Chicago is widely viewed as a high-tax real estate market. This reputation overlooks a key fact: investment properties in the city are taxed at lower rates than owner-occupied homes, and rental income is strong enough that taxes rarely prevent solid investment returns. Property taxes are often cited as a major obstacle for real estate investors ...
New weekly data shows Austin’s residential housing market tightening more than most industry reports suggest, challenging the widely held view of ongoing oversupply. According to Jen Berbas, Founder and Team Lead at Berbas Group, there are now 9% fewer homes for sale in central Austin compared to the same week last year, and 7% more ...
Short-term rental (STR) investors are stepping back from residential properties in resort markets as acquisition costs have risen faster than rental income, fundamentally changing the buyer landscape in destinations like Whitefish, Montana. During the pandemic, STR investment drove a surge in buyer activity in resort areas. That thesis of buying properties to generate high rental ...
Experienced buyers in Montana’s Flathead Valley are changing their approach to real estate. Rather than rushing to compete, they are becoming more selective and patient — a clear sign that the urgency of the pandemic-era resort market has faded. In Whitefish, the buyers who know the market best are slowing down. Sonja Burgard, a realtor ...
The process of buying a beach house has changed dramatically in recent years. Instead of spending days touring properties in person, many buyers now start their search from home, using video calls with agents to narrow the field before making the trip. This shift, driven by new technology and changing buyer behavior, is making coastal ...
Scroll through Fort Lauderdale’s property listings and a stark contrast emerges: waterfront estates priced at $20 million are selling briskly, while mid-tier homes linger on the market for months. Even as much of Florida’s housing market slows, the city’s ultra-luxury segment is accelerating, drawing a distinct group of high-net-worth buyers and reshaping local real estate ...
After three weeks without offers, a seller in Denver dropped the price of a three-bedroom home from $800,000 to $775,000 and added a $5,000 closing cost credit — the property sold within five days. Just two years ago, this scenario would have been rare. During the pandemic boom, Denver homes often sold for $50,000 to ...
You’re about to close on a home in upcountry Maui when your lender delivers an insurance quote: $4,200 a year, far above what you expected. Or you receive notice that your longtime insurer is exiting Hawaii altogether. For buyers and homeowners across Maui, insurance costs have moved from a minor line item to a major ...
Scottsdale’s real estate market is no longer moving in unison. While luxury homes in Paradise Valley are setting new price records, condos under $400,000 are losing value and sitting unsold for months. This growing divide is creating sharply different conditions for buyers and sellers, depending on their price point and neighborhood. Jennifer Wilson, a Scottsdale-based ...
Many buyers in Newport, Rhode Island, hold off for the “perfect” moment to buy, hoping for a market dip or a rare deal. But after nearly four decades in the local market, Kimberly Fleming, broker associate at Gustave White Sotheby’s International Realty, says the best opportunities go to buyers who stay grounded in the realities ...
In the East Bay, Berkeley has long been the focus of attention for its double-digit price gains, bidding wars, and rapid sales. But while the spotlight has stayed on Berkeley and its closest neighbors, a quieter surge is underway in areas that many buyers have historically overlooked. This spring, North and East Richmond recorded a ...
Cape Cod, Massachusetts is often viewed as a classic vacation home market where towns slow down in winter and many properties remain vacant for extended periods. However, Jack Bohman, Lead Agent and Co-Founder of The Bohman Hartung Group at Gibson Sotheby’s International Realty, challenges this perception. He argues that Cape Cod maintains steady year-round residential ...
Recent zoning changes in Jamaica, Queens, NY have created a clear investment path for developers and institutional buyers. Some investors are now paying full market price for properties they plan to demolish and replace with five- to seven-story residential buildings. Shanie Baran, CEO and licensed real estate broker at Sovereign Realty of NY, says the ...
South Florida’s real estate market has changed sharply since the pandemic-driven price surge, presenting new challenges for buyers and sellers alike. Désirée Ávila, a board-certified realtor with NextHome Realty Professionals in Fort Lauderdale, has seen these shifts firsthand in her work across Oakland Park and greater Broward County. South Florida’s housing market has become so ...
Philadelphia’s commercial real estate market is emerging from years of pandemic-driven disruption, but the path forward remains uneven. Shifts in tenant priorities, a stark divide between top-tier and aging properties, and ongoing financial distress continue to reshape the city’s office landscape in real time. Industry veteran Carol G. Huff, President of Real Estate Investment Strategies, ...
