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Are iBuyers good or bad for the real estate ecosystem
iBuyers, short for "instant buyers," are companies that use technology and data analysis to make fast cash offers on homes, usually at a discount. The concept of iBuyers first emerged in the early 2010s as a response to the traditional home selling process, which can...
How low will house prices go? Lessons from UK, US, Europe and elsewhere
Source: The Guardian --- Across the world house prices are breaking records – but this time it is because of how fast they are falling. Houses in Stockholm are now selling for 20% less than their peak, Sydney prices are down by almost 14% over the year, while in San...
Civil Forfeiture Complaint Filed Against Six Luxury Real Estate Properties Involved In Sanctions Evasion And Money Laundering
Source: United States Department of Justice --- Complaint Seeks Forfeiture of Properties Worth Approximately $75 Million Owned by Viktor Vekselberg and Maintained by Fugitive Vladimir Voronchenko Damian Williams, the United States Attorney for the Southern District...
The Top 10 Real Estate Agents in New York for 2023
Source: Grit Daily --- New York is one of the world’s most competitive real estate markets, and finding the right real estate agent can make all the difference in your buying or selling experience. In a city where millions of dollars can ride on a single transaction,...
Most North Bay residential real estate markets off in January from a year ago
Source: North Bay Business Journal --- Inventory of homes for sale in the North Bay was lower in January 2023 compared to last year and is still declining, but real estate industry optimism is growing in expectation of new listings and higher sales volumes leading up...
The value of US homes recorded its biggest six-month drop since 2008
Source: Quartz --- US homes have recorded the largest fall in value since the global financial crisis. In June 2022, US homes were worth a record $47.7 trillion. By the end of the year, they fell by almost 5% to $45.3 trillion. That’s the largest June-to-December...
How a Houston real-estate agent who closed $28 million in deals in 2022 turned her broadcast news layoff into a lucrative new career
Source: Insider --- Before she was a successful real-estate agent closing on nearly $28 million in deals in 2022, Lily Jang was a news anchor for KHOU-TV in Houston. She never would've left the broadcasting world, she told Insider, had the TV station not gone through...
Three New England Markets Experience Sharp Increase in Rents
Three housing markets in the U.S. Northeast are dealing with rent spikes even as the nation’s rental crisis showed signs of moderation in January. Renters in Springfield, Massachusetts paid an average of about $1,615, a year-over-year increase of 14.73 percent...
Fundhomes appoints Ryan Feit as Strategic Advisor
Fundhomes announced that CEO and Founder of SeedInvest Ryan Feit joined their advisory board. Fundhomes is a fractional investing platform for real estate properties where investors can buy shares of individually acquired vacation rentals that are operated on their...
Realogics Sotheby’s International Realty Releases 2023 Forecast Report
Realogics Sotheby’s International Realty (RSIR) released its 2023 Forecast Report, a macroeconomic housing report authored by Pacific Northwest brokerages who have analyzed the trends in 2022, evaluated what's occurred so far in Q1 for 2023 and are focused on where...
