Florida’s coastal real estate markets are experiencing a supply problem that isn’t driven by construction capacity or a lack of land. Instead, according to veteran broker Stephen Dutcher, homeowners with low pandemic-era mortgage rates are economically trapped in their homes, creating an artificial inventory shortage that distorts the market in ways previous cycles have not. ...
Builder-offered rate buydowns are drawing buyers away from resale homes in Jacksonville, creating a market split where financing terms, not home quality, determine buyer decisions, according to Jan Rice, a licensed realtor with Momentum Realty Jacksonville. A Growing Divide in Mortgage Rates Jacksonville’s residential market is seeing a pronounced gap in financing options. While national ...
Connecticut’s commercial real estate financing market has split into clear tiers, driven by a fundamental question that now determines whether a property can access capital: Is there a rent level that still makes the economics work, even under stress? For multifamily properties, the answer remains yes. For office buildings, it is increasingly no. Jeff Kravet, ...
The difference between owning a four-unit building and a five-unit building is not just one additional apartment. According to Niko Apostal, managing broker at Essex Three-Twelve, it represents a sharp financing divide that changes deal economics, buyer profiles, and wealth-building strategies in ways that are often overlooked. Federal financing rules treat one- to four-unit properties ...
The Tampa Bay real estate market is experiencing a rapid correction that has caught many by surprise, with property values dropping significantly in some areas while agents adjust their strategies. After years of pandemic-driven price increases, the market is now self-correcting at a breakneck pace, forcing both buyers and sellers to recalibrate their expectations. Jane ...
The proptech industry’s standard approach, offering mortgage products directly to consumers through websites and apps, may not work for assumable mortgages, according to Andy Taylor, founder and CEO of RetroRate and former head of Credit Karma’s mortgage business. Taylor, who has spent years building consumer mortgage platforms, says his experience serving 150 million consumers revealed ...
The U.S. housing market remains largely frozen as homeowners with low fixed-rate mortgages hold off on selling, unwilling to exchange their sub-4% loans for today’s much higher rates. Buyers, meanwhile, face diminished purchasing power and limited options. Andy Taylor, founder and CEO of RetroRate, believes a significant untapped inventory could help ease the gridlock: homes ...
A new challenge is emerging in Central Florida’s real estate market: homeowners who bought at the height of the pandemic boom are finding themselves unable to sell without taking a loss, creating a potential surge of distressed sales in neighborhoods that had previously remained stable. Patricia de Graaff, a licensed realtor and broker associate with ...
The U.S. housing market is weighed down by a vast inventory of low-rate mortgages that could help unfreeze sales, but a fundamental flaw in how Multiple Listing Service (MLS) data is handled means buyers rarely see these opportunities. Andy Taylor, founder and CEO of RetroRate, estimates that about 22% of all homes with mortgages have ...
For more than two decades, real estate technology companies have built consumer-facing search tools and agent platforms. Yet a core problem persists: the data powering these systems is often unreliable, inconsistent, and fragmented across states and counties. Andy Taylor, founder and CEO of RetroRate and former VP of Product at Redfin, says the challenge of ...
Naples’ condo market is facing what one experienced agent calls a structural affordability crisis: post-hurricane assessment hikes of 20 to 30 percent are changing buyer behavior and widening the performance gap between condos and single-family homes, a trend that may persist for years. “I’ve seen now almost $1,000 a month in assessment fees. So that’s ...
The Tampa Bay area’s real estate market is experiencing a notable shift as transaction volumes decrease and market dynamics change. Pasco County, traditionally known as an affordable alternative to neighboring Hillsborough and Pinellas counties, is seeing monthly transactions drop from a peak of 1,500 to approximately 1,200, reflecting broader challenges facing Florida’s residential market. Market ...
Buying a home is one of the most important financial decisions most people ever make. What often gets overlooked is that it isn’t one decision at all, but a sequence of approvals, deadlines, and handoffs — and at several points along the way, small mistakes can quietly turn into expensive ones. Alex Mayer, a real ...
Open houses in Jacksonville look very different today from how they did just a few years ago. In 2021 and 2022, many homes attracted multiple offers within days of listing, often selling above asking price. Buyers frequently waived inspections to stay competitive, and sellers had little reason to negotiate on price or terms. That pace ...
Just three months ago, Jacksonville homebuyers were scrambling to compete – making rushed offers, paying well above asking price, and agreeing to buy homes “as is” without the usual safety nets. Today, that pressure has eased. Buyers have regained leverage, and the shift is changing how both sides approach the market. After years of sellers ...
