Cost-conscious renovation decisions require detailed submarket knowledge, not uniform standards applied across price points. A recent consultation between a Philadelphia builder and Timothy Belko, Team Lead at The Results Group with BHHS Fox & Roach, illustrates a costly mistake common among builders and investors. The mistake is applying the same renovation strategy across different markets ...
Northwest New Jersey’s housing market is sharply divided by price point. Entry-level homes sell in less than two weeks while properties priced between $600,000 and $900,000 linger on the market and often require price cuts. Tara Lauterbach, Sales Associate at RE/MAX Heritage Properties, says the split reflects strong buyer demand for affordable homes and the ...
A clear divide has emerged in Marin and Sonoma counties. Homes that are either fully renovated or deep fixer-uppers are selling quickly. As-is homes requiring moderate work are seeing price reductions and extended time on the market. Rick Warner, Founder and Team Leader of The WE Group at Compass, reports that turnkey homes and those ...
Residents displaced by the Palisades fire are bypassing nearby hillside neighborhoods in favor of lower-elevation areas such as Santa Monica and Brentwood. This relocation trend shows that trauma and practical concerns about fire risk now outweigh traditional priorities such as proximity to former homes. Trey Alligood, Lead Agent at The Alligood Group at Douglas Elliman ...
Real estate agents who avoid tough pricing conversations with sellers create problems that extend well beyond a single failed deal, according to Nicholas Christopher, Team Leader at Christopher Property Group. Sellers who do not understand current market conditions often respond with repeated price reductions, spend unnecessarily on marketing, and ultimately blame the agent when the ...
In Central New Jersey’s rural real estate market, failed deals are increasingly driven by inspection issues rather than affordability or rising mortgage rates. According to Laura Doyle, broker at Century 21 Action Plus Realty, the leading reason transactions collapse in her area is problems uncovered with well water and septic systems, problems neither buyers nor ...
Scottsdale’s luxury real estate market is facing a standoff between sellers and buyers that is slowing sales while keeping prices steady, even as demand has cooled from pandemic-era highs. Rather than lowering asking prices, many affluent sellers are withdrawing their properties from the market to wait for better offers. Kevin Weil, Associate at RE/MAX Excalibur, ...
The industrial real estate market is splitting into two distinct tracks. While demand for large-format warehouses is cooling, operators of small-bay warehouse properties, defined as spaces of 10,000 square feet or less, are reporting near-full occupancy and waitlists. Jim Sapp, Founder and CEO of RISE Commercial District, attributes this divide to lasting changes in how ...
The January 2025 wildfires in Palisades and Altadena caused a dramatic distortion in the Los Angeles coastal housing market, with home prices in some areas rising 32 percent year-over-year by spring, the steepest increase since 2014–2015. Kevin DaSilva, Team Leader at Kevin DaSilva Group at eXp Realty, says the fires forced thousands of affluent households to ...
Atlanta condominium homeowners’ association fees are rising at a pace that is changing the economics of urban ownership. In several buildings, year-over-year fee increases now exceed 40 percent. Jeremy Smith, a condominium sales specialist at Engel & Völkers Atlanta, reports that his own building in Buckhead will see a 46 percent increase in 2026, pushing ...
Physical inspections have become the leading cause of failed home sales in supply-constrained markets. Younger buyers who have already stretched their budgets are increasingly facing unexpected repair costs they cannot afford. Janice Lee, Team Lead and Luxury Property Director at Berkshire Hathaway HomeServices California Properties, says the gap between what buyers can afford to purchase ...
National real estate headlines describing a buyer’s market are misleading buyers who enter highly sought-after micro-markets only to find tight supply, strong demand, and competitive bidding. Janice Lee, Team Lead and Luxury Property Director at Berkshire Hathaway HomeServices California Properties, says broad trends fail to capture what is actually happening in specific neighborhoods, school districts, ...
High-profile sales in South Florida are drawing national attention: a Google founder paid $173 million for a Miami mansion, and a Microsoft exec spent a similar amount on lots in Palm Beach. But beneath these record-setting deals, the reality for most buyers and sellers in Palm Beach County is more complicated. While ultra-luxury properties are ...
In New Jersey’s residential market, buyers are routinely paying more for properties even when identical or better alternatives are available at lower prices. This repeated disregard for a core principle in real estate appraisal, known as the principle of substitution, raises questions about how buyers evaluate homes and what drives their decisions. According to Lilly ...
Artificial intelligence is changing how homebuyers research agents, interest rates, and transaction timelines, but it is also exposing a persistent misunderstanding about what real estate agents actually do. Margaret Cook, Sales Associate at The Cook Team at Berkshire Hathaway HomeServices Fox & Roach, says buyers increasingly arrive with AI-generated information but often underestimate the complexity ...
