August 28, 2025 - 04:40
In 2025, the housing market is witnessing a significant shift, particularly in areas that experienced a surge in demand during the pandemic. These so-called "pandemic boomtowns" are now seeing a decline in housing prices as the market cools. After a period of unprecedented growth, many sellers are adjusting their expectations, leading to price cuts that are giving buyers more leverage.
As remote work becomes more normalized, the initial rush to relocate to suburban and rural areas is waning. Buyers are now more cautious, taking their time to evaluate options as inventory levels increase. This change in dynamics is prompting sellers to reconsider their pricing strategies to attract potential buyers in a more competitive landscape.
For those looking to navigate this evolving market, understanding local trends and being prepared to negotiate will be crucial. As the balance of power shifts from sellers to buyers, opportunities may arise for those ready to make informed decisions.
October 8, 2025 - 20:29
Jamaica Rezoning: A Boon for Developers, Not ResidentsDespite community pleas for affordable homeownership opportunities, recent rezoning proposals in Jamaica have raised concerns among residents. The plans, which are touted as a means to revitalize...
October 8, 2025 - 01:23
Chicago Real Estate Photographers Grounded by FAA Drone BanReal estate photographers across Chicago are facing significant disruptions following a temporary flight restriction imposed by the FAA, which is set to last until October 12. This ban has left...
October 7, 2025 - 02:35
Man Arrested Following Police Chase After Alleged Attack on Real Estate AgentA 32-year-old man is in custody after being accused of assaulting a real estate agent and subsequently engaging law enforcement in a high-speed chase. The incident unfolded when the suspect...
October 6, 2025 - 06:03
Celebrating Marcia Harlow's 47-Year Journey in Real EstatePerkins Realty hosted a heartfelt retirement celebration for Marcia Harlow on September 25, marking the end of an impressive 47-year career in real estate. Friends, colleagues, and clients gathered...