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Can Miami Beach Stay Hot After Covid? The Shore Club Redevelopment Might Hold the Answer.
Source: Mansion Global --- Architect Robert A.M. Stern is best known for designing buildings for the wealthiest New Yorkers. Some of the largest residential deals in the U.S. have been at his towers overlooking Manhattan’s Central Park. Now, Mr. Stern’s eponymous firm...
“I had to look for another job to pay the mortgage after the interest increase”
Source: World Nation News --- Added to the increase in shopping cart prices is the increase in interest rates, which is causing trouble for mortgage holders. In just one year, Euribor has gone from negative (-0.56% on January 24, 2022) to over 2% (specifically, 2.01%...
The Industrial Town That’s Become Australia’s Hideout for the Ultra Wealthy
Source: Mansion Global --- If you’ve ever come across the name Byron Bay, you’d be forgiven for thinking that this small, laid-back surfer’s town is within driving distance of Hollywood. After all, actor and Aussie native Chris Hemsworth, his wife, actor and model...
National home prices have further to fall, say 24 leading housing market researchers—while 5 firms think prices have bottomed
Source: Yahoo! Sports --- On Jan. 10, researchers at Goldman Sachs downgraded their outlook for the U.S. housing market in a paper titled "Getting worse before getting better." Instead of U.S. home prices falling 4.1% in 2023, which was their November call,...
News & Current Events
Real estate agents say they can’t imagine working without ChatGPT now
Source: CNN Business --- If you came across a four bedroom, 3.5 bathroom home listed for sale recently on a quiet cul-de-sac in Cedar Rapids, Iowa, you might not think twice about the online listing. It included typical real estate descriptions like “ideal for...
The Housing Market Has Started To Recover
Source: Redfin --- The housing market has begun to recover after hitting a low point in the second week of November. We’re not out of the woods yet, but homebuyers are coming off the sidelines: The number of Redfin customers requesting first tours has improved 17...
AI Disruption: Rise of Virtual Real Estate Agents
Source: The Urban Developer --- Artificial intelligence (AI) is revolutionising real estate, with tools such as 3D virtual tour software CAPTUR3D and automated value estimation tech Zestimate already transforming the nature of an agent’s work. The question is whether...
What Is Digital Curb Appeal and How Do You Get It?
Source: US News --- If you’ve ever put your home up for sale, you know how important curb appeal is to attracting the right buyer quickly. If your house doesn’t have that little something when they pull up, they might not even come inside. And today, as more people...
Industry Updates
Inflation and housing market: Decoding latest number
Source: Longview News Journal --- There’s good news on the inflation front: December marked the sixth straight month that the U.S. rate of inflation has decreased. According to the latest figures from the U.S. Bureau of Labor Statistics, released Jan. 12, the Consumer...
Experts bash Goldman Sachs prediction of a 2008-level housing crash
Source: Axios --- A New York Post article reporting that Goldman Sachs has forecast a 2008-level housing crash in Phoenix sent ripples through the Valley's real estate industry last week. Yes, but: Local experts called the report "hyperbolic," "misleading" and "a...
They sold land under their mobile homes, now they regret it
Source: ABC Action News --- ST. PETERSBURG, Fla. — Nancy DeCamp can no longer bear to enter the home on lot 257. Her sister Tootie lived here, just a golf cart ride from where Nancy shares a place with her husband in their manufactured home community in central...
UAE real estate defied global trends to have stellar year in 2022
Source: Arabian Business --- The UAE defied global market trends to score an exceptional year, according to market analysis by CBRE. Dubai real estate, in particular, saw an impressive rise with property prices up 9.5% and more than 90,000 transactions recorded....
About Weekly Real Estate News
Weekly Real Estate News was founded by real estate professionals who are passionate about the industry. With the fluctuations in the market and ever-changing trends, they felt first-hand the need for a better news source designed specifically for real estate professionals.
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Real Estate News
The Industrial Town That’s Become Australia’s Hideout for the Ultra Wealthy
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https://wrenews.com/?p=22872
Experts bash Goldman Sachs prediction of a 2008-level housing crash
#realestate
https://wrenews.com/experts-bash-goldman-sachs-prediction-of-a-2008-level-housing-crash/
Russian oligarchs invest in US commercial real estate, bypassing sanctions as feds warn banks
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https://wrenews.com/?p=22867