Real Estate News & Insights
Apartment Rents Record Greatest October Decline in Over 15 Years
On an annual measurement, rent growth slowed to 0.8%. Continue Reading Apartment Rents Record Greatest October Decline in Over 15 Years
Scott Neil to Become CEO at Realtor.ca Canada
Neil was previously CEO at the online marketplace Kijiji Canada. Continue Reading Scott Neil to Become CEO at Realtor.ca Canada
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...
North Carolina city ranked 2nd in US for biggest increases in housing prices
Source: Fox News --- RALEIGH, N.C. (WGHP) – Despite a cooling market because mortgage rates have risen to fight inflation, home sellers in 2022 still had an amazing rate of return – and those in Raleigh were among the best. The ATTOM U.S. Home Sales Report released...
When will US home prices finally stop dropping?
Source: Fox Business --- The end may finally be in sight for a prolonged slump in the U.S. housing market, according to Goldman Sachs strategists. Analysts at the Wall Street bank said in a note this week that falling mortgage rates are likely to stop the dramatic...
Housing Market Update: Pending Home Sales Improve In January As More Buyers Return
Source: Redfin --- Pending sales posted their smallest year-over-year decline in three months as mortgage rates ticked down. Early indicators of homebuyer demand, including tour requests and mortgage applications, are increasing from their low point. Pending home...
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