The South Florida condominium market is experiencing a major crisis as maintenance fees soar, reshaping buyer behavior and property values. According to Arkadiy Abdurakhmanov of United Realty Group, the sharp rise in homeowners association (HOA) fees is making condos increasingly difficult to sell. Market Overview “When I came to the United States, the most expensive ...
The investment landscape for medical real estate is benefiting from changes demographics and in healthcare delivery, according to Cody Shandraw, President of Healing Realty Trust. The company has leveraged these to double its asset portfolio in nine months by focusing on a targeted niche within the medical real estate sector. Market Overview “The silver wave ...
Multifamily operators now face a decision similar to the hotel industry’s past approach to internet access: will smart building technology remain a premium amenity fee, or will it become a standard feature included in base rent? Lance Platt, President and CEO of Groove Technology Solutions, says the industry is experiencing this transition now. “Yes, yes ...
Ponte Vedra Beach agent Allyson Mecca of LoKation, argues Jacksonville’s real estate market has fundamentally shifted away from retirees toward younger, high-earning professionals, a transformation she says few outside the region fully grasp. “I’m seeing way less of a retiree presence, and more younger but higher incomes,” says Mecca, who specializes in properties $800,000 and ...
Jacksonville area agent Allyson Mecca of LoKation has discovered powerful synergies between investment and retail real estate, creating what she describes as a “Venn diagram” of overlapping opportunities that benefit both sides of her business. “The investment side and the retail side, they interact almost in a Venn diagram method,” Mecca explains. “As an investor, ...
In today’s higher-rate environment, home buyers should focus on purchase price rather than interest rates, advises Maria Raymer, broker associate at RE/MAX Specialists PV, offering a fresh perspective on timing the market. “Don’t be too caught up in interest rates, because it’s temporary. You date the rate, you marry the house,” Raymer says, explaining her ...
A dramatic rise in Pensacola’s median home prices is forcing local investors to rethink their target price points and investment strategies, according to veteran real estate investor Mike Hamby. “The median price of a house in Pensacola has gone up to about 310 [thousand] this year. When I moved here in 2020 it was 190,” ...
Short-term rentals are transforming from community concern to economic catalyst, according to Guesty CFO Gil Vassoly, who argues the sector creates ripple effects of prosperity throughout local neighborhoods. “Short-term rentals are actually a way to uplift the entire community, not just financially, but creating this atmosphere,” Vassoly says, pointing to emerging data on visitor behavior. ...
The St. Augustine real estate market is nearing a pivotal moment that buyers should consider, according to Thomas Quigg, a licensed residential real estate agent with Coldwell Banker Premier Properties. In a recent interview, Quigg shared his perspective on how current market conditions may represent the best buying opportunity in years. “I guess my opinion ...
A notable shift in Southwest Florida’s buyer demographics is altering the local real estate landscape, according to Brett Ellis of Ellis Team – Keller Williams Realty Fort Myers. The combination of Canadian property owners leaving the area and the potential for political migration from northern cities is creating new demand patterns that many agents are ...
Although Cape Coral has been labeled by media as having “the worst market in the nation right now for foreclosures,” a surprising trend is challenging assumptions about distressed markets, according to Felicia Saraceno, Market Director at Keller Williams Realty – Marco Island. Despite Cape Coral’s elevated foreclosure numbers, the city is outperforming more prestigious markets ...
Arizona’s short-term rental market has seen a major shift, with most Airbnb investors leaving the platform due to oversaturation, according to Melissa Bailey, a real estate professional with Jason Mitchell Group. This marks a significant change from the pandemic-driven boom that made Arizona a prime location for vacation rental investments. “A lot of people are ...
A new trend is emerging in Orlando’s luxury real estate market, with the vast majority of high-end buyers actively steering clear of homeowners association communities, according to Yashmit Gutierrez, a sales associate at EXP Realty. This preference challenges the common belief that luxury buyers seek out managed communities with extensive amenities. “In my opinion, what ...
Arizona’s housing market is facing an unusual problem: even as inventory has surged 24.7% year-over-year, buyers are finding it harder than ever to make purchasing decisions. The abundance of available homes is overwhelming rather than assisting buyers, according to Melissa Bailey, a real estate professional with Jason Mitchell Group. “Even though we have a higher ...
First-time homebuyers in Arizona are increasingly backing out of contracts at the last minute due to anxiety over payments, leading to legal disputes and financial repercussions that go beyond losing a deposit. This shift in buyer behavior comes as higher interest rates create hesitation, even among those who are financially qualified. “We’ve had more first-time ...
