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Profiting from PropTech – How Integration and Automation is Helping Realtors Steer through the Data Deluge

Profiting from PropTech – How Integration and Automation is Helping Realtors Steer through the Data Deluge

by Third Party | Dec 15, 2022 | Industry Updates, Real Estate Agent Tools

Today’s businesses run on information, including Commercial Real Estate (CRE) companies. Historically, the CRE industry has been slow to invest in technology, but companies responsible for selling and managing commercial properties are realizing the value this...
As US home prices decline, number of buyers with underwater mortgages swells

As US home prices decline, number of buyers with underwater mortgages swells

by Third Party | Dec 15, 2022 | Industry Updates, U.S. Housing Market

Source: Fox Business —  An alarming number of new homeowners are discovering they owe more on their mortgage than their home is worth as surging interest rates send housing prices spiraling down.  About 250,000 Americans who took out a mortgage this year to buy...
FTX spent $256 million on Bahamas real estate — now the island’s government wants it back

FTX spent $256 million on Bahamas real estate — now the island’s government wants it back

by Third Party | Dec 13, 2022 | Industry Updates, Real Estate News

Source: CNBC —  Bahamian lawyers say FTX executives Sam Bankman-Fried and Ryan Salame spent $256.3 million to buy and maintain 35 different properties across New Providence, Bahamas. Now, Bahamas regulators are trying to claw back the property from FTX’s U.S....
Housing Market Downturn – Is A Recession On The Horizon?

Housing Market Downturn – Is A Recession On The Horizon?

by Third Party | Dec 12, 2022 | Industry Updates, Real Estate News, U.S. Housing Market

Source: Forbes —  The second half of 2022 has seen declining house prices. However, prices remain up year-on-year based on steady price gains in the first half of the year. The decline in pricing is, in part, driven by higher mortgage rates hitting affordability...
Fitch Ratings reveals how much US house prices will drop in 2023

Fitch Ratings reveals how much US house prices will drop in 2023

by Third Party | Dec 10, 2022 | Industry Updates, Mortgage Information

Source: MPA Mag —  US home prices are set to fall by 5% next year in line with substantial price falls in housing markets across the globe, according to a new report by Fitch Ratings. The ‘Global Housing and Mortgage Outlook – 2023’, which analyzed housing...
What’s happening with the housing market? Mortgage rates, home prices and affordability

What’s happening with the housing market? Mortgage rates, home prices and affordability

by Third Party | Dec 10, 2022 | Industry Updates, U.S. Housing Market

Source: USA Today —  Potential buyers remained reluctant to take the plunge on financing a home purchase even as mortgage rates fell for the fourth straight week. Mortgage applications decreased 2% the week ending Dec. 2 compared to the previous week. And the...
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