Real Estate Industry News & Insights
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As demand for real estate VR booms, Founders Fund leads $16M round into Giraffe360 platform
Source: TechCrunch --- The property industry now requires high-quality photographs, floor plans and virtual tours, so the industry for software providers in the space is booming. The whole area was accelerated during the pandemic, when many property viewings migrated...
2023 Could Be an Explosive Year for Real Estate Investing. Here’s Why
Source:The Motley Fool --- The coming year could be ripe with real estate investment opportunities. 2022 wasn't a fantastic year for investors across the board. The stock market fell 16% year over year, with several dips into bear market territory. Real estate didn't...
Austin, Raleigh and Other Popular Sun Belt Metros Lead the Nation in Homebuilding
Source: Redfin --- Sun Belt metros are leading the way when it comes to building new homes–and they need them, with scores of buyers moving in from other parts of the country, causing inventory to dwindle and prices to surge. Austin, TX had 31.1 single-family building...
Housing Market Update: Nearly 1 in 5 Sellers is Dropping Their Price, the Highest Rate Since October 2019
Source: Redfin --- Measures of homebuying competition are plateauing as early-stage demand posts its biggest annual decline since April 2020. However, mortgage rates may have leveled off, which could prevent demand from dropping even further. The housing market is...
Real estate industry ‘desperate’ for more inventory: Corcoran CEO
Source: Fox Business --- Pamela Liebman, president and CEO of The Corcoran Group, argued on Wednesday that the real estate industry is "desperate" for more inventory and if more homes become available, it "will really help everybody." She also noted that currently...
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