South Florida’s luxury real estate market is increasingly split between ultra-high-end properties that attract record-breaking prices and a mid-luxury segment struggling with rising interest rates, soaring insurance costs, and more selective buyers. This divide is most visible in Palm Beach County, where billion-dollar deals make headlines even as homes in the $2.5 million to $5 ...
The real estate markets in Florida and New York are undergoing significant adjustments as the pandemic’s effects fade and local forces regain influence. Grace Folias, Owner & Team Lead at the Modern Approach Real Estate, in both Queens, New York, and Fort Lauderdale, Florida, sees these changes firsthand and describes how each region is now ...
Water scarcity has become a pressing concern for North American real estate developers. Rapid population growth in states like Florida and development slowdowns in Canadian municipalities due to limited water capacity are forcing the industry to confront infrastructure limitations. Graywater recycling technology, once a niche solution, is now gaining traction as both an environmental and ...
The healthcare real estate sector is attracting renewed lender interest as capital markets search for alternatives to traditional multifamily investments. With around $4 billion in annual transaction volume, Eastern Union has become a key player in this trend, mainly through its healthcare division led by Nachum Soroka. Eastern Union’s healthcare group, active for over eight ...
The multifamily development landscape in the New York metropolitan area presents significant challenges for small-scale developers, from complex regulations to rising construction costs. Yet some developers are finding ways to keep projects viable in what is now the world’s most expensive construction market. James Smithmeyer, founder of JMJ Contracting and Development LLC, has built a ...
Litchfield County’s real estate market has become a battleground between local working families and deep-pocketed second-home buyers. As high-income buyers from out of town drive up demand and prices, many year-round residents struggle to compete for a shrinking supply of homes. LeeAnn Asklar, a realtor with E.J. Murphy Realty, is using skills she honed over ...
In Bergen County’s current real estate market, where homes routinely sell above asking price and inventory remains tight, the biggest obstacle to closing deals is not price but property condition. Paula Clark, a 30-year industry veteran and team leader of The Paula Clark Group, reports that inspection contingencies have become the primary source of negotiation—and ...
The Florida Keys luxury real estate market is showing a counterintuitive trend: sales of canal-front homes have surged nearly 59% over the past year, even as average prices have dropped by 9%. At first glance, this divergence might suggest distress or weakening demand. But according to Michaela Walters, Broker Associate at Walters Luxury Group, the ...
When real estate deals fall apart, agents often blame the home inspection. MLS listings routinely cite “inspection issues” or claim “buyer did not perform” when properties return to the market. But Artur Tyszka, co-lead of the Tyszka Team at Keller Williams in Wayne, New Jersey, says this explanation misses the real problem. “Most deals fall ...
Florida’s coastal real estate markets are facing a marked shift in international participation, as Canadian and European buyers pull back and foreign owners list properties at a higher rate. According to Bob Ruiz, a realtor with Ruiz Group SRQ at William Raveis Real Estate, this reversal is adding pressure to markets already struggling with excess ...
A growing management gap between corporate leadership and field agents is reshaping the real estate industry, according to Bill Crespo, CEO and founder of Path2PRO Coaching. Many brokerage organizations are led by executives with no direct experience in real estate sales or managing agents, creating a disconnect that is opening the door for institutional consolidators ...
Rising inventory in Northeast Florida has changed how real estate agents approach pricing, according to Shelby Hodges, team leader at The Shelby Hodges Group in St. Augustine. Instead of setting a firm listing price based on their expertise, agents now present sellers with a data-driven price range and allow them to choose the final number, ...
While many real estate investors focus on mortgage rates and purchase prices, a less visible cost increase is steadily eroding short-term rental (STR) margins. Basic consumables that hosts must provide to guests – coffee, toilet paper, paper towels – have seen double-digit annual price hikes. These increases rarely appear in initial financial projections but accumulate ...
Earlier this year, an overseas property owner discovered a costly breakdown in communication with his Miami property manager. After weeks without updates or rent transfers, he learned the manager had covered building expenses out of pocket and was redirecting rent to reimburse himself—without informing the owner. The dispute ended up in court, but the situation ...
A significant pricing war is taking shape in Florida real estate markets, as builders use deep discounts and below-market mortgage rates to move inventory. This strategy, according to veteran realtor Bob Ruiz of Ruiz Group SRQ at William Raveis Real Estate, has created a market where homeowners who bought in the past two years cannot ...
