Builders in the North Dallas suburbs have enough standing inventory – and enough willingness to discount – that they are effectively setting the terms for the entire housing market. Resale sellers who price correctly and maintain their homes well are still finding that properties sit, not because of any flaw in the home, but because ...
Nationally, housing inventory is rising, and leverage is shifting toward buyers. Chicago is not following that pattern. Inventory remains tight, particularly in single-family homes, and the structural reason is straightforward, according to Zohaib Khurshid, a listing agent with RE/MAX Premier: homeowners locked into mortgage rates of two or three percent have little financial incentive to ...
Most residential markets follow seasonal patterns shaped by school calendars and weather. Hampton Roads, Virginia, follows those too, but layered on top is a second cycle driven by military Permanent Change of Station orders, known as PCS moves. With Norfolk Naval Base, Oceana, Coast Guard installations, and Air Force facilities spread across the region, the ...
Most residential real estate markets are driven by people who need a place to live. California’s high desert, the stretch of communities surrounding Joshua Tree National Park, from Palm Springs southwest of the Morongo Valley, Yucca Valley, and Twentynine Palms, operates on a different ratio. Roughly 75 percent of buyers in this market are purchasing ...
When people talk about what is holding back the luxury housing market in Los Angeles, they tend to focus on interest rates and economic uncertainty. Adam Brawer, a residential agent focused on the west side of Los Angeles, points to a different factor: a local transfer tax that has compounded the rate-lock problem for sellers ...
Across the outer suburbs of Dallas-Fort Worth, new-construction builders are offering mortgage rates that start around five percent – well below what most buyers can get on the open market. The catch is that those homes sit in outlying communities where the drive to work, shopping, and services is significantly longer. For first-time buyers already ...
Thousands of homes burned in Pacific Palisades. The neighborhood is mid-rebuild, partially a ghost town, and priced roughly 20% below where it stood before the fire. In most residential markets, those conditions would signal distress. In Palisades, they are attracting a specific kind of capital: investors buying single-family homes at a discount, renting them for ...
In most metro-adjacent housing markets, demand does not rise and fall evenly. It moves geographically, spreading outward from the employment center in a pattern that rewards close attention to where buyers are landing and where they are pulling back. In North Jersey, that pattern is playing out with unusual clarity right now, and the implications ...
Homes priced above half a million dollars in Collin County are moving steadily. Below that threshold, they sit, sometimes for weeks, because the buyers who need them most can rent for less than a mortgage payment would cost. That dynamic defines the current state of one of the Dallas-Fort Worth metroplex’s fastest-growing counties, according to ...
Madison, New Jersey has an average home sale price of $1.6 million over the past six months – up 19 percent year over year, according to Marybeth Eckhardt, a partner at Boyd Eckhardt Partners. There are currently nine homes listed for sale in the borough, two of which are already in attorney review. That leaves ...
Charlotte continues to attract roughly 130 new residents a day, according to recent estimates. But for developers trying to acquire land in the region, population growth alone is not translating into straightforward transactions. Development costs have climbed, municipal fees have increased, and review timelines have stretched, all of which have widened the gap between what ...
Lake County, Illinois spans a housing market so wide it includes both $60,000 properties and $5 million estates within a single county. That range alone makes it unusual. What stands out right now is the intensity of buyer competition: according to Redfin data cited by Saieshwar Chikoti, a member of RE/MAX Top Performers, as of ...
Condo prices in the Strip District average around $800,000, and townhomes there have sold in the $2 million range. A few blocks away in downtown Pittsburgh, per-square-foot prices run roughly $200 lower, according to Racheallee Lacek, team leader of the Lacek Group at Piatt Sotheby’s International Realty. That gap has created a pricing window attracting relocating professionals, ...
Across much of the Houston metro, homeowners who bought during the pandemic-era run-up are discovering that the math no longer works in their favor. Some are bringing cash to the closing table just to complete a sale. Others are entering short sale territory. And a growing number are competing not just with each other but ...
Two houses in the same neighborhood, same size, same condition – and the single-story sells for more and sells faster. That pricing gap has been widening in North Orange County, California, for roughly five to seven years, according to Darryl Jones, a 36-year veteran of the market who leads the Darryl & JJ Jones Team ...
