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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...
The rise of ‘Zoomtowns’ is going to make home prices and rents cheaper for everyone

The rise of ‘Zoomtowns’ is going to make home prices and rents cheaper for everyone

by Third Party | Jan 6, 2023 | Industry Updates, News/Current Events, U.S. Housing Market

Source: Insider —  It’s easy to blame remote workers for the pandemic’s chaotic housing market. Highly paid white-collar employees who exercised their newfound freedom and turned once cheap locales into expensive “Zoomtowns” make for...
Smart Technology for Landlords

Smart Technology for Landlords

by Third Party | Jan 5, 2023 | Industry Updates, Real Estate Agent Tools

Source: US News —  Owning a few rental units can be a great way to establish a passive income stream, but it can be hard to be a landlord on your own. You can’t be in several places at once, and even if you hire a property manager, you may still find that you’re...
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