A bill recently introduced in the Colorado state legislature sought to give taxing authorities and local districts the power to hold elections on vacancy taxes. This bill does not impose a vacancy tax directly. The concept has been floated, the conversation has started, and property owners and real estate professionals across Colorado would do well ...
The era of pandemic-driven real estate in Hampton Roads, when homes sold within days regardless of season, has ended. Sellers accustomed to immediate offers and bidding wars now face a slower, more deliberate market. Dan Patton, a realtor with Prodigy Realty LLC, says the region has returned to a normal seasonal market, where homes listed ...
While national headlines focus on mortgage rates as the main force shaping the housing market, John Finn, Jr., Senior Managing Broker at United Real Estate Richmond, says this misses the real problem: a persistent shortage of homes for sale. According to Finn, the main constraint isn’t financing — it’s inventory — and that scarcity is ...
As Phoenix’s housing market grows more competitive, locals are paying close attention to a handful of neighborhoods where new investment, infrastructure, and job growth are quietly taking hold. These areas aren’t the ones dominating headlines or sparking bidding wars like Scottsdale or Arcadia, but they’re seeing steady momentum as buyers and developers move in ahead ...
Huntsville’s average home price has climbed to around $375,000, creating a widening gap between the city’s rapid employment growth and the availability of homes affordable to incoming workers. Nina Soden, Associate Broker/Realtor at The Soden Team of Legend Realty, says the current market is not positioned to meet the needs of the thousands of new ...
The Bergen County residential market has split into clear tiers based on location, with properties in flood zones, on busy streets, or near railroad tracks now taking much longer to sell. During the pandemic, almost any home would move quickly, regardless of its location. Now, buyers are scrutinizing location as the primary non-negotiable factor in ...
Chicago is a city of neighborhoods, each with its own loyal following and claims to fame. But recently, one area has been attracting locals, real estate agents, and homebuyers seeking value and character: Printers Row. With more people touring homes, trading tips, and considering a move, this historic neighborhood is quietly becoming one of Chicago’s ...
Most people think a real estate commission goes straight into an agent’s pocket. It doesn’t. By the time a sale closes, that money has passed through multiple hands, covered a long list of expenses, and funded the entire operation behind your transaction. “A lot of people don’t realize how much of that commission gets split ...
Two major hurricanes in fall 2024 flooded properties across St. Petersburg, creating a surge of damaged inventory and changing how agents price and market homes. Jake Maisner, COO and Partner at Jac Smith Group with Keller Williams St. Pete Realty, says the flooding pushed a large number of damaged properties onto the market, forcing agents ...
In many real estate markets, entry-level homes sell quickly while luxury listings take longer to move. But in Boca Raton and Delray Beach, the opposite is currently true. Million-dollar homes are attracting rapid offers, while properties under $500,000 are sitting on the market for weeks or even months. This reversal surprises both buyers and sellers ...
Buyers who spent the past two years waiting for lower interest rates are now returning to the Austin market, even though rates remain elevated. According to Nancy Taute, Realtor at Compass RE Texas, many buyers who stayed on the sidelines for 12 to 24 months believe further waiting no longer makes sense. This marks a ...
Hotel owners are facing a profitability squeeze that extends beyond rising interest rates. Brent Jaynes, Managing Partner at Leisure Real Estate Advisors, says operators are contending with sharp, simultaneous increases in insurance, labor, and commodity costs that cannot be offset by raising room rates alone. This pressure on cash flow is changing day-to-day operations and ...
Joseph DeNaro, a realtor at Realty ONE Group Emerge, says buyers in the luxury secondary home market are more likely to walk away from deals they would have accepted a year ago. This reflects a shift in how economic uncertainty is influencing buyer decisions. DeNaro, who specializes in New Jersey’s beach market, sees this trend ...
Miami’s luxury condo market is known for its high-profile branded towers – names like Cipriani, St. Regis, and Four Seasons dominate headlines and attract buyers willing to pay a premium for brand recognition. But beneath the surface, a quieter trend is emerging: non-branded luxury developments are offering comparable finishes, top locations, and resort-style amenities at ...
Investors entering the Austin real estate market expecting steady monthly cash flow often overlook a fundamental obstacle: Texas’s high property taxes. According to Soomin Kim, Team Leader at Soomin Kim Group (eXp Realty), many out-of-state buyers misjudge Austin’s investment landscape by focusing on rental income without fully accounting for the state’s tax structure. As a ...
