Fifteen years ago, when my wife and I built our current home, the biggest decision we debated was whether to upgrade our granite countertops. Fast forward to today, and we’re back in the trenches of the building process, only now, the choices feel more like negotiating with NASA than picking out ki

Hiring an architect instead of working directly with a builder to design your home can offer several important benefits, especially if you want a custom or high-quality result. Here’s a breakdown of the main advantages:1.) Truly Customized Design Architect: Designs a home specifically for your lif

Eddie Van Halen’s 1982 custom guitar is headed to Sotheby’s Auction this fall with an expected sale price of $2–3 million (NME/Sotheby’s). For music fans, it is a reminder that iconic moments can resurface with new value long after the spotlight has shifted. In Bethany Beach, the same idea applies t

What percentage of U.S. homebuyers purchase at asking price?56% of today's U.S. homebuyers are paying full asking price or more according to newly released research by the National Association of Realtors® (NAR).This significant market trend highlights the importance of informed pricing strategies

The summer season is here and our market continues to demonstrate strong momentum, with key indicators pointing to a resilient market: Average days on market remain low at just 16 days, reflecting sustained buyer demand across the region. While inventory has increased by 15%, supply remains tight

We appreciate the compliments to our newsletter! Our goal is to help readers find value and stay updated on the market. We are thankful to our editors and top brokers who refine our articles and market updates. While new contracts were down by 18% compared to last year, we're pleased to report a st

I hope your New Year is off to a great start! Looking ahead to 2025, the real estate market will continue to evolve, shaped by political shifts, economic factors, and market dynamics. Another strong year is forecasted by leading financial institutions, following what appears to be a 5.2% national i

The average supply of inventory over the past five years is 2.7 months. Our current month's supply is 4.1 months. Still a seller's market by historical standards but this change is noteworthy. A balanced market is generally considered to have a supply of four to six months. As interest rates contin

Whether you own a stunning waterfront property or a portfolio of investments, protecting yourself from legal and financial risks is a priority. A good friend recently ran into some legal issues with an investment property that could have been easily avoided with proper asset protection. This month,

We are pleased to introduce the 2024 Mid-Year Luxury Outlook℠ report by Sotheby's International Realty, which outlines the industry trends and happenings across high-end residential markets. This year, policy shifts and global elections across nearly 80 countries are likely to impact property marke

Selling a home or investment property is generally a straightforward task. However, a common challenge is determining what renovations are worth the effort and expense to optimize marketability — so you can get top dollar and make a profit. A recent Realtor.com survey shows that more than half of h

As we begin 2024, we continue to see a lower than average inventory of existing homes for sale. Home prices rose faster in December than they have in more than a year. Falling mortgage rates brought more buyers into the market in December, but they faced the same challenges for the past two years, a

The summer season is just about in full swing but sales are still down significantly. When compared to pre-pandemic times, it was common to have about 4x the number of homes on the market this time of the year. The year-over-year median purchase prices have increased by 17% but sales would certainl

My wife and I recently took our children to the Caribbeans and our fantastic tour guide said something that I hope our kids never forget: "We have no problems, mon. Just situations, and we take care of them before they become problems." In 2002, I started my real estate career in the commercial off