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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...
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...
Want to Buy a Home In 2023? 10 Cities to Consider
Source: The Ascent --- I'm sure a lot of people would love to forget about the state of the housing market in 2022, but unfortunately, we've probably still got a ways to go before things significantly improve from high prices and high mortgage rates. And since...
The Importance and Surge of Retail Proptech
Source: Real Estate Weekly --- Proptech in real estate has experienced a surge over the past decade – the use of information technology has improved the ability of individuals and companies to research, buy, sell, and manage real estate across all asset classes....
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...
Predictions For Small-Scale Commercial Real Estate In 2023—And How Investors Can Prepare
Source: Forbes --- Despite economic uncertainty and growing interest rates, the U.S. commercial real estate market experienced successes in 2022. As one example, Atlanta saw $30.7 billion in direct commercial real estate investments between the fourth quarter of 2021...
National home prices have further to fall, say 24 leading housing market researchers—while 5 firms think prices have bottomed
Source: Fortune --- 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, researchers at...
Redfin CEO Glenn Kelman calls housing market ‘stronger than anyone could’ve hoped’
Source: Yahoo! News --- The housing market is coming off one of its most challenging years since the financial crisis, but signs of a turnaround are emerging early in 2023, according to Redfin (RDFN) CEO Glenn Kelman. "The market could still easily falter,"...
New Yorkers Never Came ‘Flooding Back.’ Why Did Rents Go Up So Much? Getting to the bottom of a COVID-era real estate mystery.
Source: Curbed --- For a minute there, things looked grim for New York City landlords. The pandemic caused an exodus of such proportions that building owners were forced to cut rents to their lowest levels since the bad old days of 2011. But then a miracle happened....
Real Estate Preview 2023: Another very different year for homebuyers and sellers
Source: Pleasanton Weekly --- Real estate markets throughout the East Bay have experienced significant changes since 2019 -- and more are on the way. "The most dramatic changes during 2023 will be mortgage interest rates," said Steve Medeiros, 2023 president of the...
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