Charlotte continues to attract roughly 130 new residents a day, according to recent estimates. But for developers trying to acquire land in the region, population growth alone is not translating into straightforward transactions. Development costs have climbed, municipal fees have increased, and review timelines have stretched, all of which have widened the gap between what ...
Lake County, Illinois spans a housing market so wide it includes both $60,000 properties and $5 million estates within a single county. That range alone makes it unusual. What stands out right now is the intensity of buyer competition: according to Redfin data cited by Saieshwar Chikoti, a member of RE/MAX Top Performers, as of ...
Condo prices in the Strip District average around $800,000, and townhomes there have sold in the $2 million range. A few blocks away in downtown Pittsburgh, per-square-foot prices run roughly $200 lower, according to Racheallee Lacek, team leader of the Lacek Group at Piatt Sotheby’s International Realty. That gap has created a pricing window attracting relocating professionals, ...
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 ...
Two houses in the same neighborhood, same size, same condition – and the single-story sells for more and sells faster. That pricing gap has been widening in North Orange County, California, for roughly five to seven years, according to Darryl Jones, a 36-year veteran of the market who leads the Darryl & JJ Jones Team ...
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 ...
The U.S. rental market built aggressively during the pandemic era, particularly in Sunbelt cities like Nashville, Austin, and Dallas. Now much of that new inventory, especially high-end apartments, is sitting partially empty, competing for renters whose budgets have tightened considerably since construction began. The disconnect is straightforward: developers built expensive Class A apartments in markets ...
Below the luxury tier, Manhattan’s condo and co-op market has a mismatch problem. Buyers under $2 million overwhelmingly want units that are updated, low-cost to maintain, and ready to occupy on day one. But a large share of available inventory needs renovation – and sellers who have not adjusted prices for that reality are watching ...
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: ...
San Jose’s housing market carries an average sale price near $2 million, but that figure obscures a sharp divide in outcomes. Homes that are well-prepared and well-priced still draw multiple offers. Homes that aren’t sit, and a growing number of frustrated sellers are canceling their listings rather than adjusting, according to Kip Barnard, a 22-year ...
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 ...
