You find the perfect house in Yonkers, New York, but your insurance quote comes back at $4,200 — adding $350 to your monthly payment. That might not seem that bad, until you realize it could push your debt-to-income ratio over the lender’s limit, killing your mortgage approval entirely. The house isn’t just more expensive. It’s ...
If you’ve been watching the Jersey City real estate market, you’ve likely noticed an emerging pattern: single-family homes are lingering on the market, while two- and three-family properties are selling quickly. Sandy Cuevas, sales associate with Weichert Realtors specializing in North Jersey, says the trend is being driven by buyers seeking ways to manage today’s ...
If you’re considering buying, selling, or renting in Atlanta, you’re entering a market that is changing more quickly than many realize. The rules that governed real estate here for the past few years no longer apply. Mortgage rates have risen sharply, price reductions are happening sooner, and renters are seeing incentives reappear after years of ...
Sellers in New York’s Hudson Valley are discovering an uncomfortable truth: record home prices don’t guarantee a quick sale. The median has climbed to an all-time high of $350,000, yet homes are lingering on the market, offers are getting scarce, and the bidding wars of the pandemic years are gone. For buyers, that’s good news. ...
Open a front door at a Bergen County open house today, and you’ll likely find a crowded sign-in sheet, buyers submitting offers within days, and sellers fielding multiple bids on homes under $800,000. While much of the country has shifted to a slower, more balanced housing market, Bergen County remains firmly in seller’s territory. Homes ...
After years of funding development and value-add projects through equity, major institutional investors are now focused on debt. The shift accelerated after the Fed began raising rates in March 2022. As property valuations fell and financing costs rose, equity returns compressed while credit returns — buoyed by higher rates — became more attractive for the ...
Media narratives about all-cash purchases, unemployment, and a California exodus often misrepresent conditions in Silicon Valley’s luxury residential market, where local trends differ sharply from national patterns. Hiep Nguyen, Team Lead at Hiep Nguyen Group at Christie’s International Real Estate Sereno, says the biggest challenge facing Los Altos, California, buyers and sellers is the misapplication ...
Inspection-related problems are the leading cause of failed real estate deals in Northern New Jersey, with sewer line cracks and other structural issues stopping transactions even after buyers and sellers have agreed on price and terms. According to Joseph Scotto, a realtor at CENTURY 21 Cedarcrest Realty in Morris County, New Jersey, the highly competitive ...
Lease-to-own housing often conjures up cautionary tales: families losing deposits, deals falling apart, or contracts that turn out to be unenforceable. Those risks are real — and so are some less-discussed financial drawbacks. Buyers should know going in that lease-to-own typically costs more than a conventional purchase, and that option fees and rent credits can ...
A California law requiring balcony inspections has created a split in the state’s housing market, making many condominium buildings difficult to finance and sell. At the same time, single-family homes continue to attract strong buyer demand. Kevin DaSilva, Team Leader at Kevin DaSilva Group at eXp Realty, says the law requires condo associations to complete structural ...
In New York’s Hudson Valley, you might expect high mortgage rates – now hovering around 6% to 7% – to push more people into renting. Instead, landlords are cutting rents, offering move-in specials, and watching units sit vacant for weeks. At the same time, homes priced under $500,000 are still selling quickly, with many going ...
If you looked only at agents’ appointment books and weekend open houses, you might think the housing market was finally picking up steam. Mortgage-rate cuts have improved buyer confidence and increased market activity. The problem is that – at least so far – that activity hasn’t translated into increased sales. Rates have slipped somewhat from ...
South Carolina is at the center of the Southeast’s ongoing population boom, attracting buyers from across the country with its lower taxes, strong schools, and recreational amenities. The Columbia-Lexington area highlights this trend, where luxury homes are selling as quickly as entry-level properties, defying the national slowdown in high-end real estate. Wendell Arsi, founder of ...
While much of the country’s housing market is cooling, the San Gabriel Valley stands out for its continued strength. In this region east of Los Angeles, multiple offers remain common, and inventory is tight, defying expectations of a buyer’s market that dominates national headlines. Janice Lee, a 41-year real estate veteran and luxury property director ...
While real estate markets across the country are cooling and buyer activity is declining, northern New Jersey stands out as a region where demand remains strong, and competition among buyers is intense. The area’s luxury market continues to attract qualified buyers, with many properties receiving multiple offers above the asking price. Armene Abbattista, team leader ...
