South Florida’s condo market has entered a downturn, pushing many affluent buyers toward single-family homes. Jerry Lechter, sales associate at Stellar Communities Realty LLC, says the financial case for condo ownership has weakened and no longer appeals to buyers seeking long-term wealth. Rising costs, limited ownership rights, and structural disadvantages are driving this shift. These ...
High-end home sales in South Orange County, California, are holding steady, even as rising interest rates make it harder for most buyers to afford lower-priced homes. According to CaLee McManus, founder of Monarch Real Estate, luxury buyers in South Orange County are largely insulated from the financing challenges that have slowed the broader market. Luxury ...
Extended lease-up periods for newly constructed self-storage facilities are creating a mismatch between construction-loan expectations and the realities of securing permanent financing, according to David Smyle, Vice President at Pacific Southwest Realty Services in California. What was once an 18-to-24-month stabilization period has now stretched to 24-to-36 months. Developers are adjusting financing models and, in ...
The Indianapolis industrial real estate market is stabilizing after several years of oversupply and high vacancy rates. Vacancy rates peaked at 16% two years ago and have since dropped to 9.5%, a decisive shift for a market long considered troubled. Billy Powers, Vice President at Colliers Indianapolis, has observed this turnaround up close. A lifelong ...
Major hotel companies such as Marriott, Hilton, and Hyatt are increasingly expanding by acquiring established boutique hotel chains rather than developing new properties. This strategy allows brands to quickly increase their room count and market presence, avoiding the lengthy and costly process of ground-up construction. Ryan Reich, Founder and CIO of Mountain Shore Properties, explains ...
The self-storage sector is showing early signs of stabilization after its longest stretch of declining rental rates and occupancy in more than a decade. Oversupply and falling rates defined recent years, but industry professionals now see cautious optimism as the market adjusts after its pandemic-era boom. Pandemic Demand Surge Demand for self-storage surged in 2020 ...
The Long Island, NY real estate market continues to show notable stability, especially in its top-rated school districts, where demand remains strong regardless of broader economic fluctuations. This stability stems from one consistent motivator: parents’ determination to secure quality education for their children. In these neighborhoods, the need for quality schools outweighs short-term market cycles ...
Northern New Jersey’s real estate market is defined by a persistent mismatch between strong buyer demand and low inventory, creating an environment where buyers and agents must rely on strategy and preparation rather than simply outbidding the competition. Joseph Scotto, a realtor with CENTURY 21 Cedarcrest Realty with a decade of experience in Morris County, ...
The small New Jersey borough of Metuchen offers a clear example of the housing pressures facing desirable suburbs across the country. With a fraction of the homes once available for sale, Metuchen’s market shows how scarcity, rising prices, and shifting buyer strategies are reshaping access to homeownership and, by extension, the character of entire towns. ...
The rise of remote work has altered where people choose to live, and central New Jersey stands out as a clear example. Once overlooked in favor of more densely populated suburban corridors, the region’s rolling farmland and horse properties now attract a steady stream of buyers leaving crowded urban centers. This influx has kept the ...
Not long ago, a real estate agent’s most valuable asset was access. Buyers who wanted to know what was on the market, what homes had sold for, or what a neighborhood was really worth had one option: ask an agent. The MLS was a professional tool, not a public resource, and that information asymmetry gave ...
Home prices in South Jersey, N.J. continue to rise, driven by tight inventory and steady buyer demand. While other U.S. markets report slowdowns, the region’s affordability, location advantages, and persistent supply shortage are keeping values up and sellers in control. Timothy Belko, team leader of The Results Group at Berkshire Hathaway HomeServices Fox & Roach, ...
New Jersey’s real estate market is attracting urban professionals seeking more space and a sense of community while staying close to major cities. This migration is driven by shifting buyer priorities, new market realities, and evolving approaches to marketing and selling properties. After years of pandemic-driven volatility, buyers and sellers are adjusting to a more ...
Every real estate market comes with a built-in excuse. Rates are too high. Inventory is too low. The rules just changed. It’s easy to look outward when business is hard — but the agents who build lasting careers never do. Across five decades of shifting markets, the ones who last share one trait: they stopped ...
Mortgage rates are double what they were two years ago. Sellers are negotiating. First-time buyer assistance programs are available in most markets. By most measures, the conditions that buyers spent 2022 and 2023 waiting for have arrived. Buyers are still waiting. Ninetta Wandler has watched this happen before. A realtor at RE/MAX Integrity Realty in ...
