The 2024 hurricane season has heightened concerns about the risk to Florida real estate. Still, the pattern of actual damage tells a more specific story, according to Jose Cardenas, principal at Premier Sotheby’s International Realty. The majority of flood-damaged homes were older, single-story structures built decades before current building codes, not modern construction. “Most of ...
Florida’s residential real estate market has diverged sharply in 2024, with luxury properties above $1 million continuing to appreciate while mid-tier condominiums face oversupply and price declines. This split is driven by strong economic growth, tax incentives, and a steady influx of affluent buyers into South Florida, especially Miami, creating opportunities for investors and agents ...
Florida’s real estate market is showing early signs of stabilization after three years of declining prices, hurricane disruptions, rising insurance costs, and shifts in buyer demand. Joe Murphy, a veteran broker and team leader at Coldwell Banker The Joe Murphy Team, reports that while challenges persist, several key indicators suggest the market may be nearing ...
The Florida real estate market is showing signs of a gradual rebound, but moving a deal from contract to closing has become more complicated than ever. Fluctuating mortgage rates, stricter financing requirements, and new regulatory rules are increasing the workload for agents and buyers alike. Even experienced agents are struggling to keep up with the ...
As the Hudson Valley continues to attract buyers looking for alternatives to city living, Greenwood Lake, a municipality within the Town of Warwick, stands out as a community that defies suburban expectations. Straddling the New York–New Jersey border, Greenwood Lake offers a real estate market shaped by its history as a seasonal retreat, distinct infrastructure, ...
The Grande Prairie real estate market stands apart from the broader Canadian trend of cooling home sales and rising inventory. While many regions have shifted toward more balanced conditions, this Alberta city of 80,000 faces a severe housing shortage that is reshaping every part of the transaction process. Chris Cline, a leading realtor with Grassroots ...
The South Florida real estate market has entered a period of recalibration following the pandemic surge, with buyers and sellers in Boca Raton and Delray Beach adapting to higher inventory, longer listing times, and increased scrutiny of pricing and property conditions. This shift is producing a more competitive, data-driven environment where successful transactions depend on ...
Ventnor, New Jersey’s evolution from a pass-through beach town to a sought-after destination began with a simple street bench. Mayor Tim Kriebel, Mayor and Commissioner of Public Safety at Ventnor City Go, recalls seeing a makeshift seat fashioned from two trash cans and discarded lumber – a moment that sparked a decade-long effort to overhaul ...
South Florida’s real estate market has cooled sharply from the pandemic-driven surge of 2021-2022, but many homeowners have yet to adjust their expectations. Melissa Galada, a realtor with RJM Real Estate Corp who has served the Boca Raton and Delray Beach markets since 1999, says that sellers who bought during the boom are now the ...
The Phoenix metropolitan area must prepare for an influx of 1.1 million new residents over the next 15 years, a challenge that is already forcing developers, investors, and policymakers to rethink how and where the region can grow. According to Tom Johnston, Executive Director of the WP Carey Center for Real Estate and Finance at ...
Mom-and-pop landlords who built up portfolios of single-family rental homes over decades are discovering their properties are worth far less than anticipated, as institutional buyers focus on income streams rather than individual home values. Tom Johnston, Executive Director of the WP Carey Center for Real Estate and Finance at Arizona State University, says the single-family ...
The luxury real estate business operates on a fundamentally different timeline than most professionals realize, according to Jed Weaver, a Realtor with The Keyes Company who has spent two decades in South Florida’s high-end markets. “The average real estate agent is going to close five deals a year, but those five deals come very seasonally,” ...
Tampa is attracting a new class of ultra-wealthy buyers who already own properties in cities like London, Dubai, and New York, according to Jose Cardenas, principal at Premier Sotheby’s International Realty. These buyers are not first-time homeowners or typical investors. Instead, they are adding Tampa to their global portfolios for its unique lifestyle offering rather ...
Over the past two decades, Vero Beach’s real estate market has seen significant price increases, reshaping the area’s luxury landscape. Properties that once sold for $400,000 to $500,000 now routinely fetch close to $1 million as teardowns, while renovated homes typically trade between $1 million and $2 million. This rapid appreciation has redefined what qualifies ...
Rochester, MN, real estate agent Alex Mayer explains how attraction-based marketing and strategic staffing create more client access than traditional team structures. Large real estate teams frequently market themselves on availability, claiming that multiple agents ensure clients always have someone to call. But according to Alex Mayer, a Rochester agent committed to client availability and ...
