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The Year of the Buyer: Canada’s Luxury Real Estate Market Shifts in Favour of Buyers as Opportunities Emerge Post-Pandemic
Source: Globe Newswire --- TORONTO, Jan. 18, 2023 (GLOBE NEWSWIRE) -- Following an era of exorbitant hyperinflation in Canadian luxury real estate, new post-pandemic benchmarks were established in 2022 as the housing market responded to a cascade of stressors. Against...
South Africa’s Flow gets funding to automate social media advertising for real estate agencies
Source: Tech Crunch --- The process used by millions of agents and thousands of property portals globally to reach buyers and sellers on digital channels is highly fragmented. And it’s evident that proptech, unlike other industries, has lagged in utilizing social...
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Existing home sales fell in May as rising rents and low supply weigh on affordability
Source: Realty Biz News --- Existing home sales declined again in May, falling by 3.4% to a seasonally adjusted annualized rate of 5.41 million units, according to new data from the National Association of Realtors. On a yearly basis, existing home sales were down...
Rental Prices Hit Another Record High, but There Is Some Good News for Renters By Clare Trapasso
Source: Realtor --- May was a mixed bag for renters. On one hand, rental prices across the nation hit a new record high—for the 15th month in a row, according to a recent Realtor.com® report. Rents climbed 15.5% annually in May, to hit a median of $1,849 in the...
More Than 40% of Home Sellers Are Dropping Their Prices in Salt Lake City, Boise, Sacramento and Other Pandemic Hot Spots
Source: Redfin --- An increasing share of home sellers are lowering their asking price as rapidly rising mortgage rates cut into buyers’ budgets and homebuying sentiment drops. Price drops are especially common in mid-sized metros in the West–particularly in Utah–many...
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