Connect with us

Published

on

For homebuyers and sellers alike across America, theres a massive “struggle” being felt to close deals or make any money.

“The challenges to real estate buyers and sellers right now are probably the greatest ever,” real estate powerhouse Dolly Lenz told Fox News Digital. “It’s a struggle for every buyer and a struggle for every seller they really have to look and say: What am I doing? Do I struggle to stay where I am and just wait this out? Do I struggle to buy?”

“Which struggle am I willing to take on? And every family has to sit down at the dining room table and decide that,” she continued. “It is a struggle and people really are suffering. So it’s not a good time for real estate overall.”

Recent data from mortgage buyer Freddie Mac indicated the U.S. homebuyer’s monthly costs have surged nearly 20% compared to one year ago. Lenz daughter and managing director of the brokerage painted the current housing landscape as “a tale of two cities,” joining the warning calls around a sticky real estate market with people who are “plagued” with high prices.

“We’re still doing deals because [clients] have cash. And like they say, cash is king,” Jenny Lenz also told Fox News Digital. “But other than the very, very high-end, we are seeing people who are pretty skittish. And again, the first-time homebuyer is suffering the most.”

A mix of constantly changing insurance coverage and the Federal Reserve’s latest rate hike pushing 30-year fixed mortgage rates above 7.6% come at a time when Americans are “plagued” with high food and gas prices, according to the mother-daughter real estate team. They both argued that recession-like impacts are keeping homeowners in place, thus affecting the U.S. market and related sectors.

“Sixty-percent of the country has a mortgage rate 4% or under, so it really doesn’t make sense for them to sell should they want to upsize or downsize, because their monthly payments are going to be the same, if not more,” Jenny pointed out.

“None of those homes are coming on the market, which means lack of inventory, which means high prices, which basically means golden handcuffs for everyone,” the managing director added.

“Think about how that reverberates throughout the economy,” Dolly chimed in. “So there’s no movers making moves. There’s no architects people aren’t buying rugs and they’re not buying new furniture a list that goes on and on and on, how that impacts the entire economy.”

While Dolly admitted its “not the absolute worst” real estate market shes worked in, it is the worst for daughter Jenny.

“People can’t get mortgages. Insurance is becoming astronomically expensive,” Jenny said. “Highest ever median home price. So we’re getting all of these things at the same time.”

In certain states like Texas and Florida where theres no individual income tax, buyers and sellers may find more success.

“Migration trends are going to make a big difference,” Dolly noted. “After SALT disappeared, people can’t deduct their real estate taxes or the state and local taxes. So it’s a very expensive thing. Now they’re eating that entire nut themselves since they can’t deduct it.”

Morning Report delivers the latest news, videos, photos and more.

Please provide a valid email address.

By clicking above you agree to the Terms of Use and Privacy Policy.

Thanks for signing up!
Never miss a story.

For metropolitan areas like New York City and San Francisco, renting has become more expensive than purchasing a property, the duo warned.

“All these places where crime is at an all-time high, but its cost of living is even worse, it’s absolutely ridiculous,” Jenny said. “People are saying, These mortgage rates are so high, these prices are so high, I’m still going to dip my toe here, even though just a year ago I could have purchased a bigger home, a more expensive home, because the rent is just so high.”

They also cautioned against buyers making too many concessions, advising they be “flexible” through the process.

“A lot of our buyers say to us: Look, I really want to get this house, so I’m going to waive my right to inspection as an example. And we’re like, it’s not really a good idea because if you do that, you don’t know how big a pot that is you’re going to have to eat up,” Dolly said.

“You have to really keep your eyes open,” Jenny added. “You have to be ready with that mortgage and a loan commitment letter, if you can even get one, and really be ready to jump in and get the home, because it’s really hard out there.”

Though these factors pitch a “negative” market outlook for the Lenzes, they put the onus on individuals to find their own optimism.

“We’re in a slight recession now. I see it as getting worse between Fitch, insurance, gas prices, everything becoming so expensive,” Dolly said. “And that’s not good. That really is a sign of a not-chugging-along economy.”

“People are struggling and we hope that [the Federal Reserve] can keep rates down so that we can have a great economy,” Jenny said as Dolly added, “and so people can navigate and have some options.”

The Lenzes best advice for home buyers and sellers right now? Be patient and do your research.

“Real estate is local and hyper-local. What’s going on in one market could be very different than one that’s seemingly next door, but a 45-minute drive,” Dolly said. “So do your homework there. Don’t just be bidding on houses. Asking prices of homes do not reflect value.”

“You need to be tracking a market for, I would say, a couple of months to see what’s going on, what’s selling, how long it’s taking to sell and then have an educated offer on whatever property it is, while at the same time trying to secure that lowest mortgage rate possible for yourself,” Jenny weighed in.

“All the balls in the air at the same time, and that’s what you need to do,” the Dolly Lenz Real Estate founder said. “And very likely, if you have good credit, will be successful. You will get that house.”

Continue Reading

Sports

Skubal ties Tigers record with 14 Ks in G1 win

Published

on

By

Skubal ties Tigers record with 14 Ks in G1 win

CLEVELAND — Tarik Skubal tied a franchise postseason record with 14 strikeouts and the Detroit Tigers defeated the Cleveland Guardians 2-1 on Tuesday in Game 1 of their AL Wild Card Series.

Will Vest recorded the final four outs for Detroit, surviving a tense ninth inning after Cleveland star Jose Ramirez got hung up between third base and home for the second out.

The Tigers, who struggled down the stretch, allowing Cleveland to secure the AL Central title, can advance to the division series round for the second straight year with a win Wednesday.

“It means a lot to take the ball in Game 1,” Skubal said. “To have the trust in our whole organization, it means a lot. And it doesn’t really matter how we got here. We’re up 1-0 in a best of three.”

Detroit scored the go-ahead run in the seventh inning when Zach McKinstry‘s safety squeeze scored Riley Greene from third.

Ramirez led off the ninth with an infield single and advanced to third when shortstop Javier Baez threw wide of first base. Vest struck out pinch-hitter George Valera, then Kyle Manzardo hit a grounder to Vest. Ramirez broke for home but was cut off by Vest, who chased him down and tagged him out.

“That ball’s two feet either way, he scores,” Cleveland manager Stephen Vogt said. “It just happened to go right back to Vest. So we play aggressive. We always do. We run the bases aggressive. I wouldn’t play that any other way.”

C.J. Kayfus then hit a flyout to Baez in shallow left to end it.

Skubal, who is favored to win his second straight AL Cy Young Award, set a career high for strikeouts. He was dominant and unfazed as he pitched on the same mound where one week ago, he threw a 99 mph fastball that struck Cleveland designated hitter David Fry in the nose and face during the sixth inning.

“I thought my outing was coming to a close,” Skubal said when asked about being allowed to continue on into the eighth inning. “But I was ready to go back out there. I’m never going to take myself out of a game, and I don’t ever really want the handshake.”

The right-hander went 7 2/3 innings and threw 107 pitches, one off his career high, including 73 strikes. He allowed one run on only three hits, with two being infield singles, and walked three. His fastball averaged 99.1 mph, 1.6 mph above his season average.

Skubal outdueled Cleveland starter Gavin Williams, who was just as effective but hurt by a pair of Guardians errors. Williams allowed two unearned runs in six-plus innings on five hits with eight strikeouts and one walk.

“I was just worried about doing my best to execute each pitch,” Skubal said, “and just do what makes me a good pitcher, and that’s getting ahead, and getting guys into leverage.”

Detroit took a 1-0 lead in the first inning when Kerry Carpenter scored on Spencer Torkelson’s two-out bloop single to left field. Carpenter got aboard on a base hit to right but advanced to second on a fielding error by Johnathan Rodriguez.

The Guardians finally got to Skubal in the fourth by not having a ball leave the infield.

Angel Martinez hit a slow grounder between Skubal and second baseman Gleyber Torres to lead off the inning. He advanced to second on Ramírez’s walk.

With two outs and runners on first and second, Gabriel Arias hit a high chopper over Skubal. The ball landed on the infield grass between the mound and second base. Skubal fielded the ball as Martinez rounded third. Martinez’s left hand touched the plate before Detroit catcher Dillon Dingler applied the tag.

Martinez was originally ruled out on the head-first slide, but it was overturned by instant replay to tie the game at 1-1.

The Associated Press contributed to this report.

Continue Reading

Sports

Washington: Angels not picking up my contract

Published

on

By

Washington: Angels not picking up my contract

Ron Washington, who missed the majority of the 2025 season after undergoing quadruple bypass heart surgery, will not be returning as manager of the Los Angeles Angels in 2026, he told The Athletic on Tuesday.

Interim manager Ray Montgomery also will not get the full-time manager role in 2026, a source confirmed to ESPN, as the Angels will search for their sixth manager in nine years.

Washington told The Athletic that general manager Perry Minasian told him that the team’s decision to not pick up his contract option was based on the team’s performance — the Angels went 36-38 prior to him leaving — rather than the manager’s health.

“You know, when you’re a competitor, and you’re in charge, none of that stuff comes into play,” Washington told The Athletic. “Sometimes you’ve got to make chicken salad out of chicken s—.

“I have to accept that. I can’t go back to argue with them to try and tell them different when they’ve made a decision. … We were starting to perform better.”

Washington told The Athletic that he never had the opportunity to talk about the team’s decision with Angels owner Arte Moreno.

The Angels finished with a 72-90 record, accounting for their 10th consecutive losing season. They’ve made the playoffs just once since 2009.

After Mike Scioscia stepped down at the end of the 2018 season, ending a 19-year run that included the franchise’s only World Series championship, the Angels went through Brad Ausmus, Joe Maddon and Phil Nevin as managers over a five-year stretch. None produced more than 77 wins.

Washington, the former Texas Rangers manager and highly regarded infield instructor, was brought in ahead of the 2024 season in hopes that he could mentor a young nucleus headlined by Zach Neto, Logan O’Hoppe, Nolan Schanuel and Jo Adell. However, the team finished with a franchise-record 99 losses.

The 2025 team showed some promise but wound up finishing last in the American League West for the second straight year, 25½ games out of first.

“I think I had the team going in the right direction, I really did,” Washington told The Athletic. “And it was just too bad that my health came into play. There’s nothing that I can do about that.

“It was my team. I think the team took on my personality. We were definitely showing that. In this business, this is the kind of stuff that happens to you. When everything goes not the way people wanted, you take the blame for it. And I’m OK.”

Washington, who turns 74 in April, was the oldest manager in the majors this past season and last managed a game on June 19, when he left the Angels after experiencing shortness of breath and appearing fatigued during a four-game series against the New York Yankees.

He eventually underwent quadruple-bypass surgery but stressed last month that he was in good health and wanted to return as the Angels’ manager in 2026.

“What happened to me saved my life,” Washington said earlier this season, adding that he has quit smoking, changed his eating habits and is sleeping better.

Overall, Washington was 99-137 in two seasons with Los Angeles.

Montgomery’s option also will not be picked up. The rest of the Angels’ coaching staff also had 2026 options, but their status is not yet known.

Perry Minasian, who just finished his fifth season as the Angels’ general manager, is under contract through 2026, though the team has not made a formal announcement about his status.

Albert Pujols and Torii Hunter, two decorated former Angels who currently serve as special assistants with the team, are considered strong candidates to become the next manager — unless owner Arte Moreno seeks someone with more experience.

Washington was the winningest manager in Rangers history, compiling a 664-611 record from 2007 to 2014. He led them to their first two World Series appearances, in 2010 and 2011. After initially returning to the Athletics organization for the 2015 and 2016 campaigns, Washington joined the Atlanta Braves‘ staff from 2017 to 2023 and was part of their 2021 World Series championship team.

The Associated Press contributed to this report.

Continue Reading

Sports

Rays’ sale finalized; stadium search to restart

Published

on

By

Rays' sale finalized; stadium search to restart

ST. PETERSBURG, Fla. — A group led by Florida-based real estate developer Patrick Zalupski closed on its purchase of the Tampa Bay Rays on Tuesday, finalizing the sale of the team from former owner Stuart Sternberg.

Major League Baseball owners unanimously approved the transaction last week. The price was not disclosed.

“It’s an incredible honor to become the stewards of the Tampa Bay Rays, a franchise with a proud history and a bright future,” Zalupski said in a statement. “We’re all energized by the responsibility to serve Rays fans everywhere and this great game. … We will work hard to earn the respect and confidence of our fans and new MLB partners, and we are excited about the upcoming challenge to deliver a world-class experience on and off the field.”

Zalupski’s group, which also includes Bill Cosgrove and Ken Babby, is expected to restart the search for a new ballpark. The Rays in March withdrew from a $1.3 billion project to construct a new ballpark adjacent to Tropicana Field in St. Petersburg, citing a hurricane and delays that likely drove up the proposal’s cost.

“Major League Baseball is pleased to welcome Patrick and his partners to the ownership ranks,” MLB commissioner Rob Manfred said. “Their collective experience and passion for the game will serve the Rays well as they enter this exciting new chapter.”

Sternberg took control of the team from founding owner Vince Naimoli in November 2005 and rebranded it the Rays from the Devil Rays after the 2007 season. The Rays won AL East titles in 2008, 2010, 2020 and 2021 and twice reached the World Series, losing to Philadelphia in 2008 and to the Los Angeles Dodgers in 2020.

Continue Reading

Trending