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Sizing up the booming global market for trophy real estate
Source: The Real Deal --- A mansion in Dubai won’t be completed until next year, but it already holds the title of the emirate’s priciest home. A mystery buyer recently dropped 302.5 million dirhams — the equivalent of $82.4 million — for a villa on Dubai’s Palm...
5 Ways To Use Virtual Reality In Your Real Estate Business
Source: Forbes --- Virtual reality (VR) has been the next big thing in real estate for a few years now, and there is still so much untapped potential. According to research conducted by The Insight Partners, the value of the global VR market was $27.96 billion in 2021...
How to Invest in Real Estate if You’re Not Rich
Source: Yahoo Finance --- Real estate investing can seem daunting. But it doesn’t have to be that way. If you want to invest in real estate with little money, there are four common ways you can start building your portfolio. Here’s a breakdown from the cheapest and...
United States: 10 Commercial Real Estate Market Trends & Predictions To Watch Out For In 2023
Source: Mondaq --- The annual Allen Matkins View From the Top brings together the top real estate economists, owners, investors, developers, and brokers in Western Region commercial real estate. Now in its 15th year, View From the Top remains a key source for market...
6 Mortgage Options for Seniors
Source: Total Mortgage --- Mortgage rates are on the rise, but that doesn’t mean retirees can’t take advantage of mortgage options for seniors, allowing them to downsize, purchase a second property, or take advantage of their home equity to pay off debt or make home...
Mortgage mayhem sparks fears of a housing market crash in Britain
Source: CNBC --- LONDON — There are growing fears of a housing market crash in the U.K., after a swathe of tax cuts announced by the government sent interest rate expectations soaring, driving up lending rates for homebuyers. Finance Minister Kwasi Kwarteng’s...
Opendoor’s iBuyer Model Is a Canary in the Economic Coal Mine
Source: Wired --- OPENDOOR IS TAKING a pounding. Forty-two percent of the homes it sold in August made a loss, according to an analysis by market research firm YipitData. In places like Phoenix, Arizona, where cookie-cutter houses have attracted so-called iBuyers en...
Biden’s Fight Against Inflation Is Failing Homeowners
Source: Washington Post --- The causes of inflation can be hard to isolate, but in the US at least, one culprit is clear: President Joe Biden and congressional Democrats spent too much in the last two years, and even now refuse to take steps that would ease the...
House hunters on the ‘demoralizing’ process of buying a house in a crazy market. One listing had 30 offers — and sold for $85,000 above asking.
Source: Market Watch--- First, they had to battle the pandemic-induced buying frenzy. Now, potential home buyers are struggling with sky-high mortgage rates. Between the start of the summer and into the fall, there’s a “day and night difference,” Riddish Kankariya,...
New Study Finds Majority of U.S. Markets Favor Sellers
Source: DS News --- The housing market continues to change as higher mortgage rates, rising inflation and economic uncertainty have sidelined many buyers. Meanwhile, according to this month's Knock Buyer-Seller Market Index, sellers have the upper hand remaining in...
