Most first-time buyers in New Jersey are competing against investors for the same homes – not single-family houses, but small multifamily properties with two to four units. Both groups want them for the same reason: rental income from the additional units either justifies the investment or makes the mortgage affordable. The result is that correctly ...
Metro Detroit remains one of the few major metropolitan areas where an investor can acquire a property for under $100,000, put in rehab work, and still generate positive cash flow. That affordability continues to attract capital from across the country, but financing these deals and structuring them to survive a missed assumption requires more nuance ...
A home listed at $350,000 in Bakersfield, California, looks like a bargain compared to what the same money buys in Los Angeles or the Bay Area. But out-of-town investors keep making the same mistake: they chase the purchase price and ignore whether the rental income can actually service the debt. Ernesto Osuna, Broker/Owner of D ...
A city of roughly 68,000 to 72,000 people does not typically support 34 simultaneous new-home developments. But Celina, Texas, one of the fastest-growing cities in the United States over the past five years, is operating at a pace that forces resale homeowners into direct competition with publicly traded builders who adjust pricing on weekly data ...
Bakersfield’s housing market sits in an unusual position for California: median prices around $400,000, rising inventory, and builders actively offering credits and rate buydowns to attract first-time buyers. The result is a market where resale sellers who ignore what’s happening next door, sometimes literally next door to a new construction community, are watching their listings ...
The common shorthand for Nashville’s housing market, either “still hot” or “finally cooling,” misses what’s actually happening on the ground. According to Kortney Wilson, Founder & Team Leader of The Kortney Wilson Group at eXp Realty, the metro area is behaving less like a single market and more like a collection of distinct submarkets, each ...
The short-term rental boom that swept through New York’s Hudson Valley during the pandemic years has given way to a less forgiving environment. Regulations are tightening across municipalities, operational costs have risen, and supply has flooded the market as second-home owners listed their properties on rental platforms simultaneously. STR investors are pulling back, and a ...
The starter home in South Jersey used to cost around $250,000. That number has shifted upward by roughly $100,000 to $150,000 depending on the county, pushing the introductory price into the $350,000 to $400,000 range, according to Maria Robles, a Realtor Associate Broker with Real Broker, LLC, who has worked the South Jersey market for ...
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 ...
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, ...
For much of 2023 and 2024, Texas multifamily operators were fighting a war of attrition; new supply flooded Sun Belt markets, concessions became standard practice, and occupancy rates slipped across the board. Now, as that supply wave recedes and short-term loans originated in 2021 and 2022 reach maturity, a different dynamic is emerging: lender-owned assets ...
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 ...
