New York City’s small multifamily market has split into two distinct economies operating under the same skyline. Rent-stabilized buildings are trading at steep discounts as owners contend with a rent freeze, rising taxes, and climbing utility costs – with no mechanism to increase income. Market-rate properties, meanwhile, are appreciating 5 to 10 percent annually, according ...
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Most small markets have a dominant property type. Angola, a village in Erie County near the southern shore of Lake Erie, has village homes, rural properties with acreage, manufactured homes, and lakefront houses all packed into a radius small enough that a buyer can tour four completely different housing categories in a single afternoon. That ...
Two large-scale municipal bets are converging in Rochester, New York: the city is replacing a mid-century expressway loop that cut downtown off from surrounding neighborhoods, and it is overhauling its entire zoning code and map to better match how properties are actually used. The first effort has already produced visible results. The second is now ...
Most housing markets describe low inventory as a supply problem. In Hartsdale, a small community in lower Westchester County about 30 minutes north of Manhattan by train, the shortage is a turnover problem, according to Rey Hollingsworth Falu, broker at Hollingsworth Real Estate Group. Homeowners who locked in mortgage rates between 2.5% and 3% during ...
New York City’s housing conversation centers on building more. In South Brooklyn, a less visible shift is adding to the complexity of the situation: the small, family-owned landlords who provided the most stable rental housing in these neighborhoods are selling off their properties. What replaces them is not more housing but a different kind of ...
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Few housing markets have topped national competitiveness rankings as reliably as Rochester, New York, where listings are so scarce that each one draws a crowd. Jason Mancuso, a team leader with the Anthony Butera Team at Keller Williams Realty Greater Rochester, says those rankings match what his agents have lived for years. Lately, though, something ...
Across South Florida, condominium supply has been building since the state tightened safety rules after the 2021 building collapse in Surfside. In Broward County, that surplus has not tipped into crisis, but it has changed how transactions play out. Buyers have more units to choose from, and they have responded by refusing to overpay. “I ...
Across much of the Mid-Atlantic, the balance of power in housing has tipped toward buyers this fall. Mortgage rates have climbed over the past year, raising monthly payments and shrinking what many buyers can borrow. Fewer buyers can stretch their budgets, and those who can are negotiating harder. “We’ve seen the market turn very quickly ...
In most housing markets, price softening spreads more or less evenly across segments. In Collier County, Florida – home to Naples and ranked among the top three U.S. metro areas for its share of millionaire households – the market has split into two distinct tiers. Homes priced at a million dollars and above are still ...
Most relocation stories begin with a job offer. In Dallas, some begin with a college acceptance letter. Across the U.S., the reasons people move are changing as the people moving get older. Repeat buyers, those trading one home for another, are now older than at any point since the National Association of Realtors began its ...
For much of the past five years, apartment owners could count on rent growth to absorb rising expenses. That math no longer holds. Rent increases have slowed, insurance and utility costs have kept climbing, and the difference is coming straight out of net operating income. Bill Douglas, CEO of OpticWise and co-author of Peak Property ...
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