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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...
1.4m households could face rate rises when renewing fixed mortgages in 2023

1.4m households could face rate rises when renewing fixed mortgages in 2023

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

Source: Yahoo! Finance —  More than 1.4 million households are facing the prospect of interest rate rises when they renew their fixed-rate mortgages this year, according to the Office for National Statistics (ONS). The majority of fixed-rate mortgages in the UK...
It’s wait-and-see for Grand Forks real estate trends; agents says spring will give a better indication

It’s wait-and-see for Grand Forks real estate trends; agents says spring will give a better indication

by Third Party | Jan 9, 2023 | News/Current Events, Real Estate News

Source: Grand Forks Herald —  GRAND FORKS — With prices up, sales down, lower inventory and interest rates doubling in the last year, times have slowed on the local real estate front. Winter is historically a slower time for home sales in the northern states, so...
With the housing market ‘fizzled out,’ 2023 is off to the worst start in decades — but here’s why analysts are dreaming of a mild spring

With the housing market ‘fizzled out,’ 2023 is off to the worst start in decades — but here’s why analysts are dreaming of a mild spring

by Third Party | Jan 9, 2023 | Real Estate News, U.S. Housing Market

Source: Yahoo! —  Homebuyers hoping for a better climate in 2023 have longer to wait, as they now face the highest mortgage rates to start a new year since 2002. However, analysts remain hopeful that today’s volatile rates will stabilize in the coming months....
Redfin CEO predicts ‘terrible consolidation’ in the real-estate sector, but says it will ultimately be good for the industry

Redfin CEO predicts ‘terrible consolidation’ in the real-estate sector, but says it will ultimately be good for the industry

by Third Party | Jan 9, 2023 | Real Estate News, U.S. Housing Market

Source: Morning Star —  The real-estate sector is in crisis amid the housing downturn. Expect more pain to come before things start to normalize, one housing chief says The real-estate sector is in crisis amid the housing downturn. Expect more pain to come...
Is real estate the best way to build wealth?

Is real estate the best way to build wealth?

by Third Party | Jan 9, 2023 | International Real Estate News, Real Estate News

Source: UBS —  An illiquid, indivisible bulk asset with high transaction costs, residential real estate presents complications for investors whose focus is wealth-accumulation. But that doesn’t mean you should discount housing as a key part of your investment...
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