Just three months ago, Jacksonville homebuyers were scrambling to compete – making rushed offers, paying well above asking price, and agreeing to buy homes “as is” without the usual safety nets. Today, that pressure has eased. Buyers have regained leverage, and the shift is changing how both sides approach the market. After years of sellers ...
Proposals for 50-year mortgage products as housing affordability solutions face skepticism from real estate finance professionals who argue extended terms undermine homeownership’s wealth-building function despite reducing monthly payment burdens. Scott Spelker, founder of The Spelker Team operating in real estate markets, analyzed the equity implications of extending mortgage terms beyond the standard 30-year structure currently ...
Baby boomers aged 60 and older represent the largest demographic of home sellers in Northeast markets, creating distinct inventory patterns and transaction characteristics, according to Ryan Bruen, founder of The Bruen Team operating in Morris County, New Jersey. “Most home sellers in our area are baby boomers making lifestyle moves,” Bruen explains. “Understanding what drives ...
Central Florida’s retirement communities are facing an unprecedented supply of homes, signaling a sharp change in how Americans approach retirement housing. Market data from Polk County shows that the long-standing snowbird model – where retirees maintain a primary residence up north and a winter home in Florida – is collapsing due to rising costs, resulting ...
The belief that real estate can deliver quick profits is being tested in Florida, where market conditions have shifted sharply since the pandemic boom. According to Randall Rintala, Associate Broker at Berkshire Hathaway HomeServices Beach Properties of Florida, buyers need to rethink their expectations about how and when real estate investments pay off. Rintala, who ...
Florida’s real estate market is in the midst of a reset that is exposing a divide between experienced professionals and agents who relied on the pandemic boom to generate easy commissions. As the market normalizes, Randall Rintala, Associate Broker at Berkshire Hathaway HomeServices Beach Properties of Florida, sees a clear separation between agents who can ...
Rochester, Minnesota’s four-time “Best Real Estate Agent” winner, says education-first content attracts more qualified buyers who close faster and follow guidance better than clients acquired through traditional marketing. While most real estate agents use social media to promote new listings, showcase sales, or highlight awards, Alex Mayer, a real estate agent of Rochester Area Homes ...
Central Florida’s residential market is seeing a clear divide: homes without homeowners associations (HOAs) are selling faster and attracting far more interest than similar properties governed by HOAs. This trend, highlighted by recent sales activity, challenges long-standing development patterns and signals a marked change in buyer priorities. Patricia de Graaff, broker associate at RE/MAX Heritage ...
Miami property management executive Joseph Hunike, COO of Threshold, says the South Florida property management industry is failing to meet even basic professional standards. As investment flows into Miami from across the U.S. and abroad, many property managers are not providing the communication and financial transparency that investors expect in other major markets. Hunike describes ...
The Chicago real estate market is experiencing a notable change as the fall selling season brings increased buyer selectivity and seller price adjustments. Unlike the spring market’s more forgiving conditions, current dynamics require property owners to sharpen pricing strategies and enhance presentation to attract serious buyers. “This is a very property-specific market,” explains Alex Wolking, ...
The Chicago real estate market attracts professionals from many backgrounds, but few combine performance skills and personal engagement like Sherry Watkins, Real Estate Broker Associate at Baird & Warner. A professional opera singer who moved into real estate during the pandemic, Watkins has found her two careers reinforce each other in practical ways. From Stage ...
The South Florida luxury real estate market is entering a new phase as buyers become more selective and informed. After years of rapid price increases and quick sales, the region is settling into a more measured environment where property quality and preparation are critical to closing deals. From PR to Properties Kirsten Smith, a realtor ...
St. Petersburg’s real estate market is undergoing a correction as affordability issues take center stage, creating a wide gap between buyers and sellers. The city, which saw a surge of demand and price growth during the pandemic, now faces a slowdown in transaction volume and downward pressure on prices across several segments. This shift is ...
With mortgage rates above 6.5%, leading real estate teams are shifting away from urgency-based sales tactics and focusing on educating buyers about price negotiation and future refinancing. This reversal from pandemic-era messaging is helping qualified buyers make more confident decisions, according to one multi-state sales director. Nate Armstrong, Chief Sales Director at K2 Omni Group, ...
First-time homebuyers in Rhode Island are struggling to compete for move-in-ready properties, but there are alternatives for those willing to adjust their expectations, according to Walt Buteau, a real estate advisor at Engel & Völkers Oceanside. Limited inventory under $500,000 and widespread demand for turnkey homes have created a market where entry-level buyers routinely lose ...
