Media headlines calling Cape Coral the worst housing market in America have sparked concern. Still, local real estate leader James Sommers, Team Leader at James Sommers Team, says these narratives overlook key facts about how the market is actually functioning. Instead of a collapse, Sommers sees Cape Coral returning to pre-pandemic sales activity, with transactions ...
A steady migration is redrawing the real estate landscape in secondary markets like Pensacola, as more buyers leave established neighborhoods and city centers in favor of rural properties with acreage. Local real estate professionals say this shift is not just a matter of lifestyle preference but is systematically altering demand patterns and development boundaries across ...
When Forty Two Plus LLC, led by founder Jay Olshonsky, acquired Sperry to join its existing Sea Glass franchise, the company faced a challenge familiar to multi-brand operators: how to operate two distinct real estate franchises without creating brand confusion, internal competition, or operational inefficiency. Olshonsky, who serves as CEO of both Sea Glass and ...
In off-grid communities across the Hudson Valley, infrastructure risks that rarely appear in market data are quietly derailing real estate transactions at the inspection stage. While the real estate industry routinely tracks financing issues, appraisal gaps, and inspection problems, one overlooked factor has become the leading cause of failed deals in areas without municipal infrastructure: ...
The residential real estate market is seeing a shift in how properties are bought and sold, especially in areas where lifestyle and amenities matter more than proximity to job centers. Jay Olshonsky, founder of Forty Two Plus LLC and CEO of Sea Glass, a recently expanded residential franchise, sees the main opportunity not in challenging ...
Homebuyers in coastal real estate markets are increasingly at risk of misjudging what they can genuinely afford. According to Lorraine Weber, a Long Island realtor specializing in post-Hurricane Sandy communities, many buyers focus on negotiating the lowest purchase price while overlooking the factors that actually determine their monthly housing costs. This oversight, she says, can ...
Sergio Sciortino, a broker associate with Keller Williams Village Square Realty and a 25-year veteran of the Bergen County market, says the gap between pandemic-era mortgage rates and today’s borrowing costs has fundamentally changed seller behavior. Many homeowners who locked in rates below 4%, some as low as 2% or 3%, are now opting to ...
Home sellers may be losing thousands of dollars when real estate agents avoid discussing professional staging, according to Fiorenza Bilak, founder and CEO of Stage The Space, LLC. While staging is widely recognized as a tool that helps homes sell faster and for higher prices, Bilak says misunderstandings about cost, timing, and impact often prevent ...
The short-term rental boom has created a new wave of investors specifically buying properties to unlock accelerated depreciation through cost segregation studies, but many are generating tax losses in the wrong income bucket, rendering hundreds of thousands in deductions unusable. The issue centers on a fundamental tax distinction that determines whether accelerated depreciation offsets your ...
Bergen County’s real estate market stands out for its persistent strength, but that very success is creating new barriers for many would-be buyers. Home values keep rising, and available listings remain scarce, yet the upward price trajectory is pushing the next generation further out of reach. This tension defines the current landscape for agents and ...
With rapid appreciation no longer a given, investors are shifting their focus to dependable income and the equity gained through disciplined amortization. The era of effortless real estate appreciation, fueled by historically low interest rates and post-pandemic fervor, has definitively ended, forcing a painful but necessary philosophical reset among investors. For years, many sought wealth ...
Oversupply, rising costs, and tougher regulations have exposed how fragile the short-term rental model really was – and why so many investors are now facing losses, foreclosures, or a forced reset. Short-term rentals (STRs) were once the darling of residential investment, offering seemingly endless returns during the post-COVID boom. But that trend has shifted profoundly ...
The pandemic reshaped real estate markets across the country, but few places saw as pronounced a change as Litchfield County, Connecticut. Once a quiet enclave known mainly to a handful of Manhattan insiders, the region has become a top destination for luxury second-home buyers seeking an alternative to the crowded, high-profile Hamptons. William Melnick, associate ...
Manhattan’s luxury real estate market is charting a path distinct from national trends, with ultra-high-end sales, by some accounts, climbing by 58% even as mid-market segments decline by 10%. This sharp divide highlights the unique dynamics at play for New York’s most expensive properties, where buyer confidence, financial strength, and limited inventory have combined to ...
Long Beach Island, an 18-mile barrier island off the coast of New Jersey, is seeing home prices approach $2 million, nearly double what they were just a few years ago. This surge stands out even as many coastal markets across the U.S. face slower sales, rising interest rates, and affordability concerns. The reasons behind Long ...
