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 ...
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 ...
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 ...
Spokane’s residential market has settled into a pattern that rewards discipline and punishes nostalgia. Sellers who list based on what they remember from a few years ago – when homes drew multiple offers within days – are finding that the market has moved on without them, according to Kim Hagel-Barkley of The Barkley Group in ...
The gap between Houston’s residential market and its coastal neighbor shows what happens when short-term rental speculation meets a correction. Harris County, Texas, currently has roughly six months of housing inventory – enough to classify it as a balanced-to-soft market where sellers need to price carefully and present homes in strong condition. But the sharper ...
For decades, home appraisals have arrived as dense, narrative-heavy documents filled with jargon that most buyers skim before handing back to their lender. A sweeping data-standards overhaul now rolling out across the industry is changing that – and according to Narainder Chandwani, Founder & CEO of apprAIz, a GSE-verified technology platform for appraisers, the new ...
Housing affordability is the standard explanation for rising rental delinquency, and it is accurate but incomplete. Stagnant wages and rising housing costs are squeezing tenants, but according to Dana Dunford, CEO and co-founder of Hemlane, a property management platform serving landlords with one to 250 rental properties, a less discussed factor is compounding the problem: ...
The towns wedged between Newark and Jersey City – Kearny, North Arlington, Harrison, Belleville, don’t generate the same national attention as their larger neighbors. But for buyers priced out of New York City and looking for a short commute via PATH train, bus, or turnpike, this cluster of communities has become a landing zone. The ...
Homebuyers in the western Houston suburbs are seeing more inventory than they’ve had in years, but their budgets aren’t stretching as far as they once did. With resale homes in the Katy area averaging 61 days on the market and conventional mortgage rates near 6.7%, the gap between what new construction can offer, particularly to ...
Philadelphia’s residential market has entered a period where the margin for error on listing price has narrowed considerably. Properties priced at market value and presented well are still moving within days. Properties priced even slightly above what the market will bear are sitting, and the longer they sit, the harder they become to sell. That ...
In a metro area long defined by the stability of federal employment, the Washington, D.C. real estate market is splitting along lines that track closely with buyer mobility. Single-family homes in the District’s upper northwest neighborhoods are still selling quickly. Condos in historically strong areas like Dupont Circle and Logan Circle are sitting. And roughly ...
