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Upbeat sentiments led the realty sector to end 2022 in high spirits

Upbeat sentiments led the realty sector to end 2022 in high spirits

by Third Party | Jan 10, 2023 | Industry Updates, International Real Estate News

Source: Construction Week —  2022 has been a great year in the history of the Indian real estate sector. After the setback of two years of slowdown, the real estate sector has gone through a tremendous transformation setting new record numbers in 2022. For the...
Meta updates property listing policy, riling agents

Meta updates property listing policy, riling agents

by Third Party | Jan 10, 2023 | Industry Updates, Real Estate Agent Tools, Real Estate News

Source: The Real Deal —  Facebook Marketplace is becoming a less friendly hunting ground for real estate agents selling properties via social media. Facebook’s parent company, Meta, announced late last month a policy change to the social media site’s virtual...
How luxury real estate is developing in the metaverse

How luxury real estate is developing in the metaverse

by Third Party | Jan 10, 2023 | Industry Updates, News/Current Events

Source: Inman —  In 2021, two worlds collided when my luxury real estate practice was presented with a trailblazing opportunity to represent Meta Residence One. This was no ordinary home. Yes, it was slated to be built on a real plot of land, but a virtual copy...
Lumber market must weather a `treacherous’ 2023 after last year’s staggering 66% price crash as a US housing slump deepens

Lumber market must weather a `treacherous’ 2023 after last year’s staggering 66% price crash as a US housing slump deepens

by Third Party | Jan 8, 2023 | Industry Updates, U.S. Housing Market

Source: Insider —  Lumber prices plunged 66% last year as the once red-hot US housing market faltered – and the commodity’s troubles will likely continue in 2023, according to strategists. The Federal Reserve’s campaign to quell inflation fueled an...
Canada Bans Foreigners From Purchasing Most Real Estate

Canada Bans Foreigners From Purchasing Most Real Estate

by Third Party | Jan 7, 2023 | Industry Updates, International Real Estate News

Source: VOA News —  VANCOUVER, CANADA —  With the dawn of 2023, the Canadian foreign buyers ban went into effect, banning non-Canadians from purchasing property, with several exceptions. These include landed immigrants, workers on temporary visas, refugees and...
Mortgage rates start 2023 twice as high as they were a year ago

Mortgage rates start 2023 twice as high as they were a year ago

by Third Party | Jan 7, 2023 | Industry Updates, News/Current Events

Source: CNN Business —  Washington, DCCNN —  Mortgage rates inched up again last week, after a slight increase the week before interrupted six straight weeks of falling rates. The 30-year fixed-rate mortgage averaged 6.48% in the week ending January 5, up from...
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