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Real estate agents vanish en masse as market slows — even in once red-hot Miami
Source: New York Post --- Real estate brokers are heading for the door in droves as the nation’s housing market cools — even in the usually scorching market of Miami. The number of “active” agents in the Florida city plunged by 36% in the fourth quarter of last year...
Still house hunting? Here’s how to navigate Tampa Bay’s tough real estate market
Source: Tampa Bay Times --- This time last year, it seemed like the entire Tampa Bay area was caught up in a home buying frenzy. But as we enter 2023, the tide has changed considerably. High interest rates, stubborn inflation and the threat of recession have caused...
Feds raises rate a quarter point, inflation still a concern
February 1, 2023 (Staff Writer) The U.S. Federal Reserve (Fed) announced its first decision of 2023 for the Federal Funds rate today. An increase of 0.25 percentage points, taking rates between 4.50% and 4.75% was approved and adopted. This is now the eighth...
Local real estate agent gives outlook for 2023
Source: WBRC --- BIRMINGHAM, Ala. (WBRC) - 2023 is bringing promising news to homebuyers. Experts say home prices are beginning to stabilize after a few rocky years, but this year experts say prices will not be as daunting. “It has been a crazy, incredibly competitive...
Outlook on the Real Estate Appraisal Market in the United States to 2028
Feb. 1, 2023 (Staff Writer) -- The "The US Real Estate Appraisal Market: Analysis and Trends with Impact of COVID-19 and Forecast up to 2028" report has been added to ResearchAndMarkets.com's offering. The US real estate appraisal market was valued at US$8.89 billion...
Have Buyer’s Remorse With Your Home? Here’s What to Do
Source: US News --- Caveat emptor – buyer beware – is a well-known phrase in real estate. It refers to instances when buyers must take caution and be smart with their money. If you throw caution to the wind, you could end up regretting your decision. Buyer’s remorse...
Tech office leases slow to a ‘trickle’ in Seattle as real estate braces for impact of layoffs
Source: GeekWire --- Office building attendance in downtown Seattle this past November increased year-over-year from 15-20% to 35-60%, as more companies establish in-office mandates, according to a new report from CBRE. But only a “trickle” of tech tenants signed new...
DC’s real estate market demands to be taken seriously
Source: The Real Deal --- Washington, D.C., is ready for its close-up. D.C. may be the nation’s capital, but its housing market has long trailed other East Coast and even West Coast markets. The District is a fixed, finite space that can’t grow vertically thanks to...
Investors Are Easing Up on Home Buying in 2023. Here’s Why That’s a Good Thing
Source: The Ascent --- Did you spend 2022 watching the housing market and shaking your head sadly? You've no doubt got company there. But as we head deeper into 2023, there is one tiny bright spot: Redfin recently released some predictions for the 2023 housing market,...
92% of millennial homebuyers say inflation has impacted their purchase plans, but most are plowing ahead anyway, study shows
Source: CNBC --- Millennials — who are roughly ages 27 to 42 — are in their prime homebuying years. While the combination of high home prices and rising interest rates has caused affordability issues for many buyers, the situation is gradually improving. The median...
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