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Layoffs, sluggish markets signal rough start to 2023
Source: The Real Deal --- The sky isn’t falling as we enter 2023 when it comes to real estate, but there aren’t a whole lot of rainbows up there, either. A number of stories last week point to the year shaping up to be a rough one. Compass, the No. 1 residential...
Meta updates property listing policy, riling agents
Source: The Real Deal --- Facebook Marketplace is becoming a less friendly hunting ground for real estate agents selling properties via social media. Facebook’s parent company, Meta, announced late last month a policy change to the social media site’s virtual selling...
1.4m households could face rate rises when renewing fixed mortgages in 2023
Source: Yahoo! Finance --- More than 1.4 million households are facing the prospect of interest rate rises when they renew their fixed-rate mortgages this year, according to the Office for National Statistics (ONS). The majority of fixed-rate mortgages in the UK (57%)...
It’s wait-and-see for Grand Forks real estate trends; agents says spring will give a better indication
Source: Grand Forks Herald --- GRAND FORKS — With prices up, sales down, lower inventory and interest rates doubling in the last year, times have slowed on the local real estate front. Winter is historically a slower time for home sales in the northern states, so...
With the housing market ‘fizzled out,’ 2023 is off to the worst start in decades — but here’s why analysts are dreaming of a mild spring
Source: Yahoo! --- Homebuyers hoping for a better climate in 2023 have longer to wait, as they now face the highest mortgage rates to start a new year since 2002. However, analysts remain hopeful that today’s volatile rates will stabilize in the coming months. “While...
Redfin CEO predicts ‘terrible consolidation’ in the real-estate sector, but says it will ultimately be good for the industry
Source: Morning Star --- The real-estate sector is in crisis amid the housing downturn. Expect more pain to come before things start to normalize, one housing chief says The real-estate sector is in crisis amid the housing downturn. Expect more pain to come before...
Is real estate the best way to build wealth?
Source: UBS --- An illiquid, indivisible bulk asset with high transaction costs, residential real estate presents complications for investors whose focus is wealth-accumulation. But that doesn’t mean you should discount housing as a key part of your investment story....
San Diego housing market 2023
Source: Bankrate --- As we head into the new year, the housing market across the country has started to cool, thanks in large part to the Fed’s continual interest rate increases. Still, though, anyone who’s ever lived in California knows that real estate here is...
5 big questions real estate is asking in 2023
Source: JLL --- The past few years have been bumpy, with one event after the other challenging the economy, businesses, and the way we work. This year looks set to be another year of transformation, with questions looming around corporate climate goals and hybrid...
Why you should refinance your mortgage in 2023
Source: CBS News --- With a new calendar year underway many Americans may be considering ways to both make extra money and cut corners to help save. Fortunately, there are multiple ways to access extra cash, save on insurance types and even cut lingering holiday...
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