as a normal part of the market cycle. Johnson, a team leader at EXP Realty with 25 years of experience, believes the industry has been delaying this ...
The shift from a fast-paced seller’s market to a buyer-driven environment has brought new challenges for property owners in Sarasota, according to Brett Keyser of RE/MAX Alliance Group. In a recent interview, Keyser discussed how extended selling timelines and evolving pricing expectations are influencing the local real estate market. “A lot of sellers still think ...
A significant disconnect between first-time homebuyer expectations and the realities of the Pensacola market is creating persistent challenges, according to local expert, Real Estate Agent of EXIT REALTY N.F.I., Randy Bricker. This expectation gap, which Bricker describes as “champagne taste with a beer budget,” highlights issues around buyer education and perception in today’s market. “What ...
While national real estate headlines often highlight uncertainty, Amelia Island’s coastal real estate market stands apart, according to local expert Adele Suddes, a real estate sales associate with CENTURY 21 Miller Elite. Data reveals a clear disconnect between national trends and the reality in this Florida coastal enclave. “This area deviates from what might be ...
The home buying process in Palm Beach County has evolved significantly, with buyers taking more time and viewing more properties before making decisions, according to one local agent who sees a fundamental shift in consumer behavior. “They’ll look, they’ll view my listings, and then months later, maybe come back visit again. So they want to ...
A new challenge is emerging in Pensacola’s military housing market, where service members who bought homes during the 2021-2022 surge are now underwater, unable to sell without significant financial loss. Christina Leavenworth of Levin Rinke Realty, a veteran real estate professional with nearly a decade in the Pensacola market, says this situation is having a ...
A significant shift in seller attitudes toward VA loans is highlighting important changes in Florida’s real estate market, according to military relocation specialist Victoria Perez of Tropic Shores Realty LLC. The move from widespread VA loan rejection to broader acceptance is expanding opportunities for military families across the region. “Previously, especially when I first started ...
A massive new development planned for Hernando County, Florida, is raising concerns about infrastructure capacity, according to local real estate expert Victoria Perez of Tropic Shores Realty, who says the project could bring an estimated 10,000 new residents to the area. “Last I heard they were doing 2,500 units,” Perez says of the planned Sandal ...
While Northeast Florida’s luxury real estate market continues to attract buyers from across the country, the most significant source of new residents might surprise observers, it’s South Florida, according to one leading coastal real estate agent. “The biggest state that’s moving to Nassau County Florida is Florida,” says Colleen Gerke of Engel & Völkers First ...
Los Angeles’s affordable housing initiatives are creating unexpected opportunities for multifamily investors grappling with the city’s mansion tax, according to Anna Kampling, First Vice President at CBRE. “The affordable space is really big, which is great in two parts,” Kampling says. “It’s keeping that naturally occurring rent control so teachers and policemen and hospital workers ...
