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10 Commercial Real Estate Market Trends and Predictions to Watch Out For in 2023

10 Commercial Real Estate Market Trends and Predictions to Watch Out For in 2023

by Third Party | Oct 15, 2022 | Industry Updates, Real Estate Agent Tools, U.S. Housing Market

Source: Commercial Observer —  The annual Allen Matkins View From the Top brings together the top real estate economists, owners, investors, developers and brokers in Western Region commercial real estate. Now in its 15th year, View From the Top remains a key...
These 5 charts show the depth and seriousness of the U.S. housing downturn. Expect a ‘further weakening in demand.’

These 5 charts show the depth and seriousness of the U.S. housing downturn. Expect a ‘further weakening in demand.’

by Third Party | Oct 15, 2022 | Industry Updates, Real Estate News, U.S. Housing Market

Source: MorningStar —  Goldman Sachs economists say they expect rates will ‘remain persistently high’ The U.S. housing market has been pushed into a recession, helped by pandemic-era prices and mortgage rates now surpassing 7%. “The headwind...
US Housing Market Cooling Off from West to East

US Housing Market Cooling Off from West to East

by Third Party | Oct 14, 2022 | Industry Updates, Mortgage Information, Real Estate News, U.S. Housing Market

Source: Fitch Ratings —  Fitch Ratings-New York-10 October 2022: Fitch Ratings estimates that U.S. home prices were overvalued by 12.2% for 2Q22 on a population-weighted average basis, according to a new Fitch Ratings report. Fitch expects that the overvaluation...
What Is Metaverse Real Estate?

What Is Metaverse Real Estate?

by Third Party | Oct 14, 2022 | Industry Updates, Mortgage Information, Real Estate Agent Tools

Source: Binance Academy —  Introduction The concept of the metaverse and digital real estate go hand in hand. But like many crypto trends, media coverage hasn’t provided sufficient clarity. Just as it is with any other investment, it’s crucial to grasp the...
The housing market is backfiring on home flippers

The housing market is backfiring on home flippers

by Third Party | Oct 14, 2022 | Industry Updates, Real Estate News, U.S. Housing Market

Source: KSL —  SALT LAKE CITY — The U.S. housing market has turned, and it’s starting to backfire on home flippers. Mortgage rates are now hovering around 7%, further straining housing affordability and pricing buyers out of the market. Meanwhile inflation...
Chinese homeowners in a rush to clear mortgages early as consumers turn pessimistic over economic outlook

Chinese homeowners in a rush to clear mortgages early as consumers turn pessimistic over economic outlook

by Third Party | Oct 14, 2022 | Industry Updates, News/Current Events, Real Estate News

Source: South China Morning Post —  Aki Wang made a resolution on her 35th birthday in June. She vowed to pay off her 25-year mortgage before she turns 40, which will save her close to 1 million yuan (US$140,535) in interest payments. “I pay 5.1 per cent...
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