For years, real estate observers in the Philadelphia metro region described South Jersey as undervalued – a suburban stretch with beach access and lower taxes that hadn’t caught up to its northern counterpart. That description is outdated, according to Shelby Morgan, Broker/Owner of Morgan Capital Real Estate in Marlton, New Jersey. Prices in parts of ...
Two years ago in the Buffalo metro, getting a home often meant going over the asking price. Buyers approved for $350,000 would bid $360,000 and figure out the difference later. That era is over. According to Lawrence Blaber, a Realtor with WNY Metro Roberts Realty who works with both homeowners and investors across the Buffalo ...
For more than two years, market watchers in the greater Houston area have been bracing for a surge of foreclosures. The logic seemed sound: pandemic-era moratoriums expired, interest rates jumped, and homeowners who stretched too thin would inevitably fall behind. But the wave hasn’t arrived – at least not in the form anyone predicted. What’s ...
Buyers relocating to South Jersey from New York or North Jersey often arrive expecting a bargain. Home prices are lower, lots are bigger, and commute access to Philadelphia remains strong. But the sticker price is only half the equation, and property taxes blindside people who haven’t done their homework, according to Maria Robles, a Realtor ...
Investors who purchased Cleveland apartment buildings in 2021 or 2022 with 3% mortgages and top-of-market pricing now face a sale price gap they cannot close. Mortgage rates sit in the six-and-a-half-percent range, which means buyers today need higher cap rates to make the numbers work, and higher cap rates mean lower prices. Owners who stretched ...
Ocean City, New Jersey, is a barrier island in Cape May County where generations of families have vacationed, rented, and eventually bought property. The town bills itself as “America’s Greatest Family Resort,” and its dry-town status and family-friendly character have created a buyer pool that renews itself decade after decade, largely from the Philadelphia metro, ...
National stories about softening prices in Florida, Arizona, and parts of Texas suggest buyers everywhere hold the cards. In the Minneapolis-St. Paul metro, that assumption is costing buyers deals. Minnesota does not move like those headline-grabbing markets, says Bryan Vant Hof, a Realtor with RE/MAX Advantage Plus and The Minnesota Real Estate Team. Vant Hof ...
Bergen County has long been one of northern New Jersey’s most competitive residential markets; good schools, proximity to Manhattan, and distinct town-by-town character keep demand high. But affordability constraints and persistently tight inventory are now pushing a growing share of would-be Bergen buyers into Passaic, Essex, Morris, and Union counties, according to Heather Corrigan, a ...
It sounds backward, but in New York’s Hudson Valley, paying a higher price for a home in good condition may cost less overall than buying a cheaper fixer-upper. Renovation costs have climbed so sharply that the discount on a home needing work often doesn’t cover the cost of fixing it. A higher purchase price can ...
Home values have climbed steadily in most U.S. markets, but transaction volume remains well below the peaks of 2020 and early 2021. That gap matters more than it might seem: brokerages earn money on deals closing, not on values rising, and when fewer transactions clear, revenue falls even as the cost of running a brokerage ...
For months, publicly traded homebuilders like Lennar and Pulte have held an advantage over individual sellers in slower markets: the ability to offer buyers below-market mortgage rates. In Kitsap County, Washington – a military-anchored peninsula separated from Seattle by Puget Sound – a broker has adapted that mechanism for private resale listings, using rate lock ...
A gap is forming in San Antonio’s luxury home market. Homes that listed near a million dollars just a few years ago are now trading in the $700,000 to $760,000 range. These are sharp discounts that would normally attract a rush of buyers. But the buyers who can actually act on those prices are almost ...
For six years, Rochester’s residential real estate market operated under a simple rule: list it, and it sells. Property values climbed roughly 75 to 80 percent since the pandemic began, inventory shrank by half, and homes routinely drew multiple offers within days. That era is ending, not with a crash, but with a split. Homes ...
The Hudson Valley real estate market isn’t short on demand. It’s short on sellers willing to move. In Dutchess County and the surrounding area, roughly halfway between New York City and Albany, homeowners who locked in mortgage rates of 2% to 3% five or six years ago are staying put, even when their families outgrow ...
San Antonio has long attracted relocating buyers, military families on PCS orders, civilian contractors, and professionals priced out of Austin, because of its relative affordability. But the math that once made the market accessible is now working against both sides of the transaction simultaneously. Sellers who locked in mortgage rates below 3.5% recognize that even ...
